About Electrosurgical Generator
Electrosurgical generator, a medical device that is capable of producing cutting and coagulating clinical effect on the tissue by the use of alternating current at high frequency. In the past few years, technological advancement has led to electrosurgical unit circuitry able to monitoring changes in voltage that occur during the delivery of electrosurgical energy. This, in turn, the continuous focus on the development of advanced electrosurgical generator by key market players are fuelling the growth of the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
The electrosurgical generator market is poised for continued growth driven by technological advancements, increasing demand for MIS, and expanding global markets. Expect to see even more intelligent, user-friendly generators that offer enhanced safety, precision, and data-driven insights, empowering surgeons to achieve optimal outcomes and improve patient care. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electrosurgical Generator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc. (Ireland), Johnson & Johnson (DePuy & Ethicon) (United States), B. Braun Melsungen AG (Germany), CONMED Corporation (United States), Olympus Corporation (Japan), ERBE Elektromedizin GmbH (Germany), LED SPA (Italy), CooperSurgical, Inc. (United States), AtriCure, Inc. (United States), KARL STORZ SE & Co. KG (Germany), KLS Martin GmbH + Co. KG (Germany), Söring GmbH (Germany), Utah Medical Products, Inc. (United States), Bovie Medical Corporation (United States) and STERIS Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ingenjörsfirman Björn Bergdahl AB (Sweden), LAMIDEY NOURY (France), BOWA-electronic GmbH & Co. KG (Germany), Beijing Beilin Electronic Co.Ltd (China) and Shanghai Hutong Electronics Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Electrosurgical Generator market by Type (Monopole Electrosurgical Generator, Bipolar Electrosurgical Generator and Vessel Sealing Generator), Application (Hospital & Clinics, Ambulatory Surgery Center and Others) and Region.
On the basis of geography, the market of Electrosurgical Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Surgery Type, the sub-segment i.e. Cardiovascular Surgery will boost the Electrosurgical Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Field of Electrosurgery by Investing in Cutting Edge Research
Market Growth Drivers:
Rising in Healthcare Expenditure in Developing Economies and Rising Number of Medical, Cosmetic, and Plastic Surgeries Worldwide
Challenges:
A High Rate of Product Recall and Increase in the Popularity of other Non-Invasive Surgical Procedures
Restraints:
Intense Competition Among the Leading Market Players, Stringent Government Regulations for Product Approval and Risks Associated With Electrosurgical Procedures
Opportunities:
Rising Number of Ambulatory Surgery Centers across the World
Market Leaders and their expansionary development strategies
In December 2023, Bovie Medical Devices teams up with a global healthcare organization to provide access to advanced electrosurgical technology in underserved regions and improve surgical outcomes worldwide.
In November 2023, Bovie Medical Devices (a Boston Scientific subsidiary) releases the Genius EVS Generator, showcasing advanced vessel sealing technology and intelligent energy modulation for efficient and precise tissue management.
Key Target Audience
Electrosurgical Generator Manufacturers, Component Providers, Electronic Equipment Manufacturing Companies, Medical Device Suppliers and Distributors, Electrosurgical Generator Accessories Manufacturers, Hospitals and Clinics, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.