Electrosurgical Devices Market Size, Share & Trends Analysis Report By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes), By Region, And Segment Forecasts, 2024 - 2030

Electrosurgical Devices Market Size & Trends

“2030 global electrosurgical devices market value to reach USD 8.51 billion”

The global electrosurgical devices market size was valued at USD 6.64 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. Market growth is being fueled by the increase in chronic diseases and the aging population. For instance, according to the British Heart Foundation (BHF) May 2024, the number of people on heart care waiting lists in England increased to 414,596 by the end of March 2024, a rise of 6,048 from the month before. The number of people experiencing non-fatal injuries globally, potentially resulting in disability, is estimated to be between 20 and 50 million by the WHO. As a result of this growing incident of accidents and injuries, there is expected to be an increase in the need for surgical devices.

In addition, with the elderly being more susceptible to chronic conditions such as heart disease, arthritis, and neurological issues, the rising number of older individuals is anticipated to influence the market. For instance as per the 2022 World Population Prospects, by 2050, it is estimated that the global population aged 65 and above will be double the population of children under 5 and nearly equal to the number of children under 12. Therefore, the increasing number of elderly people is likely to increase demand for electrosurgical devices, which is expected to drive the market.

Furthermore the increasing number of conditions like heart disease, gynecological issues, urological problems, and aging is creating a need for electrosurgery devices in the market. Additionally, the rising popularity of cosmetic surgeries is driving the market of electrosurgery devices such as fine needle electrode, wire loop electrode of different sizes, ball electrode and desiccation-fulguration needle electrode. Recent introductions of various innovations aim to reduce complication rates and improve accuracy in the use of monopolar electrosurgical devices.

Method Insights &Trends

Bipolar method accounted for the largest market revenue share in 2023. This is attributable to the growing benefits of bipolar technology, especially in minimally invasive surgery, make it a significant catalyst for growth in the electrosurgical device market. Bipolar technology directs the current flow between two closely positioned electrodes towards the specific tissue. This reduces harm to nearby healthy tissue, leading to decreased risk of complications such as bleeding and burns, ultimately providing patient safety during surgical procedures.

The bipolar method is expected to register the fastest CAGR during the forecast period. Manufacturers are continuously developing bipolar technology for safer and more efficient procedures by enhancing power delivery control and improving functionality for better use during surgery.

Product Insights &Trends

Active electrodes accounted for the largest market revenue share in 2023 as they are used directly on the patient's tissue during surgery, unlike electrosurgical generators or handpieces. They provide the electrical power needed for cutting, coagulation, or ablation, making them an essential part of every electrosurgical procedure. Active electrodes are typically used for one-time and are often disposable. This guarantees cleanliness and top-notch results in surgery, but also requires regular replacements.

Active electrodes is expected to register the fastest CAGR of during the forecast period, supported by increasing surgical volumes, technological advancements, and surgeon’s preference. In comparison to generator or handpiece components, active electrodes are usually more cost-effective. The fact that they are affordability allows for easy replacement, in addition to that, the growing trend towards minimally invasive surgery and a rise in global surgical procedures contribute to a larger market for active electrodes, which are an essential and commonly used part.

Regional Insights & Trends

North America electrosurgical devices market dominated with a market share of 43.9% in 2023. Having access to advanced medical facilities, hospitals, and surgical centers encourages the utilization of surgical equipment. For instance, as per a report by World Health Organization (WHO), North America had a high concentration of hospital beds, averaging 5.9 beds per 1,000 people. This demonstrates the area's long-standing healthcare system, offering opportunities for utilizing electrosurgical devices market.

U.S. Global Electrosurgical Devices Market Trends

The electrosurgical devices in the U.S. dominated the North America market in 2023. With the increasing elderly population, it is anticipated that there will be a higher need for surgeries. Additionally, government efforts to enhance healthcare facilities are expected to have a favorable impact on the market.

Europe Global Electrosurgical Devices Market Trends

Europe electrosurgical devices market was identified as a lucrative region in 2023. Owing to the investment in the healthcare industry. Moreover, the increase in ambulatory surgical centers contributes to overall market growth.

The UK electrosurgical devices market is expected to grow rapidly in the coming years due to increasing surgeries, injuries, and accidents, thereby leading to the increasing demand for minimally invasive devices.

Asia Pacific Electrosurgical Devices Market Trends

Asia Pacific electrosurgical devices market is anticipated to witness significant growth in the coming years. The demand for healthcare services, such as surgical procedures, in the Asia Pacific region is high due to the increasing population. With a growing healthcare demand, there is a necessity for enhanced availability of medical treatments in the region. Electrosurgery effectively fulfils the demand by offering minimally invasive solutions for various surgical needs, showcasing its versatility and precision.

India electrosurgical devices market is expected to grow rapidly in the coming years. The growth of the India electrosurgical devices market is driven the rise in medical tourism, increasing research and development efforts, and the adoption of inorganic growth strategies by key market players.

China electrosurgical devices market held a substantial market share in 2023. The Chinese government is proactively investing in the expansion and enhancement of healthcare infrastructure in the country. This includes equipping hospitals with advanced medical equipment, including electrosurgical devices.

Key Electrosurgical Devices Company Insights

Some of the key companies in the electrosurgical devices market include B. Braun Melsungen; AG Boston Scientific Corporation; Bovie Medical Corporation; BOWA-electronic GmbH & Co.KG; CONMED Corporation, and others. Companies in the market are focusing on increasing customer base to gain a competitive edge in the industry.

• Medtronic provides a diverse selection of electrosurgical tools, such as generators, electrodes, and accessories, for different surgical requirements.

• BOWA-electronic GmbH & Co.KG offers a wide range of energy-based surgical systems. It offers an extensive selection of high-frequency surgical tools and accessories to meet the needs of modern hospitals and outpatient facilities. 

Recent Developments

• In June 2023, Olympus Corporation announced the launch of ESG-410. It is an electrosurgical generator that is expected to increase the efficiencies in the treatment of benign prostatic hyperplasia (BPH) and non-muscle-invasive bladder cancer (NMIBC) by providing vaporization buttons, needles, band electrodes and resection loops.

• In April 2023, Innoblative Designs announced that it received Breakthrough Device Designation for SIRA RFA Electrosurgical Device (SIRA) from the U.S. FDA. It finds its application in breast cancer patients going through Breast-conserving surgery. 

Electrosurgical Devices Market Report Scope

Global Electrosurgical Devices Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electrosurgical devices market report based on method, product, and region.

• Method Outlook (Revenue, USD Billion, 2018 - 2030)

  • Monopolar

  • Bipolar

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Electrosurgical Generators

  • Active Electrodes

  • Dispersive Electrodes

  • Other Accessories

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • KSA

    • UAE

    • South Africa

    • Kuwait