Electrosurgery is a procedure that converts electrical energy to heat energy used for various medical purposes, such as stopping the bleeding or destroying abnormal skin growths. Electrosurgery makes use of a high-frequency alternating electric current for thermally killing the tissues. The approach is employed to cut, desiccate or coagulate the tissue at the current application with minimum blood loss and a brief operating period. Electrosurgery is performed for more excellent patient safety and management of difficulties during surgeries. Such kind of surgery is used for performing gynecology, cosmetic, orthopedic, and other surgeries.
The global electrosurgery market size was valued at USD 6.73 billion in 2019 and projected to reach USD 10.02 billion by 2027, growing at a CAGR of 5.1% during the forecast period, 2020-2027. The significant factors are the increasing demand for minimally invasive surgeries and a rise in surgical procedures globally. Additionally, the increase in the prevalence of chronic diseases and the rising geriatric population will spur the global electrosurgery industry in the future periods. Furthermore, the growing number of medical, cosmetic, and age-related surgeries performed is expected to witness remarkable growth of electrosurgery. The increased popularity of cost-effective medical tourism in emerging countries and the rising number of ambulatory surgery centers are expected to propel the demand for electrosurgery over the coming years.
Moreover, the improvements in healthcare systems and growing research activities are positively impacting the market for electrosurgery. Furthermore, the rise in the preferences towards electrosurgery over conventional surgical techniques fuels the demand for the electrosurgery market. The technological advancements in electrosurgical instruments and increased investment in the healthcare sector will bolster the global electrosurgery market share.
With surgeries being a vital part of the healthcare sector, an increase in surgeries leads to positive profits in the global electrosurgery market. In accordance with the International Society of Aesthetic Plastic Surgery, {APS} about 11.4 million cosmetic surgeries were conducted globally in 2019, nearly 7.1% higher than the preceding year. The technological advancements in cosmetic surgery have made it safer and less invasive, speedier recovery time, and reduced the cost of procedures. Thus, people have become less concerned and more willing to know and adopt cosmetic surgery as a possible option for altering their physical appearance. Further, electrosurgery is comparatively efficient, causing limited blood loss and significantly reducing the recovery time. These are highly adopted by surgeons across regional markets, fuelling the electrosurgery market revenue during the forecast period. Besides, the demand for minimally invasive surgeries has surged over the past few years due to its rising awareness and safety and more possibilities of success. In the US alone, the figure for surgical procedures goes up by 50%. This rise in the market for minimally invasive surgeries is impacting the growth of electrosurgery devices and instruments.
Recently, the outbreak of COVID-19 has vigorously affected the healthcare system of developed and developing countries globally. The increasing COVID-19 cases have burdened healthcare facilities all around the globe. This results in the postponement of elective and non-emergency services to save the healthcare personnel and resources for the treatment of COVID-19-infected patients. Dropped several surgeries throughout the first wave of COVID-19, including general surgeries, orthopedic surgeries, and more; due to this, electrosurgery devices and instruments a sudden decline in demand. However, the global electrosurgery market is assigned to flourish in the post-COVID-19 period; all extended surgeries will be done, and new surgeries will also be held on.
The global electrosurgery market is segregated into electrosurgical generators, electrosurgical instruments, and electrosurgical accessories. The electrosurgical instruments segment is estimated to witness the highest growth over the analysis timeframe. It is due to the increased usage volume of reusable and disposable electrosurgical instruments. In addition, the technological advancements in electrosurgical devices and the increasing number of plastic surgeries drive the market.
The electrosurgical generators will grow significantly due to the rising acceptance of electrosurgical devices. In addition, the growing efforts by various manufacturers to develop technologically advanced coronary electrosurgical generators will drive the market demand. Further, the increasing adoption for modern electrosurgical units having combined monopolar/bipolar modes and better product life and the high cost of the product will grow the demand in the market.
The global electrosurgery market is categorized into general surgery, obstetrics/gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The obstetrics/gynecology surgery segment held a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the growing prevalence of gynecological diseases across the globe. In addition, factors such as changing dietary habits, reduced physical activity, increased stress levels, and women’s changing lifestyle with the body’s subsequent reaction to the same result in gynecological illnesses. Most of these illnesses are recommended to be treated through a surgical procedure. Hence, the industry demand for electrosurgical devices in gynecology surgeries is estimated to rise during the forecast period.
The cosmetic surgery segment is poised to witness significant growth over the forecast period due to the increasing number of patients undergoing procedures, such as chin augmentation, breast reduction, and augmentation, etc.
Based on the end-user, the global electrosurgery market is segmented into hospitals, clinics, & ablation centers, ambulatory surgical centers, and research laboratories & academic institutes. The hospital segment will dominate the global electrosurgery market by 2027. It is due to the growing number of electrosurgery procedures performed in hospitals. In addition, the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals and the increasing demand for minimally invasive procedures drives the market.
The ambulatory surgical centers accounted for the largest share of the electrosurgery market in 2019 due to the rising acceptance of electrosurgical devices. Patients in underdeveloped and developing countries rely heavily on inpatient surgeries as exposed to the increasing trend of mobile surgical units in the developed part of the world, which is supposed to drive the market.
By geography, the global electrosurgery market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. Due to advances in technology, leading industry players offering innovative products, and the growing demand for minimally invasive surgeries.
The Asia Pacific will capture a significant share of the electrosurgery market by 2027. Due to healthcare systems, increasing patient population, and mounting health care expenditures in emerging countries such as India and China.
Companies such as Medtronic, B. Braun Melsungen AG, Olympus Corporation, KLS Martin Group, Ethicon, CONMED Corporation, Ethicon LLC, Applied Medical Resources Corporation, Apex Medical Corporation, Boston Scientific, Smith & Nephew plc, BOWA-electronic GmbH & Co KG, and Elektromedizin GmbH are the key players in the global electrosurgery market.
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By Type of Surgery
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Global Electrosurgery Market
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