Global Electrosurgical Devices Market to Grow at a CAGR of 5.7% During 2024-2032, Aided by the Rising Demand for Surgical Procedures

The global electrosurgical devices industry is being driven by the heightened demand for minimally invasive surgical procedures. This trend is further expected to be fuelled by the rising incidences of chronic illnesses and diseases, which require surgical operations. In addition, the growing research and development activities, in confluence with the rapid technological advancements are also anticipated to prove beneficial for the market growth in the coming years. Furthermore, with the rapidly ageing population, the demand for minimally invasive procedures is expected to increase. Electrosurgical devices offer improved quality, ease of usage, and enhanced surgical results. Moreover, the increased availability of specialised electrosurgical devices that deal with different surgical procedures including general, gynaecologic, cosmetic, and cardiovascular, among others is also expected to support the growth of the market in the coming years.

The growing investments by the leading players in the development of advanced electrosurgical devices are expected to spearhead the market growth in the forecast years. For instance, in January 2017, Ethicon Endo-Surgery, Inc., a unit of the Johnson & Johnson Medical Devices Companies (NYSE: JNJ), announced the acquisition of Megadyne Medical Products, Inc., a leading developer and manufacturer of electrosurgical tools. The acquisition was aimed at expanding Ethicon’s advanced energy portfolio with the broad range of innovative electrosurgical tools provided by Megadyne. Medtronic plc (NYSE: MDT), another leading manufacturer of electrosurgical devices, offers an extensive range of electrosurgery instruments and handpieces that are designed to provide optimal performance.

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Market Breakup by Type, Application, and Region:

• The market is divided, based on type, into electrosurgery generators, electrosurgery instruments and accessories, and argon and smoke management systems, among others.

• On the basis of application, the market can be distributed into general surgery, gynaecologic surgery, urologic surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery, among others.

• Region-wise, the global market for electrosurgical devices can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for electrosurgical devices is being driven by the rising demand for surgical procedures worldwide.

• The growing geriatric population and the increased government expenditure in the development of the healthcare sector have significantly contributed to the market expansion.

• The increased demand for minimally invasive surgical operations is also aiding the industry growth.

• The growing innovations in the development of advanced electrosurgical devices are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for electrosurgical devices for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, and regions of electrosurgical devices.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global electrosurgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, BOWA-electronic GmbH and Co. KG, and CONMED Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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