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Redding, California - February 9, 2024

Electrosurgery Market to be Worth $8.99 Billion by 2031

Electrosurgery Market by Product (Monopolar, Bipolar Instrument, Generator, Smoke Evacuation System, Electrode) Surgery (Obstetrics, Cardiovascular, General, Orthopedic, Oncology, Neurosurgery, Cosmetic) End User (Hospital, ASC) – Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Electrosurgery Market by Product (Monopolar, Bipolar Instrument, Generator, Smoke Evacuation System, Electrode), Surgery (Obstetrics, Cardiovascular, General, Orthopedic, Oncology, Neurosurgery, Cosmetic), End User (Hospital, ASC)—Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the global electrosurgery market is projected to reach $8.99 billion by 2031, at a CAGR of 4.8%. The growth of this market is driven by various factors, including the increasing number of surgical procedures, the growing preference for minimally invasive techniques, the increasing adoption of computer-assisted surgeries, the emergence of medical tourism, particularly in developing nations, the rising incidence of skin, throat, lip, and cervix cancer, and the prevalence of chronic diseases, which is on the rise due to the expanding geriatric population. Additionally, factors such as rising healthcare expenditure and market expansion in emerging economies are expected to create market growth opportunities.

However, the risks associated with electrosurgical procedures and the shortage of surgeons restrain the growth of this market. Additionally, the increasing concerns regarding the release of toxic fumes during electrosurgical procedures pose a significant challenge to the market’s growth.

Key Players

The key players profiled in the electrosurgery market report are Medtronic plc (Ireland), Stryker Corporation (U.S.), Johnson & Johnson (U.S.), CONMED Corporation (U.S.), Olympus Corporation (Japan), STERIS plc (Ireland), Boston Scientific Corporation (U.S.), B. Braun SE (Germany), BOWA-electronic GmbH & Co. KG (Germany), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products, LLC (U.S.), Symmetry Surgical Inc. (U.S.), Surgical Holdings (U.K.), KLS Martin Group (U.S.), I.C. Medical Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), and Smith and Nephew plc (U.K.).

The global electrosurgery market is segmented by product (electrosurgery generators, electrosurgery instruments {monopolar instruments and bipolar instruments}, accessories {electrodes, cords, cables and adaptors, and other electrosurgical accessories} and smoke evacuation systems), surgery type (general surgery, obstetrics/gynecological surgery, orthopedic surgery, cardiovascular surgery, oncology surgery, neurosurgery, cosmetic surgery, urological surgery, other surgeries), end user (hospitals & clinics and ambulatory surgical centers), and geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Based on product, in 2024, the electrosurgery generators segment is expected to account for the largest share of the market. Electrosurgery generators or electrosurgical generator units (ESUs) are devices that provide high-frequency electrical currents to enable cutting and coagulation during several laparoscopic and open surgeries. The large market share of this segment can be attributed to the high prices of ESUs, technological advancements, and the wide availability of technologically advanced generators.

Based on surgery type, in 2024, the general surgery segment is expected to account for the largest share of the market. General surgeries encompass a broad range of surgeries pertaining to abdominal organs, breasts, skin, soft tissues, and specific vascular and endocrine systems. The rise in the number of these surgeries due to the increasing geriatric population, preference for minimally invasive techniques, and continued expansion of healthcare facilities contribute to the large market share of this segment.

Based on end user, in 2024, the hospitals & clinics segment is expected to account for the largest share of the market. Hospitals & clinics being the primary healthcare centers for patients, a large number of patients visit hospitals & clinics for disease diagnosis and treatment. The high number of patient visits to hospitals, presence of advanced electrosurgery equipment, growing disease burden requiring surgical interventions, and improving access to medical practices due to growing healthcare spending contribute to the large market share of this segment.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the electrosurgery market, followed by Europe. North America’s major market share can be attributed to the high adoption of technologically advanced products, the presence of key market players, an established healthcare system, the rising preference for minimally invasive surgeries, and the increasing geriatric population.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5396

Key questions answered in the report-

Which are the high-growth market segments in terms of product, surgery type, end user, and regions/countries?
What was the historical market for electrosurgery across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, challenges, opportunities, and trends in the global market of electrosurgery market?
Who are the major players in the global electrosurgery market?
What is the competitive landscape like, and who are the market leaders in the global electrosurgery market?
What are the recent developments in the electrosurgery market?
What are the different strategies adopted by the major players in the electrosurgery market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - February 9, 2024

Electrosurgery Market to be Worth $8.99 Billion by 2031

Electrosurgery Market by Product (Monopolar, Bipolar Instrument, Generator, Smoke Evacuation System, Electrode) Surgery (Obstetrics, Cardiovascular, General, Orthopedic, Oncology, Neurosurgery, Cosmetic) End User (Hospital, ASC) – Global Forecast to 2031

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