Global Electrosurgical Devices Market Report and Forecast 2024-2032

Global Electrosurgical Devices Market Outlook

The global electrosurgical devices market value in 2023 was USD 5.60 billion and is anticipated to grow at a CAGR of 5.7% during the forecast period of 2024-2032 driven by the advancements in electrosurgical technologies across the globe. The global electrosurgical devices market share is anticipated to achieve a value of USD 9.23 billion by 2032.

General Surgery to Account for a Substantial Market Share of the Global Electrosurgical Devices Industry

Based on application, the general surgery segment is expected to witness a healthy growth in the forecast period. General surgery is a surgical specialisation that focuses on the oesophagus, stomach, small and large intestines, liver, pancreas, gallbladder, appendix, bile ducts, thyroid gland, and many more.

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These surgical procedures deal with skin, soft tissues, peripheral artery diseases, and endoscopic procedures, among others. In recent years, the demand for electrosurgical devices for general surgery has increased significantly. This can be attributed to their ability to dissect the tissue precisely, thus, becoming a versatile option for complex surgeries on structures with a high vascularity. These factors are expected to significantly contribute to the growth of the segment.

North America to Provide Significant Growth Opportunities to the Global Electrosurgical Devices Industry

Geographically, North America accounts for a significant share in the industry owing to the increased investments in advanced devices and surgical equipment. The technological developments, a higher success rate, and newer applications based on the product usage in various surgical procedures are aiding the market growth. Due to their ease of use, enhanced surgical results, and increased treatment quality, such technologically advanced goods are in high demand among medical practitioners. The United States is one of the largest global manufacturers of electrosurgical devices and a leading global exporter. As a result, during the forecast period, the electrosurgical devices industry in North America is likely to see steady growth.

Electrosurgical Devices: Market Segmentation

Electrosurgical devices are surgical devices that operate at high-frequency electrical current and are used to successfully cut, desiccate, and coagulate the tissue. The devices are frequently utilised in healthcare settings and outpatient treatments to prevent blood loss during surgery. It has a number of advantages, including the ability to produce precise incisions with minimal blood loss. Different types of surgical units utilise different sources of energy, such as radio frequency or high-frequency, molecular resonance, and ultrasound, and so these devices can also be called radiofrequency (RF) devices or high-frequency (HF) devices based on the energy source utilised.

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By type, the market is divided into:

• Electrosurgery Generators
• Electrosurgery Instruments and Accessories
• Argon and Smoke Management Systems 
• Others

Based on application, the industry can be segmented into:

• General Surgery 
• Gynaecologic Surgery
• Urologic Surgery 
• Orthopaedic Surgery
• Cardiovascular Surgery
• Cosmetic Surgery
• Neurosurgery
• Others

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

Growing Healthcare Sector and a Wide Range of Benefits of Electrosurgical Devices to Boost the Growth of the Industry

The global market for electrosurgical devices has remarkably expanded owing to the growing healthcare industry and the increasing demand for surgical devices globally. Electrosurgical equipment decrease harm to surrounding tissues since they are extremely accurate. With low voltage chosen for cut modes and high voltage preferred for coagulation of blood as well as minimal blood loss, these devices offer a wide range of specialities, which is driving their demand for general, gynaecologic, cardiovascular, orthopaedic, and other surgeries. Over the forecast period, the growing adoption of electrosurgical devices owing to the rapid technological advancements is expected to significantly contribute to the industry growth.

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Key Industry Players in the Global Electrosurgical Devices Market

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

• B. Braun Melsungen AG 
• Boston Scientific Corporation
• Bovie Medical Corporation 
• BOWA-electronic GmbH and Co. KG
• CONMED Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report