Global Electrosurgical Generator Market - 2022-2029

Market Overview

Electrosurgical Generator Market is expected to grow at a CAGR of 6.87% during the forecasting period (2022-2029).

Electrosurgical generators can be defined as several commodities that use electricity supply to destroy tissue by causing vaporization or coagulation thermally and dehydration. A high electric current is made to cut down the tissues during surgery with supreme precision and minimum blood loss coupled with reduced damage to the adjoining tissues. Electro surgery generators produce a high electric current frequency, and these electrosurgical units comprise hand pieces with one or more electrodes attached. The type of electric surgery current is constructed to perform both mono polar and bipolar surgeries. Besides, these generators offer broad benefits such as swift post-surgery recovery, less invasive, and causing minimum infection. Increasing technological advancements in electrosurgical devices are more likely to accelerate the demand for electrosurgical generators.

Market Dynamics: Increasing technological advancements in the electrosurgical generators drives market growth

Electro surgery is one of the most effective and widely used procedures in the operating room, involving more than 80% of all surgical procedures. The application ranges of electrosurgical unit's moves from basic dermatology procedures to the most intricate open heart and transplant procedures worldwide. The key development in the recent electrosurgical technologies is to minimize the thermal spread and reduce the harmful damage to surrounding tissues. Most electro-surgery devices advance in the laparoscopic field as there is an immense requirement for minimally invasive procedures. Recently, companies have developed a more sophisticated evaluation of voltage and current waveforms and implemented computing algorithms for safer and surgeon's convenient work.

Furthermore, Electro surgical generators are of great importance in various applications such as cardiac, ENT, dermatology, maxillofacial, optical, urology, etc. The growing obsession with physical appearance and the desire to look young and pleasant has accelerated the demand for aesthetic surgeries that will directly escalate dermatology application growth. As per the plastic surgery statistics 2020 report, 12.4 million of the female population underwent cosmetic procedures, of which 2 million were surgical, and 14.4 million were performed using minimally invasive procedures. This number of cosmetic surgeries is expected to boost the forecast period's demand for electrosurgical generators.

The demand for electrosurgical generators is growing with the rising global population. According to the American Society of Plastic Surgeons, approximately 15.6 million surgeries were performed worldwide in 2020 that involve high demand for electrosurgical procedures. These rising numbers and growing demand lead to many competitors in the market targeting a larger population base. A growing percentage of key players worldwide have significantly impacted electrosurgical generators' growth in present times. North America is the highest-demand creator. The bulk purchase of electro surgery generators has produced an intense price pressure and price gap on the manufacturer and distributors, aiming to challenge the forecast period's electrosurgical generator market.

Market Segmentation: Bipolar electrosurgical generator segment accounted for the highest share in global Electrosurgical Generator market.

The Electrosurgical Generator Market can be bifurcated based on product types such as monopolar and bipolar. Out of the two, bipolar electrosurgical generators' adoption has uplifted the global electrosurgical generators market in recent times. Raising advancements in the bipolar electrosurgical generators is triggering the segments' growth. Also, minimal tissue damage and improved performance delivered by bipolar devices will positively impact electrosurgical generators' business in the coming future. Conversely, monopolar electrosurgical devices are expected to show moderate growth trends in the coming years due to several applications on monopolar generators, such as desiccation, blend, cut, and fulguration. However, monopolar devices have several risks, such as unintended burns, current shunting, and tissue stimulation.

Depending on the application, the electrosurgical generator market can be bifurcated into general surgery, cosmetic surgery, urologic surgery, cardiovascular surgery, neurosurgery, orthopedic surgery, etc. General surgeries are more likely to take over the market of electrosurgical generators in the forecast period. General surgery is a surgical procedure that focuses on abdominal content, including the large intestine, small intestine, stomach, esophagus, liver, and others. Some common general surgeries are laparoscopic, hemorrhoids, breast biopsy, colon cancer surgery, and others. The rising population and various diseases are responsible for increasing general surgical procedures worldwide. Apart from this increasing percentage of chronic diseases in developing countries, such as obesity, it has uplifted bariatric surgeries in recent years. Countries such as the U.S and Europe are among the major contributors around the globe.

Geographical Penetration: North America is the dominating region during the forecast period.

North American region holds the highest electrosurgical generators market, followed by Europe, and is expected to grow faster in the coming years. The prime reason behind the region's significant growth is the increasing number of surgeries performed, coupled with the growing popularity of bariatric and cosmetic surgeries. Around 51.4 million surgeries were performed solely in the U.S in 2014. The number increased to around 5-7% in the past few years, and this rising number is propelling the demand for electrosurgical procedures in the forecast period. The rising prevalence of minimally invasive surgeries, especially in outpatient settings, adds value to the market's overall growth. The presence of key players such as Ethicon, Applied Medical Resources Corporation, Cooper Surgical Inc. and others contributes to electro surgery by adopting the most advanced electro surgery technology by investing in cutting-edge research boosting the market growth of the region.

Competitive Landscape:

The electrosurgical generator market is highly competitive, with the presence of various global companies. Some of the key players contributing to the market's growth include B.Braun, Medtronic, Olympus, J and J (DePuy Synthes), ConMed, Karl Storz ERBE, Applied Medical Resources Corporation, Apex Medical Corporation, and Cooper Surgical, among others. The major players are adopting several growth strategies, such as product launches, acquisitions, and collaborations, contributing to the global electrosurgical generators market. In August 2020, Olympus acquired Arc Medical Design from Norgine and obtained full rights to its range of innovative products per the agreement. Through this acquisition, Olympus got worldwide responsibility for design, manufacturing, distribution, and business strategy for the Endocuff product portfolio. In May 2022, Conmed acquired In2Bones Global, Inc. This acquisition is a natural strategic extension of the Orthopedic portfolio. In April 2021, Erbe Elektromedizin acquired Maxer Endoscopy. This acquisition provides the solution for surgeries and procedures where visualization is critical. In October 2020, Applied Medical launched the next advancement of its groundbreaking Voyant Intelligent Energy system. This new algorithm further enhances clinical performance and patient outcomes. The Voyant system has the unique ability to accelerate learning and adapting through user experience. In combination with the Voyant electrosurgical generator, the devices deliver radio-frequency energy to tissue captured between the jaws and divide sealed tissue with a user-actuated blade. The devices seal vessels, up to and including 7mm in diameter, and tissue bundles.

The global electrosurgical generator market report would provide an access to approximately 61 market data tables, 56 figures and 170 pages