Electrosurgical Devices Market Report

Electrosurgical Devices Market Analysis By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes, Other Accessories), And Segment Forecasts, 2014 - 2025

Published: February 2017  |  80 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-407-9

Industry Insights

The global electrosurgical devices market size was valued at USD 4.46 billion in 2015. Growing demand for minimally invasive surgeries and increasing adoption of technologically advanced products are driving market growth. Growing awareness regarding 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 use of electrosurgical devices is anticipated to witness significant growth over the forecast period.

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

China Electrosurgical Devices Market

Method Insights

Based on methods, the market is segmented into monopolar and bipolar devices. 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 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 pacemakers. 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 active electrode segment. Active electrodes are an integral part of electrosurgical procedures. A wide range of these electrodes is available and are used based on certain variables, such as surgery objective and tissue types involved. Thus, active electrode segment captured the largest share in 2015 and is expected to maintain it throughout the forecast period.

Growth of dispersive electrodes segment is anticipated 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)

Global Electrosurgical Devices Market

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 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 Asia Pacific region. Hence, Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Competitive Outlook

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 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

U.S., Canada, UK, Germany, India, China, Brazil, Mexico, South Africa

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

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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 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

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