Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,690.20 million | USD 3,135.70 million | 7.23% | 2023 |
The global Electrosurgical Generators Market size reached $1,690.20 Million in 2023 and is projected to exceed $3,135.70 Million by 2032, with a compound annual growth rate (CAGR) of 7.23%.
Medical professionals use electrosurgery, a technique that transforms electrical energy into heat, to stop bleeding (hemostasis) or destroy abnormal skin growths. It entails a number of procedures that use electricity to thermally destroy tissue through dehydration, coagulation, or vaporization. The two most commonly used types of electrosurgery are high-frequency electrocautery and electrosurgery. Electrosurgical generators produce a high-frequency electrical current to cut tissue and control bleeding by causing coagulation. Tissue resistance to this high-frequency current generates heat, resulting in tissue death.
Depending on the type of surgery, electrosurgery generators produce high-frequency electric currents for either bipolar or monopolar electrosurgery. In monopolar electrosurgery, the current flows from the probe electrode to the tissue, completing the circuit as it returns through the patient via a return pad placed elsewhere on the body. Bipolar electrosurgery, on the other hand, does not require a return pad because the current passes only through the tissue, not the entire body. Both types of electrosurgery rely on generators to produce the high-density electric current necessary for the procedures.
Various endoscopic procedures, such as polypectomy, hemostasis, and tissue resection, widely utilize electrosurgery. With the development of flexible duodenoscopes and smaller electrosurgical tools, endoscopic retrograde cholangiopancreatography (ERCP) has become more useful. It now allows for sphincterotomy, tumor ablation, and intracorporeal stone destruction (lithotripDermatology frequently uses electrosurgery to remove benign and malignant neoplasms, as well as for cosmetic purposes like treating acne, keloid nuchae, and dermatosis papulosa nigra.igra.
Advancements in surgical technology and increased investment in the healthcare sector have driven up the demand for electrosurgery generators. Factors such as minimally invasive procedures, rapid post-surgery recovery, and reduced infection rates are increasing demand. Additionally, the growing elderly population and the rise in cosmetic surgeries are key drivers of the electrosurgery generator market. However, the availability of other non-invasive surgical methods poses a significant restraint on market growth. Furthermore, the risk of fire or explosion when flammable materials like alcohol, oxygen, or bowel gases are present at the treatment site also hinders market expansion.
Swift technological innovations in the Electrosurgery field coupled with the surge in the proportion of the minimally invasive surgeries will promote the expansion of the electrosurgical generators industry over the forecast timeframe. Apart from this, the burgeoning requirement of cosmetic surgeries is predicted to leverage the expansion of the electrosurgical generators industry over the period from 2024 to 2032.
Based on type, the market is divided into Monopolar and Bipolar segments. The Monopolar segment holds a significant market share due to its widespread effectiveness. However, Bipolar surgery is preferred for patients with life-sustaining devices, as it minimizes the risk of device failure caused by electrical currents.
Based on end user, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Others. The Hospital segment dominates the market share. Hospitals are equipped with advanced technologies and skilled healthcare professionals, which drives the growth of this segment.
On the basis of application, the market is segmented into Optical, Gynecology, Cardiac, Maxillofacial, Dermatology, ENT, Dental, Orthopedic, Neurology, Urology, and Others.
Report Attributes | Report Details |
---|---|
Report Name | Electrosurgical Generators Market Research Report |
Market Size in 2023 | USD 1,690.2 Million |
Market Forecast in 2032 | USD 3,135.7 Million |
Growth Rate | CAGR of 7.23% |
Number of Pages | 202 |
Key Companies Covered | CooperSurgical Inc., Medtronic, elliquence, Olympus Corporation, Symmetry Surgical Inc. (Bovie), Smith & Nephew, CONMED Corporation, Erbe Elektromedizin GmbH, Johnson and Johnson (Ethicon), Utah Medical Products Inc. among others. |
Segments Covered | By Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2023 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regional Analysis
Region-wise, the market is sectored into North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The report includes PESTEL and SWOT Analysis that helps in assessing the factors that impact the performance of each industry participant in the present scenario and during the forecast timeframe. It also provides an insight into the competitive moves adopted by the key market players to gain a competitive edge.
Some of the leading players in the global market include:
By Type Segment Analysis
By Application Segment Analysis
By End-Use Segment Analysis
By Regional Segment Analysis
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