Global Electrosurgical Devices Market

Focus on Product, Applications, Market Share Analysis, 18 Countries Analysis, And Competitive Landscape - Analysis And Forecast (2017-2023)

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Market Overview

The global electrosurgical devices market was estimated at $2.64 billion in 2016 and is anticipated to reach $4.33 billion by 2023

The global medical devices market was valued at approximately $371 billion in 2015 and is anticipated to reach $617 billion by 2025. The economic impact on surgical care is anticipated to reach $420 billion by 2030, with approximately 33 million people facing catastrophic health expenditure due to costs of surgeries. The rise in the global geriatric population is also bolstering the increasing level of industry demand and aiding the rise of the global healthcare expenditure. Furthermore, the recent roll out of significant regulatory changes for cost containment has remarkably increased the pressure on the healthcare industry. The companies are extremely pressurized to take necessary initiatives to reduce the costs and make healthcare solutions accessible to wide range of population.

The medical devices industry has been witnessing an annual growth rate of approximately 4.5%, since 2011. Additionally, the medical device manufacturers are facing increasing demand for higher productivity and cost reduction. Further, rising demand for minimally invasive surgeries are significantly impacting the electrosurgical devices market. Therefore, to sustain in the highly competitive market, electrosurgical devices is gradually becoming an indispensable solution for medical device industries. The emergence of electrosurgical devices has facilitated surgical efficiency of several minimally invasive surgeries with precise tissue cut, limited blood loss, and reduced postoperative recovery time. The advent of the advanced energy based medical devices and technologies has improved the diagnosis and treatment, as well as enabled the healthcare companies to meet the regulatory compliance, and to manage their profit margins as well. The electrosurgical devices usually involve generators, monopolar and bipolar devices, electrosurgical accessories, and surgical smoke evacuation systems which improve the efficiency of minimally invasive surgery process as compared to the traditional surgeries.

The purpose of the study is to gain a holistic view of the electrosurgical devices market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the products allied with the electrosurgical devices market, which include electrosurgical generators, monopolar and bipolar devices, electrosurgical accessories, and surgical smoke evacuation systems. The global electrosurgical devices market is segmented into three different parts: by product, by application, and by region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global electrosurgical devices market was estimated at $2.64 billion in 2016 and is anticipated to reach $4.33 billion by 2023. With the increasing demand for minimally invasive surgeries, increasing geriatric population with higher life expectancy, and new product launches by several conglomerate companies, the electrosurgical devices market is expected to witness moderate growth. Moreover, the electrosurgical generators sub-segment dominated the global electrosurgical devices market in 2016 in terms of products. However, the electrosurgical accessories segment is anticipated to witness the highest CAGR in the forecast period from 2017 to 2023. The general surgery application specific electrosurgical devices witnessed the highest industry demand. Besides, the electrosurgical devices specific to orthopaedic surgery are also expected to witness impressive CAGR in the forecast period 2017-2023. 

The global electrosurgical devices market is segmented by the geographical regions into North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW). North America is the leading contributor to the global electrosurgical devices market. However, the Rest of the World (Mainly Middle East and Africa) is expected to grow at a CAGR of 11.00% in the forecast period 2017-2023. The global electrosurgical devices market is majorly dominated by the U.S. and the European players. The U.S. based company Johnson & Johnson Corporation and the European company Medtronic Plc contributed approximately more than 45% of the market value in 2016. 

The key players who have significant contributions to the electrosurgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, Bowa Electronic GmbH & Co.KG, CONMED Corporation, ERBE Elektromedizin GmbH, Johnson & Johnson Corporation, Kirwan Surgical Products, LLC, KLS MARTIN GROUP, Maxerendoscopy, Medtronic Plc, Olympus Corporation, Smith & Nephew Plc, Stryker Corporation, and Utah Medical Products, Inc., among others.

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Key Questions Answered in this Report:

What are the major market drivers, challenges and opportunities in the global electrosurgical devices market?

•    What are the major market drivers, challenges and opportunities in the global electrosurgical devices market?
•    What was the market value of the leading segments and sub-segments of the global electrosurgical devices market in 2016?
•    How will each segment of the global electrosurgical devices market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2023?
•    What are the influencing factors that may affect the market share of the key players?
•    How will the industry evolve during the forecast period 2017- 2023?
•    What are the key developmental strategies that are being implemented by the key players to sustain in this market?
•    What is the market share of each of the companies by electrosurgical generators, devices and accessories across various regions?
•    Who are the key players in the electrosurgical generators, devices and accessories market and what are their contributions?
•    What are the major benefits of the implementation of electrosurgical devices in different field of applications including general surgery, gynaecological surgery, urologic surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery?
•    What is the scope of electrosurgical devices in the emerging economies of Asia Pacific and Latin America?
•    What is the scope for expansion by the key players of the electrosurgical devices market in Asia Pacific and Latin America?

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Report Description

The purpose of this study is to gain a holistic view of the electrosurgical devices market in terms of various influencing factors

The electrosurgical devices industry is a multi-billion-dollar market which consists of multitudinous companies involved in the manufacturing of generators and instruments as well as electrosurgical accessories to bolster the increasing demand for electrosurgical devices.

Electrosurgical devices include electrosurgical generators, monopolar and bipolar devices, and electrosurgical accessories to improve the overall minimally invasive surgical process efficiency (e.g., coagulation, desiccation, fulguration and incision, among others). Currently, electrosurgical devices are essential solutions for the medical devices companies that are facing increasing level of demand for high productivity and cost reduction. The recent advances in electrosurgery has revolutionized the field of surgery. Currently, several minimally invasive surgeries, such as laparoscopy, thoracoscopy, endoscopy, coronary bypass surgery, surgery of face, endoscopic brow, and face lift, among others have been performed using electrosurgical devices. Limited blood loss, minimized post-operative recovery time, and improved efficiency of surgical procedures are the most prominent factors facilitating the growth of incorporation of electrosurgical devices in the surgical industry.  Furthermore, the advent of  technologies, such as vessel sealing technology, tissue response technology, active electrode monitoring systems, and argon gas enhanced technology, has enabled the companies in the medical devices industry to meet the regulatory compliance as well as manage their profit margins and remain competitive in the market.

The purpose of this study is to gain a holistic view of the electrosurgical devices market in terms of various influencing factors, such as recent trends and technological advancements. The scope of this report constitutes of an in-depth study of the global electrosurgical devices market, including a thorough analysis of the products across different regions. The market has been segmented into ‘product’, ‘application’, and ‘regions’. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the market.

This research report aims at answering various aspects of the global electrosurgical devices market with the help of the key factors driving the market, restraints that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. Moreover, the report includes chapters on market dynamics (market drivers, opportunities and challenges) and industry analysis as well. 

The research study considers the market share analysis for a comprehensive understanding of the global electrosurgical devices market, and assesses the factors governing the same. Opportunity matrix and detailed product mapping have been included in the report. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The key players who have been contributing significantly to the electrosurgical devices market include B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, Bowa Electronic GmbH & Co.KG, CONMED Corporation, ERBE Elektromedizin GmbH, Johnson & Johnson Corporation, Kirwan Surgical Products, LLC, KLS MARTIN GROUP, Maxerendoscopy, Medtronic Plc, Olympus Corporation, Smith&NephewPlc, Stryker Corporation, and Utah Medical Products, Inc., among others.

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Table of Contents

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1.1    Introduction
1.2    Techniques of Delivery
1.3    Evolution of Electrosurgical Devices
1.4    Impact of Electrosurgical Devices
1.5    Potential of Electrosurgical Devices Market
1.6    Legal Requirements and Regulations

2.1    Overview
2.2    Impact Analysis of Market Drivers
2.3    Drivers
2.4    Impact Analysis of Market Restraints
2.5    Restraints
2.6    Impact Analysis of Market Opportunities
2.7    Opportunities

3.1    Key Developments and Strategies
3.2    Joint Ventures, Partnerships and Collaborations
3.3    Merger & Acquisition
3.4    Product Launch
3.5    Business Expansions
3.6    Approvals/Certifications and Others
3.7    Patent Analysis
3.8    Market Share Analysis by Company
3.9    Opportunity Matrix by Company

4.1    Overview
4.2    Electrosurgical Generators
4.3    Electrosurgical Instruments and Systems
         4.3.1    Monopolar Devices
         4.3.2    Bipolar Devices
4.4    Electrosurgical Accessories
4.5    Surgical Smoke Evacuation Systems

5.1    Overview
5.2    General Surgery
5.3    Gynaecological Surgery
5.4    Urologic Surgery
5.5    Orthopaedic Surgery
5.6    Cardiovascular Surgery
5.7    Cosmetic Surgery
5.8    Neurosurgery
5.9    Others

6.1    Overview
6.2    Global Insights
6.3    North America
         6.3.1    North America Market Dynamics 
         6.3.2    North America, by Country
                     6.3.2.1     U.S.
                     6.3.2.2    Canada
6.4    Europe
         6.4.1    Europe Market Dynamics 
         6.4.2    Europe, by Country
                     6.4.2.1    Germany
                     6.4.2.2    U.K.
                     6.4.2.3    France
                     6.4.2.4    Italy
                     6.4.2.5    Spain
                     6.4.2.6    Rest of Europe
6.5    Asia Pacific
         6.5.1    Asia Pacific Market Dynamics 
         6.5.2    Asia Pacific, by Country
                     6.5.2.1    Japan
                     6.5.2.2    China
                     6.5.2.3    Australia
                     6.5.2.4    India
                     6.5.2.5    South Korea
                     6.5.2.6    Rest of Asia Pacific
6.6    Latin America
         6.6.1    Latin America Market Dynamics 
         6.6.2    Latin America, by Country
                     6.6.2.1    Brazil
                     6.6.2.2    Mexico
                     6.6.2.3    Rest of Latin America
6.7    Rest of the World
         6.7.1    Rest of the World, by Country
                     6.7.1.1    K.S.A
                     6.7.1.2    U.A.E
                     6.7.1.3    Russia
                     6.7.1.4    Israel
6.8    Rest of RoW

7.1    Overview
7.2    B. Braun Melsungen AG
         7.2.1    Overview
         7.2.2    Overall Business Model
         7.2.3    Overall Product Portfolio 
         7.2.4    Product Offerings for Electrosurgical Devices Market
         7.2.5    Financials
                     7.2.5.1    Financial Summary
         7.2.6    Revenue Mapping, by Country, 2016 ($Million)
         7.2.7    Global Presence 
         7.2.8    Recent Developments
         7.2.9    SWOT Analysis
7.3    Boston Scientific Corporation
         7.3.1    Overview
         7.3.2    Overall Product Portfolio 
         7.3.3    Product Offerings for Electrosurgical Devices Market
         7.3.4    Financials
                     7.3.4.1    Financial Summary
         7.3.5    Global Presence 
         7.3.6    Recent Developments
         7.3.7    SWOT Analysis
7.4    BOVIE MEDICAL CORPORATION
         7.4.1    Overview
         7.4.2    Overall Product Portfolio 
         7.4.3    Product Offerings for Electrosurgical Devices Market
         7.4.4    Financials
                     7.4.4.1    Financial Summary
         7.4.5    Revenue Mapping, by Country, 2016 ($Million)
         7.4.6    Global Presence 
         7.4.7    Recent Developments
         7.4.8    SWOT Analysis
7.5    BOWA- electronic GmbH & Co. KG
         7.5.1    Overview
         7.5.2    Overall Product Portfolio 
         7.5.3    Product Offerings for Electrosurgical Devices Market
         7.5.4    Global Presence 
         7.5.5    Recent Developments
         7.5.6    SWOT Analysis
7.6    CONMED Corporation
         7.6.1    Overview
         7.6.2    Overall Product Portfolio 
         7.6.3    Product Offerings for Electrosurgical Devices Market
         7.6.4    Financials
                     7.6.4.1    Financial Summary
         7.6.5    Revenue Mapping, by Country, 2016 ($Million)
         7.6.6    Global Presence 
         7.6.7    Recent Developments
         7.6.8    SWOT Analysis
7.7    ERBE Elektromedizin GmbH
         7.7.1    Overview
         7.7.2    Overall Product Portfolio 
         7.7.3    Product Offerings for Electrosurgical Devices Market
         7.7.4    Revenue Mapping, by Country, 2016 ($Million)
         7.7.5    Global Presence 
         7.7.6    Recent Developments
         7.7.7    SWOT Analysis
7.8    Johnson & Johnson Corporation
         7.8.1    Overview
         7.8.2    Overall Product Portfolio 
         7.8.3    Product Offerings for Electrosurgical Devices Market
         7.8.4    Financials
                     7.8.4.1    Financial Summary
         7.8.5    Revenue Mapping, by Country, 2016 ($Million)
         7.8.6    Global Presence 
         7.8.7    Recent Developments
         7.8.8    SWOT Analysis
7.9    Kirwan Surgical Products, LLC.
         7.9.1    Overview
         7.9.2    Overall Product Portfolio 
         7.9.3    Product Offerings for Electrosurgical Devices Market
         7.9.4    Global Presence 
         7.9.5    Recent Developments
         7.9.6    SWOT Analysis
7.10    KLS MARTIN (KLS) GROUP
         7.10.1    Overview
         7.10.2    Overall Product Portfolio 
         7.10.3    Product Offerings for Electrosurgical Devices Market
         7.10.4    Global Presence 
         7.10.5    Recent Developments
         7.10.6    SWOT Analysis
7.11  Maxerendoscopy
         7.11.1    Overview
         7.11.2    Overall Product Portfolio 
         7.11.3    Product Offerings for Electrosurgical Devices Market
         7.11.4    Global Presence 
         7.11.5    Recent Developments
         7.11.6    SWOT Analysis
7.12    Medtronic Plc
           7.12.1    Overview
           7.12.2    Overall Product Portfolio 
           7.12.3    Product Offerings for Electrosurgical Devices Market
           7.12.4    Financials
                         7.12.4.1    Financial Summary
           7.12.5    Revenue Mapping, by Country, 2016 ($Million)
           7.12.6    Global Presence 
           7.12.7    Recent Developments
           7.12.8    SWOT Analysis
7.13    Olympus Corporation
           7.13.1    Overview
           7.13.2    Overall Product Portfolio 
           7.13.3    Product Offerings for Electrosurgical Devices Market
           7.13.4    Financials
                         7.13.4.1    Financial Summary
           7.13.5    Revenue Mapping, by Country, 2016 ($Million)
           7.13.6    Global Presence 
           7.13.7    Recent Developments
           7.13.8    SWOT Analysis
7.14    Smith&Nephew plc
           7.14.1    Overview
           7.14.2    Overall Product Portfolio 
           7.14.3    Product Offerings for Electrosurgical Devices Market
           7.14.4    Financials
                         7.14.4.1    Financial Summary
           7.14.5    Global Presence 
           7.14.6    Recent Developments
           7.14.7    SWOT Analysis
7.15    Stryker Corporation
           7.15.1    Overview
           7.15.2    Overall Product Portfolio 
           7.15.3    Product Offerings for Electrosurgical Devices Market
           7.15.4    Financials
                         7.15.4.1    Financial Summary
           7.15.5    Global Presence 
           7.15.6    Recent Developments
           7.15.7    SWOT Analysis
7.16    Utah Medical Products, Inc.
           7.16.1    Overview
           7.16.2    Overall Product Portfolio 
           7.16.3    Product Offerings for Electrosurgical Devices Market
           7.16.4    Financials
                         7.16.4.1    Financial Summary
           7.16.5    Global Presence 
           7.16.6    SWOT Analysis
7.17    Applied Medical Resources Corporation
7.18    Judd Medical Ltd.
7.19    Plasma Surgical
7.20    SYMMETRY SURGICAL, Inc.

8.1    Scope of the Report
8.2    Global Electrosurgical Devices Market Segmentation
8.3    Research Methodology
         8.3.1    Primary Research
         8.3.2    Secondary Research
         8.3.3    Key Data Points from Primary Sources 
         8.3.4    Key Data Points from Secondary Sources
         8.3.5    Data Triangulation
         8.3.6    Top-Down Approach (Segment wise Analysis)
         8.3.7    Bottom-Up Approach (Segmental Analysis)
8.4    Assumptions and Limitations
8.5    Data and Prediction Modelling

I    Annexure 1: Recent Key Developments  (2014-2017)
II    Annexure 2: Product Mapping
III    Annexure 2: Patent Landscape

1    Key Regional Market Value, 2016 ($Million)
2    Impact Analysis of Market Drivers
3    Healthcare Expenditure, by Country ($Billion)
4    Percentage of Total Regional Population Aged 65 Years and Above (2015 and 2030)
5    Impact Analysis of Market Restraints 
6    Impact Analysis of Market Opportunities
7    Gross R&D Expenditure, by Country ($Billion)
8    Analysis of Intellectual Property Rights, by Company (2014-2017)
9    Some of the Key Players in Electrosurgical Generators Market
10    Europe Electrosurgical Devices Market, by Country, $Million (2016-2023)
11    Netherlands Electrosurgical Devices Market, by Company, by Generators and Devices (2016) $ Million
12    Asia Pacific Electrosurgical Devices Market, by Country, $Million (2016-2023)
13    Latin America Electrosurgical Devices Market, by Country, $Million (2016-2023)
14    Rest of the World Electrosurgical Devices Market, by Country, $Million (2016-2023)
15    B. Braun Melsungen AG: Revenue Mapping, by Country, 2016 ($Million)
16    B. Braun Melsungen AG: Business Expansion and Recognition
17    B. Braun Melsungen AG: Acquisitions, Mergers, Partnership, Collaborations, and Joint Ventures
18    Boston Scientific Corporation: Partnership, Collaborations, and Joint Ventures
19    Boston Scientific Corporation: Merger and Acquisitions 
20    BOVIE MEDICAL CORPORATION: Revenue Mapping, by Country, 2016 ($Million)
21    BOVIE MEDICAL CORPORATION: Partnership, Collaborations, and Joint Ventures 
22    BOVIE MEDICAL CORPORATION: Product Launch and Approvals
23    BOVIE MEDICAL CORPORATION: Business Expansion and Others
24    BOWA- electronic GmbH & Co. KG: Product Launch 
25    CONMED Corporation: Revenue Mapping, by Country, 2016 ($Million)
26    CONMED Corporation: Acquisitions and Collaborations 
27    ERBE Elektromedizin GmbH: Revenue Mapping, by Country, 2016 ($Million)
28    ERBE Elektromedizin GmbH: Product Launch
29    ERBE Elektromedizin GmbH: Recognition
30    Johnson & Johnson Corporation: Revenue Mapping, by Country, 2016 ($Million)
31    Johnson & Johnson Corporation: Product Launch
32    Johnson & Johnson Corporation: Partnership, Collaborations, and Joint Ventures 
33    Johnson & Johnson Corporation: Merger and Acquisitions 
34    KirwanSurgical Products, LLC.: Partnership, Collaborations, and Joint Ventures 
35    KirwanSurgical Products, LLC.: Recognition 
36    KLS MARTIN (KLS) GROUP: Product Launch
37    KLS MARTIN (KLS) GROUP: Business Expansion and Others
38    Maxerendoscopy: Product Launch
39    Medtronic Plc: Revenue Mapping, by Country, 2016 ($Million)
40    Medtronic Plc: Merger and Acquisitions
41    Medtronic Plc: Partnership, Collaborations, and Joint Ventures 
42    Medtronic Plc: Business Expansion and Others 
43    Olympus Corporation: Revenue Mapping, by Country, 2016 ($Million)
44    Olympus Corporation: Partnership, Collaborations, and Joint Ventures 
45    Olympus Corporation: Product Launch
46    Smith&Nephew plc: Partnership, Collaborations, and Joint Ventures 
47    Smith&Nephew plc: Product Launch
48    Smith&Nephew plc: Merger and Acquisitions
49    Stryker Corporation: Merger and Acquisitions

1     Global Medical Devices Sales($Billion)
2     Global Disease Burden ($Million)
3     Global Geriatric Population ($Million)
4    Market Drivers and Market Restraints
5    Market Statistics
6    Global Electrosurgical Devices Market Share, by Company (2016)
7    Global Electrosurgical Devices Market (2016-2023)
8    Global Electrosurgical Devices Market, by Product (2016 and 2026) 
9    Global Electrosurgical Devices Market, by Application (2016 and 2023) 
10    Global Electrosurgical Devices Market, by Region (2016 and 2023)
11    Principles of Electrosurgery
12    Evolution of Electrosurgical Devices
13    Global Electrosurgical Devices Market (2016-2023)
14    Market Dynamics
15    Common Risks Associated with Electrosurgical Devices
16    Share of Key Developments and Strategies
17    Joint Ventures, Partnerships, and Collaborations Share, by Companies
18    Merger and Acquisitions Share, by Companies
19    Product/Platform Launch Share, by Companies
20    Business Expansion and Establishment Share, by Companies
21    Approvals, Awards and Recognition Share, by Companies
22    Patent Analysis
23    Global Electrosurgical Devices Market Revenue, by Companies (2015)
24    Global Electrosurgical Devices Market Revenue, by Companies (2016)
25    Global Electrosurgical Devices Market Opportunity Matrix, by Company (2016)
26    Electrosurgical Devices Market, by Product
27    Global Electrosurgical  Devices Market, by Product (2016-2023)
28    Types of Electrosurgical Generators
29    Global Electrosurgical  Devices Market, by Generators (2016-2023)
30    Types of Electrosurgical Instruments and Systems
31    Global Electrosurgical  Devices Market, by Monopolar Devices (2016-2023)
32    Global Electrosurgical  Devices Market, by Bipolar Devices (2016-2023)
33    Global Electrosurgical  Devices Market, by Electrosurgical Accessories (2016-2023)
34    Electrosurgical Devices Market, by Applications
35    Global Electrosurgical  Devices Market, by Applications (2016-2023)
36    Global Electrosurgical  Devices Market, by General Surgery (2016-2023)
37    Evolution of Electrosurgery in Gynaecological Laparoscopy
38    Global Electrosurgical  Devices Market, by Gynaecological Surgery (2016-2023)
39    Global Electrosurgical  Devices Market, by Urologic Surgery (2016-2023)
40    Global Electrosurgical  Devices Market, by Orthopaedic Surgery (2016-2023)
41    Global Electrosurgical  Devices Market, by Cardiovascular Surgery (2016-2023)
42    Global Electrosurgical  Devices Market, by Cosmetic Surgery (2016-2023)
43    Global Electrosurgical  Devices Market, by Neurosurgery (2016-2023)
44    Global Electrosurgical  Devices Market, by Others (2016-2023)
45    Global Electrosurgical Devices Market, by Region (2016-2023)
46    North America Electrosurgical Devices Market (2016-2023)
47    North America Electrosurgical Devices Market, by Countries (2016-2023)
48    The U.S. Electrosurgical Devices Market (2016-2023)
49    The U.S. Electrosurgical Devices Generators Market, by Companies (2016)
50    The U.S. Electrosurgical Devices  and Accessories Market, by Companies (2016)
51    Canada Electrosurgical Devices Market (2016-2023)
52    Canada Electrosurgical Devices Generators Market, by Companies (2016)
53    Canada Electrosurgical Devices  and Accessories Market, by Companies (2016)
54    Europe Electrosurgical Devices Market (2016-2023)
55    Germany Electrosurgical Devices Market (2016-2023)
56    Germany Electrosurgical Devices Generators Market, by Companies (2016)
57    Germany Electrosurgical Devices  and Accessories Market, by Companies (2016)
58    The U.K. Electrosurgical Devices Market (2016-2023)
59    The U.K. Electrosurgical Devices Generators Market, by Companies (2016)
60    The U.K. Electrosurgical Devices  and Accessories Market, by Companies (2016)
61    France Electrosurgical Devices Market (2016-2023)
62    France Electrosurgical Devices Generators Market, by Companies (2016)
63    France Electrosurgical Devices  and Accessories Market, by Companies (2016)
64    Italy Electrosurgical Devices Market (2016-2023)
65    Italy Electrosurgical Devices Generators Market, by Companies (2016)
66    Italy Electrosurgical Devices  and Accessories Market, by Companies (2016)
67    Spain Electrosurgical Devices Market (2016-2023)
68    Spain Electrosurgical Devices Generators Market, by Companies (2016)
69    Spain Electrosurgical Devices  and Accessories Market, by Companies (2016)
70    Rest of the Europe Electrosurgical Devices Market (2016-2023)
71    Asia Pacific Electrosurgical Devices Market (2016-2023)
72    Japan Electrosurgical Devices Market (2016-2023)
73    Japan Electrosurgical Devices Generators Market, by Companies (2016)
74    Japan Electrosurgical Devices  and Accessories Market, by Companies (2016)
75    China Electrosurgical Devices Market (2016-2023)
76    China Electrosurgical Devices Generators Market, by Companies (2016)
77    China Electrosurgical Devices and Accessories Market, by Companies (2016)
78    Australia Electrosurgical Devices Market (2016-2023)
79    Australia Electrosurgical Devices Generators Market, by Companies (2016)
80    Australia Electrosurgical Devices and Accessories Market, by Companies (2016)
81    India Electrosurgical Devices Market (2016-2023)
82    South Korea Electrosurgical Devices Market (2016-2023)
83    Rest of Asia Pacific Electrosurgical Devices Market (2016-2023)
84    Latin America Electrosurgical Devices Market (2016-2023)
85    Brazil Electrosurgical Devices Market (2016-2023)
86    Brazil Electrosurgical Devices Generators Market, by Companies (2016)
87    Brazil Electrosurgical Devices and Accessories Market, by Companies (2016)
88    Mexico Electrosurgical Devices Market (2016-2023)
89    Rest of Latin America Electrosurgical Devices Market (2016-2023)
90    Rest of the World Electrosurgical Devices Market (2016-2023)
91    Rest of the World Electrosurgical Devices Generators Market, by Companies (2016)
92    Rest of the World Electrosurgical Devices and Accessories Market, by Companies (2016)
93    K.S.A Electrosurgical Devices Market (2016-2023)
94    U.A.E Electrosurgical Devices Market (2016-2023)
95    Russia Electrosurgical Devices Market (2016-2023)
96    Russia Electrosurgical Devices Generators Market, by Companies (2016)
97    Russia Electrosurgical Devices and Accessories Market, by Companies (2016)
98    Israel Electrosurgical Devices Market (2016-2023)
99    Rest of Rest of the World Electrosurgical Devices Market (2016-2023)
100    Share of Key Companies Profiles
101    B. Braun Melsungen AG: Overall Business Model
102    B. Braun Melsungen AG: Overall Product Portfolio
103    B. Braun Melsungen AG: Product Portfolio for Electrosurgical Devices
104    B. Braun Melsungen AG: Overall Financials (2014-2016)
105    B. Braun Melsungen AG: Revenue by Region (2014-2016)
106    B. Braun Melsungen AG: Revenue by Division (2014-2016)
107    B. Braun Melsungen AG: Global Presence
108    B. Braun Melsungen AG: SWOT Analysis
109    Boston Scientific Corporation: Overall Product Portfolio
110    Boston Scientific Corporation: Product Portfolio for Electrosurgical Devices
111    Boston Scientific Corporation: Overall Financials (2014-2017)
112    Boston Scientific Corporation: Revenue by Business Segment (2014-2017)
113    Boston Scientific Corporation: Revenue by Region (2014-2017)
114    Boston Scientific Corporation: Revenue by MedSurg Business Segment (2014-2017)
115    Boston Scientific Corporation: Global Presence
116    Boston Scientific Corporation: SWOT Analysis
117    BOVIE MEDICAL CORPORATION: Overall Product Portfolio
118    BOVIE MEDICAL CORPORATION: Product Portfolio for Electrosurgical Devices
119    BOVIE MEDICAL CORPORATION: Overall Financials (2014-2017)
120    BOVIE MEDICAL CORPORATION: Revenue by Products Segment (2014)
121    BOVIE MEDICAL CORPORATION: Revenue by Products Segment (2015-2017)
122    BOVIE MEDICAL CORPORATION: Revenue by Region (2014-2017)
123    BOVIE MEDICAL CORPORATION: Global Presence
124    BOVIE MEDICAL CORPORATION: SWOT Analysis
125    BOWA- electronic GmbH & Co. KG: Overall Product Portfolio
126    BOWA- electronic GmbH & Co. KG: Product Portfolio for Electrosurgical Devices
127    BOWA- electronic GmbH & Co. KG: Global Presence
128    BOWA- electronic GmbH & Co. KG: SWOT Analysis
129    CONMED Corporation: Overall Product Portfolio
130    CONMED Corporation: Product Portfolio for Electrosurgical Devices
131    CONMED Corporation: Overall Financials (2014-2017)
132    CONMED Corporation: Revenue by Business Segment (2014-2016)
133    CONMED Corporation: Revenue by Business Segment (2017)
134    CONMED Corporation: Revenue by Region (2014-2017)
135    CONMED Corporation: Global Presence
136    CONMED Corporation: SWOT Analysis
137    ERBE Elektromedizin GmbH: Overall Product Portfolio
138    ERBE Elektromedizin GmbH: Product Portfolio for Electrosurgical Devices
139    ERBE Elektromedizin GmbH: Global Presence
140    ERBE Elektromedizin GmbH: SWOT Analysis
141    Johnson & Johnson Corporation: Overall Product Portfolio
142    Johnson & Johnson Corporation: Product Portfolio for Electrosurgical Devices
143    Johnson & Johnson Corporation: Overall Financials (2014-2017)
144    Johnson & Johnson Corporation: Revenue by Business Segment (2014-2017)
145    Johnson & Johnson Corporation: Revenue by Surgery Sub Segment (2014-2017)
146    Johnson & Johnson Corporation: Revenue by Region (2014-2017)
147    Johnson & Johnson Corporation: Global Presence
148    Johnson & Johnson Corporation: SWOT Analysis
149    KirwanSurgical Products, LLC.: Overall Product Portfolio
150    KirwanSurgical Products, LLC.: Product Portfolio for Electrosurgical Devices
151    KirwanSurgical Products, LLC.: Global Presence
152    KirwanSurgical Products, LLC.: SWOT Analysis
153    KLS MARTIN (KLS) GROUP: Overall Product Portfolio
154    KLS MARTIN (KLS) GROUP: Product Portfolio for Electrosurgical Devices
155    KLS MARTIN (KLS) GROUP: Global Presence
156    KLS MARTIN (KLS) GROUP: SWOT Analysis
157    Maxerendoscopy: Overall Product Portfolio
158    Maxerendoscopy: Product Portfolio for Electrosurgical Devices
159    Maxerendoscopy: Global Presence
160    Maxerendoscopy: SWOT Analysis
161    Medtronic Plc: Overall Product Portfolio
162    Medtronic Plc: Product Portfolio for Electrosurgical Devices
163    Medtronic Plc: Overall Financials (2014-2017)
164    Medtronic Plc: Revenue by Business Segment (2014-2017)
165    Medtronic Plc: Revenue by Region (2014-2017)
166    Medtronic Plc: Global Presence
167    Medtronic Plc: SWOT Analysis
168    Olympus Corporation: Overall Product Portfolio
169    Olympus Corporation: Product Portfolio for Electrosurgical Devices
170    Olympus Corporation: Overall Financials (2014-2017)
171    Olympus Corporation: Revenue by Business Segment (2014-2017)
172    Olympus Corporation: Revenue by Region (2014-2017)
173    Olympus Corporation: Global Presence
174    Olympus Corporation: SWOT Analysis
175    Smith&Nephew plc: Overall Product Portfolio
176    Smith&Nephew plc: Product Portfolio for Electrosurgical Devices
177    Smith&Nephew plc: Overall Financials (2014-2017)
178    Smith&Nephew plc: Revenue by Business Segment (2014-2017)
179    Smith&Nephew plc: Revenue by Region (2014-2017)
180    Smith&Nephew plc: Global Presence
181    Smith&Nephew plc: SWOT Analysis
182    Stryker Corporation: Overall Product Portfolio
183    Stryker Corporation: Product Portfolio for Electrosurgical Devices
184    Stryker Corporation: Overall Financials (2014-2017)
185    Stryker Corporation: Revenue by Business Segment (2014-2017)
186    Stryker Corporation: Revenue by MedSurg Business Segment (2014-2017)
187    Stryker Corporation: Revenue by Region (2014-2017)
188    Stryker Corporation: Global Presence
189    Stryker Corporation: SWOT Analysis
190    Utah Medical Products, Inc.: Overall Product Portfolio
191    Utah Medical Products, Inc.: Product Portfolio for Electrosurgical Devices
192    Utah Medical Products, Inc.: Overall Financials (2014-2017)
193    Utah Medical Products, Inc.: Revenue by Business Segment (2014-2017)
194    Utah Medical Products, Inc.: Revenue by Region (2014-2017)
195    Utah Medical Products, Inc.: Global Presence
196    Utah Medical Products, Inc.: SWOT Analysis

Market Overview

The global medical devices market was valued at approximately $371 billion in 2015 and is anticipated to reach $617 billion by 2025. The economic impact on surgical care is anticipated to reach $420 billion by 2030, with approximately 33 million people facing catastrophic health expenditure due to costs of surgeries. The rise in the global geriatric population is also bolstering the increasing level of industry demand and aiding the rise of the global healthcare expenditure. Furthermore, the recent roll out of significant regulatory changes for cost containment has remarkably increased the pressure on the healthcare industry. The companies are extremely pressurized to take necessary initiatives to reduce the costs and make healthcare solutions accessible to wide range of population.

The medical devices industry has been witnessing an annual growth rate of approximately 4.5%, since 2011. Additionally, the medical device manufacturers are facing increasing demand for higher productivity and cost reduction. Further, rising demand for minimally invasive surgeries are significantly impacting the electrosurgical devices market. Therefore, to sustain in the highly competitive market, electrosurgical devices is gradually becoming an indispensable solution for medical device industries. The emergence of electrosurgical devices has facilitated surgical efficiency of several minimally invasive surgeries with precise tissue cut, limited blood loss, and reduced postoperative recovery time. The advent of the advanced energy based medical devices and technologies has improved the diagnosis and treatment, as well as enabled the healthcare companies to meet the regulatory compliance, and to manage their profit margins as well. The electrosurgical devices usually involve generators, monopolar and bipolar devices, electrosurgical accessories, and surgical smoke evacuation systems which improve the efficiency of minimally invasive surgery process as compared to the traditional surgeries.

The purpose of the study is to gain a holistic view of the electrosurgical devices market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the products allied with the electrosurgical devices market, which include electrosurgical generators, monopolar and bipolar devices, electrosurgical accessories, and surgical smoke evacuation systems. The global electrosurgical devices market is segmented into three different parts: by product, by application, and by region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global electrosurgical devices market was estimated at $2.64 billion in 2016 and is anticipated to reach $4.33 billion by 2023. With the increasing demand for minimally invasive surgeries, increasing geriatric population with higher life expectancy, and new product launches by several conglomerate companies, the electrosurgical devices market is expected to witness moderate growth. Moreover, the electrosurgical generators sub-segment dominated the global electrosurgical devices market in 2016 in terms of products. However, the electrosurgical accessories segment is anticipated to witness the highest CAGR in the forecast period from 2017 to 2023. The general surgery application specific electrosurgical devices witnessed the highest industry demand. Besides, the electrosurgical devices specific to orthopaedic surgery are also expected to witness impressive CAGR in the forecast period 2017-2023. 

The global electrosurgical devices market is segmented by the geographical regions into North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW). North America is the leading contributor to the global electrosurgical devices market. However, the Rest of the World (Mainly Middle East and Africa) is expected to grow at a CAGR of 11.00% in the forecast period 2017-2023. The global electrosurgical devices market is majorly dominated by the U.S. and the European players. The U.S. based company Johnson & Johnson Corporation and the European company Medtronic Plc contributed approximately more than 45% of the market value in 2016. 

The key players who have significant contributions to the electrosurgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, Bowa Electronic GmbH & Co.KG, CONMED Corporation, ERBE Elektromedizin GmbH, Johnson & Johnson Corporation, Kirwan Surgical Products, LLC, KLS MARTIN GROUP, Maxerendoscopy, Medtronic Plc, Olympus Corporation, Smith & Nephew Plc, Stryker Corporation, and Utah Medical Products, Inc., among others.

Key Questions Answered in this Report:

•    What are the major market drivers, challenges and opportunities in the global electrosurgical devices market?
•    What was the market value of the leading segments and sub-segments of the global electrosurgical devices market in 2016?
•    How will each segment of the global electrosurgical devices market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2023?
•    What are the influencing factors that may affect the market share of the key players?
•    How will the industry evolve during the forecast period 2017- 2023?
•    What are the key developmental strategies that are being implemented by the key players to sustain in this market?
•    What is the market share of each of the companies by electrosurgical generators, devices and accessories across various regions?
•    Who are the key players in the electrosurgical generators, devices and accessories market and what are their contributions?
•    What are the major benefits of the implementation of electrosurgical devices in different field of applications including general surgery, gynaecological surgery, urologic surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery?
•    What is the scope of electrosurgical devices in the emerging economies of Asia Pacific and Latin America?
•    What is the scope for expansion by the key players of the electrosurgical devices market in Asia Pacific and Latin America?

Report Description

The electrosurgical devices industry is a multi-billion-dollar market which consists of multitudinous companies involved in the manufacturing of generators and instruments as well as electrosurgical accessories to bolster the increasing demand for electrosurgical devices.

Electrosurgical devices include electrosurgical generators, monopolar and bipolar devices, and electrosurgical accessories to improve the overall minimally invasive surgical process efficiency (e.g., coagulation, desiccation, fulguration and incision, among others). Currently, electrosurgical devices are essential solutions for the medical devices companies that are facing increasing level of demand for high productivity and cost reduction. The recent advances in electrosurgery has revolutionized the field of surgery. Currently, several minimally invasive surgeries, such as laparoscopy, thoracoscopy, endoscopy, coronary bypass surgery, surgery of face, endoscopic brow, and face lift, among others have been performed using electrosurgical devices. Limited blood loss, minimized post-operative recovery time, and improved efficiency of surgical procedures are the most prominent factors facilitating the growth of incorporation of electrosurgical devices in the surgical industry.  Furthermore, the advent of  technologies, such as vessel sealing technology, tissue response technology, active electrode monitoring systems, and argon gas enhanced technology, has enabled the companies in the medical devices industry to meet the regulatory compliance as well as manage their profit margins and remain competitive in the market.

The purpose of this study is to gain a holistic view of the electrosurgical devices market in terms of various influencing factors, such as recent trends and technological advancements. The scope of this report constitutes of an in-depth study of the global electrosurgical devices market, including a thorough analysis of the products across different regions. The market has been segmented into ‘product’, ‘application’, and ‘regions’. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the market.

This research report aims at answering various aspects of the global electrosurgical devices market with the help of the key factors driving the market, restraints that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. Moreover, the report includes chapters on market dynamics (market drivers, opportunities and challenges) and industry analysis as well. 

The research study considers the market share analysis for a comprehensive understanding of the global electrosurgical devices market, and assesses the factors governing the same. Opportunity matrix and detailed product mapping have been included in the report. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The key players who have been contributing significantly to the electrosurgical devices market include B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, Bowa Electronic GmbH & Co.KG, CONMED Corporation, ERBE Elektromedizin GmbH, Johnson & Johnson Corporation, Kirwan Surgical Products, LLC, KLS MARTIN GROUP, Maxerendoscopy, Medtronic Plc, Olympus Corporation, Smith&NephewPlc, Stryker Corporation, and Utah Medical Products, Inc., among others.

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