Electrosurgical devices Global Market estimated to be worth $6,273.2 million by 2025
Electrosurgery procedures employ devices where electrical energy is used to achieve a desired clinical effect in which a radio-frequency (RF), alternating current at a various voltage ranging from 200-10,000V is passed through the biological tissues to cut, coagulate, desiccate, or even to fuse tissue. Its benefit includes the ability to make precise cuts with limited blood loss during surgery. In electrosurgical procedures, the tissue is heated by an alternate current. Even though electrical devices are used for the cauterization of tissue in some applications, electrosurgery is considered as a quite different method than electrocautery as they utilize heat conduction from a probe heated by a direct current. The main advantage of using electrosurgical devices over electrocautery devices is that they reduce damage to the surrounding tissues as these devices are highly precise where the Low voltage is preferred for cut modes and a high voltage is preferred for coagulation mode. According to IQ4I analysis, the electrosurgical devices global market is expected to grow at mid single digit CAGR to reach $6,273.2 million by 2025.
Increase in the use of minimally invasive surgeries, rapid growth in the aging population, growing number of cosmetic surgeries, prevalence of obesity and its related surgeries, advancement of technology, and demand for electrosurgical procedures in emerging regions are driving the growth of the electrosurgical devices global market. However, the risk of side effects, rising incidence of product recalls, preference for non-invasive procedures, healthcare reforms especially government pressure to minimize healthcare costs and pricing pressure on device manufacturers are restraining the growth of electrosurgical devices global market.
Technological advancements and new product launches are mainly observed such as launch of geometric electron modulation technology by Ethicon In 2017, which is a new category of intelligent device that focuses energy to the tapered edges of a blade and modulates the power level to create a low voltage plasma and maintains the constant minimum voltage required for cutting at the surgical site. It achieves an optimal cutting effect resulting in significantly less thermal damage when compared to standard Monopolar electrosurgery. In 2018, new products were lunched which includes, introduction of Irrigation Tubing Bipolar Cord Sets by New Deantronics Taiwan Ltd which are intended to provide irrigation and energy simultaneously to bipolar forceps.
The electrosurgical market is highly consolidated but characterized by multiple merger & acquisitions, expansions, deals, agreements and new product launches as to expand their respective service portfolios. For instance, in February 2019 CONMED acquired Buffalo filter that develops, manufactures and markets smoke evacuation technologies, which is complementary to CONMED's Advanced Surgical portfolio. In 2018, Cathay Manufacturing Corporation launched Disposable Electrosurgical Pencils, CP1001 Series in which used for cutting and coagulation to remove tissue and control bleeding by using high frequency during electrosurgical with a specified Electrosurgery Unit (ESU) generator.
The electrosurgery devices market is segmented based on products, surgery and geography. Among the electrosurgical products, instrument/units held the largest market share in 2018. In electrosurgical instruments market, the monopolar instruments held the largest market share in 2018 followed by bipolar instruments. Monopolar has a wide range of options and modalities such as cut, blend, desiccation, and fulguration and also because of its versatility and effectiveness Monopolar has the highest share.
Among surgeries, oncology held the largest market share in 2018. Cosmetic & dermatology surgery segment is expected to grow at high single digit CAGR due to the rising awareness and growing adoption rate of these treatments.
In electrosurgical devices global market based on geography, North American region held the largest market share in 2018 and the market is expected to grow at mid-single digit CAGR due to the availability of highly advanced healthcare facilities, growing awareness about the technological advancements, availability of Medicare and third party insurance facilities, easy availability of skilled personnel and Asia-pacific is the fastest growing region and is expected to grow at high single digit CAGR from 2018 to 2025 due to increasing in healthcare spending, advancements in healthcare facilities, growing number of health insurers.
Some of the major companies operating in the electrosurgical devices market area. Braun Melsungen AG (Germany), Apyx Medical Corporation (U.S.), Bowa Electronic GmbH & Co. KG (Germany), CONMED Corporation (U.S.), Medtronic, PLC (Covidien) (Ireland), Erbe Electromedizin GmbH (Germany), Johnson & Johnson (Ethicon) (U.S.), Olympus Corporation (Japan), Smith &Nephew PLC (U.K.), Utah Medical Products Inc. (U.S.), Applied Medical Resources Corporation (U.S.) and KLS MARTIN Group, LLC (Germany) are considered to be the leaders in this space with their marketed products and strong pipelines. Some of the emerging players in electrosurgical devices are ÜZÜMCÜ Medical Equipment (Turkey), Telea electronics engineering (Italy), Olives (India), Atricure Inc., (U.S.), Stryker Corporation (U.S.), Arthrex Inc., (U.S.), Wisap medical technology (Germany), and Maxer Endoscopy (Germany), etc.,
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