Electrosurgical Devices Market (By Product: Electrosurgical Generator, Electrodes, Smoke Evacuation System, Accessories; By Application: General Surgery, Gynecology, Urology, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, and Neurosurgery; By End Use: Hospitals, Ambulatory Surgical Units, and Specialized Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030


The global electrosurgery devices market was valued at US$ 7.88 billion in 2021 and is expected to reach over US$ 12.80 billion by 2030, poised to grow at a compound annual growth rate (CAGR)of 5.5% from 2021 to 2030.

Electrosurgery Devices Market Size 2020 to 2030

Growth Factors

The surgical operations such as gynecological surgery, cardiovascular surgery, general surgery, and others use electrosurgery devices. The thermal destruction of the targeted tissues is achieved with the use of electric current in these devices. The surgical procedures use electrosurgery devices to desiccate, cut, coagulate, and fulgurate tissues. These devices combine with specialist instruments.

The electrosurgery devices increased patients’ and surgeon’s vulnerability to respiratory difficulties caused by smoke generation, regardless their efficiency and accuracy. The surgical smoke is a type of smoke that is very dangerous when inhaled. When a device raises intracellular temperatures, tissues evaporate, producing surgical smoke. It frequently contains carcinogens such as carbon monoxide, benzene, and hydrogen cyanide.

The rise in the number of surgical procedures performed around the world, a huge pool of elderly population, an increase in the frequency of chronic diseases, and technical improvements are all driving the electrosurgery devices market growth. The stringent government regulatory frameworks for product approval, on the other hand, are projected to stifle the industry expansion. However, the high market potential in emerging economiesis likely to generate attractive growth prospects for the electrosurgery devices market.

In recent years, the electrosurgery devices market has seen rapid growth, particularly in developing countries. As the human population grows, so do surgical demands. Furthermore, increased awareness and demand for minimally invasive surgeries are aiding the growth of this industry. The other factors that are aiding the electrosurgery devices market’s expansion include the growing geriatric population, the rising prevalence of chronic diseases, and technological developments in electrosurgery devices to make them more efficient and effective.

This modern equipment, however, necessitate the use of professionals who have been trained in their use. A shortage of trained professionals has resulted from the high expense of training. As a result, these constraints the electrosurgery devices markets expansion. Another factor that has deterred firms from entering this market is the strict regulatory environment, which has stifled electrosurgery devices market expansion.

This electrosurgery device has become increasingly popular in the medical industry due to its reduced heat spread and lower blood loss. The electrosurgery devices are in high demand because they reduce the risk of hemorrhage in patients.

As the number of cardiac surgeries rises, so does the desire for surgical procedures that cause the least amount of pain while retaining as much blood as possible, paving the way for wider use of technological equipment.

The market for high-end radiofrequency devices is being driven by surgeons’ desire for reduced infections following procedures. To ensure minimal tissue damage around the operative site, radiation frequencies are increasingly being used during surgery.

Scope of the Electrosurgical Devices Market

Report Coverage Details
Market Size in 2020 US$ 7.5 billion
Growth Rate from 2021 to 2030 5.5%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, End Use, Region
Companies Mentioned CONMED Corporation, Johnson & Johnson Private Ltd., Stryker Corporation, ErbeElektromedizin GmbH, AngioDynamics Inc., Medtronic Plc, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Smith & Nephew

 

Product Insights

Based on theproduct, the electrosurgical generators segment dominates the electrosurgery devices market during the forecast period. The high utilization volume of reusable and disposable electrosurgical tools can be attributable to the electrosurgical generator segment’s considerable share. Furthermore, technological developments in electrosurgical tools, as well as an increase in the number of plastic and cosmetic procedures, are driving the market growth.

On the other hand, the electrodes segment is expected to grow at rapid pace during the forecast period. The increased frequency of neurological and cardiovascular illnesses, increasing investments in medical device development and a growing desire for ambulatory and home care services are all driving the growth of electrodes segment.

Application Insights

Based on the application, the general surgery dominates the electrosurgery devices market during the forecast period. The growing elderly population and the resulting increase in the frequency of various conditions, the growing number of surgical procedures performed, and the rising incidence of obesity can all be related to the segment’s substantial contribution.

On the other hand, the orthopedic surgery segment is expected to grow at rapid pace during the forecast period. The orthopedic surgeons use electrosurgery devices for the treatment of spine diseases, sports injuries, infections, tumors, musculoskeletal trauma, and congenital diseases.

End Use Insights

Based on the end use, the hospitals segment dominates the electrosurgery devices market during the forecast period. The high share of this segment can be ascribed to the high number of electrosurgery treatments conducted in hospitals, the growing demand for minimally invasive procedures, and the increasing adoption of advanced imaging modalities to increase hospital workflow efficiency. 

On the other hand, the specialized clinics segment is expected to grow at rapid pace during the forecast period. The utilization of electrosurgery devices is high in the specialized clinics such as gynecology, urology, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery.

Region Insights

Based on the region, the North America segment dominated the global electrosurgery devices market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. This is due to the enormous number of players present in the region, as well as the high level of competitiveness. During the projection period, the electrosurgery devices market expansion will be fueled by a high acceptance rate of modern technologies and the presence of competent individuals.

On the other hand, due to large senior population base, rising disposable incomes, and increased knowledge about different types of cancers in patients, Asia-Pacific is expected to lead the electrosurgery devices market over the forecast period. Furthermore, Asia is a big continent that has developed as a hotspot for chronic illnesses. 

Key Companies & Market Share Insights

The electrosurgery devices market is currently fragmented, with only a few players controlling the majority of the market share. However, the recent market dynamics and rising demand for innovative technology are allowing several of new competitors to enter the industry. The growth of local players in developing nations is likely to raise global competitiveness. 

Some of the key market players in the global electrosurgery devices market include:

  • CONMED Corporation
  • Johnson & Johnson Private Ltd.
  • Stryker Corporation
  • ErbeElektromedizin GmbH
  • AngioDynamics Inc.
  • Medtronic Plc
  • Boston Scientific Corporation
  • B. Braun Melsungen AG
  • Olympus Corporation
  • Smith & Nephew

Segments Covered in the Report

By Product

  • Electrosurgical Generator
  • Electrodes
  • Smoke Evacuation System
  • Accessories

By Application

  • General Surgery
  • Gynecology
  • Urology
  • Orthopedic Surgery
  • Cardiovascular Surgery
  • Cosmetic Surgery
  • Neurosurgery

By End Use

  • Hospitals
  • Ambulatory Surgical Units
  • Specialized Clinics

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
  • MEA
  • Rest of the World

Frequently Asked Questions

What is the current size of electrosurgery devices market?
According to Precedence Research, the global electrosurgery devices market size was valued at US$ 7.5 billion in 2020 and is projected to reach over US$ 12.80 billion by 2030.
The global electrosurgery devices market is growing at a CAGR of 5.5% from 2021 to 2030.
The rise in the number of surgical procedures performed around the world, a huge pool of elderly population, an increase in the frequency of chronic diseases, and technical improvements are all driving the electrosurgery devices market growth.
The major players operating in the electrosurgery devices market are CONMED Corporation, Johnson & Johnson Private Ltd., Stryker Corporation, ErbeElektromedizin GmbH, AngioDynamics Inc., Medtronic Plc, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Smith & Nephew.
Based on the region, the North America segment dominated the global electrosurgery devices market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period.

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