DUBLIN, Jan. 21, 2020 /PRNewswire/ -- The "Electrosurgery Market by Product (Instruments (Bipolar, Monopolar), Accessories, Generators), Surgery (General, Orthopedic, Gynecology, Cosmetic, Neurology), End User (Hospitals, Ambulatory Center), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.
The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the electrosurgery market.
The electrosurgical instruments segment accounted for the largest market share in 2018.
Based on products, the electrosurgery market is segmented into electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems. The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2018. The large share of this segment can be attributed to the high usage volume of disposable and reusable electrosurgical instruments. In addition, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the growth of this segment.
The general surgery segment accounted for the largest share of the electrosurgery market in 2018.
On the basis of type of surgery, the electrosurgery market is segmented into general surgery, gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The general surgery segment accounted for the largest share of the electrosurgery market in 2018. The large share of this segment can be attributed to the rising geriatric population and the subsequent increase in the prevalence of various diseases/conditions, the growing volume of surgical procedures performed, and the rising prevalence of obesity.
In 2018, North America accounted for the largest share of the electrosurgery market.
On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America accounted for the largest share of the electrosurgery market, followed by Europe. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the growing popularity of cosmetic surgeries, government efforts to increase access to elective surgery, large population base, high patient population, and improving healthcare infrastructure in the region.
In 2018, Medtronic (Ireland), Ethicon (US), and Olympus (Japan) dominated the electrosurgery market. Other prominent players in this market include CONMED (US), B. Braun Melsungen AG (Germany), Applied Medical (Netherlands), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products LLC (US), Bovie Medical Corporation (US), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Boston Scientific (US), Smith & Nephew plc (UK), and CooperSurgical Inc. (US).
In order to sustain their dominance in the electrosurgery industry, a majority of prominent players are focusing on increasing their geographical presence and strengthening their product portfolios through the strategies of product launches, agreements, partnerships, and acquisitions.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Electrosurgery Market Overview
4.2 Regional Analysis: Market, By Product, (2019)
4.3 Market, By Type of Surgery, 2019 vs 2025 (USD Million)
4.4 Market, By End-user, 2019 vs 2025 (USD Million)
4.5 Market, By Country (2019-2025)
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Technological Advancements in Electrosurgical Instruments
188.8.131.52 Rising Number of Medical, Cosmetic & Age-Related Surgeries
184.108.40.206 Increasing Demand for Minimally Invasive Surgeries
220.127.116.11 Rising Number of Ambulatory Surgery Centers
18.104.22.168 Risks Associated with Electrosurgical Procedures
22.214.171.124 Emerging Countries
126.96.36.199 Expected Increase in the Number of Bariatric Procedures Due to the Growing Prevalence of Obesity
188.8.131.52 Stiff Competition Among Market Players
6 Electrosurgery Market, By Product
6.2 Electrosurgical Instruments
6.2.1 High Use of Instruments in Minimally Invasive Surgeries Will Increase the Demand for Market Products
184.108.40.206 Bipolar Electrosurgical Instruments
220.127.116.11.1 Advanced Vessel Sealing Instruments
18.104.22.168.2 Bipolar Forceps
22.214.171.124 Monopolar Electrosurgical Instruments
126.96.36.199.1 Electrosurgical Pencils
188.8.131.52.2 Electrosurgical Electrodes
184.108.40.206.3 Suction Coagulators
220.127.116.11.4 Monopolar Forceps
6.3 Electrosurgical Generators
6.3.1 Technological Advancements in Electrosurgical Generators have Lessened the Incidence of Thermal Injuries
6.4 Electrosurgical Accessories
6.4.1 Electrosurgical Accessories Account for A Small Share of the Market
18.104.22.168 Patient Return Electrodes
22.214.171.124 Cords, Cables, and Adapters
126.96.36.199 Other Accessories
6.5 Smoke Evacuation Systems
6.5.1 Smoke Evacuation Systems Hold A Niche Share in the Electrosurgery Market
7 Electrosurgery Market, By Surgery Type
7.2 General Surgery
7.2.1 Increasing Number of Bariatric Surgeries to Drive Market Growth
7.3 Obstetrics/Gynecology Surgery
7.3.1 Advantages Offered By Electrosurgery in Ob/GYN Procedures to Drive Market Growth
7.4 Orthopedic Surgery
7.4.1 The Orthopedic Surgery Segment to Grow at the Highest Rate During the Forecast Period
7.5 Cardiovascular Surgery
7.5.1 Rise in Aging Population Will Be the Main Factor in the Growth of Electrosurgery Market
7.6 Oncological Surgery
7.6.1 Radiotherapy and Chemotherapy Will Affect the Growth of Electrosurgery in Oncological Surgery
7.7 Cosmetic Surgery
7.7.1 Risk of Getting Electrosurgical Burns Will Hinder the Growth of This Segment
7.8 Urological Surgery
7.8.1 Rising Kidney and Urological Diseases to Drive Market Growth
7.9.1 Increasing Number of Patients Suffering From Neurological Disorders to Drive Market Growth
7.10 Other Surgeries
8 Electrosurgery Market, By End-user
8.2 Hospitals, Clinics, & Ablation Centers
8.2.1 in 2018, Hospitals, Clinics, & Ablation Centers Accounted for the Largest Share of the Market
8.3 Ambulatory Surgical Centers
8.3.1 Increasing Number of Outpatient Surgeries to Support Market Growth
8.4 Research Laboratories & Academic Institutes
8.4.1 Budgetary Restrictions of Researchers are Limiting the Adoption of High-End Electrosurgery Products
9 Electrosurgery Market, By Region
9.2 North America
9.5 Latin America
9.6 Middle East & Africa
10 Competitive Landscape
10.2 Global Market Share Analysis, 2018
10.3 Competitive Scenario
10.4 Vendor Dive Overview
10.5 Vendor Inclusion Criteria
10.6 Vendor Dive
10.6.1 Visionary Leaders
10.6.3 Dynamic Differentiators
10.6.4 Emerging Companies
11 Company Profiles
11.2 Olympus Corporation
11.3 Ethicon, Inc. (Subsidiary of Johnson & Johnson)
11.4 Conmed Corporation
11.5 B. Braun Melsungen
11.6 Apyx Medical Corporation (Formerly Bovie Medical Corporation)
11.7 Boston Scientific
11.8 Smith & Nephew PLC
11.9 Erbe Elektromedizin GmbH
11.10 Applied Medical Resources Corporation
11.11 KLS Martin
11.12 Bowa-Electronic GmbH & Co. KG
11.13 Coopersurgical, Inc. (A Subsidiary of the Cooper Companies, Inc.)
11.14 Kirwan Surgical Products LLC
11.15 Zimmer Biomet Holdings, Inc.
11.16 Other Companies
11.16.1 Utah Medical Products, Inc.
11.16.2 Encision Inc.
11.16.3 Meyer-Haake GmbH
11.16.4 Surgical Holdings
11.16.5 I. C. Medical, Inc.
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