Electrosurgical Devices Market Size, Share & Trends Analysis Report By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes), And Segment Forecasts, 2018 - 2025

Industry Insights

The global electrosurgical devices market size was valued at USD 4.46 billion in 2015. Growing demand forminimally invasive surgeriesand increasing adoption of technologically advanced products are driving market growth. Growing awareness regarding the most recent surgical techniques in developing regions is expected to ensure swift growth of the global market.

Electrosurgical procedures are used in a variety of medical disciplines, including urology, pneumology, gynecology, gastroenterology, abdominal surgery, general surgery, and others. High unmet need for minimally invasive surgeries provides huge scope for growth as electrosurgery finds application in most of the important surgical procedures, such as cutting, coagulation, devitalization, and thermofusion. The preference of electrosurgery over conventional surgical techniques can mainly be attributed to principal factors such as low risk to the patient, faster recovery time, minimal chances of infection, and ease of usage. In addition, electrosurgical procedures can be easily performed in an office setting, thus the use of electrosurgical devices is anticipated to witness significant growth over the forecast period.

China Electrosurgical Devices Market, By Product, 2014 - 2025 (USD Million)

Method Insights

Based on methods, the electrosurgical devices market is segmented into monopolar and bipolar devices. The bipolar segment captured the largest share in 2015. Enhanced safety and ease of use are some of the factors expected to drive the segment growth, thus the bipolar segment is expected to dominate throughout the forecast period.

Monopolar devices have several risks, including unintended burns, stimulation of tissues, and current shunting, whereas bipolar procedures are safer, even on the patients with心脏起搏器. The bipolar segment is anticipated to experience surge with its growing applications in sensitive cases, including those pertaining to neurology, ophthalmology, and otolaryngology.

Product Insights

Based on products, the market is segmented as electrosurgical generators, active electrodes, dispersive electrodes, and other accessories. Introduction of technologically advanced electrodes and growing applications of disposable electrodes are driving the growth of the active electrode segment. Active electrodes are an integral part of electrosurgical procedures. A wide range of these electrodes is available and is used based on certain variables, such as surgery objective and tissue types involved. Thus, the active electrode segment captured the largest share in 2015 and is expected to maintain it throughout the forecast period.

增长的分散电极段是蚂蚁icipated to be impeded by increasing usage of bipolar equipment. Bipolar procedures do not require dispersive electrodes, unlike monopolar. Other segment includes accessories used along with the electrosurgical equipment including, but not limited to, gas chambers, tubing, wirings, and electrosurgical pencils.

Global Electrosurgical Devices Market, by Method, 2015 (USD Million)

Regional Insights

North America dominated the market in 2015. This can be attributed to the local presence of a large number of players and high level of competition in the region. High adoption rate of advanced technology and the presence of skilled professionals are expected to drive market growth during the forecast period. The U.S., which held the largest share of the global market in 2015, is decider of the market dynamics with a large customer base. Country’s economy, government policies, as well as well-established healthcare sector provides favorable scenario for the market growth. For instance, there are no c-codes for electrosurgical devices in the country. Hospitals do not receive additional reimbursements for the devices with c-code.

High-paced economic advancements, growing foreign direct investments, and rising awareness about advanced and minimally invasive surgical techniques are the factors expected to fuel the growth in the Asia Pacific region. Hence, Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Electrosurgical Devices Market Share Insights

The market is currently consolidated with a few companies capturing the maximum share. However, recent market dynamics and increasing demand for innovative technologies are making way for a number of new entrants. The emergence of local players in developing countries, especially in China and India, are expected to increase the competition at the global level. These local players offer equipment at a much lesser price due to the availability of low-cost labor and raw materials in the country.

Some of the major players operating in this sector include Covidien plc; Olympus Corporation; Ethicon, Inc.; Boston Scientific; B. Braun Melsungen AG; Kirwan Surgical Products, LLC; Smith and Nephew; Parkell, Inc.; Bovie Medical Corporation; and ATMOS, Inc.

Report Scope

Attribute	Details
Base year for estimation	2016
Actual estimates/Historical data	2014 - 2016
Forecast period	2017 - 2025
Market representation	Revenue in USD Million and CAGR from 2017 to 2025
Regional scope	North America, Europe, Asia Pacific, Latin America & MEA
Country scope	美国、加拿大、英国、德国、印度、中国、巴西、Mexico, South Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analyst working days)	If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global electrosurgical devices market on the basis of method, product, and region:

• Method Outlook (Revenue, USD Million, 2014 - 2025)

  • Monopolar

  • Bipolar

• Product Outlook (Revenue, USD Million 2014 -2025)

  • Electrosurgical Generators

  • Active Electrodes

  • Dispersive Electrodes

  • Other Accessories

• Regional Outlook (Revenue, USD Million, 2014 -2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • South Africa