Global Monopolar Electrosurgery Market Size By Product (Hand Instrument, Electrosurgical Generators), By Surgery-Type (General Surgery, Obstetrics/Gynecology Surgery), By End-User (Hospitals, Clinics, & Ablation Centers), By Geographic Scope And Forecast
Report ID: 41738|No. of Pages: 202
Global Monopolar Electrosurgery Market Size By Product (Hand Instrument, Electrosurgical Generators), By Surgery-Type (General Surgery, Obstetrics/Gynecology Surgery), By End-User (Hospitals, Clinics, & Ablation Centers), By Geographic Scope And Forecast
Monopolar Electrosurgery Market Size And Forecast
Monopolar Electrosurgery Market size was valued at USD 2.14 Billion in 2024 and is projected to reach USD 2.81 Billion by 2031, growing at a CAGR of 3.80% from 2024 to 2031.
Factors such as increasing technological development in electrosurgical devices, growing demand for minimally invasive surgical procedures, a rise in the number of cosmetic surgical procedures, and an increase in the pediatric population are likely to boost the market in the forecasted period. The Global Monopolar Electrosurgery Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Monopolar Electrosurgery Market Definition
Electrosurgery uses high-frequency energy to precisely cut tissue and keep electrons in place for a clinical cut. A return current from an electrosurgical generator goes through return electrodes to the body of a patient when using monopolar devices. Tissue-cutting techniques include blended cut, pure cut, desiccation, and spray. They are mostly utilized for accurate surgical incisions or to reduce blood loss during surgery by producing coagulation muring. A disposable or reusable electrosurgical pencil is utilized for this purpose.
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Global Monopolar Electrosurgery Market Overview
The market outlook portion of the research focuses on the basic characteristics of the market, such as key drivers, constraints, opportunities, and challenges. The market’s inherent aspects are its drivers and restrictions, whilst its extrinsic ones are its opportunities and challenges.
Factors such as increasing technological development in electrosurgical devices, growing demand for minimally invasive surgical procedures, a rise in the number of cosmetic surgical procedures, and an increase in the pediatric population are likely to boost the market in the forecasted period. The increasing issue of obesity which leads to more demand for electrosurgical products can also act as a growth factor in the coming years. In contrast, reimbursement issues along with the risks involved in using these devices are some of the factors that can hamper the market growth of the global Monopolar Electrosurgery Market.
In all regions, several governments have actively supported and accepted elective procedures. Major expenditures are being made to provide patients with convenient access to these operations. Furthermore, an increase in the frequency of chronic illnesses, as well as an increase in the number of persons undergoing surgery, is driving market development. This is due to financial and technical pressures being applied to healthcare systems across the world. To address this, governments are enacting a variety of programs to improve healthcare facilities.
Global Monopolar Electrosurgery Market Segmentation Analysis
The Global Monopolar Electrosurgery Market is Segmented on the basis of Product, Surgery-Type, End-User, And Geography.
Monopolar Electrosurgery Market, By Product
- Hand Instrument
- Electrosurgical Pencils
- Monopolar Forceps
- Monopolar Electrodes
- Electrosurgical Generator
- Return Electrode
- Single-Use
- Re-usable
- Electrosurgical Accessories
- Footswitches
- Connectors
- Others
Based on Product, the market is segmented into Hand Instrument, Electrosurgical Generators, Return Electrode, and Electrosurgical Accessories. In 2021, hand instruments accounted for the largest market share. The market for monopolar electrosurgery tools has grown thanks to the frequent introduction of fresh monopolar hand devices by top industry players. The growth of this category is also being fueled by technical advancements in electrosurgical instruments and a rise in the number of cosmetic and plastic surgeries.
Monopolar Electrosurgery Market, By Surgery-Type
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
Based on Surgery-Type, the market is segmented into General Surgery, Obstetrics/Gynecology Surgery, Urological Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Oncological Surgery, and Other Surgeries. In 2021, General surgery accounted for a significant market share. The monopolar electrosurgical market for general surgery is expanding due to factors including the rising elderly population, the rising number of surgical facilities, and the rising healthcare infrastructure in emerging countries.
Monopolar Electrosurgery Market, By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
Based on By End-User, the market is segmented into Hospitals, Clinics, & Ablation Centers, Ambulatory Surgical Centers, and Research Laboratories & Academic Institutes. The Hospital, Clinics, & Ablation Centers segment accounted for the largest market share in 2021. This can be due to the growing use of technologically advanced products, growing investments in healthcare instruture, and an increased emphasis on successful medical results. Additionally, minimally invasive techniques are being used in medical settings to shorten recovery times and minimize problems after surgery.
Monopolar Electrosurgery Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Monopolar Electrosurgery Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. . In 2021, North America accounted for the largest market share among the other regions. A sophisticated healthcare system and higher per capita spending may be the causes of this dominance. Increased awareness of the advantages of electrosurgery and the rising frequency of chronic diseases are expected to fuel market growth in the region. The US FDA’s increased approval of novel equipment is also anticipated to boost the Monopolar Electrosurgery Market growth potential.
Key Players
The “Global Monopolar Electrosurgery Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Medtronic, Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, Meyer-Haake GmbH, CONMED Corporation, Apex Medical Corporation, Boston Scientific, and Smith & Nephew plc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In September 2021, Olympus Corporation has announced the release of the first devices in the new POWERSEALTM series of advanced bipolar surgical energy tools. The POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider, Double-Action devices offer constant sealing dependability in an ergonomic, versatile design that optimizes procedural efficiency, meeting the highest clinical performance criteria for advanced bipolar surgical energy devices.
- In April 2021. Encision Inc. & Auris Health (a division of Johnson & Johnson Medical Devices Company) inked a Master Services Agreement (MSA) to collaborate on the development of equipment that would make Envision’s AEM technology suitable with Auris Health’s monopolar instruments.
- In May 2019, Olympus launched ESG-150 electrosurgery generator at digestive disease week 2019. The ESG-150 electrosurgery generator has continuous voltage regulation and automatically produces the lowest effective adjusted power output, allowing clinicians to achieve good outcomes in typical GI and pulmonary endoscopic operations. The straightforward design of the ESG-150 system facilitates usage and setup, allowing for use optimization and overall procedural efficiency. The new ESG-150 contains features that improve both patient safety and convenience of use, which are the foundations around which the ESG-150 was designed.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global foot orthotic insoles market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global foot orthotic insoles market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| Unit | Value (USD Billion) |
| KEY COMPANIES PROFILED | Medtronic, Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, BOVIE Medical, Meyer-Haake GmbH, CONMED Corporation, Apyx Medical Corporation and Boston Scientific |
| SEGMENTS COVERED | By Product, By Surgery-Type, By End-User, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL MONOPOLAR ELECTROSURGERY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL MONOPOLAR ELECTROSURGERY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL MONOPOLAR ELECTROSURGERY MARKET, BY PRODUCT
5.1 Electrosurgical Generators
5.2 Electrosurgical Instruments
5.3 Bipolar Electrosurgical Instruments
5.3.1 Advanced Vessel Sealing instruments
5.3.2 Bipolar Forceps
5.4 Monopolar Electrosurgical Instruments
5.4.1 Electrosurgical Pencils
5.4.2 Electrosurgical Electrodes
5.4.3 Suction Coagulators
5.4.4 Monopolar Forceps
5.5 Electrosurgical Accessories
5.6 Patient Return Electrodes
5.7 Cords, Cables, and Adapters
5.8 Other Accessories
6 GLOBAL MONOPOLAR ELECTROSURGERY MARKET, BY SURGERY-TYPE
6.1 General Surgery
6.2 Obstetrics/Gynecology Surgery
6.3 Urological Surgery
6.4 Orthopedic Surgery
6.5 Cardiovascular Surgery
6.6 Cosmetic Surgery
6.7 Neurosurgery
6.8 Oncological Surgery
6.9 Other Surgeries
7 GLOBAL MONOPOLAR ELECTROSURGERY MARKET, BY END-USER
7.1 Hospital, Clinics, & Ablation Centers
7.2 Ambulatory Surgical Centers
7.3 Research Laboratories & Academic Institutes
8 GLOBAL MONOPOLAR ELECTROSURGERY MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
9 GLOBAL MONOPOLAR ELECTROSURGERY MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Medtronic
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Ethicon, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Olympus Corporation
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 B. Braun Melsungen AG
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 BOVIE Medical
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Meyer-Haake GmbH
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 CONMED Corporation
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Apyx Medical Corporation
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Boston Scientific
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Smith & Nephew plc
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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