Global Electrosurgery Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

Global Electrosurgery Market Overview

The global Electrosurgery market was valued at US$ 6.7 billion in 2020, and is projected to grow at a CAGR of 5.2%.

Electrosurgery is a form of surgery that utilizes electrical energy to cut, coagulate, and resect tissue. The term "electrosurgical" refers to the use of electrical energy in surgery. Electrosurgical devices generate a variety of forms of electricity, including radio waves, microwaves, lasers, and corona discharge.

Electrosurgery is also known as electrocoagulation. It is best used in procedures that are delicate or that require precision. One of the main risks associated with Electrosurgery is that it might cause damage to nearby nerves. The second risk is that it may not be able to stop bleeding because electricity can only coagulate blood vessels when they are in direct contact with the probe.

Electrosurgery may be the most common surgical intervention in all of medicine, but many people are unaware that electro surgery is also used in less invasive procedures, including hair removal and treatment of warts. It should come as no surprise then that electrosurgical devices are vital to a wide variety of practices from podiatry to veterinary medicine.

Electrosurgery equipment consists of an electric probe with a sharp metal tip. Heat is delivered to the site for cutting by passing electric current through the probe which creates an electrical arc between two electrodes on the probe.

Electrosurgery is used in many surgical procedures including breast surgery, prostate surgery, and vascular surgery.

The procedure of Electrosurgery has been used since the late 1940s and so far, there has been no documented evidence that it causes cancer or any other diseases. Nevertheless, Electrosurgery should be reserved for cases where it is absolutely necessary because the electric currents can cause extreme burns to patient's skin and disrupt the body's natural ability to heal.

The global Electrosurgery market is segregated into product types, type of surgeries, end users, and regions. On the basis of product type, the global Electrosurgery market is sub-segmented into electrosurgical generators, electrosurgical instruments, bipolar electrosurgical instruments, electrosurgical accessories, patient return electrodes, cords, cables, and adapters, and other accessories. With respect to type of surgery, the global Electrosurgery market is distributed into general surgery, obstetrics/gynecology surgery, urological surgery, and other surgeries. On the basis of end user, the global Electrosurgery market is sub-segmented into hospital, clinics, & ablation centers, ambulatory surgical centers, and research laboratories & academic institutes. On the basis of region, the global Electrosurgery market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Demand For Minimally Invasive Surgeries

The surge in patients seeking minimally invasive surgeries has, in turn, driven growth of the market for electrosurgery. As medical technology evolves to provide faster and less invasive surgical techniques, doctors are recognizing the need to update their equipment accordingly. Electrosurgical devices are broadly defined as portable generators that send high voltage electricity through a probe or electrode, which can cut or coagulate tissues typically found within the body.

Technological Advancements In Electrosurgery Devices

Electrosurgery is the use of electrical current for surgical operations. An electrosurgical device typically consists of a generator, which sends an electric current to the surgical site, and a pair of electrically insulated forceps that hold the tissue in place. The main advantage of using electrosurgery rather than laser technology is that it does not cut any blood vessels, reducing bleeding and inflammation.

Lack Of Skilled Healthcare Professionals To Perform Electrosurgery Procedure

The lack of skilled healthcare professionals to perform electrosurgery procedures has been a problem for patients due to the high demand for this type of surgery. Recently, there have been reports from hospitals in the US that have been faced with this issue because they do not have enough trained surgeons to perform electrosurgery procedures. One hospital reported a wait time of over a month for a patient who needed electrosurgery due to their sheer lack of surgeons.

Stringent Government Regulations For Product Approval Of Electrosurgery Devices

Electrosurgery devices used in the medical field, such as electrocautery and electrosurgical knives, are subject to stringent government regulations for approval. Manufacturers must provide a written assurance that these devices comply with safety standards and provide instructions on how to use them safely and maintain them properly before they may be used in the United States.

The Electrosurgical Instruments Segment Is Projected To Account For The Largest Share

Based on product, the market is segmented into generators, accessories, instruments, and smoke evacuation systems. The electrosurgical instruments segment is estimated to grow at the highest CAGR from 2019 to 2025. The high percentage of disposable and reusable electrosurgical instruments accounts for the high market share of this segment. Technological advancements in electrosurgical instruments and the rise in the number of cosmetic and plastic procedures are also affecting its development.

COVID-19 Impact Analysis for Electrosurgery Market

The surging number of cases of COVID-19 have increased the demand on hospitals for emergency and elective care. This led to the postponement of non-emergency treatments and elective procedures to preserve healthcare staff and resources to treat the cases of COVID-19. Consequently, various forms of surgical procedures saw a drop in demand before the initial wave of the COVID-19 pandemic. As a result, electrosurgical devices and instruments went on record with a double-digit drop in sales. However, the medical global electrosurgery market is projected to improve in the post-COVID-19 period as all postponed procedures will return and new surgical procedures will be scheduled.

Asia Pacific is expected to witness the highest growth

The global Electrosurgery market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Markets in the Asia Pacific region are anticipated to account for the largest share. This growth is attributed to the growing patient population, increasing demand for minimally invasive surgeries, improvements in healthcare systems, and rising research activities.

Key Players of Electrosurgery market include

• Medtronic
• Ethicon Inc.
• Olympus Corporation
• Braun Melsungen AG
• Applied Medical Resources Corporation
• CONMED Corporation
• Apyx Medical Corporation
• Boston Scientific
• Olympus Corporation
• Meyer-Haake GmbH
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Global Electrosurgery Market Segmentation

Segmentation by Product Type

• Electrosurgical Generators
• Electrosurgical Instruments
• Bipolar Electrosurgical Instruments
• Electrosurgical Accessories
• Patient Return Electrodes
• Cords, Cables, and Adapters
• Other Accessories

Segmentation by Type of Surgery

• General Surgery
• Obstetrics/Gynecology Surgery
• Urological Surgery
• Other Surgeries

Segmentation by End User

• Hospital, Clinics, & Ablation Centers
• Ambulatory Surgical Centers
• Research Laboratories & Academic Institutes