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Electrosurgery - Global Market Trajectory & Analytics

  • ID: 4804310
  • Report
  • February 2022
  • Region: Global
  • 398 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • B. Braun Melsungen AG
  • CONMED Corporation
  • Erbe Elektromedizin GmbH
  • Ethicon US, LLC
  • Medtronic Plc
  • Olympus Corporation

Global Electrosurgery Market to Reach $5.7 Billion by 2027


Amid the COVID-19 crisis, the global market for Electrosurgery estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$5.7 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Generators, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Argon & Smoke Management Systems segment is readjusted to a revised 3.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 4.4% CAGR


The Electrosurgery market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$604 Million by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Instruments & Accessories Segment to Record 3.9% CAGR


In the global Instruments & Accessories segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$413.3 Million by the year 2027.

Select Competitors (Total 94 Featured) -

  • Applied Medical Resources Corporation
  • ATMOS MedizinTechnik GmbH & Co. KG
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Bowa-Electronic GmbH & Co. KG
  • CONMED Corporation
  • Erbe Elektromedizin GmbH
  • Ethicon US, LLC
  • Medtronic Plc
  • Olympus Corporation
  • Smith & Nephew, Plc
  • Symmetry Surgical, Inc.
Frequently Asked Questions about the Global Market for Electrosurgery

What is the estimated value of the Global Market for Electrosurgery?

The Global Market for Electrosurgery was estimated to be valued at $4.5 Billion in 2020.

What is the growth rate of the Global Market for Electrosurgery?

The growth rate of the Global Market for Electrosurgery is 3.4%, with an estimated value of $5.7 Billion by 2027.

What is the forecasted size of the Global Market for Electrosurgery?

The Global Market for Electrosurgery is estimated to be worth $5.7 Billion by 2027.

Who are the key companies in the Global Market for Electrosurgery?

Key companies in the Global Market for Electrosurgery include Applied Medical Resources Corporation, ATMOS MedizinTechnik GmbH & Co. KG, B. Braun Melsungen AG, Boston Scientific Corporation, Bowa, Electronic GmbH & Co. KG, CONMED Corporation, Erbe Elektromedizin GmbH and Medtronic Plc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • B. Braun Melsungen AG
  • CONMED Corporation
  • Erbe Elektromedizin GmbH
  • Ethicon US, LLC
  • Medtronic Plc
  • Olympus Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • The Promise of Faster, Non-Toxic, Low Cost Surgeries Continues to Fuel Growth in the Global Electrosurgery Market
  • Electrosurgical Market Led by Instruments & Accessories
  • General Surgeries: The Largest Segment in the Electrosurgery Market
  • Developed Regions Lead, Asian Economies to Spearhead Future Growth in Electrosurgery Market
  • Competition
  • Global Electrosurgical Devices Market: Percentage Breakdown of Value Sales by Leading Players for 2019E
  • Electrosurgery – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Shift towards Minimally Invasive Surgeries Drives Demand for Electrosurgery Devices
  • Increasing Prevalence of Chronic Disorders Fuels Market Growth
  • Age-Related Health Implications Necessitate Surgical Interventions, Fuel Demand for Electrosurgical Devices
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Life Expectancy at Birth for Select Countries in Number of Years
  • Technology Advancements Boost Growth Prospects
  • Monopolar Electrosurgery Market: Rising Demand for Disposable Low Volume, High Value Products Spurs Growth
  • Global Monopolar Electrosurgical Instruments Market Share Breakdown by Type for 2019
  • Bipolar Electrosurgical Devices Market Benefits from the Steady Shift towards Minimally Invasive Surgeries
  • Electrosurgical Generators Market: An Overview
  • Innovations in Electrosurgical Generators
  • Digital Electrosurgical Generators Enhance Effectiveness of Surgeries
  • Rapid Increase in Electrosurgery Procedures Fuels Demand for Electrosurgery Accessories
  • Global Surgical Procedure Volume by Procedure Type (2018)
  • Increasing Acceptance of Aesthetic Procedures Spurs Use of Electrosurgery Devices
  • Global Cosmetic Surgery Market: Breakdown of Number of Cosmetic Surgical Procedures in Select Countries for 2017
  • World’s Top Eight Countries for Cosmetic Surgical Procedures: 2017
  • Rising Use of Electrosurgery Technique in Dermatological Surgery Augurs Well for Electrosurgery Device market
  • Electrosurgical Products for Argon Plasma Coagulation: Benefiting from Enhanced Performance Efficiency
  • Select Applications of Argon Plasma Coagulation by Treatment Discipline
  • Advancements in Argon Enhancement Systems
  • Applications of Electrosurgical Devices in Gynecologic Procedures
  • Risk of Burns with Electrosurgery Devices: A Major Issue
  • Surgical Smoke from Electrosurgical Tools (ESTs): Adverse Impact on Quality of Work Environment
  • ELECTROSURGERY: AN INTRODUCTION
  • Types of Electrosurgical Electrode Configurations
  • History of Electrosurgery
  • Key Electrosurgical Waveforms and Modalities
  • Electrosurgery Delivery Techniques
  • Electrosurgical Generator or Electrosurgical Unit (ESU)

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Electrosurgery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 94
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Applied Medical Resources Corporation
  • ATMOS MedizinTechnik GmbH & Co. KG
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Bowa-Electronic GmbH & Co. KG
  • CONMED Corporation
  • Erbe Elektromedizin GmbH
  • Ethicon US, LLC
  • Medtronic Plc
  • Olympus Corporation
  • Smith & Nephew, Plc
  • Symmetry Surgical, Inc.
Note: Product cover images may vary from those shown