Electrosurgical Devices Market: Growth Projections and Industry Insights 2024-2031

Market Size

The Global Electrosurgical Devices Market is projected to reach US$ 9,566.10 million by 2031, expanding at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period from 2024 to 2031.

Electrosurgery is a surgical technique commonly used to quickly dissect soft tissue and control bleeding during surgery. The electrical resistance of these soft tissues to an electromagnetic current generates heat. The outcomes of electrosurgery vary based on the power used, the waveform, and the surgical technique. A variety of devices, known as electrosurgical devices, are used for this purpose.

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Market Dynamics

The growth of the electrosurgical devices market is being propelled by several factors. These include an increase in government initiatives aimed at improving elective surgery, advancements in technology leading to the development of new equipment, and a rise in the geriatric population.

The market is also being driven by an increase in research and development investments, a growing number of chronic disorders such as neurological degeneration and cardiologic disorders, and improvements in novel products using the latest technology. Additionally, enhancements in medical infrastructure in emerging markets are contributing to this growth.

Electrosurgical devices and accessories are increasingly being used in surgeries. The adoption of these devices is on the rise, which has led to an increase in government initiatives and funding. This funding will aid in the production of electrosurgical devices such as bipolar or monopolar devices. The market for these devices is growing globally due to an increase in surgical procedures that require these devices. Furthermore, the availability of technologically advanced products from key players is expected to play a crucial role in the market's growth.

The market's growth is also being fueled by various novel product launches, research studies, and rising awareness initiatives related to electrosurgical devices for treatment. For example, in August 2022, Abbott received approval for its novel Proclaim plus spinal cord stimulation system from the U.S. Food and Drug Administration. This system features FlexBurst360 therapy, which provides pain coverage over six limbs or trunk areas and offers programming that adjusts according to individual therapeutic needs.

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Market Segmentation

By Product Type
Electrosurgical Instruments and Accessories
Electrosurgical Generators
Electrocautery Devices
Argon and Smoke Management Systems

By Application
General Surgery
Gynecology Surgery
Urologic Surgery
Orthopedic Surgery
Cardiovascular Surgery
Cosmetic Surgery
Neurosurgery
Others

By End User
Hospitals
Ambulatory Surgical Centers
Specialized Clinics

Market Key Players
Major players are Stryker Corporation, Boston Scientific Corporation, Symmetry Surgical Inc., CONMED Corporation, Medtronic, Ethicon (Johnson and Johnson), B. Braun SE, Smith+Nephew, Olympus Corporation and Abbott.

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