Electrosurgery Market By Product Type (Radiofrequency Electrosurgery Devices, Electrocautery Devices, Ultrasonic Electrosurgery Devices), By End User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2022 to 2032

Electrosurgical devices are widely used during surgical procedures in urology, gynecology, dermatology plastic surgery, cardiovascular surgery, general surgery and other surgical markets. Electrosurgery is used in almost 80% of all surgical procedures for cutting and coagulation of tissue. Increasing shift from traditional surgical procedures to minimally invasive techniques will propel growth of electrosurgery market in the future. These procedures are performed through smaller incisions rather than large opening leading to lower blood loss and quick recovery of patients. Benefits associated with these less-invasive treatments such as speedy recovery, reduced hospitalization period, curtailed risk of infections and lower operative pain will positively influence market growth over the coming years. Minimally invasive surgeries also reduce the incidence of post-surgical complications thereby stimulating demand. Moreover, major industry players are also investing in R&D to develop technologically advanced electrosurgical devices. For instance, in May 2019, Olympus Corporation launched ESG-150 electrosurgery generator. The ESG-150 supplies high-frequency electric current that powers endoscopic devices and enables physicians to achieve positive outcomes in gastrointestinal and pulmonary endoscopic procedures.

The global electrosurgery market has been segmented based on product, surgery type, end-users, and region. On the basis of product, the global electrosurgery market is segmented into electrosurgical generators, electrosurgical instruments, electrosurgical accessories, and smoke evacuation systems. Electrosurgical instruments are further categorized into monopolar and bipolar electrosurgical instruments. Monopolar electrosurgical instruments are sub-categorized into electrosurgical electrodes, electrosurgical pencils, monopolar forceps, and suction coagulators. Bipolar electrosurgical instruments are further segmented into bipolar forceps, and advanced vessel sealing instruments. Electrosurgical accessories are further classified into patient return electrodes, cords, cables, and adapters, and other accessories. Electrosurgical instruments grabbed majority share of the global market in 2018. Rapid technological advancement in electrosurgical instruments, wide adoption of bipolar and monopolar instruments in laparoscopic surgeries owing to enhanced safety and ease of use is expected to drive the growth of the segment in the coming years.

Based on type of surgery, the global electrosurgery market is segmented into general surgery, cosmetic surgery, neurosurgery, gynecology surgery, orthopedic surgery, cardiovascular surgery, urological surgery and others. General surgery segment dominated the global electrosurgery market in 2018. On the basis of end-users, the global electrosurgery market is categorized into hospitals & clinics, ambulatory surgical centers (ASCs) and others. Hospitals held the majority of the market share in 2018 due to high rate of surgical procedures performed in hospitals which escalates the demand for electrosurgical devices.

The global electrosurgery market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global electrosurgery market in 2018, however Asia Pacific is expected to grow at a highest pace through 2025.

Presence of large elderly patient pool, rapid adoption of minimally invasive procedures along with increase in volume of surgeries performed in the U.S. is major factor expected to drive the electrosurgery market in the region. Presence of such large patient population will increase the surgical volume, thereby, driving the demand for electorsurgical devices in the future. Furthermore, advent of new technologically advanced electrosurgical devices by key industry players and presence of well-established healthcare infrastructure are other major factors likely to boost the growth of the market in North America.

However, Asia Pacific is expected to grow at a rapid pace over the next few years. There is a strong growth potential in the emerging economies such as India, and China. The rapidly rising geriatric population suffering from chronic disorders in countries such as India and China provide large market for electrosurgical devices. Growing popularity of cosmetic surgeries and growing awareness about minimally invasive procedures in the developing countries will further stimulate demand for electrosurgical devices over the coming years.