Market Size of Electrosurgical Generators Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.90 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Electrosurgical Generators Market Analysis
The electrosurgical generators market is expected to register a CAGR of 6.9% over the forecast period.
Although COVID-19 was not a surgical disease, it considerably impacted surgical practice. A surgical plume is a by-product of energy devices, including electrosurgical instruments, that creates thermal tissue damage. The structure and stability of the virus, the possible dose to which operating room staff exposed it, and the temperature at which the electrosurgical device produced the smoke were a few factors that affected the infectiousness of viral particles discovered in the surgical plume. Such instances significantly restricted the use of electrosurgical generators in surgical operations amid the outbreak.
However, the introduction of newer guidelines for safety under minimally invasive surgery (MIS), like electrosurgical procedures, was undertaken in the years 2021 and 2022, impacting the market's growth positively. As per the report published by the Journal of Surgical Endoscopy in March 2022, for every open procedure, precautions were taken to keep the operating room staff from being exposed to the surgical plume, which may include viruses. Hence, the safety precautions for surgical plumes during electrosurgical procedures helped physicians and patients perform the surgery with minimal exposure to COVID-19. Such factors have contributed to the market's growth in the post-pandemic phase. Furthermore, as per the analysis, the market is likely to achieve its pre-pandemic growth in the next two to three years.
In addition, the electrosurgical generator market is expected to grow due to the rise in chronic diseases and the geriatric population, increasing demands for minimally invasive surgeries, and technological advancements in electrosurgical units. For instance, according to the British Heart Foundation's 2022 report, approximately 7.6 million people in the United Kingdom have heart and circulatory disorders. Moreover, with an aging and growing population, as well as underlying conditions affecting the heart and circulatory system, these numbers could keep rising. Electrosurgical generators play a vital role in cardiac surgeries, helping to cut the tissues and control bleeding. Thus, the increasing burden of heart-related disorders will, in turn, boost the demand for electrosurgical generators in healthcare settings over the coming years.
Furthermore, the new research studies on electrosurgical devices reveal the safety profile of the devices and help in the market's growth. For instance, as per the study report by Cristina Ibanez Jimenez in February 2022, SynchroSeal's multifunctional design with the E-100 electrosurgical generator provides enhanced sealing and transection capabilities with an acceptable safety profile. Thus, the new studies help the market by providing efficient and safe products and will drive the market over the forecast period. However, the risks associated with electrosurgical procedures and stringent regulatory frameworks are the major factors hindering market growth.
Electrosurgical Generators Industry Segmentation
Electrosurgical generator units (ESUs) facilitate therapeutic endoscopy by supplying the high-frequency electrical current required for many endoscopic accessories. The term electrosurgical energy describes the transformation of alternating electrical current produced by the ESU into thermal energy within the tissue.
The Electrosurgical Generators Market is Segmented by Type (Monopolar, Bipolar, and Both), Application (General Surgery, Urology, Neurology, Gynecology, Gastroenterology, and Other Applications (Cardiology, Plastic Surgery, and Dermatology)), End-user (Hospitals, Ambulatory Surgery Centers, and Other End-users (Clinics, Trauma Centers, among others)), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). 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.
By Type | |
Monopolar | |
Bipolar | |
Both |
By Application | |
General Surgery | |
Urology | |
Neurology | |
Gynecology | |
Gastroenterology | |
Other Applications (Cardiology, Plastic Surgery, and Dermatology) |
By End-user | |
Hospitals | |
Ambulatory Surgery Centers | |
Other End-users (Clinics, Trauma Centers, among others) |
By Geography | ||||||||
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Electrosurgical Generators Market Size Summary
The electrosurgical generators market is poised for significant growth, driven by the increasing demand for minimally invasive surgeries and technological advancements in electrosurgical units. The market is recovering from the impacts of the COVID-19 pandemic, which had initially restricted the use of these generators due to concerns over surgical plumes potentially carrying viral particles. However, the introduction of new safety guidelines for minimally invasive procedures has positively influenced market growth. The rising prevalence of chronic diseases, particularly heart-related disorders, and the expanding geriatric population are further propelling the demand for electrosurgical generators, as these devices play a crucial role in surgical procedures such as cardiac surgeries. Additionally, ongoing research and development efforts are enhancing the safety and efficiency of electrosurgical devices, contributing to market expansion.
In North America, the electrosurgical generators market is expected to be dominated by the United States, supported by advanced healthcare facilities and technological innovations. The increasing burden of chronic diseases, such as cancer, and longer wait times for open surgeries are driving the demand for minimally invasive procedures, thereby boosting the market. New product approvals and launches by key players, such as Ethicon and Olympus, are expanding the application scope of electrosurgical generators, further fueling market growth. The market is moderately fragmented, with major players like Medtronic, CONMED Corporation, and Johnson & Johnson Services, Inc. leading the industry. Strategic acquisitions and funding, such as Aspen Surgical's acquisition of Symmetry Surgical and US Medical Innovations' private placement deal, are also supporting the development and manufacturing of advanced electrosurgical devices.
Electrosurgical Generators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in Chronic Diseases and Geriatric Population
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1.2.2 Increasing Demand for Minimally Invasive Surgeries
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1.2.3 Technological Advancements in Electrosurgical Units
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1.3 Market Restraints
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1.3.1 Risks Associated with Electrosurgical Procedures
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1.3.2 Stringent Regulatory Frameworks
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Type
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2.1.1 Monopolar
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2.1.2 Bipolar
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2.1.3 Both
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2.2 By Application
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2.2.1 General Surgery
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2.2.2 Urology
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2.2.3 Neurology
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2.2.4 Gynecology
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2.2.5 Gastroenterology
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2.2.6 Other Applications (Cardiology, Plastic Surgery, and Dermatology)
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2.3 By End-user
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2.3.1 Hospitals
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2.3.2 Ambulatory Surgery Centers
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2.3.3 Other End-users (Clinics, Trauma Centers, among others)
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Electrosurgical Generators Market Size FAQs
What is the current Electrosurgical Generators Market size?
The Electrosurgical Generators Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in Electrosurgical Generators Market?
Medtronic, CONMED Corporation, Johnson & Johnson Services, Inc. (Ethicon, Inc.), Olympus Corporation and B. Braun SE are the major companies operating in the Electrosurgical Generators Market.