Global Electrosurgery Market Report and Forecast 2024-2032

Global Electrosurgery Market Outlook

The global electrosurgery market size was valued at USD 6.65 billion in 2023, driven by the increased commercialisation of product. The market is expected to grow at a CAGR of 5.5% during the forecast period 2024-2032 to attain a value of USD 10.76 billion by 2032.

Rising Demand for Electrosurgical Instruments to Bolster the Growth of the Electrosurgery Industry

Based on product, electrosurgical instruments account for a significant share in the market and are likely to witness an increased demand in the forecast period. Electrosurgical instruments are crucial in medical apparatus owing to a significant use of bipolar scissors, diathermy leads and bipolar leads, and diathermy quivers, among others. These instruments are utilised in various surgical disciplines such as gynaecology, ENT, urological, and orthopaedic procedures.

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For instance, diathermy and bipolar forceps are used for coagulating tissues by means of an electric current. Over the forecast period, the availability of a range of diathermy tools and their rising utility in performing a number of surgical procedures is likely to drive the growth of the segment.

North America Accounts for a Significant Share in the Market

The electrosurgery industry in North America is driven by the growing inclination towards minimally invasive surgeries, owing to their benefits like smaller incisions, less scarring, increased accuracy, decreased risk of complications, and shorter recovery period, among others. The market is expected to grow in the forecast period due to the increasing cases of cardiovascular and neurological disorders in the region. Additionally, the market is expected to be aided by the increasing investments in the development of healthcare infrastructure, especially in countries like the United States and Canada.

Electrosurgery: Market Segmentation

Electrosurgery is defined as a type of surgery that utilises high frequency electric current to heat and cut tissues with great precision. Electrosurgery can also be defined as a technique to provide superficial or deep coagulation while cutting skin. In this process, electricity gets converted into heat, as the skin is a poor conductor of electricity.

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Based on product, the market is segmented into:

• Electrosurgical Instruments
• Electrosurgical Generators
• Electrosurgical Accessories   
• Argon and Smoke Management Systems

Among these, the electrosurgical instruments segment is further bifurcated based on type into bipolar instruments and monopolar instruments.

The major types of surgeries in the market include:

• General Surgery
• Gynaecology Surgery
• Orthopaedic Surgery
• Cardiovascular Surgery
• Oncological Surgery 
• Cosmetic Surgery 
• Urological Surgery 
• Neurological Surgery
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

An Increase in the Number of Surgical Procedures Including Gynaecological and Cosmetic Surgeries to Boost the Electrosurgery Industry Growth

The global electrosurgery industry is driven by an increase in the number of surgical procedures being conducted globally. The rising prevalence of lifestyle related diseases, including urological and neurological disorders, and the growing cases of accidents are some of the factors that are likely to propel the demand for surgeries in the forecast period, thus, aiding the market. Furthermore, the rapid development of hospitals, ambulatory surgical centres, and clinics is anticipated to boost the electrosurgery industry growth in the forecast period.

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Key Industry Players in the Global Electrosurgery Market

The report gives a detailed analysis of the following key players in the global electrosurgery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Medtronic Plc
• Olympus Corporation
• B. Braun Melsungen AG
• Conmed Corporation
• Apyx Medical Corporation
• BOWA-electronic GmbH & Co. KG
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report