img

Global Electrosurgery Generator Market Size By Type (Monopolar, Bipolar), By End User (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Electrosurgery Generator Market Size By Type (Monopolar, Bipolar), By End User (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast

Electrosurgery Generator Market Size And Forecast

Electrosurgery Generator Market size was valued at USD 1.88 Billion in 2024 and is projected to reach USD 3.21 Billion by 2031, growing at a CAGR of 6.94% from 2024 to 2031.

Owing to the latest and modern technology in the area of surgery and escalated investment in the healthcare sector, the demand for electrosurgery generators has increased. The Global Electrosurgery Generator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Electrosurgery Generator Market Definition

Electrosurgery is a process that changes the electrical energy (current) to heat energy which is used for several medical purposes, such as to stop the bleeding (hemostasis) or to destroy abnormal skin growths. Moreover, electrosurgery consists of several procedures that use electricity to cause thermal destruction of tissue through dehydration, coagulation, or vaporization. Therefore, High-frequency electrocautery and electrosurgery are the two major commonly used types of electrosurgery. Electrosurgical generators use a high-frequency electrical current to cut tissue and control bleeding by causing coagulation. In addition, tissue defiance to the more-frequency current purpose is a warming consequence that results in tissue demolition.

Moreover, to make a more-frequency electric current, the electrosurgery generators are manufactured. The electrosurgery generators bring out distinct classes of electric current so that bipolar electrosurgery or monopolar electrosurgery can be executed, depending upon the particular surgery type. Furthermore, in monopolar electrosurgery, the current transfers from the probe electrode to the tissue, and the circuit is ended as the current is turned back through the patient, with the aid of a return pad established elsewhere on the patient. However, in the bipolar technique, no return pad is needed because the current only transfer through the tissue, not the patient’s entire body. Therefore, in both kinds of electrosurgery, there is a necessity for generators via which, a more density electric current can be brought out.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Electrosurgery Generator Market Overview

Electrosurgery has extensive use in numerous endoscopic appeals, such as polypectomy, hemostasis, and tissue resection. The appearance of flexible duodenoscopes and miniaturized electrosurgical tools permits electrosurgical applications to be applied to endoscopic retrograde cholangiopancreatography (ERCP), permitting sphincterotomy, tumor ablation, and intracorporeal stone destruction (lithotripsy). Electrosurgery is used quite frequently in dermatologic procedures, whether it be for the removal of benign or malignant neoplasms or cosmetic indications such as acne keloid nuchae or dermatosis papulose Nigerians removal.

Owing to the latest and modern technology in the area of surgery and escalated investment in the healthcare sector, the demand for electrosurgery generators has increased. Therefore, elements like being less invasive, swift post-surgery recovery, and the least range of infection is fueling its demand. Moreover, growth in the percentage of the elderly population and cosmetic surgeries act as the key growth driver of the Electrosurgery Generator Market. On the contrary, the availability of other non-invasive ways of surgery is act as a major restrain and diminishes the growth of the Electrosurgery Generator Market. Also, Electrosurgery bears the risk of fire or explosion if flammable materials, such as alcohol, oxygen, and bowel gases, are near the treatment site which also hinders the growth of the market.

Global Electrosurgery Generator MarketSegmentation Analysis

The Global Electrosurgery Generator Market is Segmented on the basis of Type, End User, And Geography.

Electrosurgery Generator Market, By Type

  •  Monopolar
  •  Bipolar

Based on Type, The market is classified into Monopolar and Bipolar. The Monopolar segment holds a big market share. Therefore, monopolar surgery is more commonly used due to its effectiveness. On the contrary, bipolar surgery is preferred for patients who have life-sustaining devices in their bodies that might fail if a current is passed through.

Electrosurgery Generator Market, By End User

  •  Hospitals
  •  Ambulatory Surgical Centers
  •  Others

Based on End User, The market is classified into Hospitals, Ambulatory Surgical Centers, and Others. The Hospital segment holds the big market share. The Hospitals are equipped with advanced & modern technologies and skilled healthcare professionals, which further boosts segment growth.

Electrosurgery Generator Market, By Geography

  •  North America
  •  Europe
  •  Asia Pacific
  •  Rest of the world

On the basis of Geography, The Global Electrosurgery Generator Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in patient population, increasing appeal for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Key Players

The “Global Electrosurgery Generator Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Conmed Corporation, Medtronic, DuPuy., Olympus Corporation, KLS Martin Group, Ethicon, Zimmer Biomet Holdings, Inc, Smith & Nephew plc, Olympus Corporation, and Boston Scientific.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  •  In March 2021, Boston Scientific has announced to acquire the Surgical Business of Lumenis LTD. Boston Scientific has had a relationship with Lumenis for more than 20 years.
  •  In May 2019, Olympus had announced to launch new Electrosurgery Generator named ESG-150. The new ESG-150 possesses features that enhance both patient safety and ease of use.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Conmed Corporation, Medtronic, DuPuy., Olympus Corporation, KLS Martin Group, Ethicon, Zimmer Biomet Holdings, Inc.

SEGMENTS COVERED

• By Type• By End User• By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )