The electrosurgical devices market comprises electro medical equipment used for surgical procedures such as electrosurgical generators, electrodes, and accessories. Electrosurgical devices utilize high-frequency alternating current to cut, coagulate, desiccate, and fulgurate tissue. These devices help the surgeon to perform surgery with precision and control. They offer several advantages such as controlled bleeding, reduced tissue damage, decreased scarring, and swift healing over traditional scalpel surgeries. Rapid growth in the number of surgical procedures worldwide due to rising disease incidence and aging population is driving the demand for electrosurgical devices.

The Global Electrosurgical Devices Market is estimated to be valued at US$ 6,892.4 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.

Key Takeaways
Key players operating in the electrosurgical devices market are Bovie Medical Corporation, Medtronic Plc, BOWA-Electronic GmbH Co. KG, KLS Martin, B. Braun Melsungen AG, Conmed, Olympus Corp., Boston Scientific Corporation, Erbe Elektromedizin GmbH, Symmetry Surgical Inc., Encision Inc., Gala Therapeutics, Inc., Apyx Medical Corporation, and Johnson Johnson Services, Inc. These players are focusing on new product launches and geographical expansion to gain more market share.

The growing number of surgical procedures across different medical specialties like gastroenterology, gynecology, urology, and general surgery is driving the demand for electrosurgical devices. According to the WHO, around 312 million major surgeries were performed globally in 2012. This number is expected to increase going forward.

Technological advancements are enabling the development of next-generation electrosurgical devices with improved precision, control and safety features. Manufacturers are coming up with new generator technologies, electrodes, and accessories with advanced capabilities like adjustable power levels, integrated temperature monitoring and feedback. Bipolar devices with improved insulation are also gaining market acceptance.

Market Trends

1. Increase in laparoscopic surgeries: More surgeons are adopting minimally invasive laparoscopic procedures that use electrosurgical devices. This is expected to drive strong demand over the forecast period.

2. Growth in ambulatory surgery centers (ASCs): Rising number of ASCs are supporting an increase in outpatient surgeries which will boost sales of electrosurgical devices.

Market Opportunities

1. Emerging markets in Asia Pacific and Latin America: These regions offer immense growth opportunities for electrosurgical device manufacturers due to increasing healthcare investments, rising medical tourism and growing middle-class population.

2. Development of advanced electrosurgery technologies: Scope remains for innovations such as robotics integration, precise energy delivery, and sensor technologies to create new revenue streams going ahead.

Impact of COVID-19 on Electrosurgical Devices Market Growth

The COVID-19 pandemic has significantly impacted the growth of the electrosurgical devices market. In the initial months of the pandemic, most elective surgeries were postponed to focus on the treatment of COVID-19 patients and preserve medical resources. This led to a decline in the demand for electrosurgical devices from the first quarter of 2020. However, as the pandemic situation improved later in the year and restrictions eased, the demand started recovering.

Manufacturers faced disruptions in the supply chain and distribution channels during the lockdown periods. This affected the production and supply of electrosurgical devices. However, with relaxations in restrictions and resumption of economic activities, the supply chain is restoring to pre-pandemic levels. Some of the challenges that still remain include shortage of raw materials and price fluctuations.

The demand for minimally invasive surgeries using advanced electrosurgical technologies is growing post-pandemic. This is because such surgeries offer benefits like less scarring, shorter hospital stay, and faster recovery. This trend is positively impacting the market growth. Various initiatives are being taken by government and private organizations to increase the preparedness of healthcare systems for future pandemics and emergencies. This includes investments in medical infrastructure and stockpiling of critical medical supplies including electrosurgical devices. Such initiatives will support the sustained growth of this market in the forecast period. Continuous development of innovative product technologies catering to changing clinical needs will also drive the market opportunities.

The United States holds the largest share of the electrosurgical devices market in terms of value. This is due to factors such as advanced healthcare infrastructure, rising prevalence of chronic diseases requiring surgical treatment, growing geriatric population undergoing various procedures, and high adoption of advanced technologies. The European region is also a major revenue generator owing to increasing government and private investments in medical technologies and presence of key market players.

The Asia Pacific region is poised to become the fastest growing regional market for electrosurgical devices. This is attributed to rapidly developing healthcare sector, surging medical tourism, rising disposable incomes, growing awareness about minimally invasive therapies, and expansion of private insurance coverage in emerging countries. In addition, manufacturer focus on tapping opportunities in Asia Pacific through development of affordable product offerings will further support the regional market growth over the forecast period.