Electrosurgical Devices And Equipment Market 2024 - Size, Key Manufacturers, Demand Analysis, Share And Overview By 2033
Overview and Scope
Electrosurgical devices and
equipment are used for cutting, sealing, and coagulating tissue during a
variety of open and laparoscopic surgical procedures.
Sizing and Forecast
The electrosurgical devices and
equipment market size has grown strongly in recent years. It will grow from
<b>$9.7 billion in 2023 to $10.44 billion in 2024 at a compound annual
growth rate (CAGR) of 7.7%. The growth
in the historic period can be attributed to aging population, minimally
invasive surgery (mis), surgical procedure volumes, telemedicine and remote
surgery.
The electrosurgical devices and
equipment market size is expected to see strong growth in the next few years.
It will grow to <b>$13.52 billion in 2028 at a compound annual growth
rate (CAGR) of 6.7%. The growth in the
forecast period can be attributed to emerging markets growth, robotics and
automation, personalized medicine, value-based healthcare. Major trends in the
forecast period include energy-efficient devices, integration of imaging
technologies, smart and connected devices, enhanced safety features.
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Segmentation & Regional
Insights
The electrosurgical devices and
equipment market covered in this report is segmented –
1) By Product:
Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon
and Smoke Management Systems
2) By Application: General
Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery,
Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
3) By End User: Hospitals,
Specialized Clinics, Ambulatory Surgery Centers
Top Major Players
Bovie Medical Corporation
Johnson & Johnson Private
Limited
B. Braun Melsungen AG
Medtronic PLC
Smith and Nephew PLC
North America was the largest
region in the global electrosurgical devices market in 2023. Western Europe was
the second-largest region in the electrosurgical devices market. The regions
covered in the electrosurgical devices and equipment market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, and Africa.
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Major Driver Impacting Market
Growth
The increasing prevalence rate of
chronic diseases contributed significantly to the growth of the electrosurgical
devices and equipment market. Electrosurgical devices are used in the surgery
of many life-threatening diseases such as skin cancer, small basal cell
carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous
moles, dentistry, and others. There has been an increase in the number of skin
diseases worldwide. For instance, in January 2023, according to the National
Library of Medicine, a US-based medical library operated by the federal
government, the number of individuals in the United States aged 50 and older
with at least one chronic condition is projected to increase by 99.5%, from
71.522 million in 2020 to 142.66 million by 2050. Therefore, the increasing
prevalence rate of chronic diseases drives the growth of the electrosurgical
devices and equipment market.
Key Industry Players
Major companies operating in the
electrosurgical devices and equipment market include Bovie Medical Corporation, Johnson &
Johnson Private Limited, B. Braun Melsungen AG, Medtronic plc, Smith and Nephew
plc, Boston Scientific Corporation, Stryker Corporation, ATMOS Inc., Heal Force
Bio-meditech Holdings Limited, Erbe Elektromedizin GmbH, Bowa-Electronic Gmbh
& Co.KG, Conmed Corporation, Ethicon Inc., Olympus Corporation, Megadyne
Medical Products Inc., COVIDien plc, Applied Medical Resources Corporation, KLC
Martin Group, Utah Medical Products Inc., Kirwan Surgical Products LLC, Parkell
Inc., XcelLance Medical Technologies Pvt. Ltd., Prima Medical Ltd., Abbott
Laboratories, Philips, GE Healthcare, Encision Inc., Symmetry Surgical Inc.,
Meyer-Haake GmbH Medical Innovations, AtriCure Inc.
The electrosurgical devices and
equipment market report table of contents includes:
1. Executive Summary
2. Electrosurgical Devices And
Equipment Market Characteristics
3. Electrosurgical Devices And
Equipment Market Trends And Strategies
4. Electrosurgical Devices And
Equipment Market - Macro Economic Scenario
5. Global Electrosurgical Devices
And Equipment Market Size and Growth
...................................
31. Global Electrosurgical Devices
And Equipment Market Competitive Benchmarking
32. Global Electrosurgical Devices
And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions
In The Electrosurgical Devices And Equipment Market
34. Electrosurgical Devices And
Equipment Market Future Outlook and Potential Analysis
35. Appendix
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