Market Trends of Global Bipolar Forceps Industry
This section covers the major market trends shaping the Bipolar Forceps Market according to our research experts:
The Disposable Segment is Expected to Grow Significantly Over the Forecast Period
The disposable bipolar forceps are sterile single-use instruments mostly available in stainless steel. The disposable bipolar forceps offer freedom from autoclaving and reprocessing, repair, and repeated handling, and are cost-effective instruments. Some of the disposable bipolar forceps available commercially include LIBERTY, COHEN, LIBERTY AURA, ActiLine EcoCeps, and many more. Among the disposable bipolar forceps, non-stick bipolar forceps are highly used as it provides various benefits such as prevention of tissue sticking to the tip, don't require cleaning, reduce toxic surgical smoke, and are compatible with standard electrosurgery units. The Stryker Corporation's Spetzler-Malis Disposable Bipolar Forceps is one such non-stick bipolar forceps that delivers optimal sightlines, balanced high-comfort ergonomics, and superb non-stick coagulation performance. Thus, in view of the increased advantages of disposable bipolar forceps, the studied segment is expected to grow over the forecast period.
Furthermore, the presence of competitors, product launches, and improved annual revenue in the disposable bipolar forceps segment competitors boost the market growth. For instance, Integra LifeSciences's annual revenue for the segment Codman Specialty Surgical was registered as more than 1 million (1,025,232) in the financial year 2021. The segment has revenue from its product range named 'CODMAN VersaTru', a standard disposable non-stick bipolar forceps having active heat transfer (AHT) technology that controls tip and tissue temperature. Furthermore, regulatory approvals and product launches relating to the disposable bipolar forceps fuel market growth. For instance, In February 2022, Erbe Elektromedizin GmbH launched 12 new single-use bipolar forceps that are likely to be available in the CE and CE-related markets.
As a result of the aforementioned factors, the disposable bipolar forceps segment is predicted to develop significantly throughout the forecast period.
North America Dominates the Market and is Expected to Grow During the Forecast Period
Factors such as the adoption of minimally invasive procedures and the increasing prevalence of chronic diseases are expected to drive the growth of the studied market in North America. According to the 2022 update from CDC, six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in America, and they are also a leading driver of health care costs up to USD 4.1 Trillion annually. Additionally, most of the major players in the studied market such as Johnson and Johnson, Medtronic, CONMED Corporation, Becton, Dickinson, and Company, and many more are concentrated in the United States. Thus, in view of the aforementioned factors, North America is expected to propel significantly in the Bipolar Forceps market over the forecast period.
Moreover, the increasing number of research and development in the field of bipolar forceps in the studied region boosts the market growth. For instance, as per the article published in 2022 under the title 'Comparison of operative outcomes between monopolar and bipolar coagulation in hepatectomy: a propensity score-matched analysis in a single center', To lessen intraoperative bleeding, a saline-coupled bipolar forceps coagulation system is regarded as a trustworthy and safe hemostatic tool. When compared to the use of bipolar forceps devices, the use of monopolar forceps devices was anticipated to raise the occurrence of problems including intra-abdominal infection and ascites. Hence it is advisable to use bipolar forceps and which leads to the adoption of bipolar forceps at a higher pace and boosts the market growth.
The analyzed market is predicted to grow in the North American region because of the preceding factors.
