Electrosurgical Devices Global Market – Forecast To 2025

Electrosurgical Devices Global Market – Forecast To 2025

Electrosurgery uses electrical energy to create thermal destruction of tissue through coagulation. Electrosurgical devices are the medical devices used for almost all types of surgeries such as cardiac, orthopedic, cosmetic and dermatological, gynecological, plastic surgery, ENT, maxillofacial, urological, neurological and general surgical procedures as well as certain dental procedures, etc. Electrosurgical units (ESU’s) are used for surgical cutting or to manage blood loss by causing coagulation (homoeostasis) during surgery. Worldwide people are opting for the electrosurgical devices based surgeries. The increasing acceptance of electrosurgical devices is mainly due to the advancements in electrosurgical devices such as reduction of collateral damage to tissues, eschar (dead tissues) formation and also limiting the sticking of tissues. According to IQ4I analysis, the electrosurgical devices global market is expected to grow at a mid single digit CAGR to reach $6,273.2 million by 2025.

The market for electrosurgical devices is segmented mainly based on products, surgery and geography. Electrosurgical devices product market is segmented as electrosurgical electrodes, instruments/units, smoke management, and accessories. Instruments/units market held the largest share. Electrosurgical instruments/units are further sub-segmented as monopolar and bipolar instruments, where monopolar instruments occupied the largest share during 2018. Bipolar instruments are projected to grow at a mid-single digit CAGR from 2018 to 2025. The monopolar instruments market is further segmented into contact and non-contact monopolar instruments. Among the contact monopolar instruments electrosurgical pencils commanded the largest revenue in 2018, in the non-contact instruments market Argon conductive gas based segment commanded the largest revenue during 2018. The Helium based segment is expected to grow at a high single digit CAGR from 2018 to 2025.

According to IQ4I analysis, in surgery market, oncology commanded the largest revenue of in 2018 and is expected to grow at mid-single digit CAGR from 2018 to 2025. As more and more cancer patients opt for minimally invasive surgeries for treatment, the market is experiencing growth. With a desire to appear more youthful and increasing significance of external appearance more people are undergoing cosmetic surgery driving the cosmetic and dermatological surgery market which is expected to be fastest growing market.

Based on geography the market is segmented into North America (U.S. and Rest of North America), Europe (Germany, France, U.K. and Others), Asia-Pacific (Japan, China, India and Others) and Rest of the World (Brazil, Middle East & others and Rest of Latin America). North-America commanded the largest revenue of in 2018 during 2018 due to advancements in technology, adoption of electrosurgical instruments in all types of surgeries, minimally- invasive surgeries, healthcare expenditures by government reforms, and an aging population and availability of skilled labors. Asia-Pacific is expected to grow a fastest rate due to growing awareness of the people and increasing demand for safe, cost effective minimally-invasive procedures.

Major players in this market are Apyx Medical (U.S.), B.Braun Melsungen AG (Germany), Bowa medical (Germany), Conmed (U.S.), ERBE Electronics (Germany), J&J (Ethicon & Megadyne) (U.S.), Medtronic (Ireland), Olympus (Japan), Smith & Nephew (U.K.), Utah Medical (U.S.), Applied Medical (U.S.), and KLS Martin (Germany).


1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 KEY TAKEAWAYS
2.2 REPORT SCOPE
2.3 REPORT DESCRIPTION
2.4 MARKETS COVERED
2.5 STAKEHOLDERS
2.6 RESEARCH METHODOLOGY
2.6.1 MARKET SIZE ESTIMATION
2.6.2 MARKET CRACKDOWN AND DATA TRIANGULATION
2.6.3 SECONDARY SOURCES
2.6.4 PRIMARY SOURCES
2.6.5 KEY DATA POINTS FROM SECONDARY SOURCES
2.6.6 KEY DATA POINTS FROM PRIMARY SOURCES
2.6.7 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 MARKET SEGMENTATION
3.3 FACTORS INFLUENCING MARKET
3.4 MARKET DYNAMICS
3.4.1 DRIVERS AND OPPORTUNITIES
3.4.1.1 Increased use of minimally invasive surgeries
3.4.1.2 Rapid growth in the aging population
3.4.1.3 Growing number of cosmetic surgery procedures
3.4.1.4 Prevalence of obesity and its related surgeries
3.4.1.5 Advancement of technology
3.4.1.6 Demand for electrosurgical procedures in the emerging regions
3.4.2 RESTRAINTS AND THREATS
3.4.2.1 Risk of side effects
3.4.2.2 Rising incidence of product recalls
3.4.2.3 Preference for non-invasive procedures
3.4.2.4 Healthcare reforms especially government pressure to minimize
healthcare costs
3.4.2.5 Pricing pressure on device manufacturers
3.5 REGULATORY AFFAIRS
3.5.1 THE U.S.
3.5.2 EUROPE
3.5.3 CHINA
3.5.4 INDIA
3.5.5 JAPAN
3.6 PORTER’S FIVE FORCE ANALYSIS
3.6.1 THREAT OF NEW ENTRANTS
3.6.2 THREAT OF SUBSTITUTES
3.6.3 BARGAINING POWER OF SUPPLIERS
3.6.4 BARGAINING POWER OF BUYERS
3.6.5 RIVALRY AMONG EXISTING COMPETITORS
3.7 MARKET SHARE ANALYSIS
3.8 PATENT TRENDS
3.9 REIMBURSEMENT SCENARIO
3.10 TECHNOLOGIC ADVANCEMENTS
3.11 SUPPLY CHAIN ANALYSIS
4 ELECTROSURGICAL DEVICES MARKET, BY PRODUCTS
4.1 INTRODUCTION
4.2 ELECTROSURGICAL GENERATORS AND MONITORS
4.3 ELECTROSURGICAL INSTRUMENTS/UNITS
4.3.1 MONOPOLAR INSTRUMENTS
4.3.1.1 Contact monopolar instruments
4.3.1.1.1 Electrosurgical electrodes
4.3.1.1.2 Electrosurgical pencils
4.3.1.1.3 Suction coagulators and irrigation devices
4.3.1.1.4 Monopolar forceps
4.3.1.2 Non-contact (plasma)monopolar instruments
4.3.1.2.1 Argon based systems
4.3.1.2.2 Helium based systems
4.3.2 BIPOLAR INSTRUMENTS/UNITS
4.3.2.1 Vessel sealing devices
4.3.2.2 Bipolar forceps
4.4 SMOKE MANAGEMENT SYSTEMS
4.5 ELECTROSURGICAL ACCESSORIES
4.5.1 PATIENT RETURN ELECTRODES
4.5.2 SMOKE MANAGEMENT SYSTEM ACCESSORIES
4.5.3 FOOT SWITCHES, CORDS, CABLES AND ADAPTERS
4.5.4 OTHER ACCESSORIES (DISPOSABLES, CARE AND CLEANING AGENTS)
5 ELECTROSURGICAL DEVICES MARKET, BY SURGERY
5.1 INTRODUCTION
5.2 CARDIOVASCULAR SURGERY
5.3 COSMETIC & DERMATOLOGY SURGERY
5.4 DENTAL SURGERY
5.5 GASTROINTESTINAL SURGERY
5.6 GENERAL SURGERY
5.7 GYNECOLOGICAL SURGERY
5.8 NEUROLOGICAL SURGERY
5.9 ONCOLOGY
5.10 ORTHOPEDIC SURGERY
5.11 UROLOGY
5.12 OTHERS
6 REGIONAL MARKET ANALYSIS
6.1 INTRODUCTION
6.2 NORTH AMERICA
6.2.1 UNITED STATES (U.S.)
6.2.2 REST OF NORTH AMERICA
6.3 EUROPE
6.3.1 GERMANY
6.3.2 FRANCE
6.3.3 UNITED KINGDOM (U.K.)
6.3.4 REST OF EUROPE
6.4 ASIA PACIFIC
6.4.1 JAPAN
6.4.2 CHINA
6.4.3 INDIA
6.4.4 REST OF APAC
6.5 REST OF THE WORLD (ROW)
6.5.1 BRAZIL
6.5.2 REST OF LATIN AMERICA (LATAM)
6.5.3 MIDDLE EAST & AFRICA
7 COMPANY DEVELOPMENTS
7.1 INTRODUCTION
7.2 NEW PRODUCT LAUNCHES
7.3 ACQUISITIONS
7.4 OTHERS (AGREEMENTS & APPROVALS)
8 MAJOR COMPANIES
8.1 APPLIED MEDICAL RESOURCE CORPORATION
8.1.1 OVERVIEW
8.1.2 FINANCIALS
8.1.3 PRODUCT PORTFOLIO
8.1.4 KEY DEVELOPMENTS
8.1.5 BUSINESS STRATEGY
8.1.6 SWOT ANALYSIS
8.2 B. BRAUN MELSUNGEN AG
8.2.1 OVERVIEW
8.2.2 FINANCIALS
8.2.3 PRODUCT PORTFOLIO
8.2.4 KEY DEVELOPMENTS
8.2.5 BUSINESS STRATEGY
8.2.6 SWOT ANALYSIS
8.3 BOWA-ELECTRONIC GMBH & CO.KG
8.3.1 OVERVIEW
8.3.2 FINANCIALS
8.3.3 PRODUCT PORTFOLIO
8.3.4 KEY DEVELOPMENTS
8.3.5 BUSINESS STRATEGY
8.3.6 SWOT ANALYSIS
8.4 CONMED CORPORATION
8.4.1 OVERVIEW
8.4.2 FINANCIALS
8.4.3 PRODUCT PORTFOLIO
8.4.4 KEY DEVELOPMENTS
8.4.5 BUSINESS STRATEGY
8.4.6 SWOT ANALYSIS
8.5 ERBE ELEKTROMEDIZIN GMBH
8.5.1 OVERVIEW
8.5.2 FINANCIALS
8.5.3 PRODUCT PORTFOLIO
8.5.4 KEY DEVELOPMENTS
8.5.5 BUSINESS STRATEGY
8.5.6 SWOT ANALYSIS
8.6 JOHNSON & JOHNSON (ETHICON & MEGADYNE)
8.6.1 OVERVIEW
8.6.2 FINANCIALS
8.6.3 PRODUCT PORTFOLIO
8.6.4 KEY DEVELOPMENTS
8.6.5 BUSINESS STRATEGY
8.6.6 SWOT ANALYSIS
8.7 KLS MARTIN GROUP
8.7.1 OVERVIEW
8.7.2 FINANCIALS
8.7.3 PRODUCT PORTFOLIO
8.7.4 KEY DEVELOPMENTS
8.7.5 BUSINESS STRATEGY
8.7.6 SWOT ANALYSIS
8.8 MEDTRONIC, PLC
8.8.1 OVERVIEW
8.8.2 FINANCIALS
8.8.3 PRODUCT PORTFOLIO
8.8.4 KEY DEVELOPMENTS
8.8.5 BUSINESS STRATEGY
8.8.6 SWOT ANALYSIS
8.9 OLYMPUS CORPORATION
8.9.1 OVERVIEW
8.9.2 FINANCIALS
8.9.3 PRODUCT PORTFOLIO
8.9.4 KEY DEVELOPMENTS
8.9.5 BUSINESS STRATEGY
8.9.6 SWOT ANALYSIS
8.10 SMITH & NEPHEW PLC
8.10.1 OVERVIEW
8.10.2 FINANCIALS
8.10.3 PRODUCT PORTFOLIO
8.10.4 KEY DEVELOPMENTS
8.10.5 BUSINESS STRATEGY
8.10.6 SWOT ANALYSIS

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