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Vessel Sealing Devices Market

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    Report

  • 114 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724184
The global vessel sealing devices market size is expected to reach USD 2,906.01 million by 2030, according to a new study. The report “Vessel Sealing Devices Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Service; By End-use; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global increase in instances of vessel sealing devices may be responsible for the market’s optimistic growth potential. The main reasons propelling the market growth are the rise in invasive surgical procedures and technical developments in medical equipment. The market is expanding as a result of the rising demand for trustworthy and efficient solutions during operations to reduce the risk of infection and blood loss as well as the length of the procedure.

The market’s expansion is mostly driven by the rise in laparoscopic procedures performed globally. In contrast to laparoscopic surgery, which employs numerous small incisions of 0.5-1 cm, open surgery, which is traditionally preferred, requires one or two major incisions to enter the target region. In complicated surgeries, laparoscopic surgery is attracting attention. Keyhole surgery sometimes referred to as laparoscopic surgery, has a number of benefits over conventional open surgery.

The usage of vascular sealing devices in laparoscopic procedures is growing because of their benefits, which include little heat spread, quick work, uniform results, and many uses. Another significant aspect fueling market expansion is the booming healthcare sector. In order to increase the quality of healthcare, the healthcare industry needs to be strengthened due to the rising prevalence of infectious and non-communicable diseases.

Additionally, favorable government investment in the healthcare industry is encouraging the use of vessel-sealing devices. Some of the factors promoting the growth of this market include the high prevalence of surgical procedures and the rising desire for minimally invasive surgeries. Some of the reasons influencing the growth of this market are the expanding population, rising income levels, and the increased demand for minimally invasive procedures.

The primary driver fueling the growth of the vascular sealing devices market is the rise in invasive surgical procedures and technical developments in medical equipment. Furthermore, the development of bipolar devices and technological advancements speed up market expansion. The market for vascular sealing devices is anticipated to expand as a result of the rising demand for dependable and efficient surgical treatments to reduce blood loss and infection rates. However, a shortage of expertise and a bad reimbursement environment will limit the market for vessel sealing devices, and high product costs are impeding market expansion. In addition, the market for smart robots will benefit greatly from the growing usage of vascular sealing tools in laparoscopic procedures.

Vessel Sealing Devices Market Report Highlights

  • The laparoscopic industry led the market in 2021, accounting for the largest revenue share. The demand for and use of minimally invasive procedures is growing, and people are becoming more aware of the benefits of laparoscopic versus open surgery. These are the key causes impacting this expansion. In addition, favorable reimbursement regulations for laparoscopic surgeries in the US are expected to boost the market.
  • North America emerged as the largest regional market in 2021 due to the presence of key players and their innovative solutions. The United States and Canada have a sizable number of hospitals with state-of-the-art technology, which accounts for the region’s substantial market share.
  • Europe held the second-largest revenue share of the market in 2022 as a result of an aging population, the prevalence of chronic diseases, and the rise in the number of procedures.
  • The global players include, Medtronic, Bowa Medical, Olympus Corporation, Intuitive Surgical, B. Braun Melsungen AG, Bolder Surgical, LLC Medical Devices Business Services, Inc. (Johnson & Johnson), Erbe Elektromedizin GmbH, OmniGuide Holdings, Inc., KLS Martin Group

The publisher has segmented the Vessel Sealing Devices Market report based on application, and region:

Vessel Sealing Devices, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • General Surgery
  • Laparoscopic Surgery

Vessel Sealing Devices, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Vessel Sealing Devices Market

What is the estimated value of the Vessel Sealing Devices Market?

The Vessel Sealing Devices Market was estimated to be valued at $1511.4 million in 2022.

What is the growth rate of the Vessel Sealing Devices Market?

The growth rate of the Vessel Sealing Devices Market is 8.5%, with an estimated value of $2906.01 million by 2030.

What is the forecasted size of the Vessel Sealing Devices Market?

The Vessel Sealing Devices Market is estimated to be worth $2906.01 million by 2030.

Who are the key companies in the Vessel Sealing Devices Market?

Key companies in the Vessel Sealing Devices Market include Medtronic, Olympus Corporation, B. Braun Melsungen AG, Medical Devices Business Services Inc. (Johnson & Johnson), Erbe Elektromedizin GmbH, Bowa Medical, OmniGuide Holdings Inc., Intuitive Surgical and KLS Martin Group.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Vessel Sealing Devices Market Insights
4.1. Vessel Sealing Devices Market - Industry Snapshot
4.2. Vessel Sealing Devices Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing preference for minimally invasive surgeries
4.2.1.2. Rising Technological advancements
4.2.2. Restraints and Challenges
4.2.2.1. High cost of vessel sealing devices
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. Vessel Sealing Devices Industry trends
4.7. COVID-19 Impact Analysis

5. Global Vessel Sealing Devices Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
5.3. General Surgery
5.3.1. Global Vessel Sealing Devices Market, by General Surgery, by Region, 2018 - 2030 (USD Million)
5.4. Laparoscopic Surgery
5.4.1. Global Vessel Sealing Devices Market, by Laparoscopic Surgery, by Region, 2018 - 2030 (USD Million)

6. Global Vessel Sealing Devices Market, by Geography
6.1. Key findings
6.2. Introduction
6.2.1. Vessel Sealing Devices Market Assessment, By Geography, 2018 - 2030 (USD Million)
6.3. Vessel Sealing Devices Market - North America
6.3.1. North America: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.3.2. Vessel Sealing Devices Market - U.S.
6.3.2.1. U.S.: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.3.3. Vessel Sealing Devices Market - Canada
6.3.3.1. Canada: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4. Vessel Sealing Devices Market - Europe
6.4.1. Europe: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.2. Vessel Sealing Devices Market - UK
6.4.2.1. UK: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.3. Vessel Sealing Devices Market - France
6.4.3.1. France: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.4. Vessel Sealing Devices Market - Germany
6.4.4.1. Germany: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.5. Vessel Sealing Devices Market - Italy
6.4.5.1. Italy: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.6. Vessel Sealing Devices Market - Spain
6.4.6.1. Spain: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.7. Vessel Sealing Devices Market - Netherlands
6.4.7.1. Netherlands: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.4.8. Vessel Sealing Devices Market - Russia
6.4.8.1. Russia: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5. Vessel Sealing Devices Market - Asia Pacific
6.5.1. Asia Pacific: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.2. Vessel Sealing Devices Market - China
6.5.2.1. China: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.3. Vessel Sealing Devices Market - India
6.5.3.1. India: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.4. Vessel Sealing Devices Market - Malaysia
6.5.4.1. Malaysia: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.5. Vessel Sealing Devices Market - Japan
6.5.5.1. Japan: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.6. Vessel Sealing Devices Market - Indonesia
6.5.6.1. Indonesia: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.5.7. Vessel Sealing Devices Market - South Korea
6.5.7.1. South Korea: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.6. Vessel Sealing Devices Market - Middle East & Africa
6.6.1. Middle East & Africa: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.6.2. Vessel Sealing Devices Market - Saudi Arabia
6.6.2.1. Saudi Arabia: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.6.3. Vessel Sealing Devices Market - UAE
6.6.3.1. UAE: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.6.4. Vessel Sealing Devices Market - Israel
6.6.4.1. Israel: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.6.5. Vessel Sealing Devices Market - South Africa
6.6.5.1. South Africa: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.7. Vessel Sealing Devices Market - Latin America
6.7.1. Latin America: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.7.2. Vessel Sealing Devices Market - Mexico
6.7.2.1. Mexico: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.7.3. Vessel Sealing Devices Market - Brazil
6.7.3.1. Brazil: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)
6.7.4. Vessel Sealing Devices Market - Argentina
6.7.4.1. Argentina: Vessel Sealing Devices Market, by Application, 2018 - 2030 (USD Million)

7. Competitive Landscape
7.1. Expansion and Acquisition Analysis
7.1.1. Expansion
7.1.2. Acquisitions
7.2. Partnerships/Collaborations/Agreements/Exhibitions

8. Company Profiles
8.1. Medtronic
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Recent Development
8.2. Olympus Corporation
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Recent Development
8.3. B. Braun Melsungen AG
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Recent Development
8.4. Medical Devices Business Services, Inc. (Johnson & Johnson)
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Recent Development
8.5. Erbe Elektromedizin GmbH
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Recent Development
8.6. Bowa Medical
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Recent Development
8.7. OmniGuide Holdings, Inc
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Recent Development
8.8. Intuitive Surgical
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Recent Development
8.9. Bolder Surgical, LLC
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Recent Development
8.10. KLS Martin Group
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Recent Development

Companies Mentioned

  • Medtronic
  • Olympus Corporation
  • B. Braun Melsungen AG
  • Medical Devices Business Services Inc. (Johnson & Johnson)
  • Erbe Elektromedizin GmbH
  • Bowa Medical
  • OmniGuide Holdings Inc.
  • Intuitive Surgical
  • Bolder Surgical LLC
  • KLS Martin Group