What Has Been the Progress and Growth of the Electrosurgical Generator Market in Recent Years?
The electrosurgical generator market has seen considerable growth due to a variety of factors.
• The electrosurgical generator market has experienced significant growth in recent years. It is projected to increase from $2.12 billion in 2024 to $2.31 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%.
This growth can be attributed to the rise in surgical procedures, an aging population, regulations promoting safer electrosurgical devices, a boost in aesthetic procedures, and the introduction of advanced generator technologies that enhance precision and safety.
How Does the Forecast Look for the Electrosurgical Generator Market?
The electrosurgical generator market is expected to maintain its strong growth trajectory in upcoming years.
• The electrosurgical generator market is forecasted to grow strongly, reaching $3.25 billion by 2029 with a CAGR of 9.0%.
Factors driving this growth include the integration of electrosurgical generators with robotic surgical systems, expanding healthcare infrastructure in developing regions, demand for compact electrosurgical equipment, innovation in design for cost-effectiveness, and the adoption of AI and machine learning for greater precision. Trends include robotic surgery, precise energy delivery systems, minimally invasive procedures, and telemedicine for remote surgery.
What Are The Leading Drivers Of Growth In The Electrosurgical Generator Market?
The rise in minimally invasive surgeries is expected to boost the growth of the electrosurgical generator market. These surgeries, performed through small incisions with specialized tools, offer benefits such as faster recovery and reduced risk of complications. Electrosurgical generators play a vital role in these procedures by offering precise cutting and coagulation, minimizing bleeding. For instance, in March 2024, the American Society of Plastic Surgeons reported a 7% increase in minimally invasive surgeries in the US in 2023, reaching 25.44 million, which is expected to drive market growth.
How Are The Segments Defined Within The Global Electrosurgical Generator Market?
The electrosurgical generator market covered in this report is segmented –
1) By Type: Monopolar, Bipolar
2) By Application: Optical, Gynecology, Dermatology, Cardiac, Dental, Maxillofacial, Orthopedic, Urology, Neurology, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Clinics, Other End-Users
Subsegments:
1) By Monopolar: Cut Mode Monopolar Generators, Coagulation Mode Monopolar Generators, Blend Mode Monopolar Generators
2) By Bipolar: Bipolar Coagulation Generators, Bipolar Dissection Generators
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Which Emerging Market Trends Are Altering The Electrosurgical Generator Industry?
Leading companies in the electrosurgical generator market are working on developing advanced solutions, such as faster-ignition electrosurgical generators, to improve surgical accuracy and efficiency. These generators are designed for quicker activation, enhancing surgical procedures. For example, in June 2023, Olympus Corporation, a Japan-based manufacturer, launched the ESG-410, a next-gen electrosurgical generator aimed at treating bladder cancer and enlarged prostate. It offers significant improvements over its predecessor, including larger capacitors for better plasma stability, reducing energy needs, and improving tissue removal efficiency in BPH resections. The model also includes an 8.4-inch LCD touchscreen and wireless foot pedals for greater versatility.
Who Are the Key Players In The Electrosurgical Generator Market?
Major companies operating in the electrosurgical generator market are:
• Medtronic PLC
• Johnson & Johnson
• Becton
• Dickinson and Company
• Boston Scientific Corporation
• B. Braun SE
• Olympus Corporation
• Smith & Nephew PLC
• Stryker Corporation
• MKS Instruments Inc.
• CooperSurgical Inc.
• KARL STORZ SE & Co. KG
• Consolidated Medical Equipment Inc.
• KLS Martin SE & Co. KG
• Megadyne Group
• Applied Medical Resources Corporation
• Utah Medical Products Inc.
• Aspen Surgical Products Inc.
• Kirwan Surgical Products LLC
• Xcellance Medical Technologies Private Limited
• Erbe Elektromedizin GmbH
• US Medical Innovations LLC
What Is The Most Dominant Region In The Electrosurgical Generator Market?
North America was the largest region in the electrosurgical generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrosurgical generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
