Electrosurgery Devices Market to reach $8.73 billion - 2030


Posted January 22, 2024 by shitalt

The Electrosurgery Devices Market is projected to reach $8.73 billion by 2030, at a CAGR of 8.1% from 2023 to 2030.

 
The Electrosurgery Devices Market is projected to reach $8.73 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. Electrosurgery is a technique used in surgeries to control bleeding and quickly dissect soft tissues during surgeries. The electromagnetic current generates heat due to the electrical resistance of the soft tissues. The endpoints of electrosurgery vary, depending on the power used, waveform, and surgical technique, resulting in various effects on the target tissue.

Electrosurgery can be defined as a surgical technique that uses high-frequency, alternating currents to generate thermal tissue damage. The heating is done to achieve a specific desired tissue effect like desiccation, tissue ablation, cutting, or a combination of effects. Electrosurgery offers various advantages, such as minimized bleeding, faster tissue ablation or resection, and greater precision with coagulation and cutting settings.

The key players in the market are launching advanced products for wide use in various surgical procedures. For instance, in September 2021, Olympus Corporation (Japan) launched POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider, Double Action, in its POWERSEAL family of bipolar surgical energy products. The product is designed per the surgeons' needs and provides high sealing speed, reliability, and thermal profile, delivering a more precise user experience. Additionally, in September 2021, Bolder Surgical, a subsidiary of Hologic, Inc. (U.S.), launched its CoolSeal Vessel Sealing platform, which provides more precision for minimally invasive procedures in adult and pediatric, including general, bariatric, and gynecological surgical applications.

Growing Shift Towards Outpatient surgeries is Driving the Market Growth

The numerous advantages of electrosurgery have paved the way for its adoption in outpatient surgeries. One of its core advantages is that it allows precision cutting with limited blood loss. Electrosurgical devices reduce the length of hospital stay, drainage volume, and blood loss, thus increasing their use in outpatient surgeries. As per the November 2021 report of Bovie Medical Corporation (U.S.), 80% of all surgical procedures today use electrosurgery in the U.S., and as per the U.S. Centers for Disease Control and Prevention, 41 million procedures per year are conducted with the use of electrosurgical devices.

Scope of the Report:

Electrosurgery Devices Market, by Product Type

Electrosurgery Instruments and Accessories
Electrosurgical Electrodes & Patient Return Electrodes
Suction Coagulators & Irrigation Devices
Electrosurgery Pads & Forceps
Electrosurgery Accessories
Generators
Smoke Evacuation Systems
Electrosurgery Devices Market, by Surgery Type

Obstetric/Gynecological Surgery
Cardiovascular Surgery
Oncological Surgery
Cosmetic Surgery
Neurosurgery
General Surgery
Urological Surgery
Orthopedic Surgery
Other Surgeries
Note: Other surgeries include ENT, ophthalmic, dental, and maxillofacial surgeries.
Electrosurgery Devices Market, by End User

Hospitals & Clinics
Ambulatory Surgical Centers
Research Institutes & Academics
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Geographic Review

In 2023, North America is expected to account for the largest share of the electrosurgery devices market, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest shareholding market in North America in 2023. The large share of this market is primarily driven by the high prevalence of chronic diseases, an increase in the number of ablation centers, the availability of advanced technology for electrosurgery, and the high preference for minimally invasive procedures, coupled with a shift towards outpatient surgeries.

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Last Updated January 22, 2024