Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Electrosurgery is the use of high energy alternating current to increase intracellular temperature to achieve vaporization or combination of desiccation and protein coagulation of biological tissue. Electrosurgical devices find application in general surgery, cardiology, urology, gynecology, cosmetology, and dermatology domains.

The global electrosurgical devices market is estimated to account for US$ 6,087.3 Mn in terms of value in 2020 and is expected to reach US$ 9,677.6 Mn by the end of 2027.

Global Electrosurgical Devices Market: Drivers

Increasing demand for minimally invasive surgeries is expected to propel growth of the global electrosurgical devices market over the forecast period. Electrosurgical devices have been widely used for minimal invasive surgeries in the field of gynecology, cosmetology, open surgery, laparoscopic procedures, and flexible endoscopic procedures. Minimally-invasive surgeries entail shorter hospital stay, minimal incision, less post-surgery complications, and shorter recovery time. These advantages attract patients and help increase the number of patients opting for minimally invasive surgeries.

Moreover, increasing geriatric population is also expected to boost demand for electrosurgical devices. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

General Surgery held dominant position in the global electrosurgical devices market in 2019, accounting for 31.0% share in terms of value, followed by Gynaecology and Cardiology, respectively.

Figure 1. Global Electrosurgical Devices Market Share (%), by Value, by Application, 2019

Electrosurgical Devices  | Coherent Market Insights

Global Electrosurgical Devices Market: Restraints

Stringent regulatory requirements for device approvals and product recalls are expected to hinder growth of the global electrosurgical devices market.

Moreover, complications of electrosurgery are also expected to limit the market growth. Electrosurgery is associated with several electro-thermal injuries that may result from its application, insulation failure, direct coupling, capacitive coupling, and other modes.

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Electrosurgical Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 5,698.4 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.8% 2027 Value Projection: US$ 9,677.6 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type:
    • Radiofrequency Electrosurgical Devices: Monopolar Devices, Bipolar Devices.
    • Electrocautery Devices: Monopolar Devices, Bipolar Devices.
    • Electrosurgical Accessories
  • By Application: General surgery, Gynecology, Cardiology, Urology, Dermatology & Cosmetology, Others.
  • By End User: Hospitals, ASC’s, Specialized Clinics.
Companies covered:

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, and Johnson & Johnson Services, Inc.

Growth Drivers:
  • Technological advancement.
  • Increasing number of surgeries.
Restraints & Challenges:
  • Stringent regulatory requirements

Global Electrosurgical Devices Market: Opportunities 

Increasing adoption of less invasive techniques in cosmetology surgeries is expected to offer lucrative growth opportunities for players in the global electrosurgical devices market. Preference has shifted from traditional open surgery to usage of less invasive techniques. Electrosurgical devices have been widely used to perform surgeries such as neck lift, forehead lift, chin surgery, liposuction, and abdominoplasty.

Moreover, increasing prevalence of cancer is also expected to boost demand for electrosurgical devices. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.  

The global electrosurgical devices market was valued at US$ 5,698.4 Mn in 2019 and is forecast to reach a value of US$ 9,677.6 Mn by 2027 at a CAGR of 6.8% between 2020 and 2027.

Figure 2. Global Electrosurgical Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Electrosurgical Devices  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the global electrosurgical devices market are focused on adopting partnership strategies to enhance their market share. For instance, in July 2020, Lexington Medical, a US-based medical device company, partnered with BOWA Medical. Under the partnership, the companies will jointly market and sell the AEON and LOTUS portfolios in several global markets.

Major players in the market are also focused on approval and launch of new products to expand their product portfolio. For instance, in September 2019, Gala Therapeutics, Inc. received CE Mark in the European Union for its RheOx system that delivers non-thermal energy to the airways in a minimally invasive procedure called Bronchial Rheoplasty to reduce mucus-producing cells in patients with chronic bronchitis.

Regulations

U.S.

  • FDA has developed this guidance document to assist industry in preparing premarket notification (510(k)) submissions for electrosurgical devices intended for use in general surgery. These devices are designed to cut and/or remove tissue and control bleeding through the use of high- frequency electrical current. For the purpose of this guidance, electrosurgical devices may also be called radiofrequency (RF) devices or high- frequency (HF) devices.
  • There are other medical devices that have been classified under other medical panels which come under section 872.4920, 876.4300, 882.4400, 884.4150, 886.4100, 886.4115

Europe

  • Devices classified under rule 9 are the active therapeutic devices intended to administer or exchange energy. Devices classified by this rule are mostly electrical equipment used in surgery such as lasers and surgical generators. In addition there are devices for specialized treatment such as radiation treatment.
  • High-frequency electrosurgical generators, and electrocautery equipment, including their electrodes are counted under Class Iib with a CE marking

Global Electrosurgical Devices Market: Competitive Landscape

Major players operating in the global electrosurgical devices market include, 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, and Johnson & Johnson Services, Inc.

Global Electrosurgical Devices Market: Key Developments

Major players in the global electrosurgical devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in August 2020, Encision Inc., a developer of Active Electrode Monitoring Technology that prevents dangerous stray electrosurgical burns in minimally invasive surgery, launched AEM 2X enTouch Scissors.

Similarly, in October 2019, Apyx Medical Corporation received U.S. Food and Drug Administration (FDA) 510(k) clearance to market and sell the Apyx Plasma/RF Handpiece, a new addition to the Renuvion product family.

Electrosurgical devices use high-frequency alternating polarity, electrical current during surgical procedures to coagulate, desiccate, cut or fulgurate the tissues. Electrosurgical devices renders nontoxic and inexpensive surgeries, with early recovery and minimum chances of infection after the surgery. The devices contribute a substantial portion of total device sales in the market due to the requirement for specialized instruments and high application of single-use instruments like arthroscopic probes and other specialized systems.

Restraints of the Global Electrosurgical Devices Market

Major factors hampering the growth of the electrosurgical devices market during the forecast period constitutes of stringent regulatory requirements.

Key features of the study:

  • This report provides in-depth analysis of the global electrosurgical devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global electrosurgical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include 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, and Johnson & Johnson Product Types, Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology 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 market.

Detailed Segmentation

  • Global Electrosurgical Devices Market, By Product Type:
    • Radiofrequency Electrosurgical Devices
      • Monopolar Devices
      • Bipolar Devices
    • Electrocautery Devices
      • Monopolar Devices
      • Bipolar Devices
    • Electrosurgical Accessories
  • Global Electrosurgical Devices Market, By Application:
    • General surgery
    • Gynecology
    • Cardiology
    • Urology
    • Dermatology & Cosmetology
    • Others
  • Global Electrosurgical Devices Market, By End User:
    • Hospitals
    • ASC’s
    • Specialized Clinics
  • Global Electrosurgical Devices Market, By Geography:
    • North America
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Radiofrequency Electrosurgical Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrocautery Devices
          • Monopolar Devices
          • Bipolar Devices
        • Electrosurgical Accessories
      • By Application
        • General surgery
        • Gynecology
        • Cardiology
        • Urology
        • Dermatology & Cosmetology
        • Others
      • By End User
        • Hospitals
        • ASC’s
        • Specialized Clinics
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Bovie Medical Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • 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
    • AgaMatrix Inc.
    • Johnson & Johnson Services, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Electrosurgical Devices Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Radiofrequency Electrosurgical Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Monopolar Devices
        • Bipolar Devices
    • Electrocautery Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Monopolar Devices
        • Bipolar Devices
    • Electrosurgical Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Electrosurgical Devices Market, By Application, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • General surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gynecology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cardiology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Urology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dermatology & Cosmetology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Electrosurgical Devices Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • ASC’s
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialized Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Electrosurgical Devices Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Bovie Medical Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic Plc
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • BOWA-Electronic GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • KLS Martin
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Conmed
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Olympus Corp.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Erbe Elektromedizin GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Symmetry Surgical Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Encision Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Gala Therapeutics, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Apyx Medical Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • AgaMatrix Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Johnson & Johnson Services, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 23 figures on “Electrosurgical Devices Market – Global forecast to 2027.

Frequently Asked Questions

The global electrosurgical devices market was valued at US$ 5,698.4 Mn in 2019 and is forecast to reach a value of US$ 9,677.6 Mn by 2027 at a CAGR of 6.8% between 2020 and 2027.
Major factor driving the growth of global electrosurgical devices market during the forecast period include technological advancement, and increasing number of surgeries.
Major factors hampering the growth of the electrosurgical devices market during the forecast period constitutes of stringent regulatory requirements.
General surgery held dominant position in the global electrosurgical devices market in 2019.
North America electrosurgical devices market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are 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, and Johnson & Johnson Services, Inc.
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