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Global Vessel Sealing Devices Market Share, Size, Forecast: By Product: Instruments, Generators, Accessories; By Application: General Surgery, Laparoscopic Surgery, Other Surgery; By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centres, Others; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032
Global Vessel Sealing Devices Market Outlook
The global vessel sealing devices market size stood at a value of around USD 1.63 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.60% to reach USD 3.17 billion by 2032.
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Instruments Segment Holds a Significant Share in the Global Vessel Sealing Devices Industry
Vessel sealing instruments are gaining traction in laparoscopic surgeries owing to their reliable sealing of vessels up to 7 mm diameter. They also facilitate precise heat control along with low lateral thermal spread, and low risk of electric current with reduced capacitive coupling.
Over the forecast period, the growing need for faster sealing of vessels along with enhanced safety requirements for the geriatric patients is driving the growth of this segment. There are growing R&D activities by major medical instrument manufacturers aimed towards developing vessel sealing instruments with high clinical reliability along with the incorporation of technologies. These developments which bolster the speed and efficiency of the product are anticipated to provide impetus to this segment in the coming years.
North America Leads with a Significant Share in the Market
The vessel sealing devices market in the North America region is being positively influenced by advanced healthcare infrastructure in the United States and Canada. Other contributing factors are increasing inclination of laparoscopic surgeons in the region to perform minimally invasive surgeries, and rising health awareness.
There are increasing R&D activities by medical technology firms aimed towards the development and manufacturing of advanced energy vessel sealing and dissection tools for surgical gynaecologists in both laparoscopic and open surgical procedures. This is likely to provide impetus to the market in the coming years. The rapid development and advancements of the hospitals and specialty clinics in the region owing to the increasing healthcare expenditure is also anticipated to spearhead the demand for vessel sealing devices.
Market Segmentation
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The devices which are used in the laparoscopic surgery to seal blood vessels, by denaturing the collagen and elastin in the wall, are defined as vessel sealing devices. Using these devices, the surgeons can shorten the time of liver transection and reduce the amount of blood loss during surgeries.
Based on product, the vessel sealing devices market can be segmented into:
- Instruments
- Generators
- Accessories
The market can be broadly categorised based on end-use into:
- Hospitals and Specialty Clinics
- Ambulatory Surgical Centers
The bifurcation of market, on the basis of application, includes:
- Laparoscopic Surgery
- General Surgery
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demands from General and Laparoscopic Surgeries to Boost the Growth of the Vessel Sealing Devices Market
The rising demand for vessel sealing devices in general and laparoscopic surgeries is driving the market growth. The increasing rate of hospitalisation owing to the rising cases of chronic diseases caused by the sedentary lifestyles led by the working-class population is propelling the demand for vessel sealing devices.
Over the forecast period, the rising cases of cancer, and various autoimmune disorders are likely to increase the frequency of biopsies in hospitals and ambulatory surgical centers. This factor is anticipated to boost the demand for vessel sealing devices in healthcare units.
Moreover, the increasing geriatric population, along with the rising cases of chronic illnesses associated with it, is likely to propel the requirement for vessel sealing devices in order to perform surgeries with high precision and greater efficiency. Furthermore, the market is anticipated to be augmented by the increasing inclination of patients towards minimal invasive surgical treatments in the forecast period.
Key Industry Players in the Global Vessel Sealing Devices Market
The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Olympus Corporation
- Medtronic PLC
- B Braun Melsungen AG
- Erbe Medical India Pvt. Ltd
- Ethicon US LLC (Johnson & Johnson)
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Vessel Sealing Devices Market Overview
3.1 Global Vessel Sealing Devices Market Historical Value (2017-2023)
3.2 Global Vessel Sealing Devices Market Forecast Value (2024-2032)
4 Global Vessel Sealing Devices Market Landscape
4.1 Global Vessel Sealing Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Vessel Sealing Devices Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Vessel Sealing Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Vessel Sealing Devices Market Segmentation
6.1 Global Vessel Sealing Devices Market by Product
6.1.1 Market Overview
6.1.2 Instruments
6.1.3 Generators
6.1.4 Accessories
6.2 Global Vessel Sealing Devices Market by Application
6.2.1 Market Overview
6.2.2 General Surgery
6.2.3 Laparoscopic Surgery
6.2.4 Other Surgery
6.3 Global Vessel Sealing Devices Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Specialty Clinics
6.3.4 Ambulatory Surgical Centres
6.3.5 Others
6.4 Global Vessel Sealing Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Vessel Sealing Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Vessel Sealing Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Vessel Sealing Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Vessel Sealing Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Vessel Sealing Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Olympus Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Medtronic
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 B Braun Melsungen AG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Erbe Medical India Pvt. Ltd
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Ethicon US LLC
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 OmniGuide Holdings, Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Bolder Surgical, LLC.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 KLS Martin Group
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Boston Scientific Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 CONMED Corporation
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Symmetry Surgical
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Getinge
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Terumo Medical Corporation
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Vessel Sealing Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2023, the global market size attained a valuation of around USD 1.63 billion.
At a global level, the market is projected to grow at an approximate CAGR of 7.60% between the forecast period of 2024 and 2032.
The market is expected to witness consistent and healthy growth in the forecast period of 2024-2032, reaching an estimated value of USD 3.17 billion by 2032.
The key drivers for the industry at a global level are growing healthcare infrastructure, increase in minimally invasive surgeries, rising R&D activities, and preference of surgeons for high precision vessel sealing devices.
The advantages offered by vessel sealing devices have resulted in several trends affecting the market, including increase in demand from general and laparoscopic surgeries, growing geriatric populations, and preference of patients towards minimally invasive surgeries.
According to the EMR report, the major regional markets for vessel sealing devices are North America, Latin America, Asia Pacific, Europe, Africa, and the Middle East.
The primary segments of vessel sealing devices based on product are instruments, generators, and accessories.
The leading end-users in the market for vessel sealing are hospitals and speciality clinics, and ambulatory surgical centers.
The market is bifurcated into general surgery and laparoscopic surgery.
The major players in the industry are Olympus Corporation, Medtronic PLC, B Braun Melsungen AG, Erbe Medical India Pvt. Ltd, and Ethicon US LLC (Johnson & Johnson) among others.
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