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The global vessel sealing devices market size stood at a value of around USD 1.63 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.60% to reach USD 3.17 billion by 2032.
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Vessel sealing instruments are gaining traction in laparoscopic surgeries owing to their reliable sealing of vessels up to 7 mm diameter. They also facilitate precise heat control along with low lateral thermal spread, and low risk of electric current with reduced capacitive coupling.
Over the forecast period, the growing need for faster sealing of vessels along with enhanced safety requirements for the geriatric patients is driving the growth of this segment. There are growing R&D activities by major medical instrument manufacturers aimed towards developing vessel sealing instruments with high clinical reliability along with the incorporation of technologies. These developments which bolster the speed and efficiency of the product are anticipated to provide impetus to this segment in the coming years.
The vessel sealing devices market in the North America region is being positively influenced by advanced healthcare infrastructure in the United States and Canada. Other contributing factors are increasing inclination of laparoscopic surgeons in the region to perform minimally invasive surgeries, and rising health awareness.
There are increasing R&D activities by medical technology firms aimed towards the development and manufacturing of advanced energy vessel sealing and dissection tools for surgical gynaecologists in both laparoscopic and open surgical procedures. This is likely to provide impetus to the market in the coming years. The rapid development and advancements of the hospitals and specialty clinics in the region owing to the increasing healthcare expenditure is also anticipated to spearhead the demand for vessel sealing devices.
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The devices which are used in the laparoscopic surgery to seal blood vessels, by denaturing the collagen and elastin in the wall, are defined as vessel sealing devices. Using these devices, the surgeons can shorten the time of liver transection and reduce the amount of blood loss during surgeries.
Based on product, the vessel sealing devices market can be segmented into:
The market can be broadly categorised based on end-use into:
The bifurcation of market, on the basis of application, includes:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising demand for vessel sealing devices in general and laparoscopic surgeries is driving the market growth. The increasing rate of hospitalisation owing to the rising cases of chronic diseases caused by the sedentary lifestyles led by the working-class population is propelling the demand for vessel sealing devices.
Over the forecast period, the rising cases of cancer, and various autoimmune disorders are likely to increase the frequency of biopsies in hospitals and ambulatory surgical centers. This factor is anticipated to boost the demand for vessel sealing devices in healthcare units.
Moreover, the increasing geriatric population, along with the rising cases of chronic illnesses associated with it, is likely to propel the requirement for vessel sealing devices in order to perform surgeries with high precision and greater efficiency. Furthermore, the market is anticipated to be augmented by the increasing inclination of patients towards minimal invasive surgical treatments in the forecast period.
The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market size attained a valuation of around USD 1.63 billion.
At a global level, the market is projected to grow at an approximate CAGR of 7.60% between the forecast period of 2024 and 2032.
The market is expected to witness consistent and healthy growth in the forecast period of 2024-2032, reaching an estimated value of USD 3.17 billion by 2032.
The key drivers for the industry at a global level are growing healthcare infrastructure, increase in minimally invasive surgeries, rising R&D activities, and preference of surgeons for high precision vessel sealing devices.
The advantages offered by vessel sealing devices have resulted in several trends affecting the market, including increase in demand from general and laparoscopic surgeries, growing geriatric populations, and preference of patients towards minimally invasive surgeries.
According to the EMR report, the major regional markets for vessel sealing devices are North America, Latin America, Asia Pacific, Europe, Africa, and the Middle East.
The primary segments of vessel sealing devices based on product are instruments, generators, and accessories.
The leading end-users in the market for vessel sealing are hospitals and speciality clinics, and ambulatory surgical centers.
The market is bifurcated into general surgery and laparoscopic surgery.
The major players in the industry are Olympus Corporation, Medtronic PLC, B Braun Melsungen AG, Erbe Medical India Pvt. Ltd, and Ethicon US LLC (Johnson & Johnson) among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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