Global Monopolar Electrosurgery Market Size By Product (Hand Instrument, Electrosurgical Generators), By Surgery-Type (General Surgery, Obstetrics/Gynecology Surgery), By End-User (Hospitals, Clinics, & Ablation Centers), By Geographic Scope And Forecast

Monopolar Electrosurgery Market Size And Forecast

Monopolar Electrosurgery Market size was valued at USD 1.92 Billion in 2021 and is projected to reach USD 2.68 Billion by 2030, growing at a CAGR of 3.8%  from 2023 to 2030.

Factors such as increasing technological development in electrosurgical devices, growing demand for minimally invasive surgical procedures, a rise in the number of cosmetic surgical procedures, and an increase in the pediatric population are likely to boost the market in the forecasted period. The Global Monopolar Electrosurgery 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 Monopolar Electrosurgery Market Definition

Electrosurgery uses high-frequency energy to precisely cut tissue and keep electrons in place for a clinical cut. A return current from an electrosurgical generator goes through return electrodes to the body of a patient when using monopolar devices. Tissue-cutting techniques include blended cut, pure cut, desiccation, and spray. They are mostly utilized for accurate surgical incisions or to reduce blood loss during surgery by producing coagulation muring. A disposable or reusable electrosurgical pencil is utilized for this purpose.

Global Monopolar Electrosurgery Market Overview

The market outlook portion of the research focuses on the basic characteristics of the market, such as key drivers, constraints, opportunities, and challenges. The market’s inherent aspects are its drivers and restrictions, whilst its extrinsic ones are its opportunities and challenges.

Factors such as increasing technological development in electrosurgical devices, growing demand for minimally invasive surgical procedures, a rise in the number of cosmetic surgical procedures, and an increase in the pediatric population are likely to boost the market in the forecasted period. The increasing issue of obesity which leads to more demand for electrosurgical products can also act as a growth factor in the coming years. In contrast, reimbursement issues along with the risks involved in using these devices are some of the factors that can hamper the market growth of the global Monopolar Electrosurgery Market.

In all regions, several governments have actively supported and accepted elective procedures. Major expenditures are being made to provide patients with convenient access to these operations. Furthermore, an increase in the frequency of chronic illnesses, as well as an increase in the number of persons undergoing surgery, is driving market development. This is due to financial and technical pressures being applied to healthcare systems across the world. To address this, governments are enacting a variety of programs to improve healthcare facilities.

Global Monopolar Electrosurgery Market Segmentation Analysis

The Global Monopolar Electrosurgery Market is Segmented on the basis of Product, Surgery-Type, End-User, And Geography.

Monopolar Electrosurgery Market, By Product

• Hand Instrument
  1. Electrosurgical Pencils
  2. Monopolar Forceps
  3. Monopolar Electrodes
• Electrosurgical Generator
• Return Electrode
  1. Single-Use
  2. Re-usable
• Electrosurgical Accessories
  1. Footswitches
  2. Connectors
  3. Others

Based on Product, the market is segmented into Hand Instrument, Electrosurgical Generators,  Return Electrode, and Electrosurgical Accessories. In 2021, hand instruments accounted for the largest market share. The market for monopolar electrosurgery tools has grown thanks to the frequent introduction of fresh monopolar hand devices by top industry players. The growth of this category is also being fueled by technical advancements in electrosurgical instruments and a rise in the number of cosmetic and plastic surgeries.

Monopolar Electrosurgery Market, By Surgery-Type

• General Surgery
• Obstetrics/Gynecology Surgery
• Urological Surgery
• Orthopedic Surgery
• Cardiovascular Surgery
• Cosmetic Surgery
• Neurosurgery
• Oncological Surgery
• Other Surgeries

Based on Surgery-Type, the market is segmented into General Surgery, Obstetrics/Gynecology Surgery, Urological Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Oncological Surgery, and Other Surgeries. In 2021, General surgery accounted for a significant market share. The monopolar electrosurgical market for general surgery is expanding due to factors including the rising elderly population, the rising number of surgical facilities, and the rising healthcare infrastructure in emerging countries.

Monopolar Electrosurgery Market, By End-User

• Hospital, Clinics, & Ablation Centers
• Ambulatory Surgical Centers
• Research Laboratories & Academic Institutes

Based on By End-User, the market is segmented into Hospitals, Clinics, & Ablation Centers, Ambulatory Surgical Centers, and Research Laboratories & Academic Institutes. The Hospital, Clinics, & Ablation Centers segment accounted for the largest market share in 2021. This can be due to the growing use of technologically advanced products, growing investments in healthcare instruture, and an increased emphasis on successful medical results. Additionally, minimally invasive techniques are being used in medical settings to shorten recovery times and minimize problems after surgery.

Monopolar Electrosurgery Market, By Geography

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

On the basis of Geography, the Global Monopolar Electrosurgery Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. . In 2021, North America accounted for the largest market share among the other regions. A sophisticated healthcare system and higher per capita spending may be the causes of this dominance. Increased awareness of the advantages of electrosurgery and the rising frequency of chronic diseases are expected to fuel market growth in the region. The US FDA’s increased approval of novel equipment is also anticipated to boost the Monopolar Electrosurgery Market growth potential.

Key Players

The “Global Monopolar Electrosurgery Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Medtronic Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, Meyer-Haake GmbH, CONMED Corporation, Apex Medical Corporation, Boston Scientific, and Smith & Nephew plc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into 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 September 2021, Olympus Corporation has announced the release of the first devices in the new POWERSEALTM series of advanced bipolar surgical energy tools. The POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider, Double-Action devices offer constant sealing dependability in an ergonomic, versatile design that optimizes procedural efficiency, meeting the highest clinical performance criteria for advanced bipolar surgical energy devices.
• In April 2021. Encision Inc. & Auris Health (a division of Johnson & Johnson Medical Devices Company) inked a Master Services Agreement (MSA) to collaborate on the development of equipment that would make Envision’s AEM technology suitable with Auris Health’s monopolar instruments.
• In May 2019, Olympus launched ESG-150 electrosurgery generator at digestive disease week 2019. The ESG-150 electrosurgery generator has continuous voltage regulation and automatically produces the lowest effective adjusted power output, allowing clinicians to achieve good outcomes in typical GI and pulmonary endoscopic operations. The straightforward design of the ESG-150 system facilitates usage and setup, allowing for use optimization and overall procedural efficiency. The new ESG-150 contains features that improve both patient safety and convenience of use, which are the foundations around which the ESG-150 was designed.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global foot orthotic insoles market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global foot orthotic insoles market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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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 w