What Has Been the Growth of the Surgical Energy Instruments Market So Far?
The surgical energy instruments market has seen considerable growth due to a variety of factors.
• The surgical energy instruments market has expanded rapidly in recent years. It is expected to grow from $4.68 billion in 2024 to $5.24 billion in 2025, with a CAGR of 12.0%.
The market growth is supported by the increasing number of surgical procedures, an aging population, advancements in healthcare infrastructure, evolving regulations, higher healthcare expenditures, and industry consolidation.
What Is the Forecasted Market Size and Growth Rate for The Surgical Energy Instruments Market Size In The Coming Years?
The surgical energy instruments market is expected to maintain its strong growth trajectory in upcoming years.
• The surgical energy instruments market is projected to grow rapidly, reaching $8.15 billion by 2029 at a CAGR of 11.7%.
Growth is driven by the rise of minimally invasive techniques, expanding markets, patient safety, integration of robotics and smart technologies, and sustainability initiatives. Trends include wireless power transmission, AI and machine learning integration, energy-efficient devices, customized energy profiles, and bioelectronic medicine.
What Factors Are Driving Growth In The Surgical Energy Instruments Market?
The surgical energy instrument market is predicted to flourish due to an uptick in elective cosmetic and reconstructive surgeries. Such surgeries, voluntary procedures patients undergo to optimize appearance or fix physical anomalies, have grown in popularity due to societal understanding and emphasis on looks, improved surgical methods rendering operations more secure and efficient, and increased disposable incomes allowing more patients to undergo such procedures. Surgical energy tools, such as electrosurgical units and lasers, are crucial for cosmetic and reconstructive surgeries because of their accurate tissue cutting, bleeding control through coagulation, and tissue modifying abilities—these contribute to safer operations and better patient outcomes. The British Association of Aesthetic Plastic Surgeons, a UK-based organization that promotes safety and education in cosmetic surgery, cited a significant growth in cosmetic procedures performed in 2022 in their report from March 2023. They documented that 31,057 cosmetic procedures were conducted in the UK in 2022, indicating a remarkable 102% increase from the preceding year. Hence, the escalating number of elective cosmetic and reconstructive surgeries is propelling the surgical energy instrument market.
What Are The Main Segments Of The Global Surgical Energy Instruments Market?
The surgical energy instruments market covered in this report is segmented –
1) By Type: Plasma Radiofrequency Ablation Instrument, High Frequency Energy Instrument, Ultrasonic Energy Instrument
2) By Application: Obstetrics And Gynecology, Orthopedics, Cardiovascular, Neurology, Plastic And Reconstructive Surgeries, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Plasma Radiofrequency Ablation Instrument: Ablation Probes, Electrode Tips, Radiofrequency Ablation Systems For Tumor Treatment
2) By High Frequency Energy Instrument: Electrosurgical Generators, Electrosurgical Pencil And Electrodes, High Frequency Energy Cutting Tools
3) By Ultrasonic Energy Instrument: Ultrasonic Surgical Scalpels, Ultrasonic Dissection Devices, Ultrasonic Aspirators
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What Emerging Trends Are Influencing The Growth Of The Surgical Energy Instruments Market?
Leading firms in the surgical energy instruments market are channeling their efforts into creating innovative surgical systems, like ultrasonic dissection and hybrid energy technologies, to boost surgical accuracy and overall productivity. Ultrasonic dissection uses high-frequency vibrations to accurately cut tissue and control bleeding, whilst hybrid energy devices combine diverse energy sources to enhance surgical productivity and manage tissue. For example, in January 2024, Olympus Corporation, a Japanese medical technology firm, introduced the ESG-410 Surgical Energy Platform. This sophisticated energy platform not only supports traditional monopolar and bipolar functions but also integrates ultrasonic dissection and hybrid energy capabilities. The ESG-410 is a dynamic device that can be utilized in a variety of fields such as general surgery, thoracic surgery, urology, and gynecology. This platform boasts multiple ports to accommodate various surgical requirements, making it the first generator to offer support for five prevalent energy modes in operating rooms like monopolar, bipolar, advanced bipolar, ultrasound, and hybrid energy.
Who Are the Key Players In The Surgical Energy Instruments Market?
Major companies operating in the surgical energy instruments market are:
• Johnson And Johnson Pvt Ltd
• Medtronic Plc
• Stryker Corporation
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Zimmer Biomet Holdings Inc.
• Olympus Corporation
• Intuitive Surgical Inc.
• Smith And Nephew Plc
• CooperSurgical Inc.
• Karl Storz Endoscopy-America Inc.
• ConMed Corporation
• Grena Ltd.
• Aesculap AG
• KLS Martin Group
• Richard Wolf GmbH
• EKF Diagnostics Holdings plc
• Symmetry Surgical Inc.
• Bovie Medical Corporation
• LiNA Medical USA
• Erbe Elektromedizin GmbH
• Megadyne Medical Products Inc.
• BOWA-electronic GmbH & Co. KG
• Elmed Medical Systems Ltd.
• Encision Inc
What Is The Most Dominant Region In The Surgical Energy Instruments Market?
North America was the largest region in the surgical energy instruments market in 2023. The regions covered in the surgical energy instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
