Electrosurgical Devices Market

Electrosurgical Devices Market By Product (Electrosurgical Generators, Electrosurgical Instruments & Accessories [Electrosurgical Instruments {Monopolar Instruments (Electrosurgical Pencils, Electrosurgical Electrodes, Suction Coagulators, and Others), Bipolar Instruments (Advanced Vessel Sealing Instruments and Bipolar Forceps)} and Electrosurgical Accessories], and Argon and Smoke Management Systems), Application (General Surgery, Orthopedic Surgery, Gynaecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others), End-User (Hospitals, Ambulatory Surgical Centres, and Others), and Geography, is expected to grow at a steady CAGR forecast till 2030 owing to the growing prevalence of chronic disorders, rising surgical procedures across the globe, along with increasing product approvals and launches worldwide.

The Global Electrosurgical Devices was valued at USD 8,520.99 million in 2023, growing at a CAGR of 6.64% during the forecast period from 2024 to 2030, to reach USD 12,401.80 million by 2030. The demand for Electrosurgical Devices and electrosurgical devices is witnessing growth due to the growing prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, gynecological disorders, and others, the rising number of surgical procedures, the escalating burden of geriatric patients, and technological advancements in product development and design improvement.

Electrosurgical Devices Market Dynamics:

The electrosurgical devices market is witnessing an increase in market revenue owing to the rising prevalence of various chronic diseases such as heart failure and stroke due to various factors such as genetics, age, obesity, and unhealthy lifestyle. According to the World Health Organization (WHO) (2023), in 2019, cardiovascular disease (CVDs) was one of the leading causes of death globally. It was estimated that around 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Most cardiovascular disorders are treated by some surgery.

Moreover, the rising burden of geriatric patients may increase the prevalence of chronic disorders as age is one of the risk factors for most chronic ailments. For instance, according to WHO 2021, by 2030, one in six people in the world will be aged 60 years or over. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). Thus, the increasing number of geriatric patients globally may increase the demand for electrosurgical devices during the forecast period.

Another key factor responsible for the growth of the electrosurgical devices market is the rising number of surgical procedures across the globe. For example, as per the Lifespan Health System organization (2023), about 5,00,000 open heart surgeries were performed every year in the United States. In addition, as per the Plastic Surgery and Statistics Report (2023), there were approximately 15.6 million cosmetic procedures were performed in the US in the year 2020. The source further stated that there were approximately 13.2 million cosmetic minimally-invasive procedures that were performed in the United States in the year 2020.

Therefore, the rising prevalence of various chronic diseases along with the growing number of surgeries such as open heart surgeries and cosmetic surgeries are expected to contribute to the growing demand for electrosurgical Devices, which in turn are expected to aid in increasing the demand for electrosurgical devices eventually taking the global electrosurgical devices market forward during the forecast period.

However, stringent regulatory guidelines associated with the approval of the electrosurgical devices, and the scarcity of skilled labor force in the healthcare market will also restrain the growth of the electrosurgical devices market.

Electrosurgical Devices Market Segment Analysis:

Electrosurgical devices market by Product (Electrosurgical Generators, Electrosurgical Instruments & Accessories [Electrosurgical Instruments {Monopolar Instruments (Electrosurgical Pencils, Electrosurgical Electrodes, Suction Coagulators, and Others), Bipolar Instruments (Advanced Vessel Sealing Instruments and Bipolar Forceps)} and Electrosurgical Accessories], and Argon and Smoke Management Systems), Application (General Surgery, Orthopedic Surgery, Gynaecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product segment of the electrosurgical devices market, the electrosurgical pencils category under monopolar instrument category of electrosurgical instruments and accessories segment is expected to witness growth during the forecast period from 2024-2030.

This is due to the wide application circle of the electrosurgical pencils. The pencils are used to fulgurate, coagulate, cut or dissect biological tissue by the applying electric current. This property of the surgical pencil can be used to divide the tissue during any surgical procedures.

Moreover, they are used to control bleeding through Radio Frequency Alternating Current (RFAC). The electrosurgical pencils are used in the desiccation process. When the body tissue comes in touch with the electrode, the procedure is known as desiccation which leads to the drying of body cells, thus forming a coagulum. This procedure is helpful in controlling the excess blood loss during any surgery.

Also, the electrosurgical pencils are also available with either button or rocker switch controls to accommodate the surgeon’s preference. These switches have a high level of tactile feedback from which surgeons can hear and feel the switch engage, and can help in preventing accidental activation of the device. This feature improved the performance of devices during the surgical procedure, thereby increasing the demand of the electrosurgical pencils.

Furthermore, the new product launch, in the market, will also propel the overall market growth of the electrosurgical pencils. For instance, in June 2020, Modern Medical Equipment Manufacturing LTD., announced the approval for it’s single-use electrosurgical pencil with non-coated and non-stick electrode.

Henceforth, all the above-mentioned factors will pay towards the overall market growth of the electrosurgical pencils in surgical energy instruments/electrosurgical devices market.

North America is expected to dominate the overall Electrosurgical Devices Market:

Among all the regions, North America is expected to dominate the market in the year 2023 and is estimated to grow at a CAGR of 6.51% during the forecast period from 2024-2030 to reach USD 5,363.75 by 2030. This domination can be primarily attributed to the increasing prevalence of chronic disorders, rising number of cosmetic surgeries, increasing research and developmental activities in the region, and others.

The North America electrosurgical devices market is witnessing an upward trend due to the increasing prevalence of chronic disorders, an upsurge in the number of cosmetic surgeries, cardiovascular surgeries, and cesarean operations, along with increased product launches and approvals in the region. As per the data published by the Centers for Disease Control and Prevention (CDC) (2023), one person dies every 36 seconds in the United States from cardiovascular disease. According to the same source, it was estimated that in the year 2021 about 659,000 people in the United States died from heart disease, accounting for one in every four deaths. Most cardiovascular disorders treated with surgical procedures involve the application of electrosurgical devices, leading to increased demand for electrosurgical devices market in the region.

Also, as per reports from the Canadian Institute of Health Information (2023), 2.7 million hospitalizations occurred in Canada due to cesarean operations, and cardiovascular operations, among others during the year 2020-2021.

Moreover, product development activities in the North America region are also expected to bolster the demand for surgical energy devices and electrosurgical devices during the forecast period. For instance, in October 2019, Apyx Medical Corporation, an advanced energy technology company, received U.S. Food and Drug Administration (FDA) 510(k) clearance to market and sell the Apyx Plasma/RF Handpiece. The Apyx Plasma/RF Handpiece is an electrosurgical device used in conjunction with compatible generators for cutting, coagulation, and ablation of soft tissue. Hence, the increasing patient pool associated with the requirement of surgical procedures for treatment in the region may result in the growing demand for electro surgery, which in turn will boost the demand for electrosurgery devices.

Therefore, all the factors mentioned above would collectively contribute to the growth of the North America electrosurgery devices market during the given forecast period.

Electrosurgical Devices Market Companies

Some of the key players operating in the electrosurgery devices market include Medtronic, Olympus, CONMED Corporation, Symmetry Surgical Inc., Applied Medical Resources Corporation, ERBE GmbH, Kirwan Surgical Products, LLC, CIMPMAX, Johnson & Johnson, Boston Scientific Corporation, Bissinger Medizintechnik, Surgical Holdings, Parkell Inc., Utah Medical Products Inc., Novuson, Apyx Medical Corporation, B. Braun Melsungen AG, Hangzhou AGS Medtech Co., Ltd, KLS Martin Group, Smith & Nephew, and others.

Recent Developmental Activities in Electrosurgical Devices Market:

• In April 2022, Italy-based medical device company I-VASC announced the launch of the VELEX device that can be used for the treatment of Venous Insufficiency and Empty Vein Ablation and provides more safety during surgeries in comparison to conventional sclerotherapy.
• In September 2019, Baylis Medical launched VersaCross® Large Access Solution in Canada, for performing Left Atrial Appendage Closure (LAAC) procedures. VersaCross includes the world's first 3-in-1 radiofrequency (RF) with a seamless shapeable dilator for optimizing tissue dilation.
• In April 2019, 4T Medical announced the launch of Zeus, a portable electrosurgical device in the United Kingdom, offering control over frequency and power systems, enabling the treatment to be tailored as per the patient’s age and skin type.

Report Metrics	Details
Study Period	2020 to 2030
Base Year	2022
Forecast Period	2024 to 2030
CAGR	6.64%
Market Size	USD 8,520.99 million in 2021
Key Companies	Medtronic, Olympus, CONMED Corporation, Symmetry Surgical Inc., Applied Medical Resources Corporation, ERBE GmbH, Kirwan Surgical Products, LLC, CIMPMAX, Johnson & Johnson, Boston Scientific Corporation, Bissinger Medizintechnik, Surgical Holdings, Parkell Inc., Utah Medical Products Inc., Novuson, Apyx Medical Corporation, B. Braun Melsungen AG, Hangzhou AGS Medtech Co., Ltd, KLS Martin Group, Smith & Nephew

Key Takeaways from the Electrosurgical Devices Market Report Study

• Market size analysis for current electrosurgical devices market size (2023), and market forecast for 5 years (2024-2030)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the electrosurgical devices market.
• Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
• Key companies dominating the global electrosurgical devices market.
• Various opportunities available for the other competitors in the electrosurgical devices market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030.
• Which are the top-performing regions and countries in the current electrosurgical devices market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for electrosurgical devices market growth in the coming future?

Target Audience who can be benefited from this Electrosurgical Devices Market Report Study

• Electrosurgical devices products providers
• Research organizations and consulting companies
• Electrosurgical device-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in electrosurgical devices and electrosurgical devices
• Various End-users who want to know more about the electrosurgical devices market and the latest technological developments in the electrosurgical devices market.