ID: MRFR/HC/9538-HCR | 120 Pages | Author: Kinjoll Dey | May 2023
Electrosurgery Market is expected to grow USD 9.68 billion at a CAGR 6.2% during the forecast period 2022-2030.
The electrosurgery market size is projected to reach USD 9.68 billion by 2030, registering a CAGR of 6.2% during the forecast period (2022 - 2030)
Electrosurgery is a type of technique used in surgery to control bleeding and rapidly dissect soft tissue. Two common types of electrosurgery are electrocautery and high frequency electrosurgery. Electrocautery is particularly used to achieve hemostasis in a wet surgical field. High frequency electrosurgery uses various electrosurgery modes based on the clinical situation. The modes include electrodesiccation, electrofulguration, electrocoagulation, and electrosection. Several factors that drive the market are the increasing incidence of chronic illnesses and the high demand for minimally invasive surgeries. Moreover, the high market potential in untapped emerging economies is projected to create lucrative opportunities during the forecast period. However, the risk associated with electrosurgical procedures is impeding the market's growth.
The COVID-19 pandemic has affected the business landscape for many organizations worldwide. It has impacted the supply chain, market players, and the production of electrosurgical devices. The supply chain plays an imperative role in fulfilling customer demand. Moreover, the government has imposed restrictions on imports and exports that negatively affect the healthcare industry. As a result of the restrictions imposed, there was a shortage of raw materials for the production of electrosurgical devices. However, at the end of 2020, the supply chain seemed to recover, and production also started increasing. Moreover, in March 2021, when the COVID-19 second wave hit, several market players faced a lack of production due to supply chain disruption.
Furthermore, as per the research, there were also delays in elective electrosurgery during the pandemic. As electrocautery releases an aerosolized plume by means of a monopolar cut, monopolar coagulate, and bipolar electrocautery. The growing aerosolized plume makes it difficult to detect SARS-CoV-2 and is also responsible for the spread of COVID-19. These were concerning factors regarding the patient's health and, due to this, most hospitals chose not to perform elective electrosurgery across the world. Hence, the sudden plummet in electrosurgery led to a reduction in the demand for electrosurgery devices.
Electrosurgery Market Dynamics
Increasing incidence of chronic illnesses
The increasing prevalence of chronic illnesses such as cancer, cardiovascular diseases (CVD), diabetes, and urological diseases drives the market growth. These diseases are influenced by various factors such as family history, physical inactivity, and a sedentary lifestyle. CVD diseases are influenced by factors such as blood clots, diabetes, and obesity. In 2021, according to Diabetes Atlas, there were 537 million adults with diabetes. Furthermore, it has been estimated that there would be a rise till 2030 of up to 643 million, and by 2045, there would be 783 million. Hence, the increasing prevalence of chronic illnesses increases the demand for electrosurgery devices, which fuels the market's growth.
High demand of minimally invasive surgeries
Risk associated with electrosurgical procedures
Surgeons and interventional physicians perform approximately six out of ten electrosurgery procedures routinely. The high-frequency alternating electrical current may produce care-related adverse events (CRAEs). The CRAEs can happen due to dysfunction, inappropriate instrument use, or the presence of an electromagnetic field that can cause stray energy pathways. The factors influencing the CRAEs are instrument complexity, surgical site environment, and lack of knowledge of the instruments, whose consequences can be primarily skin or visceral burns.
Furthermore, several alcohol-based solution swabs are used before using an electrosurgical pencil. In several studies, patients have reported pain due to fire and odour. Moreover, approximately 65% of CRAEs occurred during monopolar electrosurgery. Hence, the adverse risk associated with electrosurgical procedures is projected to retard the market's growth during the forecast year.
Electrosurgery Market Opportunities
High market potential in untapped emerging economies
The growth of emerging markets and developing economies has been rising over the past two decades. Developing countries have been the fastest-growing market for most products and services. Companies in developing regions are manufacturing products in bulk and exporting them to developed countries through collaboration and partnership. The companies are expanding in developing regions where skilled labor and trained managers are inexpensive.
Moreover, according to the research, successful companies develop strategies for business in emerging economies. For instance, US companies prefer to do business mostly with Chinese companies due to their work with missionaries and scholars. Successful electrosurgical market players include Medtronic plc (Ireland), Olympus Corporation (Japan), Boston Scientific (US), Smith & Nephew plc (UK), and CONMED Corporation (US) and these players are expanding their electrosurgical business in emerging countries. Hence, the major manufacturing companies are moving to emerging economic regions, further creating market growth opportunities.
Electrosurgery Market Value Chain Analysis
The global electrosurgery market is projected to exhibit significant growth over the forecast period, which can be attributed to factors like the rising geriatric population and high demand of minimally invasive surgeries. The value chain analysis for the market comprises five major components, which start with research & product development, followed by the manufacturing of the products, distribution & sales, and ends with post-marketing surveillance.
Electrosurgical generators are commercially available in various options. These can produce various electrical waveforms, and different waveforms work on different tissues. There are electrosurgical generators which have both monopolar and bipolar options as well as offering pure cutting, pure coagulation, and blended (cut/coagulation) current modes. Hence, the various options for low-voltage, high-voltage, and modified options further fuel segment growth.
Smoke evacuation systems are used to absorb smoke during electrosurgery procedures, including laser and laparoscopic surgery, etc. In electrosurgical units, smoke evacuation is needed to create a more comfortable table environment as it helps to capture the smoke that forms during the surgery to reduce the health risks. The increasing demand for electrosurgical procedures owing to increasing preferences for minimally invasive surgeries further increases the demand for smoke evacuation systems.
Electrosurgical accessories include electrodes, pencils, suction coagulators, mobile stands, and footswitches. There are two types of electrodes available: sterilized and non-sterilized, and they have features such as easy insertion and removal from the surgical pencil increasing demand. Electrosurgical pencils are available in disposable and reusable versions.
In general surgery, electrosurgery is mostly preferred for thyroid resection with BiClamp and liver resection. Thermofusion using the BiClamp, and a suitable mode of the electrosurgical unit can minimize the risk of secondary bleeding during the thyroid resection. Furthermore, they provide additional advantages such as minimal lateral damage to surrounding structures and good post-operative results. In addition, electrosurgery is widely used during liver surgery. During liver surgery, it provides advantages such as targeted treatment of the blood vessels, little blood loss, and shorter operating times.
Electrosurgery is widely used in reproductive-related surgeries. For instance, it is used in laparoscopic procedures for endometrial and cervical cancer, loop electrode excision procedure (LEEP), and treating infertility diseases such as polycystic ovary syndrome (PCOS) and uterine fibroids. Moreover, technological advancements in order to improve efficacy and reduce potential complications, thus creating more opportunities for the segment's growth.
In orthopedics, electrosurgery is done with a combination of radiofrequency (RF) energy and saline to provide hemostatic sealing of soft tissue and bone. The electrosurgical instruments are used as an alternative to intraosseous drilling in order to facilitate the passage of a suture needle through bone. It is widely used in patients suffering from end-stage osteoarthritis and rheumatoid arthritis.
Transcatheter electrosurgery is a technique to cut cardiac tissue using direct current through guidewires and catheters. This procedure is performed without the need for sternotomy, cardiopulmonary bypass, and cardioplegia. Moreover, any type of cardiac tissue can be cut through transcatheter electrosurgery.
Electrosurgery is mostly preferred for the thermal destruction of abnormally formed tissues in the body through dehydration, coagulation, or vaporization. Moreover, electrosurgery in cancer is used for cutting, removing, or even destroying tissue as well as controlling bleeding. In addition, electrosurgery provides less operating time and limited bleeding, which are advantages for cancer patients.
Electrosurgery is a reliable and inexpensive way to treat various dermatological disorders and cosmetic aberrations. Electrosurgery is used to remove skin lesions such as plane warts, verruca vulgaris, subungual warts, papilloma’s, skin tags, and seborrheic keratosis. Electrosurgery is a reliable, inexpensive, and simple choice for treating various dermatological disorders and cosmetic aberrations. The dermatologist used needlelike cautery to treat a variety of abnormalities on the surface of the skin.
Electrosurgery is commonly used in urology to treat various urinary problems. The urological procedures that can be done through electrosurgery are partial nephrectomy, pyeloplasty, adrenalectomy, radical prostatectomy, and cystectomy. In pyeloplasty, the procedure is done to repair ureters and in adrenalectomy procedures in order to remove tumors, cysts, and abscesses.
Electrosurgery is used in neurological conditions to control the heating and burning of tissues to dissect and obtain hemostasis. It is mostly recommended in neuro-oncology to treat brain tumors. Moreover, electrosurgery instruments are used in cerebral procedures to treat strokes, aneurysms, and arteriovenous malformations (AVM), procedures to address epilepsy, as well as trigeminal neuralgia procedures to treat nerve compression.
Others include plastic surgery, oral and maxillofacial surgery (ENT), and colon & rectal surgery.
Electrosurgery is one of the most commonly used energy systems in laparoscopic surgery in hospital settings. Various electrosurgical procedures are performed in hospitals and clinics, which further need the smoke evacuation device in every department. Factors such as the increasing preference for Minimally Invasive Surgeries (MIS), especially in hospital settings, and the increasing geriatric population support the segment's growth. Moreover, clinics include cosmetic surgery clinics, aesthetic, and restorative dental clinics. The clinics extensively used electrosurgery owing to factors such as increasing skin diseases and rising demand for minimally invasive procedures for aesthetic purposes, which supported the segment's growth.
Specialty centers include specialized Cardiac Arrest Centers (CACs) and cancer centers. CAC includes comprehensive cardiac centers, cardiac arrest receiving centers, and cardiac resuscitation centers. Electrosurgery is widely used to cut or cauterize the cardiac tissue. Moreover, electrosurgery is routinely performed in cancer centers and provides tremendous advantages to the cancer patients, including less postoperative time, less operating time, and limited bleeding.
Ambulatory Surgery Centers (ASC) are transforming the outpatient surgical experience in order to provide convenient, quality care and positive outcomes. Electrosurgical instruments are widely used in ASC owing to the increasing prevalence of chronic illnesses and the growing geriatric population. Electrosurgery is mostly preferred in specialties such as urology, followed by orthopedics, plastic surgery, and gastrointestinal (GI) surgery in ASC.
The economy electrosurgical unit and electrosurgical accessories are widely used in research laboratories for cutting and coagulation. Moreover, electrosurgical instruments are extensively used in diverse applications in medical institutes, cancer institutes, and research institutes. Academic institutes use the information to develop innovative electrosurgery instruments for better outcomes and reduce adverse effects.
Electrosurgery Market Regional Analysis
The electrosurgery market based on the region has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
The rise in the number of minimally invasive surgeries, rising incidences of chronic illnesses, and technology advancements in electrosurgical instruments are anticipated to drive the market growth in the region.
The North America region is expected to show the highest CAGR during the forecast period. This is due to several factors, including demand for both minimally invasive treatments and increasing incidences of chronic illnesses. Moreover, technological advancements in electrosurgical instruments further support regional market growth. For instance, in April 2022, Ethicon Inc. (US), a subsidiary of Johnson & Johnson Services, Inc. (US), launched the ENSEAL X1 Straight Jaw Tissue Sealer, an advanced bipolar energy device that cuts, transects, and enables stronger sealing. Therefore, rapid technological advancements support the market growth in the region.
Electrosurgery Market Competitive Landscape
Market players are improving business through planning and adopting new strategies to increase their market presence. Moreover, they are adopting several strategic initiatives with regard to electrosurgery devices, such as new product launches, contractual agreements, mergers, and acquisitions, increasing investments, and partnering with other players to enlarge the electrosurgery field across the globe.
Johnson & Johnson Services, Inc. (US) is one of the key market players, founded in 1886. It develops, manufactures, and sells various products in the healthcare field worldwide. In September 2019, Johnson & Johnson Services, Inc. launched MEGADYNE MEGA SOFT. It is a reusable patient return electrode, which has been used in over 100 million electrosurgical procedures worldwide. Therefore, the launch of such an innovative device enables market players to enhance patient protection and environmental sustainability, which further supports market growth.
List of companies covered in this report:
Electrosurgery Market Recent Developments
Electrosurgery Market Report Overview
The study covers the existing short-term and long-term market effects. It helps decision-makers to draw up short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the rest of the world. The report analyses market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the market.
|Market Size||2030: USD 9.68 Billion|
|Historical Data||2018 to 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Application, End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World|
|Key Vendors||Johnson & Johnson Services, Inc. (US), Medtronic plc (Ireland), Olympus Corporation (Japan), Stryker Corporation (US), Boston Scientific (US), Smith & Nephew Plc (UK), Erbe Elektromedizin GmbH (Germany), Zimmer Biomet Holdings, Inc. (US), Symmetry Surgical Inc. (US), CONMED Corporation (US)|
|Key Market Opportunities||• High market potential in untapped emerging economies|
|Key Market Drivers||• Increasing incidence of chronic illnesses • High demand of minimally invasive surgeries|
electrosurgery market size is expected to reach USD 9.68 billion at CAGR of 6.2% during the forecast period (2022 - 2030)
Johnson & Johnson Services, Inc. (US), Medtronic plc (Ireland), Olympus Corporation (Japan), Stryker Corporation (US), Boston Scientific (US), Smith & Nephew Plc (UK), Erbe Elektromedizin GmbH (Germany), Zimmer Biomet Holdings, Inc. (US), Symmetry Surgical Inc. (US), CONMED Corporation (US) are the key players in the market
North America is predicted to lead the market of Electrosurgery
Increasing incidence of chronic illnesses and High demand of minimally invasive surgeries are the major driving factors
Risk associated with electrosurgical procedures may limit the market growth
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