The global monopolar electrosurgery instrument market size is expected to reach USD 3.0 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2027. monopolar electrosurgery instrument are majorly used in gynecology and urology procedures to precisely cut and extract tissues. The devices are most commonly used in Laparoscopic Ovarian Drilling (LOD) procedures to manage Polycystic Ovary Syndrome (PCOS). According to the Centers for Disease Control and Prevention (CDC), PCOS is among the major cause of female infertility, affecting 6 - 12% or 5 million U.S. women between the 18-45 age group.
Frequent product launch, increasing prevalence of chronic conditions, and growing preference for minimally invasive procedures have augmented the demand for monopolar electrosurgery devices. For instance, in September 2019, Ethicon, a Johnson and Johnson subsidiary launched a MEGADYNE MEGA SOFT universal plus reusable patient return electrode. The dispersal electrode eliminates adhesive-related injuries and is eco-friendly.
The market is highly fragmented with presence of large number of local manufacturers in developing regions. These companies offer technologically advanced products at competitive prices. Local manufacturing helps in keeping the final product prices minimum. Major market players are focusing to set manufacturing units in Asian countries such as China and India.
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North America accounted for the largest revenue share in 2020 owing to the factors such aspresence of key players, increasing prevalence of chronic diseases, and the presence of trained professionals
By type, the generators segment is expected to register the highest CAGR during the forecast period owing to the high surgical efficacy offered by the device
By application, the cardiovascular segment is expected to register the highest CAGR during the forecast period owing to the increasing prevalence of the condition due to changing lifestyle and geriatric population
By end use, the hospital segment accounted for the largest market share owing to the increasing adoption of advanced devicesand growing preference for minimally invasive procedures
Grand View Research has segmented the global monopolar electrosurgery instrument market based on type, application, end use, and region.
Monopolar Electrosurgery Instrument Type Outlook (Revenue, USD Million, 2016 - 2027)
Hand Instrument
Generator
Dispersive electrodes
Accessories
Monopolar Electrosurgery Instrument Application Outlook (Revenue, USD Million, 2016 - 2027)
General surgery
Neurosurgery
Cardiovascular surgery
Others
Monopolar Electrosurgery Instrument End-use Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Specialty clinics
Ambulatory Surgical centers
Monopolar Electrosurgery Instrument Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
South Korea
Australia
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players of Monopolar Electrosurgery Instrument Market
Conmed
Olympus Corporation
Medtronic Plc
KLS Martin
B. Braun Melsungen AG
Stryker
Apyx Medical Corporation
Johnson & Johnson
Integra LifeSciences
Stingray Surgical Products, LLC
Surgical Holdings
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