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Electrosurgical Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 118 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5713501
This report on global electrosurgical devices market studies various products and applications. The main need arises as it is technological advanced than the conventional surgical methods. Chronic disease are on a rise worldwide and so increasing the need for minimally invasive surgeries to be performed within short duration. Electrosurgical devices renders safe and cost effective surgeries, with early recovery period and less chances of infection after the surgery.

For the purpose of this study, the various product types studied include (electrosurgical generators, electrosurgical instrument and accessories, argon and smoke management system).

The geographic segmentation of the global electrosurgical devices market is performed for the regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa markets. The regions are also further sub-segmented on the basis of major countries.

Factors such as minimally invasive procedures, technological advancement in surgical procedures and diverse application to perform surgeries promotes the demand for the electrosurgical devices market. Electrosurgical instrument and accessories holds the largest market due to technical innovations, new product launches and increasing use of disposable accessories. Electrosurgical generators are anticipated to register faster growth as it is suitable for both bipolar and monopolar electrodes, supplies current in surgeries performed in liquid state and self-controlled by innovative operating software. Overall, the global electrosurgical devices market is highly competitive with presence of multiple players like Olympus Corporation, Covidien Plc. (Medtronic), Bovie Medical Corporation, B.Braun Melsungen AG etc. specializing in respective fields. Consolidation activities are being increasingly witnessed on the competitive front with a view to increase the technological advancement in the electrosurgical devices and related software for safer and quick surgeries performed at low cost.

According to American Heart Association approximately 17.3 million people died due to cardiovascular disease and this number is expected to reach 23.6 million by 2030. Cardiovascular surgery dominated the application segment due to rise in cardiovascular complications, in spite of optimal pharmacological and interventional therapies still there is need for angioplasty, rising public awareness and early disease related diagnosis, stressful lifestyle etc. Cosmetic surgery will be the fastest growing market due to rise in public awareness regarding skin complications, high disposable income which propels the need for social wellbeing and demand for attractive personality.

North America was observed as the largest market for electrosurgical devices in the base year 2021. According to American Association of Retried Person (AARP) more than 70 million of Americans aged 50 and older suffer from at least one chronic disease which requires surgery. The growth is attributed mainly due to high public awareness and early disease diagnosis, evolved reimbursement scenario and technological advancement in production process of the electrosurgical devices and software. According to the European Society of Intensive Care Medicine, 4 out of 100 people undergo surgical procedures every year. Europe is expected to be the second largest market due to increasing number of surgeries, high awareness related to early diagnosis, and government & non-government organizations initiatives to strengthen healthcare infrastructure, and supportive reimbursement policies. Growth of Asia Pacific for electrosurgical market is attributed by factors such as rising prevalence of chronic disease that require surgical treatment, flourishing medical tourism and higher disposable income is assisting the growth in healthcare expenditure in these regions. However, factors such as developing health infrastructure, increasing awareness and demand for minimally invasive surgeries are going to fuel the rapid growth of electrosurgical devices market in Latin America and Middle East and Africa region in the near future.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electrosurgical Devices market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Electrosurgical Devices market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

  • Electrosurgical generators
  • Electrosurgical instrument and accessories
  • Argon and smoke management System

Application

  • Cardiovascular surgery
  • Oncology surgery
  • Orthopedic surgery
  • Cosmetic surgery
  • Neurology surgery

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Electrosurgical Devices market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Electrosurgical Devices market?
  • Which is the largest regional market for Electrosurgical Devices market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Electrosurgical Devices market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Electrosurgical Devices market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Electrosurgical Devices Market
2.2. Global Electrosurgical Devices Market, By Product, 2021 (US$ Million)
2.3. Global Electrosurgical Devices Market, By Application, 2021 (US$ Million)
2.4. Global Electrosurgical Devices Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021

3. Electrosurgical Devices Market: Competitive Analysis
3.1. Market Positioning of Key Electrosurgical Devices Market Vendors
3.2. Strategies Adopted by Electrosurgical Devices Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. Electrosurgical Devices Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Electrosurgical Devices Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Electrosurgical generators
5.3.2. Electrosurgical instrument and accessories
5.3.3. Argon and smoke management System

6. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Cardiovascular surgery
6.3.2. Oncology surgery
6.3.3. Orthopedic surgery
6.3.4. Cosmetic surgery
6.3.5. Neurology surgery

7. North America Electrosurgical Devices Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
7.3. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
7.4.Electrosurgical Devices Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)

8. UK and European Union Electrosurgical Devices Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.3. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.Electrosurgical Devices Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)

9. Asia Pacific Electrosurgical Devices Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.3. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.Electrosurgical Devices Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)

10. Latin America Electrosurgical Devices Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
10.3. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
10.4.Electrosurgical Devices Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)

11. Middle East and Africa Electrosurgical Devices Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
11.3. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
11.4.Electrosurgical Devices Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Electrosurgical Devices Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. Electrosurgical Devices Market: By Application, 2020-2030, USD (Million)

12. Company Profile
12.1. Olympus Corporation
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Covidien Plc (Medtronic)
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Bovie Medical Corporation
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. B. Braun Melsungen AG
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. ATMOS, Inc.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Ethicon, Inc.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Boston Scientific Corporation
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Erbe Elektromedizin GmbH
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Johnson and Johnson
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Stryker Corporation
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives

List of Figures
Figure 1 Global Electrosurgical Devices Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Electrosurgical Devices Market: Quality Assurance
Figure 5 Global Electrosurgical Devices Market, By Product, 2021
Figure 6 Global Electrosurgical Devices Market, By Application, 2021
Figure 7 Global Electrosurgical Devices Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Electrosurgical Devices Market, 2021
Figure 9 Market Positioning of Key Electrosurgical Devices Market Players, 2021
Figure 10 Global Electrosurgical Devices Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Electrosurgical Devices Market, By Product, 2021 Vs 2030, %
Figure 12 Global Electrosurgical Devices Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 14 Canada Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 16 UK Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 17 Germany Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 18 Spain Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 19 Italy Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 20 France Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 22 China Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 23 Japan Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 24 India Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 25 Australia Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 26 South Korea Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 28 Brazil Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 29 Mexico Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 31 GCC Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 32 Africa Electrosurgical Devices Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Electrosurgical Devices Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 2 Global Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 3 North America Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 4 North America Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 6 U.S. Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 7 Canada Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 8 Canada Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 13 UK Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 14 UK Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 15 Germany Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 16 Germany Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 17 Spain Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 18 Spain Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 19 Italy Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 20 Italy Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 21 France Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 22 France Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 25 Asia Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 26 Asia Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 27 China Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 28 China Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 29 Japan Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 30 Japan Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 31 India Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 32 India Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 33 Australia Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 34 Australia Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 36 South Korea Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 38 Latin America Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 40 Brazil Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 42 Mexico Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 47 GCC Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 48 GCC Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 49 Africa Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 50 Africa Electrosurgical Devices Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Electrosurgical Devices Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Electrosurgical Devices Market By Application, 2020-2030, USD (Million)

Companies Mentioned

  • Olympus Corporation
  • Covidien Plc (Medtronic)
  • Bovie Medical Corporation
  • B. Braun Melsungen AG
  • ATMOS Inc.
  • Ethicon Inc.
  • Boston Scientific Corporation
  • Erbe Elektromedizin GmbH
  • Johnson and Johnson
  • Stryker Corporation