PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461275
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461275
Electrosurgical Devices Market, By Product Type, By Application, By End User, By Geography
The electrosurgical devices market is estimated to be valued at USD 6.58 Bn in 2024 and is expected to reach USD 10.07 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2023/2024: | US$ 6.58 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 6.30% | 2030/2031 Value Projection: | US$ 10.07 Bn |
The global electrosurgical devices market has been witnessing steady growth in the recent past owing to the rising prevalence of chronic diseases and growth in aged population along with the increasing number of surgical procedures performed worldwide. Electrosurgical devices are medical apparatus used for electrosurgery, a technique that involves the application of a high-frequency alternating electric current through an electrode to cut tissues or to coagulate bleeding. Electrosurgical devices help in sealing blood vessel with minimum thermal spread and damage to surrounding tissue during surgery. Factors such as growing medical tourism and technological advancements leading to the development of novel electrosurgical products are expected to drive the global electrosurgical devices market growth over the forecast period. However, availability of alternative surgical methods and risks associated with electrosurgical procedures act as a restraint for the market.
Market Dynamics:
The electrosurgical devices market is primarily driven by the increasing number of surgical procedures performed across the globe. Moreover, the rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and neurological disorders are generating a high demand for surgical treatments which is fueling the growth of the electrosurgical devices market. However, risks associated with electrosurgical procedures such as burns and perforations act as a restraint. Additionally, the availability of alternative surgical staplers, ligation devices, and other new surgical modalities pose a threat to the market. On the other hand, the emergence of new advanced electrosurgical generators with advantages such as reduced risk of thermal injuries present significant growth opportunities in the market. Technological advancements in the field of minimally invasive surgeries to reduce trauma, pain, and disability are also creating potential opportunities.
Key Features of the Study:
- This report provides an in-depth analysis of the global electrosurgical devices market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global electrosurgical devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study includes Bovie Medical Corporation, Medtronic Plc, BOWA-Electronic GmbH & Co. KG, KLS Martin, B. Braun Melsungen AG, Conmed, Olympus Corp., Boston Scientific Corporation, Erbe Elektromedizin GmbH, Symmetry Surgical Inc., Encision Inc., Gala Therapeutics Inc., Apyx Medical Corporation, Johnson & Johnson Services Inc., Innoblative Designs, Stryker Corporation, and Smith & Nephew PLC.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global electrosurgical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electrosurgical devices market.
Market Segmentation
- Product Type:
- Electrosurgical Instruments
- Active Electrodes
- Electrosurgical Generators
- Accessories
- Application:
- General surgery
- Gynecology
- Cardiology
- Neurology
- Dermatology
- Orthopedic Surgery
- Others
- End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Bovie Medical Corporation
- Medtronic Plc
- BOWA-Electronic GmbH & Co. KG
- KLS Martin
- Braun Melsungen AG
- Conmed
- Olympus Corp.
- Boston Scientific Corporation
- Erbe Elektromedizin GmbH
- Symmetry Surgical Inc.
- Encision Inc.
- Gala Therapeutics Inc.
- Apyx Medical Corporation
- Johnson & Johnson Services Inc.
- Innoblative Designs
- Stryker Corporation
- Smith & Nephew PLC
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- Pipeline Analysis
- PEST Analysis
4. Global Electrosurgical Devices Market- Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Impact on Supply and Demand
- COVID-19 Impact on the Market
5. Global Electrosurgical Devices Market, By Product Type, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Electrosurgical Instruments
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Active Electrodes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Electrosurgical Generators
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Accessories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
6. Global Electrosurgical Devices Market, By Application, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- General surgery
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Gynecology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Cardiology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Neurology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Dermatology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Orthopedic Surgery
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
7. Global Electrosurgical Devices Market, By End User, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Specialty Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
8. Global Electrosurgical Devices Market, By Region, 2019 - 2031, (USD BN)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Regions, 2019-2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD BN)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Bovie Medical Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Medtronic Plc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- BOWA-Electronic GmbH & Co. KG
- KLS Martin
- B. Braun Melsungen AG
- Conmed
- Olympus Corp
- Boston Scientific Corporation
- Erbe Elektromedizin Gmb
- Symmetry Surgical Inc
- Encision Inc
- Gala Therapeutics, Inc
- Apyx Medical Corporation
- Johnson & Johnson Services, Inc
- Innoblative Designs
- Stryker Corporation
- Smith & Nephew PLC
10. Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
