The Electrosurgical Devices Market is to Touch $8.4 Billion by 2030; Increase in Chronic Diseases Enhancing Investment in State-of-the-Art Healthcare Facilities propels market growth.

Electrosurgical Devices Market size is expected to reach $8.4 billion by 2030 after growing at a CAGR of 5.2% during the forecast period 2024-2030, according to the latest market research report published by IndustryARC. The rising prevalence of chronic diseases, growing number of surgical procedures, and the increasing investment in advanced healthcare facilities in developing countries are set to drive the electrosurgical devices market, finds IndustryARC in its recent report, titled “Electrosurgical Devices Market -  By Product Type (Electrosurgery Generators, Electrosurgery Instruments, Smoke Management Systems, Accessories & Others), By Type (Monopolar, Bipolar), By Application (General Surgery, Gynecology, Cardiology, Urology, Dermatology and Cosmetology, Orthopedics, Neurology, Oncology, Dentistry, Gastrointestinal Surgery and Others), By End-Use Industry (Hospitals, Ambulatory Surgery Centers, Specialized Clinic), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.

Developing countries are experiencing a period of significant healthcare infrastructure growth. Ever since the pandemic, investments are pouring in from governments and private investors into building new hospitals and upgrading existing facilities. In April 2024, RH Managers, a private equity firm specializing in healthcare investments, announced the completion and commencement of operations of Herolim Private Hospital, a healthcare facility in Mthatha, South Africa with an investment of $14.2 million. In December 2023, The Asian Development Bank approved a $650 million investment loan to upgrade and enhance primary healthcare facilities and public health laboratories in Indonesia to improve the prevention, detection, and treatment of various diseases. Thus, there is a growing demand for advanced healthcare facilities which drives the demand for electrosurgical devices in these countries. 

• Electrosurgery Generators

• Electrosurgery Instruments

• Smoke Management Systems

• Accessories

• Others

• Monopolar

• Bipolar

  

• General Surgery

• Gynecology

• Cardiology

• Urology

• Dermatology and Cosmetology

• Orthopedics

• Neurology

• Oncology

• Dentistry

• Gastrointestinal Surgery

• Others

• Hospitals

• Ambulatory Surgery Centers

• Specialized Clinic

• North America

• South America

• Europe

• Asia-Pacific

• Rest of the World

Globally, chronic diseases like diabetes, heart disease, and cancer are becoming increasingly common. This rise is due to factors like an aging population, less active lifestyles, and inadequate preventative measures. he global diabetic population set to reach around 700 million by 2045, as per the International Diabetes Federation (IDF). Many chronic diseases require surgery for treatment or management. For instance, coronary artery bypass surgery helps with heart disease, while some cancers require tumor removal. 

Geographically, North America held the largest share with 39% of the overall market in 2023, owing to the region’s well-developed healthcare industry. North America has a well-established regulatory framework for medical devices, ensuring a certain level of quality and safety for electrosurgical devices. Additionally, the growing prevalence of chronic diseases in the country necessitates surgical procedures.  According to the American Heart Association, by 2030 more than 40% of the US population is projected to have some form of cardiovascular disease.

By application, Neurology is expected to grow with the fastest CAGR during the forecast period. With the growth in aging population, neurological disorders like Parkinson's disease and epilepsy increases. According to the Parkinson’s Foundation, the incidence of Parkinson’s Disease increases with age in the 65+ range. These neurological conditions often require minimally invasive surgical interventions, where electrosurgical devices are required. Additionally, advancements in brain mapping and imaging technologies allow for more precise targeting during neurological procedures. This accuracy is crucial for minimizing damage to healthy brain tissue, which is a major benefit offered by electrosurgery.

Robotic surgery and AI are merging to create exciting advancements in minimally invasive procedures. Electrosurgical devices are being specifically designed for compatibility with robotic arms. This integration allows for seamless control and improved functionality within the robotic environment. Robotic surgery adds the power of computing to surgical movement. The surgeon sits at a modified computer control panel. This allows the operator to control variables such as motion scaling which helps filter out natural tremor, camera magnification as well as picture in picture display of other video input sources.

Pulsed Field Ablation (PFA) is a promising electrosurgical technique. It utilizes short, high-voltage electrical pulses to target specific tissues. Voltage typically ranges from 1 kV to 3 kV, with currents reaching 100 Amps. Unlike traditional ablation methods, PFA triggers irreversible electroporation, causing cell death within the target area. PFA holds significant potential for treating cardiac arrhythmias, particularly atrial fibrillation. By selectively targeting heart muscle tissue while leaving nearby structures unharmed, PFA can create durable lesions. These lesions are crucial for restoring normal electrical conduction within the heart. In January 2024, Boston Scientific received FDA approval for the FARAPULSE Pulsed Field Ablation System.

• Electrosurgical Devices Market size and Forecast 

• Electrosurgical Devices Market trends

• Electrosurgical Devices Market analysis by product type

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Electrosurgical Devices Market size estimation and forecast

• Analysis and predictions on end user behavior and upcoming trends 

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Electrosurgical Devices Market

During the COVID-19 pandemic, the medical sector was strained and several surgeries, unless urgent, were postponed. As per a PubMed study published in December 2021, the overall rate of surgical procedures decreased by 48% during the initial shutdown of elective procedures in the United States. This decline in surgical procedures also led to a decreased demand for electrosurgical devices, which significantly impacted the market growth during the pandemic. 

The Russia-Ukraine war disrupted the electrosurgical device market through supply chain slowdowns and sanctions. The shortage of key components required to manufacture the devices impact production. Additionally, sanctions on Russia restrict sales which led to price fluctuations and potential shortages in some regions.

The companies profiled in the Electrosurgical Devices Market include:

• Stryker. Corporation

• B. Brawn Melsungen AG.

• Boston Scientific Corporation

• Medtronic Plc

• Smith & Nephew

• Erbe Elektromedizin GmbH

• Johnson & Johnson

• Angio Dynamics Inc. 

• Olympus Corporation

• CONMED Corporation

• KLS Marten

• BOWA Electronic Gmbh & Co KG

• Bovie Medical Corporation

• Kirwan Surgical Products LLC 

• Symmetry Surgical Inc. 

 Surgical Instruments Market – Surgical Instruments market size is forecast to reach $35.8 billion by 2030, growing at a CAGR of 8.4% during the forecast period 2024-2030. Surgical instruments are tools or equipment used for purposes such as cutting, dissecting, gripping, holding, dilating or expanding, suctioning, retracting, or suturing.

 Surgical Sealants & Adhesives Market - The Surgical Sealants & Adhesives market was valued at $2.1 Billion in the year 2020. The market is poised to grow at a CAGR of 8.1% over the forecast period of 2021-2026. Surgical Sealants & adhesives are of primary need post any surgery in consideration.

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Mr. Venkat Reddy

IndustryARC

Email: [email protected]

Web: https://www.industryarc.com

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