PowerPoint Presentation
GLOBAL ELECTROSURGERY DEVICES MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
Scope of Report
Product of Interest (POI): Electrosurgery Devices
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
Electrosurgery is the application of a high-frequency (radio frequency) alternating polarity, electrical current to biological tissue as a means to cut, coagulate, desiccate, or fulgurate tissue. This may be accomplished by direct current from dry-cells in a penlight-type device.
Market Segmentation
END USERS
Hospitals & Clinics
Ambulatory Surgical Centers
Others
REGION
Europe
North America
South America
Middle East & Africa
Asia Pacific
METHOD
TYPE
Electrosurgery Generators
Electrosurgery Instruments & Accessories
Patient Return Electrodes
Monopolar
Bipolar
ELECTROSURGERY DEVICES MARKET
APPLICATION
General Surgery
Gynecology Surgery
Orthopedic Surgery
Cardiovascular Surgery
Others
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Table of Contents
S. No.ContentsPage No.Page No.1. Product Overview (Definition of product and major terminologies used in the report)2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys)3.Impact of COVID-19 on Electrosurgery Devices Market 4.Executive Summary (This chapter covers summary of the complete study.)5.Voice of Customer6.Global Electrosurgery Devices Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)6.1.Market Size & Forecast6.1.1.By Value6.2.Market Share & Forecast6.2.1.By Method (Monopolar v/s Bipolar)6.2.2.By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Patient Return Electrodes)6.2.3.By Application (General Surgery, Gynecology Surgery, Orthopedic Surgery,
Cardiovascular Surgery, Others)6.2.4.By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others)6.2.5.By Company (2020)6.2.6.By Region6.3. Product Market Map
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S. No.ContentsPage No.7.Asia-Pacific Electrosurgery Devices Market Outlook7.7.1.Market Size & Forecast7.1.1.By Value 7.2.Market Share & Forecast7.2.1.By Method7.2.2.By Type7.2.3.By Application7.2.4.By End Users7.2.5.By Country 7.3.Asia-Pacific: Country Analysis7.3.1.China Electrosurgery Devices Market Outlook7.3.1.1.Market Size & Forecast7.3.1.1.1.By Value7.3.1.2.Market Share & Forecast7.3.1.2.1.By Method7.3.1.2.2.By Type7.3.1.2.3.By Application7.3.1.2.4.By End Users7.3.2.India Electrosurgery Devices Market Outlook7.3.2.1.Market Size & Forecast
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S. No.ContentsPage No.7.3.2.1.1.By Value7.3.2.2.Market Share & Forecast7.3.2.2.1.By Method7.3.2.2.2.By Type7.3.2.2.3.By Application7.3.2.2.4.By End Users7.3.3.Japan Electrosurgery Devices Market Outlook7.3.3.1.Market Size & Forecast7.3.3.1.1.By Value7.3.3.2.Market Share & Forecast7.3.3.2.1.By Method7.3.3.2.2.By Type7.3.3.2.3.By Application7.3.3.2.4.By End Users7.3.4.South Korea Electrosurgery Devices Market Outlook7.3.4.1.Market Size & Forecast7.3.4.1.1.By Value7.3.4.2.Market Share & Forecast
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S. No.ContentsPage No.7.3.4.2.1.By Method7.3.4.2.2.By Type7.3.4.2.3.By Application7.3.4.2.4.By End Users7.3.5.Australia Electrosurgery Devices Market Outlook7.3.5.1.Market Size & Forecast7.3.5.1.1.By Value7.3.5.2.Market Share & Forecast7.3.5.2.1.By Method7.3.5.2.2.By Type7.3.5.2.3.By Application7.3.5.2.4.By End Users8.Europe Electrosurgery Devices Market Outlook8.1.Market Size & Forecast8.1.1.By Value8.2.Market Share & Forecast8.2.1.By Method8.2.2.By Type
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S. No.ContentsPage No.8.2.3.By Application8.2.4.By End Users8.2.5.By Country 8.3.Europe: Country Analysis8.3.1.France Electrosurgery Devices Market Outlook8.3.1.1.Market Size & Forecast8.3.1.1.1.By Value8.3.1.2.Market Share & Forecast8.3.1.2.1.By Method8.3.1.2.2.By Type8.3.1.2.3.By Application8.3.1.2.4.By End Users8.3.2.Germany Electrosurgery Devices Market Outlook8.3.2.1.Market Size & Forecast8.3.2.1.1.By Value8.3.2.2.Market Share & Forecast8.3.2.2.1.By Method8.3.2.2.2.By Type
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S. No. Contents Page No.8.3.2.2.3.By Application8.3.2.2.4.By End Users8.3.3.United Kingdom Electrosurgery Devices Market Outlook8.3.3.1.Market Size & Forecast8.3.3.1.1.By Value8.3.3.2.Market Share & Forecast8.3.3.2.1.By Method8.3.3.2.2.By Type8.3.3.2.3.By Application8.3.3.2.4.By End Users8.3.4.Italy Electrosurgery Devices Market Outlook8.3.4.1.Market Size & Forecast8.3.4.1.1.By Value8.3.4.2.Market Share & Forecast8.3.4.2.1.By Method8.3.4.2.2.By Type8.3.4.2.3.By Application8.3.4.2.4.By End Users
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S. No.ContentsPage No.8.3.5.Spain Electrosurgery Devices Market Outlook8.3.5.1.Market Size & Forecast8.3.5.1.1.By Value8.3.5.2.Market Share & Forecast8.3.5.2.1.By Method8.3.5.2.2.By Type8.3.5.2.3.By Application8.3.5.2.4.By End Users9.North America Electrosurgery Devices Market Outlook9.1.Market Size & Forecast9.1.1.By Value9.2.Market Share & Forecast9.2.1.By Method9.2.2.By Type9.2.3.By Application9.2.4.By End Users9.2.5.By Country 9.3.North America: Country Analysis
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S. No.ContentsPage No.9.3.1.United States Electrosurgery Devices Market Outlook9.3.1.1.Market Size & Forecast9.3.1.1.1.By Value9.3.1.2.Market Share & Forecast9.3.1.2.1.By Method9.3.1.2.2.By Type9.3.1.2.3.By Application9.3.1.2.4.By End Users9.3.2.Canada Electrosurgery Devices Market Outlook9.3.2.1.Market Size & Forecast9.3.2.1.1.By Value9.3.2.2.Market Share & Forecast9.3.2.2.1.By Method9.3.2.2.2.By Type9.3.2.2.3.By Application9.3.2.2.4.By End Users9.3.3.Mexico Electrosurgery Devices Market Outlook9.3.3.1.Market Size & Forecast
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S. No.ContentsPage No.9.3.3.1.1.By Value9.3.3.2.Market Share & Forecast9.3.3.2.1.By Method9.3.3.2.2.By Type9.3.3.2.3.By Application9.3.3.2.4.By End Users10.South America Electrosurgery Devices Market Outlook10.1.Market Size & Forecast10.1.1.By Value10.2.Market Share & Forecast10.2.1.By Method10.2.2.By Type10.2.3.By Application10.2.4.By End Users10.2.5.By Country 10.3.South America: Country Analysis10.3.1.Brazil Electrosurgery Devices Market Outlook10.3.1.1.Market Size & Forecast
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S. No.ContentsPage No.10.3.1.1.1By Value10.3.1.2.Market Share & Forecast10.3.1.2.1.By Method10.3.1.2.2.By Type10.3.1.2.3.By Application10.3.1.2.4.By End Users10.3.2.Argentina Electrosurgery Devices Market Outlook10.3.2.1.Market Size & Forecast10.3.2.1.1By Value10.3.2.2.Market Share & Forecast10.3.2.2.1.By Method10.3.2.2.2.By Type10.3.2.2.3.By Application10.3.2.2.4.By End Users10.3.3.Colombia Electrosurgery Devices Market Outlook10.3.3.1.Market Size & Forecast10.3.3.1.1By Value10.3.3.2.Market Share & Forecast
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S. No.ContentsPage No.10.3.3.2.1.By Method10.3.2.2.2.By Type10.3.2.2.3.By Application10.3.2.2.4.By End Users11.Middle East & Africa Electrosurgery Devices Market Outlook11.1.Market Size & Forecast11.1.1.By Value11.2.Market Share & Forecast11.2.1.By Method11.2.2.By Type11.2.3.By Application11.2.4.By End Users11.2.5.By Country 11.3.Middle East & Africa : Country Analysis11.3.1.South Africa Electrosurgery Devices Market Outlook11.3.1.1.Market Size & Forecast11.3.1.1.1.By Value11.3.1.2.Market Share & Forecast
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S. No.ContentsPage No.11.3.1.2.1.By Method11.3.1.2.2.By Type11.3.1.2.3.By Application11.3.1.2.4.By End Users11.3.2.Saudi Arabia Electrosurgery Devices Market Outlook11.3.2.1.Market Size & Forecast11.3.2.1.1.By Value11.3.2.2.Market Share & Forecast11.3.2.2.1.By Method11.3.2.2.2.By Type11.3.2.2.3.By Application11.3.2.2.4.By End Users11.3.3.UAE Electrosurgery Devices Market Outlook11.3.3.1.Market Size & Forecast11.3.3.1.1.By Value11.3.3.2.Market Share & Forecast11.3.3.2.1.By Method11.3.3.2.2.By Type
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S. No.ContentsPage No.11.3.3.2.3.By Application11.3.3.2.4.By End Users11.3.4.Kuwait Electrosurgery Devices Market Outlook11.3.4.1.Market Size & Forecast11.3.4.1.1.By Value11.3.4.2.Market Share & Forecast11.3.4.2.1.By Method11.3.4.2.2.By Type11.3.4.2.3.By Application11.3.4.2.4.By End Users12.Market Dynamics (This chapter assesses the major demand drivers and restraints.)12.1.Drivers12.2.Challenges13.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)14.Competitive Landscape 14.1.Competition Outlook14.2.Global Players Profiled (Leading Companies)
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S. No.ContentsPage No.14.2.1.Company Details14.2.2.Products & Services14.2.3.Financials (As Reported)14.2.4.Key Market Focus & Geographical Presence14.2.5.Recent Developments14.2.6.Key Management Personnel15.Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)16.About Us & Disclaimer
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RESEARCH METHODOLOGY
Research Methodology
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to determine top players in the global electrosurgery devices market, overall market size and segmental market size.
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
List of industry players and industry specialists was developed.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global electrosurgery devices market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research
Desk Research
Company Analysis
Recent Developments
Market Changing Aspects/Dynamics
Government Policies
Conclusion
Market Participants
Key Strengths
TechSci Internal Database
Factiva
Hoovers
Paid Sources
Company Websites
Company Annual Reports
White Paper Study
Financial Reports
Investor Presentations
Regulatory Body
Associations, etc.
Secondary Research
Primary Research
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Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global electrosurgery devices market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing popularity of minimally invasive surgical procedures across the globe. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global electrosurgery devices market.
Methodology Followed for Calculation of Market Size:
Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as electrosurgery devices manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.
The team interviewed more than 15 – 20 electrosurgery devices manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global electrosurgery devices market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
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Research Methodology
Respondents were asked about the current and future market growth rates, market shares by method, by type, by application, by end user, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by method, by type, by application, by end user, by company and by each region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of electrosurgery devices. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global electrosurgery devices market, TechSci Research used various forecast techniques such as:
Moving Average
Time Series Analysis
Regression Analysis
Econometric and Judgmental Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary SourcesMedtronic Plc.Boston Scientific CorporationStryker CorporationB. Braun Melsungen AGOlympus CorporationConmed CorporationApplied Medical Resources CorporationUtah Medical Products, Inc.Erbe Elektromedizin GmbHKLS Martin GmbH & Co. KGKarl Leibinger Medizintechnik GmbH & Co. KGArthrex GmbHAtriCure Inc.ATMOS Inc.Meyer-Haake GmbHWorld BankInternational Monetary Fund (IMF)TechSci Research Proprietary Database & Knowledge RepositoryCompany Annual Reports Industry MagazinesIndustry ReportsNews DailiesCredible Paid Databases
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Industry Brief
According to TechSci Research report, “Global Electrosurgery Devices Market By Method (Monopolar v/s Bipolar), By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Patient Return Electrodes), By Application (General Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Others), By End-user (Hospitals & Clinics, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025”, the global electrosurgery devices market stood at USD6781.75 million in 2020 and is further expected to grow at a CAGR of 6.51%, during the forecast period. This can be ascribed to the benefits associated with electrosurgery such as low risk to patient, quicker recovery time, minimal blood loss, minimal chances of getting post-surgery infections, among others. All these factors are expected to support the market growth during the forecast period. Besides, electrosurgical procedures can be performed in office like setup also. This in turn has increased the use of electrosurgical devices thereby driving the arket growth. Additionally, growing use of electrosurgery devices in different sectors like urology, gynaecology, dermatology, etc., is anticipated to further fuel the demand for electrosurgery devices in the coming years. However, high cost of electrosurgery devices can restrict the market growth during the forecast period. Also, people are still preferring general surgery methods over the minimally invasive ones, especially in the developing countries. Moreover, stringent regulatory approvals process associated with electrosurgical devices can hamper the market growth through 2026. Also, a lot of product recalls have been observed in the past related to electrosurgical devices. This can further restrict the market growth over the next few years. Moreover, challenges such as different types of severe electro-thermal injuries which can be caused due to insulation failure or direct coupling or capacitive coupling or due to any other technical reasons further impede the growth of global electrosurgical devices market.
The global electrosurgery devices market is segmented into method, type, application, end-user, and region. Based on method, the electrosurgery devices market is segmented into monopolar and bipolar. The bipolar segment held the largest market share in 2020 of around 62.77% on account of enhanced safety and ease of use, bipolar prevents from several risks, including unintended burns, stimulation of tissues etc. Additionally, bipolar methods provide high precision and dexterity. Also, bipolar devices are safer for patients with pacemaker. While the monopolar devices have several associated risks including current shunting, unintended burns, among others. All these risks have gradually reduced their demand. Based on end users the market can be categorized into hospitals, ambulatory surgical centres, and others. Hospitals were the dominant end-user segment in 2020 with a share of 64.72% due to the high frequency of surgical procedures which are carried out in hospitals. Moreover, hospitals have been adopting high imaging solutions to enhance the accuracy and efficiency of electrosurgery devices, which is contributing to the market share of the segment across the globe.
Some of the leading players in global electrosurgery devices market include Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Conmed Corporation, Applied Medical Resources Corporation, Utah Medical Products, Inc., Erbe Elektromedizin GmbH, KLS Martin GmbH & Co. KG, Karl Leibinger Medizintechnik GmbH & Co. KG, Arthrex GmbH, AtriCure Inc., ATMOS Inc., Meyer-Haake GmbH. In order to expand their market share, the companies tend to adopt various strategies like new product launches, mergers & collaboration. For instance, In June 2018, Stryker Corporation acquired a Swiss medical device manufacturer, SafeAir AG, specializing in design, development and production of surgical smoke evacuation systems. This acquisition helped Stryker Corporation strengthen its electrosurgical devices product portfolio.
“Global electrosurgery devices market is anticipated to witness a steady growth during the next five years as the major companies are now concentrating on advanced electrosurgery devices that would enhance coagulation & cutting practices and multimodality application. Also, increasing incidence of skin diseases among population coupled with less recovery time and low risk associated with electrosurgical devices is propelling the growth of the market across the globe. North America held the lion’s share in the global electrosurgery devices market in 2020 and is expected to hold its position through the forecast period as the region has well-developed healthcare infrastructure and the investments in the healthcare and medical sectors are also high. Also, growing geriatric population in the region especially in the United States is expected to drive the regional growth. According to the United States Census Bureau, the United States geriatric population will reach around 77 million by 2034.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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Sample Data - Snapshot
Global Electrosurgery Devices Market Size, By Value (USD Million), 2016–2026F
CAGR By Value
XX%
CAGR By Value
YY%
Asia-Pacific Electrosurgery Devices Market Share, By Method, By Value, 2016–2026F
India Electrosurgery Devices Market Share, By Application, By Value, 2016–2026F
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By Value (USD Million)
201620202021E2026F56789101112131415
Monopolar
201620172018201920202021E2022F2023F2024F2025F2026F0.60.60.60.60.60.60.60.60.60.60.6Bipolar
201620172018201920202021E2022F2023F2024F2025F2026F0.40.40.40.40.40.40.40.40.40.40.4
General Surgery
201620172018201920202021E2022F2023F2024F2025F2026F0.30.30.30.30.30.30.30.30.30.30.3Gynecology Surgery
201620172018201920202021E2022F2023F2024F2025F2026F0.30.30.30.30.30.30.30.30.30.30.3Orthopedic Surgery
201620172018201920202021E2022F2023F2024F2025F2026F0.20.20.20.20.20.20.20.20.20.20.2Cardiovascular Surgery
201620172018201920202021E2022F2023F2024F2025F2026F0.10.10.10.10.10.10.10.10.10.10.1Others
201620172018201920202021E2022F2023F2024F2025F2026F0.10.10.10.10.10.10.10.10.10.10.1
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FORECAST & OPPORTUNITIES
2016 – 2026
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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