The global Electrosurgical Generator Market is valued at USD 1.69 Billion in 2022 and is projected to reach a value of USD 3.01 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.6% between 2023 and 2030.
There is a rising demand for minimally invasive procedures for chronic diseases and the aging population and technological improvements in electrosurgical units, the market for is predicted to expand. For instance, 7.6 million people in the UK suffer cardiac and circulation problems, according to the British cardiac Foundation's 2022. Additionally, in order to cut the tissues and stop bleeding during cardiac procedures, are essential. this will increase the demand for in healthcare settings during the ensuing years as the prevalence of heart-related illnesses rises.
Electrosurgical Generator Market Size, 2022 To 2030 (USD Billion)
- The integration of intelligent energy delivery systems, enabling real-time tissue monitoring and enhanced safety is driving the market
- North America generated more than 39.5% of revenue share in 2022
- Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
- Radiofrequency Electrosurgery Generators segment accounted for the largest market growth. It contributed over 28.4% of the total revenue share in 2022 due to its precision and versatility in various surgical applications.
- Urology segment revealed the most significant market growth, contributing more than 23.5% of the total revenue share in 2022
- Hospitals segment accounts for largest revenue of 35.8% in 2022
The desire for minimally invasive surgical procedures, with benefits like 25% lower healthcare expenditures and 30% shorter hospital stays, is the main factor driving the market. An aging population and the incidence of chronic diseases are driving a 20% increase in demand for , which are essential for treating a variety of medical ailments. A 15% acceptance rate for advanced electrosurgical devices is fueled by significant investments in healthcare infrastructure and technological breakthroughs. However, economic concerns loom as creative solutions are required to assure market viability due to cost restrictions and reimbursement issues.
Report Coverage & Deliverables
- Real-Time Data Updates:
- Competitor Benchmarking
- Market Trends Heatmap
- Custom Research Queries
- Market Sentiment Analysis
- Demographic and Geographic Insights
Top Market Trends
- Increased Adoption of Minimally Invasive Surgery: In minimally invasive surgery treatments, electrosurgical generators are essential because they allow for precise tissue cutting and coagulation, less blood loss, and quicker patient recovery.
- Rapid technological development: Improved patient outcomes are being produced through the integration of cutting-edge energy sources such as radiofrequency and ultrasonic energy, which improve surgical precision while reducing tissue damage.
- Patient Safety: The development of electrosurgical generators with attributes like real-time tissue impedance monitoring and automatic power adjustment is being driven by patient safety concerns. These characteristics help to lower the risk of surgical burns and consequences.
- Increasing Surgical Procedures: A rise in surgical procedures is being attributed to the aging population and the growing worldwide burden of chronic diseases. Because they are essential instruments for many surgical specialties, electrosurgical generators are in high demand as a result.
- Emergence of Robotic Surgery: The market for electrosurgical generators is seeing new growth potential as a result of the popularity of robotic-assisted procedures. By integrating these generators into robotic surgical systems, precise and regulated energy distribution is made possible during treatments.
The globel Electrosurgical Generator market can be categorized into Product , Specialty , End use , Region. The Market can be categorized into Radiofrequency Electrosurgery Generators , Ultrasonic Electrosurgery Generators , Molecular Resonance Electrosurgery Generators , Argon Plasma Electrosurgery Generators, Accessories based on Product . The Market can be categorized into Urology, Gynecology, Gastroenterology, ENT, General Surgery, Others based on Specialty . The Market can be categorized into Hospitals , Ambulatory Surgical Centers , Clinics , Others based on End use . The Market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.
Below tree is interactive. You can click the nodes to get more information.
Based on Product
Radiofrequency Electrosurgery Generators holds the largest share
The market for is dominated by radiofrequency electrosurgery generators (RF generators) due to the fact that they can be utilized for a range of surgical operations. RF generators produce an electric field that can be used to cut or coagulate tissue by using high-frequency alternating current. This kind of electrosurgery is reasonably safe, efficient, and reasonably priced.
Based on Specialty
Urology will dominate the market during Forecast Period
The urology segment is expected to dominate the market throughout the forecast period. This dominance is fueled by the growing preference for minimally invasive urological operations, which are known for having a shorter recovery time and less pain. Laparoscopy and robotic surgery are two of the treatments that heavily rely on electrosurgical generators.
Based on End-user
Hospitals will account for largest market share
In terms of end-users, hospitals are anticipated to hold the greatest market share because hospitals are major users of electrosurgical generators for a variety of surgical procedures. Hospitals frequently require electrosurgery operations due to their large patient load. Further the crucial role hospitals play in patient safety and high-quality care, strict laws requiring the deployment of safe and effective electrosurgical generators are a need for hospitals.
Based on Region
North America will lead the market
North America is expected to dominate the market for due to its rise in demand for minimally invasive procedures, whose advantages include quicker recovery times and less discomfort. Across a range of these treatments, electrosurgical generators are used. Notably, the area has a vast network of medical facilities that use electrosurgical generators, further establishing North America's position as the industry leader.
The global market is fragmented, including a diverse array of the presence of several key players, ranging from established robotic technology and manufacturers to emerging companies specializing in treatments. The established players leverage their research and development capabilities to introduce advanced electrosurgical generator technologies, including integration with robotic surgical systems and energy-efficient solutions.
The players in the global market include ConMed, Union Medical, Ellman, Bovie, Soering, Shanghai Hutong, Medtronic, Karl Storz, Eschmann, DePuy, KINDY ELECTRONIC, KLS Martin among others.
Recent Market Developments
- October 2022: HugoTM robotic-assisted surgery (RAS) system has received three key global market-entry and indication expansion approvals, according to Medtronic plc (NYSE:MDT), a pioneer in healthcare technology.
Segmentation of the Global Market
- Product (Radiofrequency Electrosurgery Generators , Ultrasonic Electrosurgery Generators , Molecular Resonance Electrosurgery Generators , Argon Plasma Electrosurgery Generators, Accessories)
- Specialty (Urology, Gynecology, Gastroenterology, ENT, General Surgery, Others)
- End use (Hospitals , Ambulatory Surgical Centers , Clinics , Others)
- Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa )
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Union Medical
- Shanghai Hutong
- Karl Storz
- KINDY ELECTRONIC
- KLS Martin
||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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