The global electrosurgery generator market is expected to be valued at approximately USD 1.6 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7.7%, reaching around USD 3.4 billion by the end of 2033. According to a recent study by Future Market Insights, accessories are leading the market with a notable share of about 35.4% in 2022.
The growth of the electrosurgery generator market can be attributed to the increasing number of surgical procedures, advancements in electrosurgical technology, and the rising preference for minimally invasive surgeries. Electrosurgery generators play a crucial role in enhancing surgical efficiency and patient safety by providing precision and control during various procedures.
The market is also witnessing significant innovation in electrosurgical accessories, which are essential for the effective operation of generators. These accessories enhance the overall functionality and effectiveness of electrosurgery, further driving market growth.
As healthcare providers increasingly adopt advanced surgical technologies to improve patient outcomes, the electrosurgery generator market is set to benefit from this trend. Manufacturers focusing on developing innovative and efficient electrosurgical solutions will find ample opportunities to expand their presence in this growing market, catering to the evolving needs of surgical teams and patients alike.
Competitive Landscape
The market is rather consolidated overall due to the numerous rivals in the development of electrosurgery generators. Key players such as Medtronic Plc., Ackermann Instrumente, B. Braun Melsungen AG are adopting new strategies like acquisition , product launches and expansion of their business segments –promote their products. Many upcoming players are also following their footsteps for their business growth
The following are examples of key development strategies used by industry players in the electrosurgery generators market:
- In October 2022, Medtronic announced three significant global market-entry and indication extension approvals for its HugoTM robotic-assisted surgery (RAS) system.
- In September 2021, Olympus Corporation unveiled the first products in its innovative new POWERSEALTM line of bipolar surgical energy solutions.
Similarly, recent developments related to the companies manufacturing electrosurgical generators are available in the full report, which have been tracked by the team at Future Market Insights.
Key Companies Profiled
Medtronic Plc.; Ackermann Instrumente; B. Braun Melsungen AG; JINSHAN Science & Technology (Group) Co., Ltd.; Symmetry Surgical Inc. (Aspen Surgical ); Miconvey SURGICAL; Telea Electronic Engineering S.r.l.; Olympus Corporation; Ethicon US, LLC.; MEDGYN PRODUCTS, INC.; Integra LifeSciences; CONMED Corporation; EMED.; Erbe Elektromedizin GmbH; Beijing Kestrel Co., Ltd.; Matrix Medicals Pvt. Ltd.; Shanghai Huifeng Medical Instrument Co., Ltd; Zimmer Biomet; Micromed Medizintechnik; Heal Force, Promed Technology Co.; KENTAMED Ltd.; TAKTVOLL Co.,Ltd; Senko Medical Instrument Mfg. Co., Ltd.
Key Market Segments Covered in Electrosurgery Generators Industry Research
By Product:
- Radiofrequency Electrosurgery Generators
- Ultrasonic Electrosurgery Generators
- Molecular Resonance Electrosurgery Generators
- Argon Plasma Electrosurgery Generators
- Accessories
By Specialty:
- Urology
- Gynecology
- Gastroenterology
- ENT
- General Surgery
- Others
By Settings:
- Hospitals
- Academic
- Community
- Private
- Ambulatory Surgical Centres
- Speciality Clinics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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