Electrosurgical Devices Market

The global electrosurgical devices market is estimated to be valued at USD 6.58 BN in 2024 and is expected to exhibit a CAGR of 6.3% during the forecast period (2024-2031). The global electrosurgical devices market has been witnessing steady growth in the recent past owing to the rising prevalence of chronic diseases and growth in aged population along with the increasing number of surgical procedures performed worldwide. Electrosurgical devices are medical apparatus used for electrosurgery, a technique that involves the application of a high-frequency alternating electric current through an electrode to cut tissues or to coagulate bleeding. Electrosurgical devices help in sealing blood vessel with minimum thermal spread and damage to surrounding tissue during surgery. Factors such as growing medical tourism and technological advancements leading to the development of novel electrosurgical products are expected to drive the global electrosurgical devices market growth over the forecast period. However, availability of alternative surgical methods and risks associated with electrosurgical procedures act as a restraint for the market.

Market Dynamics:

The electrosurgical devices market is primarily driven by the increasing number of surgical procedures performed across the globe. Moreover, the rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and neurological disorders are generating a high demand for surgical treatments which is fueling the growth of the electrosurgical devices market. However, risks associated with electrosurgical procedures such as burns and perforations act as a restraint. Additionally, the availability of alternative surgical staplers, ligation devices, and other new surgical modalities pose a threat to the market. On the other hand, the emergence of new advanced electrosurgical generators with advantages such as reduced risk of thermal injuries present significant growth opportunities in the market. Technological advancements in the field of minimally invasive surgeries to reduce trauma, pain, and disability are also creating potential opportunities.

Key Features of the Study:

• This report provides an in-depth analysis of the global electrosurgical devices market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global electrosurgical devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study includes Bovie Medical Corporation, Medtronic Plc, BOWA-Electronic GmbH & Co. KG, KLS Martin, B. Braun Melsungen AG, Conmed, Olympus Corp., Boston Scientific Corporation, Erbe Elektromedizin GmbH, Symmetry Surgical Inc., Encision Inc., Gala Therapeutics Inc., Apyx Medical Corporation, Johnson & Johnson Services Inc., Innoblative Designs, Stryker Corporation, and Smith & Nephew PLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global electrosurgical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electrosurgical devices market.

Market Segmentation

• Product Type:
  • Electrosurgical Instruments
  • Active Electrodes
  • Electrosurgical Generators
  • Accessories
• Application:
  • General surgery
  • Gynecology
  • Cardiology
  • Neurology
  • Dermatology
  • Orthopedic Surgery
  • Others
• End User:
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Bovie Medical Corporation
  • Medtronic Plc
  • BOWA-Electronic GmbH & Co. KG
  • KLS Martin
  • Braun Melsungen AG
  • Conmed
  • Olympus Corp.
  • Boston Scientific Corporation
  • Erbe Elektromedizin GmbH
  • Symmetry Surgical Inc.
  • Encision Inc.
  • Gala Therapeutics Inc.
  • Apyx Medical Corporation
  • Johnson & Johnson Services Inc.
  • Innoblative Designs
  • Stryker Corporation
  • Smith & Nephew PLC