Global Bipolar Electrosurgical Devices Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Bipolar Electrosurgical Devices Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

With the bipolar electrosurgical method, a bipolar device, often a set of forceps, is used. The electrical current passes from one side of the forceps, through the target tissue to the other side of the forceps, and then back to the generator. The electrical current is restricted to the tissue between the forceps, therefore not requiring the use of a grounding pad. Bipolar electrosurgery offers a more concentrated energy to a very specific area of tissue. What’s more, bipolar electrosurgery presents a significant reduction in the risk of patient burns.

Market Overview:

The latest research study on the global Bipolar Electrosurgical Devices market finds that the global Bipolar Electrosurgical Devices market reached a value of USD 1485.87 million in 2023. It’s expected that the market will achieve USD 2057.43 million by 2029, exhibiting a CAGR of 5.57% during the forecast period.

Advantages of bipolar electrosurgical devices

Bipolar systems offer many advantages over unipolar devices. Bipolar devices are widely used in neurosurgery and gynecological procedures, and bipolar devices are more effective at controlling bleeding than monopolar devices. Bipolar electrosurgery uses alternating current in which both active and return electrode functions are performed at the surgical site. Since the opposite poles are nearby, lower voltages can be used to achieve the desired tissue effect. The lower voltage and smaller penetration depth of bipolar technology reduce damage to surrounding tissue more than monopolar devices, and bipolar electrosurgery can significantly reduce a patient's risk of burns. Because the current path is restricted within the tissue between the two electrodes, bipolar systems can be used in patients with implanted devices to prevent current flow through the device causing a short circuit or misfire. Bipolar Electrosurgery works in any media, allowing for coagulation in a fluid environment - a significant advantage when attempting to coagulate in a wet field. Bipolar Electrosurgery is commonly referred to as 'wet field' cautery as a result of this. Laparoscopic operations have been transformed by bipolar and ultrasonic hemostatic vascular sealing devices with simultaneous cutting capabilities. Therefore, the advantages of bipolar systems make them increasingly in demand in the market.

Increase in the number of ambulatory surgery centers

Ambulatory surgery centers (ASCs) have gained significant momentum in recent years due to shifts in outpatient treatment and care models. ASCs are smaller than hospitals and therefore typically have less overhead. Patients may spend less time in an ASC than in a hospital, which means the risk of infection is reduced. Many patients prefer a smaller ASC environment. These facilities also have lower requirements compared to hospitals. It is uncommon for ASC procedures to be delayed due to emergencies or other unforeseen circumstances. Patients are often frustrated by the unexpected cost of treatment in a hospital setting due to a lack of transparency, weak insurance coverage, and rising healthcare costs. In contrast, ASCs tend to provide clear pricing information before treatment. This makes it easier for patients to plan for healthcare expenses. It also makes it easier for insurance companies and plans like Medicare to provide adequate coverage. The rapid expansion of technological capabilities and easy access to a wide range of healthcare services under one roof are the reasons why patients favor these healthcare facilities highly. Without delays caused by hospital budget approvals, physicians can schedule care more efficiently, hire highly skilled staff, and remain at the hospital to research the latest surgical techniques. As government and corporate investments in healthcare infrastructure continue to increase, digitize outpatient wards with electronic medical records and telemedicine to enable better patient monitoring and improve ambulatory care. As a result, an increasing number of ASCs are joint ventures with or directly affiliated with local hospitals. This allows hospitals to refer patients for surgical treatment while minimizing issues with fragmented care. As the role and number of ASCs have grown substantially, many surgeries are increasingly transitioning to the ASC environment. The increase in the number of ASCs has facilitated surgery for patients and promoted the demand for bipolar electrosurgical devices.

Region Overview:

In 2022, the share of the Bipolar Electrosurgical Devices market in North America stood at 40.82%.

Company Overview:

The major players operating in the Bipolar Electrosurgical Devices market include Medtronic, Johnson & Johnson, Olympus Corporation, B. Braun Melsungen AG, Applied Medical Resources Corporation, etc. Among which, Medtronic ranked top in terms of sales and revenue in 2023.

Medtronic is a medical technology company that designs, develops, manufactures and markets medical devices and solutions. It offers products for the treatment of heart valve disorders, heart failure, diseases of the coronary artery, aortic, peripheral vascular, venous renal and neurological diseases, spine and musculoskeletal disorders and diseases of the ear, nose, and throat. It also provides biologic solutions for the orthopedic and dental markets.

Segmentation Overview:

By type, Bipolar Forceps segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bipolar Electrosurgical Devices market covered in Chapter 3:

Quirumed S.L.U.
Avante Medical Surgical
Applied Medical Resources Corporation
Johnson & Johnson
LAMIDEY NOURY.FR
B. Braun Melsungen AG
Advin Urology
Bovie Medical
Olympus Corporation
Kirwan Surgical Products, LLC
Medtronic
CONMED

In Chapter 4 and Chapter 14.2, on the basis of types, the Bipolar Electrosurgical Devices market from 2019 to 2030 is primarily split into:

Advanced Vessel Sealing Devices
Bipolar Forceps
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bipolar Electrosurgical Devices market from 2019 to 2030 covers:

Hospitals
Ambulatory Surgical Centers
Specialized Clinics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)