Electrosurgical Devices Market

Global Electrosurgical Devices Market Size (2024 to 2032)

The global electrosurgical devices market size is predicted to be worth USD 9.57 Billion by 2032 and USD 5.67 billion in 2024, growing at a CAGR of 6.7% from 2024 to 2032. 

An electrosurgical device transmits 100 kilohertz to 5 megahertz of high-frequency current with 200 to 10,000 volts through tissues, and the high heat produced helps cut and demolish the tissues. Moreover, the high-frequency current is implemented in the forceps to clot the blood. Cutting and Coagulation are done using sinusoidal waveform and sinusoidal wave packets, respectively. A surgeon uses either monopolar or bipolar mode to operate the device; the monopolar mode is applied for cutting and coagulation, whereas the bipolar mode is employed only for coagulation. Such electrosurgical devices are used in cardiothoracic, orthopedic, dental, spine, and neuro surgeries and several other surgeries. In addition, electrosurgical devices such as loop, square, and ball electrodes are used for various surgeries. Loop and square electrodes are equipped with tungsten wire which passes the electrical current during the surgery. In addition, ball electrodes are used for cauterization. This is very much employed in gynecologic surgery and other electrosurgeries; therefore, electrodes have the scope to drive the growth of the electrosurgical devices market.

MARKET DRIVERS

Increasing preference for minimally invasive surgeries is one of the key factors propelling the market growth of electrosurgical devices.

Minimally invasive surgery is performed using small incisions, unlike open surgery, where the body is cut open wide. This surgery leaves less pain on the patients and helps them recover faster due to reduced hospitalization. For instance, over 13 million laparoscopic procedures are done globally every year. Such minimally invasive surgeries use electrosurgical devices for vaporization (cutting) and fulguration (coagulation). 

The growing aging population is expected to result in the growth of the electrosurgical devices market.

The World Health Organization (WHO) says that one in every six people will be found to be above the age of 60 by 2030; therefore, with a massive increase in the aging population, the demand for electrosurgical devices will also increase. Electrosurgical devices are predominantly employed in eye surgery to cut and diminish the tissue. Since the aging population is more likely to face eye problems, there is a high requirement for electrosurgical devices among the geriatric population, driving market growth.

The growing incidence of CVDs is expected to boost the market’s growth rate.

Due to an increase in the population, the risk of cardiovascular disease is higher, and it is found that heart attacks and strokes are the reasons for one-third of all deaths in the world. People with COVID-19 are more likely to be affected by heart disease. Moreover, more than two million people go through open-heart surgery every year, and cardiovascular surgeries require electrosurgical devices for treatment, thus, resulting in the market growth. Clinics specialized in Cardiovascular surgery, orthopedic surgery, gynecology, urology, and others frequently employ electrosurgical devices for hemostasis and slitting of tissues. Therefore, specialized clinics will drive the growth of the electrosurgical devices market. Furthermore, hospitals conduct several operations daily; therefore, the use of electrosurgical devices is higher in hospitals. Moreover, since the devices are mainly used to control blood loss for patients in operation theaters, it is mainly used by hospitals. 

MARKET RESTRAINTS

Besides having several advantages, electrosurgical devices also carry a few disadvantages with them. Electrosurgical devices can sometimes burn the flesh of the patients and might also cause unplanned cuts. If the electrosurgical unit accidentally switches on, the current might pass on to an unintentional area of the patient, causing injury. Furthermore, if the insulation around the electrosurgical unit collapses, it can cause injury to other parts of the patient. Finally, the individual's tissues consistently exhibit some resistance to the electric current; therefore, if an electrode moves nearby another metal, the current will continue to flow into the metal, which will produce high heat and cause damage to organs and tissues. Hence, these drawbacks can pull down the market of electrosurgical devices.

Impact of COVID-19 on the electrosurgical devices market

The COVID-19 pandemic has had a significant impact on the electrosurgical devices market. The World Health Organization (WHO) has confirmed that 655,689,115 people have been affected by COVID-19 thus far, with an incredible number of positive cases for COVID-19, severe cases requiring admission to hospitals. Therefore elective surgery was temporarily restricted to perform to admit COVID-19 patients. Moreover, electrosurgery was postponed for patients who tested positive for COVID-19. Hence, a significant pitfall in the electrosurgical devices market negatively impacted the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Electrosurgical Devices Market Analysis By Product

Based on product, the electrosurgical instruments and accessories segment had the largest market share in 2023, and the segment’s dominance is likely to continue during the forecast period.

On the other hand, the electrosurgical generators seem to have a healthy CAGR during the forecast period. This is because electrosurgical generators generate electrical waveforms used for cutting and coagulation. Since this is the fastest method to cut tissues, electrosurgical generators dominate and elevate the market's growth. 

Global Electrosurgical Devices Market Analysis By Application 

General surgery seems to uplift the growth of the electrosurgical devices market. General surgery carries out numerous surgical procedures to treat patients diseases and is generally done for diseases in the abdomen region. During abdominal surgery, the tissues of the abdominal wall should be slit before entering the operating area. Hence electrosurgical devices are used to cut the tissues, elevating the electrosurgical devices market. 

Moreover, Orthopedic surgery is anticipated to drive the electrosurgical devices market. Orthopedics deals with the musculoskeletal system, which involves joints, ligaments, bones, nerves, tendons, and muscles. Therefore, Orthopedists use such devices to slit bone tissue.

REGIONAL ANALYSIS

The electrosurgical devices market in North America occupied the dominating share of the global market in 2023, and the region’s dominance is anticipated to continue during the forecast period. North American countries such as U.S. and Canada occupy the leading share of the global electrosurgical devices market. According to research by BodyBio, 3 million people get hospitalized due to digestive diseases per year in the U.S. Therefore, due to an increase in digestive diseases, the demand for minimally invasive surgery will rise, which will lift the growth of electrosurgical devices. 

The electrosurgical devices market in Europe is expected to hold a considerable share of the global market during the forecast period. Factors such as growing patient volume suffering from chronic diseases, increasing aging population, and a growing number of surgical procedures happening across the European region are expected to boost the growth rate of the European market.

The APAC electrosurgical devices market is anticipated to showcase the fastest CAGR during the forecast period. Asia-Pacific countries such as China, India, Japan, and South Korea are anticipated to lead the electrosurgical devices market. In addition, people of young age suffer and die due to heart attacks in India, and 77 million people in India are affected by diabetes; therefore, with an increase in such chronic diseases, the demand for electrosurgical devices will also rise. 

The electrosurgical devices market in Latin America is expected to hold a considerable share of the global market during the forecast period.

The MEA electrosurgical devices market is projected to showcase a moderate CAGR in the coming years.

KEY MARKET PLAYERS

Considerable market players in the electrosurgical devices market are ErbeElektromedizin GmbH, CONMED Corporation, Boston Scientific Corporation, Olympus Corporation, AngioDynamics Inc., Smith & Nephew, Stryker Corporation, B. Braun Melsungen AG, Johnson & Johnson Private Ltd., and Medtronic Plc. 

RECENT HAPPENINGS IN THIS MARKET

• In September 2022, Olympus Corporation, a global MedTech company, introduced the THUNDERBEAT hybrid device, which emits ultrasonic and bipolar energy at the same time for cutting and coagulation. This device can be employed in both minimally invasive surgeries and open surgeries. 
• In September 2021, Bolder Surgical introduced its CoolSeal™ vessel sealing platform, which has a 3mm and 5mm trinity sealer, dissector, and divider. This CoolSeal device is a multi-performer. Therefore, it saves the instrument changing time during operations. Moreover, Bolder Surgical has launched this device in more than 20 countries.

DETAILED SEGMENTATION OF THE GLOBAL ELECTROSURGICAL DEVICES MARKET INCLUDED IN THIS REPORT

This research report on the global Electrosurgical Devices Market has been segmented and sub-segmented based on the product, type, and region.

By Product

• Electrosurgical Generators
• Electrosurgical Instruments and Accessories
• Argon and Smoke Management Systems

By Application

• Urology
• Orthopedic Surgery 
• Gynecology 
• Cosmetic Surgery 
• Cardiovascular Surgery 
• Neurosurgery 
• General Surgery