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Electrosurgical Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 4591735
  • Report
  • June 2020
  • Region: Global
  • 117 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • B. Braun Melsungen Ag
  • Bovie Medical
  • Conmed Corporation
  • Covidien Plc
  • Johnson & Johnson
  • Medtronic Plc
  • MORE
The electrosurgical devices are used for surgical cutting or control bleeding by causing coagulation at the surgical site using electric current. The electrosurgical devices market has been witnessing high growth in recent times, especially in developing countries. As the human population increases, the surgical demands are also increasing. Moreover, awareness and increasing demand for minimally invasive surgeries are helping this market grow. Other factors like increasing prevalence of chronic disease, increasing geriatric population and technological advancements in electrosurgical instruments to make them safer and more efficient are also helping the growth of this market.

However, as these devices are advanced, they require professionals that are trained in using these devices. The cost of training has created a shortage of skilled professionals. Thus, this factor is restraining the growth of this market. The stringent regulatory framework is another factor that has dissuaded companies from entering this market, which int turn restrain the market growth.

Key Market Trends

General Surgery segment dominates the market

General surgery is a surgical specialty that focuses on contents under the abdomen and around it including, the esophagus, stomach, small intestines, large intestines, liver, pancreas, gallbladder, appendix and bile ducts.

According to the Journal of the American Medical Association, although the population of the United States(US) is expected to grow by 18% between 2000 and 2020, the workload of general surgeons is expected to increase by 31.5%. Along with this increase in demand, demand for minimally invasive surgeries has also increased.

According to an article published Journal of Minimally Invasive Therapy and Allied Technologies, electrosurgery is used in over 80% of general surgery procedures in the US. The technique allows surgeons to skilfully dissect tissue to achieve rapid hemostasis. Especially in minimally invasive procedures, electrosurgery offers precise hemostatic control during complicated surgeries on structures that are highly vascular in nature.

Owing to these factors this segment is expected to dominate the market in the forecast period.

North America dominates the market

According to the American Heart Association, cardiovascular disease accounted for nearly 836,546 deaths in the United States (US). in 2018. That is about 1 of every 3 deaths in the US. According to the Centers for Disease Control and Prevention, skin cancer is the most common form of cancer in the US. Such disorders have resulted in a burden on the general population. However, the healthcare system of American countries, especially the US and Canada, highly developed with a total expenditure of 17.9% and 11% of GDP respectively according to OECD. These factors have helped North America to be the largest market for electrosurgical devices.

Competitive Landscape

The majority of the electrosurgical devices are being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise in the awareness of such medical devices which are safer and more precise. This has helped the Asia-pacific market grow.

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  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • B. Braun Melsungen Ag
  • Bovie Medical
  • Conmed Corporation
  • Covidien Plc
  • Johnson & Johnson
  • Medtronic Plc
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Chronic Diseases and Geriatric Population
4.2.2 Increasing Demand for Minimally Invasive Procedures
4.2.3 Technological Advancements in Electrosurgical Instruments
4.3 Market Restraints
4.3.1 Lack of Skilled Professional in Surgery
4.3.2 Stringent Regulatory Frameworks
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Electrosurgical Generators
5.1.2 Active Electrodes
5.1.3 Electrosurgical Instruments and Accessories
5.1.3.1 Bipolar Instruments
5.1.3.2 Monopolar Instruments
5.1.3.3 Accessories
5.2 By Application
5.2.1 General Surgery
5.2.2 Orthopedic Surgery
5.2.3 Gynecology Surgery
5.2.4 Cardiovascular Surgery
5.2.5 Cosmetic Surgery
5.2.6 Neurosurgery
5.2.7 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Applied Medical Resources Corporation
6.1.2 B. Braun Melsungen AG
6.1.3 Boston Scientific Corporation
6.1.4 Bovie Medical
6.1.5 Conmed Corporation
6.1.6 Covidien PLC
6.1.7 Johnson & Johnson
6.1.8 Medtronic PLC
6.1.9 Smith & Nephew PLC
6.1.10 Stryker Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Applied Medical Resources Corporation
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Bovie Medical
  • Conmed Corporation
  • Covidien PLC
  • Johnson & Johnson
  • Medtronic PLC
  • Smith & Nephew PLC
  • Stryker Corporation
Note: Product cover images may vary from those shown
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