Forecasts state that the global electrosurgery generator market size will develop at a compound annual growth rate (CAGR) of 7.7%, reaching a valuation of US$ 1.6 billion in 2023 and US$ 3.4 billion by the end of 2033.
Changing the electrical current that the electrosurgical generating units (ESU) produce into heat energy within tissue is a process known as electrosurgery. The rise in surgical procedures is one of the key factors anticipated to propel the growth of the market for electrosurgical generators during the forecast period. Demand for minimally invasive procedures as well as the rising ageing population further adds to the growth of the market.
The ability to cut or cauterize tissue with a high-frequency electrical current makes electrosurgical generators (ESG) more and more common. Because it provides surgeons with a precise and controllable energy source during surgery, an ESG is essential. With the help of this electrical energy, the tissue is cut or coagulated. Electrosurgery Generator demand is expected to rise due to the demand for least invasive procedures.
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Laparotomy, a surgical method used to identify, treat, and stage endometrial cancer, has been replaced by conventional and robot-assisted laparoscopic procedures. The electrosurgical equipment used in laparoscopic operations to treat endometrial cancer has undergone several improvements. Innovations were developed in order to solve the problem of heat damage in traditional monopolar and bipolar devices. Recently, new products using argon plasma technology have entered the market.
- The HelixARTM Electrosurgical Generator with Argon Plasma Coagulator Technology, for instance, combines the advantages of CONMED’s most cutting-edge ABC® technology with the improved specialized modes of a high-end ESU.
Key Takeaways:
- Accessories lead the product segment as it held a 35.4% market value share in 2022, owing to their large volume consumption falling under consumables.
- In specialty segment, gynecology held the largest share of 24.5% share in the global market in 2022 as it has the highest available products in the market and is the most used application for minimally invasive procedures.
- By end users, hospitals held a share of around 55.5% in 2022 due to the high number of surgical procedures conducted in them.
- North America held a value share of around 35.2% in 2022, having the highest adoption of electrosurgical generators and investments in research and development.
The market for Electrosurgery Generators is expected to expand globally in light of the technologically advanced products that cater to all the safety standards of minimally invasive procedures,” says an analyst at Future Market Insights.
Market Competition:
The major companies in the industry are consciously extending the range of products and services they can provide. The market has seen significant consolidation. Many multinational corporations are purchasing local competitors. The market’s participants are concentrating on creating and releasing technologically advanced items that are also reasonably priced.
- Symmetry Surgical (‘Symmetry’) was acquired by Aspen Surgical Products, Inc. in October 2022 from RoundTable Healthcare Partners.
- Enseal X1 Straight Jaw Tissue Sealer, which offers better sealing, more efficiency, and easier access to target tissue during various surgical operations, was introduced by Ethicon in April 2022.
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Key Players:
- Medtronic Plc.
- Ackermann Instrumente
- B. Braun Melsungen AG
- JINSHAN Science & Technology (Group) Co., Ltd.
- Symmetry Surgical Inc. (Aspen Surgical)
- Miconvey Surgical
- Telea Electronic Engineering S.r.l.
- Olympus Corporation
- Others
Key Segments:
By Product:
- Radiofrequency Electrosurgery Generators
- Ultrasonic Electrosurgery Generators
- Molecular Resonance Electrosurgery Generators
- Argon Plasma Electrosurgery Generators
- Accessories
By Specialty:
- Urology
- Gynecology
- Gastroenterology
- ENT
- General Surgery
- Others
By Settings:
- Hospitals
- Academic
- Community
- Private
- Ambulatory Surgical Centers
- Speciality Clinics
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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