The electrosurgery market is projected to reach USD 9.4 Billion by 2029 from USD 6.9 Billion in 2024 at a CAGR of 6.4% during the forecast period. The rising popularity of outpatient surgeries and ambulatory care, driven by cost-effectiveness and convenience, is set to increase demand for electrosurgical devices suitable for these settings. These devices are designed to be portable, user-friendly, and compatible with minimally invasive procedures, facilitating safe and efficient surgeries outside traditional hospital environments. As healthcare focuses on patient-centered care and efficiency, the demand for electrosurgical devices tailored to outpatient settings is expected to surge, aligning with the trend towards decentralized healthcare delivery. In remote or underserved areas, access to advanced electrosurgical procedures and equipment may be limited, leading to disparities in healthcare delivery and market growth.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD) Billion
Segments
By Product, Surgery Type, End User, and Region
Regions covered
North America, Europe, APAC, LATAM, MEA
"Electrosurgical instruments segment commands the largest share of the electrosurgery market in 2023."
The electrosurgery market by product is segmented into electrosurgical generators, electrosurgical instruments, electrosurgical accessories, and smoke evacuation systems on the basis of product type. The rising preference among healthcare providers for disposable electrosurgical instruments, driven by concerns over infection control, convenience, and cost-effectiveness, is fueling market growth in this segment. Disposable instruments eliminate the need for sterilization, reducing the risk of healthcare-associated infections and streamlining workflow. Additionally, they offer cost savings by eliminating the need for expensive sterilization equipment and reducing labor costs. As healthcare providers prioritize infection control and efficiency, the demand for disposable electrosurgical instruments is expected to continue rising, contributing to the expansion of this market segment.
"General surgery sub-segment of surgery type segment projected the rapid growth during the forecast period."
The electrosurgery market by surgery type is segmented into as general surgery, obstetric/gynecological surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgical procedures. Electrosurgery is increasingly adopted in general surgery due to its advantages over conventional techniques like scalpel-based surgery. It provides better hemostasis, reduces blood loss, and improves visibility, leading to enhanced surgical precision and faster patient recovery. Additionally, electrosurgery offers improved tissue dissection, allowing surgeons to cut through tissue layers more efficiently and with minimal trauma to surrounding structures. These benefits are driving its adoption and contributing to the growth of the electrosurgery market.
"Hospitals, clinics, and ablation centres segment accounted for the largest share of the electrosurgery market in 2023"
The electrosurgery market by end user is divided into hospitals, clinics, and ablation centers; ambulatory surgical centers; and research laboratories and academic institutes. Ablation techniques like radiofrequency, microwave, and cryoablation are increasingly used across various medical specialties, driving demand for electrosurgical devices in specialized ablation centers. These techniques offer minimally invasive alternatives for treating conditions such as tumors, cardiac arrhythmias, and chronic pain, with advantages including effectiveness, reduced risk, and faster recovery. As demand for ablation therapies grows, the need for advanced electrosurgical devices tailored to ablation procedures rises, propelling market expansion in specialized ablation centers.
"North America to witness the substantial growth rate during the forecast period".
The electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa based on the region type. In 2023, the Asia Pacific region is anticipated to exhibit the highest compound annual growth rate (CAGR) during the forecast period. However, North America holds the largest share of the electrosurgery market in 2023. The region's strong reimbursement policies for medical procedures, including those using electrosurgical devices, incentivize healthcare providers to adopt electrosurgery, thus driving market growth. These policies ensure adequate compensation for procedures involving electrosurgical devices, making them financially viable for providers and accessible for patients. Favorable reimbursement fosters increased utilization of electrosurgical techniques, stimulates innovation, and supports broader patient access to advanced treatments, contributing significantly to market expansion.
A breakdown of the primary participants (supply-side) for the electrosurgery market referred to for this report is provided below:
By Company Type: Tier 1-45%, Tier 2-34%, and Tier 3-21%
By Designation: C-level-26%, Director Level-30%, and Others-44%
By Region: North America-35%, Europe-32%, Asia Pacific-25%, Latin America- 6%, and Middle East and Africa- 2%
Prominent players in electrosurgery market include Medtronic plc (Ireland), Johnson & Johnson (Ethicon) (US), Olympus Corporation (Japan), B. Braun Melsungen (Germany), CONMED Corporation (US), Boston Scientific Corporation (US), Smith and Nephew Plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin Group (Germany), BOWA-electronic GmbH & Co. KG (Germany), The Cooper Companies, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet (US), Utah Medical Products Inc. (US), Encision Inc. (US), Stryker Corporation (US), Meyer-Haake GmbH Medical Innovations (Germany), Surgical Holdings (UK), I. C. Medical, Inc. (US), Aspen Surgical (US), Applied Medical Resources Corporation (US), Apyx Medical (US), EPMD Group (india) and Directa Dental Group (US).
Research Coverage:
The market study covers the electrosurgery market across various segments. It aims at estimating the market size and the growth potential of this market across different segments by product, surgery type, end user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.
Research Coverage:
The report analyzes the Analytical Testing Services Market and aims to estimate the market size and future growth potential of various market segments, based on type, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of Market Dynamics: Drivers (growing prevalence of chronic diseases, increasing demand for minimally invasive surgeries, innovation and technological advancements in electrosurgical instruments, increasing number of hospitals coupled with growing number of surgical procedures, and shifting preference toward outpatient surgeries in developed regions), restraints (risks associated with electrosurgical procedures, stringent regulatory framework, and shortage of surgeons) opportunities (emerging markets, rising government funding to develop advanced medical treatments, and expected increase in number of cosmetic and bariatric procedures due to growing obesity prevalence), and challenges (concerns regarding toxic fumes produced during surgical procedures and concerns about electromagnetic interference)
Services/Innovations: Detailed insights on upcoming technologies, research & development activities, and new service launches in the electrosurgery market.
Market Development: Comprehensive information on the lucrative emerging markets, components, demographics, end-user, and region.
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the electrosurgery market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the electrosurgery market like Medtronic plc (Ireland), Johnson & Johnson (Ethicon) (US), Olympus Corporation (Japan), B. Braun Melsungen (Germany), CONMED Corporation (US) among others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 ELECTROSURGERY MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 STANDARD CURRENCY CONVERSION RATES
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 RECESSION IMPACT: ELECTROSURGERY MARKET
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.2 RESEARCH METHODOLOGY DESIGN
FIGURE 2 ELECTROSURGERY MARKET: RESEARCH DESIGN
2.2.1 SECONDARY RESEARCH
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
FIGURE 3 PRIMARY SOURCES
2.2.2.1 Key data from primary sources
2.2.2.2 Insights from primary experts
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 28 INVENTION OF SMOKE EVACUATION PENCILS AND CONSOLIDATION IN ELECTROSURGERY MARKET-LEADING INDUSTRY TRENDS
5.3.1 INVENTION OF SMOKE EVACUATION PENCILS
5.3.2 ROBOTIC SURGERIES
5.3.3 GROWING ELECTROSURGERY BUSINESSES
5.4 VALUE CHAIN ANALYSIS
FIGURE 29 ELECTROSURGERY MARKET: VALUE CHAIN ANALYSIS
5.5 TECHNOLOGY ANALYSIS
5.5.1 KEY TECHNOLOGIES
5.5.1.1 Radiofrequency electrosurgery
5.5.1.2 Ultrasonic electrosurgery
5.5.1.3 Argon plasma electrosurgery (APC)
5.5.2 COMPLEMENTARY TECHNOLOGIES
5.5.2.1 Advanced imaging technologies
5.5.2.2 Energy delivery systems
5.5.2.3 Advanced robotics
5.5.3 ADJACENT TECHNOLOGIES
5.5.3.1 Laser surgery
5.5.3.2 Advanced hemostatic agents
5.5.3.3 Single-incision laparoscopic surgery
5.6 PORTER'S FIVE FORCES ANALYSIS
TABLE 6 ELECTROSURGERY MARKET: PORTER'S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 REGULATORY LANDSCAPE
5.7.1 REGULATORY ANALYSIS
5.7.1.1 North America
5.7.1.1.1 US
5.7.1.1.2 Canada
5.7.1.2 Europe
5.7.1.3 Asia Pacific
5.7.1.3.1 Japan
5.7.1.3.2 India
5.7.1.4 Latin America
5.7.1.4.1 Brazil
5.7.1.4.2 Mexico
5.7.1.5 Middle East
5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8 PATENT ANALYSIS
5.8.1 PATENT PUBLICATION TRENDS FOR ELECTROSURGERY MARKET
FIGURE 30 PATENT PUBLICATION TRENDS (2014-2024)
5.8.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS
FIGURE 31 TOP APPLICANTS AND OWNERS (COMPANIES/INSTITUTIONS) FOR ELECTROSURGERY PATENTS (JANUARY 2014-APRIL 2024)
FIGURE 32 TOP APPLICANT COUNTRIES/REGIONS FOR ELECTROSURGERY (JANUARY 2014-APRIL 2024)
TABLE 12 LIST OF PATENTS IN ELECTROSURGERY MARKET, 2022-2024
5.9 HS CODES: ELECTROSURGERY EQUIPMENT/PRODUCTS
5.9.1 TRADE ANALYSIS FOR ELECTROSURGERY
TABLE 13 TRADE ANALYSIS OF ELECTROSURGERY PRODUCTS
5.9.2 TRADE ANALYSIS FOR ELECTROSURGERY EQUIPMENT (2022)
TABLE 14 IMPORT DATA FOR INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL OR VETERINARY SCIENCES, N.E.S. (HS CODE 901890), BY COUNTRY, 2019-2023 (USD THOUSAND)
TABLE 15 EXPORT DATA FOR INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL OR VETERINARY SCIENCES, N.E.S. (HS CODE 901890), BY COUNTRY, 2019-2023 (USD THOUSAND)
5.10 PRICING ANALYSIS
5.10.1 PRICING ANALYSIS, BY PRODUCT
TABLE 16 PRICING ANALYSIS OF ELECTROSURGERY PRODUCTS, 2021-2023 (USD)
5.10.2 PRICING ANALYSIS, BY KEY PLAYER
TABLE 17 PRICING ANALYSIS OF ELECTROSURGICAL DEVICES OFFERED BY LEADING PLAYERS, 2023 (USD)
5.11 REIMBURSEMENT ANALYSIS
TABLE 18 MAJOR CPT CODES FOR SURGERIES
5.12 KEY CONFERENCES AND EVENTS IN 2024-2025
TABLE 19 LIST OF MAJOR CONFERENCES AND EVENTS IN ELECTROSURGERY MARKET, 2024-2025
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ELECTROSURGERY PRODUCTS
TABLE 20 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ELECTROSURGERY PRODUCTS
5.13.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR ELECTROSURGERY PRODUCTS
TABLE 21 KEY BUYING CRITERIA FOR ELECTROSURGERY PRODUCTS
5.14 UNMET NEEDS AND END-USER EXPECTATION IN ELECTROSURGERY MARKET
TABLE 347 ENCISION, INC.: DEALS (JANUARY 2020 - APRIL 2024)
11.1.17 KLS MARTIN GROUP
TABLE 348 KLS MARTIN GROUP: BUSINESS OVERVIEW
TABLE 349 KLS MARTIN GROUP: PRODUCTS OFFERED
11.1.18 SURGICAL HOLDINGS
TABLE 350 SURGICAL HOLDINGS: BUSINESS OVERVIEW
TABLE 351 SURGICAL HOLDINGS: PRODUCTS OFFERED
11.1.19 I. C. MEDICAL, INC.
TABLE 352 I. C. MEDICAL, INC.: BUSINESS OVERVIEW
TABLE 353 I. C. MEDICAL, INC.: PRODUCTS OFFERED
11.1.20 MEYER-HAAKE GMBH MEDICAL INNOVATIONS
TABLE 354 MEYER-HAAKE GMBH MEDICAL INNOVATIONS: BUSINESS OVERVIEW
TABLE 355 MEYER-HAAKE GMBH MEDICAL INNOVATIONS: PRODUCTS OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.