Ultrasonic Electrosurgical Devices Market Key Growth Factors and Forecast Upto 2024
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Ultrasonic electrosurgical devices produce less heat, which avoids the charring effect. This makes them a preferred choice of surgeons in performing open and minimally invasive surgeries. These devices are being widely used in gynecology surgeries, bariatric surgeries, urology surgeries, cardiovascular surgeries, and general surgeries. Increasing prevalence of chronic diseases across the globe and rising access to health care facilities have led to surge in the number of surgeries worldwide. Rising demand for patient safety during surgeries is likely to increase the adoption for ultrasonic electrosurgical devices in the near future. Ultrasonic electrosurgical devices in the past were used for sealing of vessels measuring 3– 5 mm in diameter, while present-day devices have the ability to seal vessels measuring 7 mm in diameter. Moreover, there is no need to change the device to perform functions such as cutting, dissection, coagulation, and co-aptation. These factors are likely to drive the global ultrasonic electrosurgical devices market during the forecast period. However, ultrasonic electrosurgical consumables such as shears and blades are expensive and they have less durability compared to conventional electrosurgical devices. This factor is anticipated to restrain the market from 2017 to 2025.
The global ultrasonic electrosurgical devices market can be segmented based on product, application, end-user, and region. In terms of product, the market can be divided into generators and consumables. The consumables segment comprises handheld devices such as shears, scalpels, and blades. Most of the consumables available in the market are disposable in nature or have a limited usage cycle. This factor is likely to contribute to the leading share held by the segment. Based on application, the market can be segmented into cardiology, gynecology, general surgery, urology, bariatric surgery, and others.
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The cardiology segment is likely to witness prominent growth during the forecast period. The general surgery segment is estimated to account for a leading share of the market from 2017 to 2025, owing to the large number of surgeries being performed in this segment. Based on end-user, the market can be segmented into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is likely to register the maximum growth rate during the forecast period, owing to increasing number of these centers and rising number of minimally invasive surgeries.
Geographically, the global ultrasonic electrosurgical devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to constitute a leading share of the global market during the forecast period, owing to high adoption of technologies and high health care expenditure in the region. Europe is anticipated to account for a significant share of the global market between 2017 and 2025. Increase in the number of surgeries performed in this region is projected to fuel the market in Europe during the forecast period. The market in Asia Pacific is projected to witness high growth during the forecast period, owing to increasing health care expenditure in the region.
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Major players operating in the global ultrasonic electrosurgical devices market are Ethicon Endo-Surgery (a part of Johnson & Johnson), Olympus Corporation, Medtronic, BOWA-electronic GmbH & Co. KG, Söring GmbH, Advanced Instrumentations, Reach Surgical, and ITALIA MEDICA SRL.
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