Global Bipolar Forceps Market Size (2024 - 2029)

Bipolar Forceps Market Analysis

The bipolar forceps market is expected to register a CAGR of 5.2% over the forecast period.

COVID-19 had a substantial impact on the bipolar forceps market due to its unexpected spread. For instance, as per the article published in 2020 under the title 'Impact of the Coronavirus (COVID-19) pandemic on surgical practice - Part 1', the effect of COVID-19 on a surgeon's routine practice and surgical education has been significant. Surgery has evolved into a crucial staff resource for the healthcare systems dealing with the COVID-19 epidemic because of the cancellation of elective and non-urgent surgeries. During COVID-19, surgeons implemented non-surgical alternatives to treat their patients. In such scenarios, the utilization of surgical instruments such as bipolar forceps, scalpels, and scissors was limited or less. Furthermore, as per the article published in 2020 under the heading 'Impact of Personal Protective Equipment on Surgical Performance During the COVID-19 Pandemic', while utilizing personal protective equipment (PPE) during emergency surgery on COVID-19 patients, surgeons felt that sight, communication, and other non-technical skills were hindered. Their perceived lack of safety and comfort as well as growing exhaustion was likely to be prevented them from doing surgery at their best. Hence as per the factors mentioned above, COVID-19 had a significant impact on the bipolar forceps market.

The major drivers propelling the growth of the bipolar forceps market are the increasing prevalence of chronic diseases and the increasing adoption of minimally invasive procedures globally. According to the CDC 2020 report, 90% of the nation's USD 3.8 trillion per year healthcare costs were likely to be attributed to people with chronic diseases and mental health conditions. Furthermore, as per the report from Commentary on Chronic Disease Prevention in 2022, a recent 'Partnership to Fight Chronic Disease' publication showed that treatment of the seven most common chronic diseases, coupled with productivity losses, was anticipated to cost the U.S. economy USD 2 trillion dollars annually which is likely to be USD 8,600 per person by 2030. Additionally, the increasing investments in the research and development activities for the innovation of advanced bipolar forceps products by major players are expected to drive the market. Thus, considering the mentioned facts and key drivers, the studied market is anticipated to propel over the forecast period.

As a result of the reasons outlined, the explored market is anticipated to grow throughout the analysis period. However, the lack of awareness regarding advanced surgical devices and the high cost of devices in developing countries restrain the market growth.

Bipolar Forceps Industry Segmentation

As per the scope of the report, bipolar forceps are advanced medical instruments that are used in surgical procedures to grasp, manipulate and coagulate selected tissue. The electric current alternates between the two tips of the bipolar forceps and thus reduces the length of the current's path and aids in producing a precise, controlled therapeutic effect. The Bipolar Forceps Market is segmented by Type (Disposable, Reusable), Application (General Surgery, Gynecology, Neurology, Plastic Surgery, Others) End Users (Hospitals, Ambulatory Surgical Centers, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.