Electrosurgical Devices Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jun 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

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.

The minimal invasive surgeries drives the growth of electrosurgical devices market

According to The World Health Organization’s estimates in 2008, the global geriatric population is projected to reach around 2 billion by 2050, from 524 million in 2010. The geriatric population is prone to diseases like cancer, cardiac arrest, gastrointestinal and intestinal diseases due to weak immunity. The growing demand for minimally non-invasive surgeries and increase in adoption of technologically advanced products are driving the market growth. Growing awareness in the most recent surgical techniques is expected to ensure swift growth of the global market in developing countries. Factors such as technological advancements in electro surgery devices, increase in ambulatory surgeries, growing number of medical, aesthetic and plastic surgeries, substantial expenditure in healthcare by government reforms are driving the growth of this market.

Development of multimodality systems is a trending strategy in the electrosurgical devices market

The launch of Argon Plasma Coagulation (APC) applicator in 2016 with additional electro-surgical functions like integrated filter, instrument recognition with preset start settings based on user experience offers additional operating convenience.  The device works for coagulation and vessel cutting and shows applications in open surgery and laparoscopy. Also, the development of innovative multimodality systems such as robotic surgical systems is a trending strategy in the market as it makes surgical procedures more precise and easy.

Bipolar instruments are expected to boost the Electrosurgical Device Market over the forecast period

The global electrosurgical device market is segmented on the basis of instrument type, application, end use, and geography. 

On the basis of instrument type,

  • Bipolar Instruments:
    • Advanced Vessel Sealing Instruments
    • Bipolar Forceps
  • Monopolar Instruments
    • Electrosurgical Pencils
    • Electrosurgical Electrodes
    • Monopolar Forceps
    • Suction Coagulators
  • Electrosurgery Accessories
    • Cords, Cables, and Adapters
    • Patient Return Electrodes or Dispersive Electrodes
    • Foot Switches, Carts, and Tip Cleaners

On the basis of application,

  • General Surgery
  • Cosmetic Surgery
  • Orthopedic Surgery
  • Gynecology Surgery
  • Urologic Surgery
  • Cardiovascular Surgery

On the basis of end user,

  • Hospitals
  • Clinics
  • Beauty clinics
  • Others

North America dominates the electrosurgical devices market as it holds the largest economy

Regional segmentation of the electrosurgical devices market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Considering the country’s economy, government policies, established healthcare sector, North America has the largest share.  According to The Economic Census, 2012 states that the medical device industry employed more than 356,000 people in the United States, at over 5,800 establishments. Asia Pacific represents the fastest-growing region which is attributed to the increasing demand for cosmetic procedures, improving healthcare infrastructure with insurance coverage facilities and rising government efforts to increase the access of the population to elective surgery. According to The International Society of Aesthetic Plastic Surgery Releases Global Statistics on Cosmetic Procedures in 2009, 1.22 million surgical procedures were performed in China and is the highest in Asia. Emerging markets like India, China and Brazil are expected to offer growth opportunities owing to the rising trend of medical tourism in these countries, less-stringent regulations and data requirements as compared to developed nations.

Merger and acquisition be the key strategy for emerging companies to sustain the market heat

Key players operating electrosurgical devices market are CONMED Corporation, ERBE Elektromedizin GmbH, Bovie Medical Corporation and BOWA-electronic GmbH & Co. KG. The launch of APC applicator by ERBE Elektromedizin GmbH is a recent advancement in the market. Covidien plc, Ethicon, Inc. and Olympus Corporation are the prominent companies leading the market, adopted product launches and geographic expansions as its key business strategies to ensure market dominance.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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