Soaring Demand Set to Propel Electrosurgical Devices And Equipment Market to $15.14 Billion by 2029

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What Is the Expected CAGR for the Electrosurgical Devices And Equipment Market Through 2025?
There has been a significant increase in the electrosurgical devices and equipment market size over the past few years. This market is projected to expand from $10.13 billion in 2024 to $10.97 billion in 2025, marking a compound annual growth rate (CAGR) of 8.3%. Factors such as the aging population, minimally invasive surgery (MIS), growth in surgical procedure volumes, and the emergence of telemedicine and remote surgery have significantly contributed to the growth during the historic period.

What's the Projected Size of the Global Electrosurgical Devices And Equipment Market by 2029?
Over the coming years, the market size of electrosurgical devices and equipment is predicted to witness substantial growth. With a compound annual growth rate (CAGR) of 8.4%, it is set to expand to $15.14 billion by 2023. The projected growth for this period can be attributed to factors such as emerging market expansion, robotics and automation, personalized medicine, and value-based healthcare. Energy-efficient devices, the incorporation of imaging technologies, intelligent and connected devices, and improved safety features are all significant trends expected in this period.

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Top Growth Drivers in the Electrosurgical Devices And Equipment Industry: What's Accelerating the Market?
The escalating prevalence of chronic illnesses has played a substantial role in propelling the electrosurgical devices and equipment market forward. Electrosurgical tools are employed in a variety of surgeries for critical diseases such as skin cancer, small basal cell carcinomas, squamous cell carcinoma, wound operations, skin procedures, non-cancerous moles, dentistry, among others. A global increase in skin diseases has been observed. By facilitating exact surgical interventions, electrosurgical devices and equipment assist in the control and treatment of chronic diseases, thereby reducing complications and enhancing patient results. As per Allergy UK, a national charity based in the UK, in April 2024, allergies affected more than 21 million individuals in the UK, becoming the most frequently reported chronic health condition in 2022. Predictions suggest that by 2026, half of the European population will be suffering from at least one allergy. Consequently, the surging prevalence of chronic ailments fuels the expansion of the electrosurgical devices and equipment market.

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What Trends Will Shape the Electrosurgical Devices And Equipment Market Through 2029 and Beyond?
The use of high-frequency electrical current on biological tissue, known as electrosurgery, has been transformed by technological innovations. As a result, contemporary Electrosurgery Units (ESUs) that supply the medically beneficial thermal effect have been devised and produced. These systems are designed to constantly track and analyze current and voltage, determining factors like power and resistance of the tissue. Based on the expected outcome of the treatment, they can also maintain steady operation parameters or make targeted changes through controls and regulations. Manufacturers of electrosurgical devices are encouraged to shift their investments towards ESUs to heighten their market share.

What Are the Main Segments in the Electrosurgical Devices And Equipment Market?
The electrosurgical devices and equipment market covered in this report is segmented -

1) By Product: Electrosurgery Generators, Electrosurgery Instruments And Accessories, Argon And Smoke Management Systems
2) By Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
3) By End User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers

Subsegments:
1) By Electrosurgery Generators: Monopolar Electrosurgery Generators, Bipolar Electrosurgery Generators, Hybrid Electrosurgery Generators
2) By Electrosurgery Instruments And Accessories: Electrosurgical Pencils, Electrodes, Forceps, Electrosurgical Cords and Cables, Disposables (Electrodes, Pads)
3) By Argon And Smoke Management Systems: Argon Plasma Coagulation (APC) Systems, Smoke Evacuation Systems, Smoke Filtration Systems

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Which Top Companies are Driving Growth in the Electrosurgical Devices And Equipment Market?
Major companies operating in the electrosurgical devices and equipment market include Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic plc, Smith and Nephew plc, Boston Scientific Corporation, Stryker Corporation, ATMOS Inc., Heal Force Bio-meditech Holdings Limited, Erbe Elektromedizin GmbH, Bowa-Electronic Gmbh & Co.KG, Conmed Corporation, Ethicon Inc., Olympus Corporation, Megadyne Medical Products Inc., COVIDien plc, Applied Medical Resources Corporation, KLC Martin Group, Utah Medical Products Inc., Kirwan Surgical Products LLC, Parkell Inc., XcelLance Medical Technologies Pvt. Ltd., Prima Medical Ltd., Abbott Laboratories, Philips, GE Healthcare, Encision Inc., Symmetry Surgical Inc., Meyer-Haake GmbH Medical Innovations, AtriCure Inc.

Which Regions Will Dominate the Electrosurgical Devices And Equipment Market Through 2029?
North America was the largest region in the global electrosurgical devices market in 2024. Western Europe was the second-largest region in the electrosurgical devices market. The regions covered in the electrosurgical devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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