Healthcare

Vessel Sealing Devices Market Size to Rake US$ 10.4 Bn through 2030

The global Vessel Sealing Devices market size is expected to be worth around US$ 10.4 billion by 2030, according to a new report by Vision Research Reports.

Vessel Sealing Devices Market (By Application: General Surgery, Laparoscopic Surgery; By Product: Generators, Instruments, Accessories; By End-user: Hospitals & Specialty Clinics, Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

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Report Highlights

The laparoscopic surgery segment dominated the market for vessel sealing devices and accounted for the largest revenue share of 71.8% in 2020. The segment is also estimated to witness a CAGR of 10.8% in the coming years. The key factor contributing to this growth includes a growing preference for and rising number of minimally invasive surgeries and awareness of benefits of laparoscopic surgeries over open surgeries. According to a 2020 retrospective study performed by the Department of Surgery, Cleveland Medical Center, in the U.S. the number of open procedures performed by general surgery residents has been on the decline since 2000 with a growing preference for minimally invasive surgery. This trend is expected to continue fueling the demand for vessel dealing devices.

The instruments segment dominated the market for vessel sealing devices and accounted for the largest revenue share of 53.1% in 2020. The segment is also expected to witness the fastest CAGR of 10.6% over the forecast period. The key factors contributing to this share include rising demand for reliable, affordable, and safe vessel sealing instruments, product developments, and the rising number of surgical procedures. There is also growing demand for reprocessed or reusable vessel sealing instruments due to their cost-efficacy and associated environmental benefits such as significant reduction in medical waste. KLS Martin Group, based in Germany, offers reusable vessel sealing instruments under the brand name- marSeal.

The hospitals and specialty clinics segment dominated the market for vessel sealing devices and held the largest revenue share of 67.4% in 2020. This is attributable to a higher volume of surgeries performed in hospital settings. Vessel sealing devices in particular reusable devices, also offer better efficacy and cost savings for the end-users. According to a study published in the Journal of Surgical Oncology, reusable vessel sealing devices used in modified total neck dissection procedures significantly reduced medical costs and provided similar clinical efficacy compared to disposable devices.

The Ambulatory Surgical Center (ASC) segment is anticipated to register the fastest CAGR of 11.9% over the forecast period due to the increasing number of ambulatory centers and related cost-effectiveness. According to the March 2021 data provided by the Centers for Medicare and Medicaid Services (CMS), there are about 187 Medicare-certified ASCs in Washington state, 817 in California, 442 in Texas, 457 in Florida, and 368 in Georgia. These numbers are expected to increase over the coming years.

North America dominated the vessel sealing devices market and accounted for the largest revenue share of 62.1% in 2020. The large share of the region is due to the presence of key players and technologically equipped hospitals in the U.S. and Canada. Europe held the second-largest revenue share of the market in 2020 due to an aging population and prevalence of chronic conditions resulting in the increasing number of surgeries.

Key Players

  • Medtronic
  • Olympus Corporation
  • B. Braun Melsungen AG
  • Medical Devices Business Services, Inc. (Johnson & Johnson)
  • Erbe Elektromedizin GmbH
  • Bowa Medical
  • OmniGuide Holdings, Inc.
  • Intuitive Surgical
  • Bolder Surgical, LLC
  • KLS Martin Group

Market Segmentation

  • Application Outlook
    • General Surgery
    • Laparoscopic Surgery
  • Product Outlook
    • Generators
    • Instruments
    • Accessories
  • End-user Outlook
    • Hospitals & Specialty Clinics
    • Ambulatory Surgical Centers
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • MEA
      • South Africa
      • Saudi Arabia

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The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Vessel Sealing Devices Market, By Application

7.1.  Vessel Sealing Devices Market, by Application, 2021-2030

7.1.1.    General Surgery

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Laparoscopic Surgery

7.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Vessel Sealing Devices Market, By Product

8.1.  Vessel Sealing Devices Market, by Product, 2021-2030

8.1.1.    Generators

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Instruments

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Accessories

8.1.3.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global Vessel Sealing Devices Market, By End-use

9.1.  Vessel Sealing Devices Market, by End-use, 2021-2030

9.1.1.    Hospitals & Specialty Clinics

9.1.1.1.        Market Revenue and Forecast (2016-2030)

9.1.2.    Ambulatory Surgical Centers

9.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 10.      Global Vessel Sealing Devices Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Application (2016-2030)

10.1.2.  Market Revenue and Forecast, by Product (2016-2030)

10.1.3.  Market Revenue and Forecast, by End-use (2016-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Application (2016-2030)

10.1.4.2.      Market Revenue and Forecast, by Product (2016-2030)

10.1.4.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Application (2016-2030)

10.1.5.2.      Market Revenue and Forecast, by Product (2016-2030)

10.1.5.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Application (2016-2030)

10.2.2.  Market Revenue and Forecast, by Product (2016-2030)

10.2.3.  Market Revenue and Forecast, by End-use (2016-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Application (2016-2030)

10.2.4.2.      Market Revenue and Forecast, by Product (2016-2030)

10.2.4.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Application (2016-2030)

10.2.5.2.      Market Revenue and Forecast, by Product (2016-2030)

10.2.5.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Application (2016-2030)

10.2.6.2.      Market Revenue and Forecast, by Product (2016-2030)

10.2.6.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Application (2016-2030)

10.2.7.2.      Market Revenue and Forecast, by Product (2016-2030)

10.2.7.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Application (2016-2030)

10.3.2.  Market Revenue and Forecast, by Product (2016-2030)

10.3.3.  Market Revenue and Forecast, by End-use (2016-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Application (2016-2030)

10.3.4.2.      Market Revenue and Forecast, by Product (2016-2030)

10.3.4.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Application (2016-2030)

10.3.5.2.      Market Revenue and Forecast, by Product (2016-2030)

10.3.5.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Application (2016-2030)

10.3.6.2.      Market Revenue and Forecast, by Product (2016-2030)

10.3.6.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Application (2016-2030)

10.3.7.2.      Market Revenue and Forecast, by Product (2016-2030)

10.3.7.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Application (2016-2030)

10.4.2.  Market Revenue and Forecast, by Product (2016-2030)

10.4.3.  Market Revenue and Forecast, by End-use (2016-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Application (2016-2030)

10.4.4.2.      Market Revenue and Forecast, by Product (2016-2030)

10.4.4.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Application (2016-2030)

10.4.5.2.      Market Revenue and Forecast, by Product (2016-2030)

10.4.5.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Application (2016-2030)

10.4.6.2.      Market Revenue and Forecast, by Product (2016-2030)

10.4.6.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Application (2016-2030)

10.4.7.2.      Market Revenue and Forecast, by Product (2016-2030)

10.4.7.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Application (2016-2030)

10.5.2.  Market Revenue and Forecast, by Product (2016-2030)

10.5.3.  Market Revenue and Forecast, by End-use (2016-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Application (2016-2030)

10.5.4.2.      Market Revenue and Forecast, by Product (2016-2030)

10.5.4.3.      Market Revenue and Forecast, by End-use (2016-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Application (2016-2030)

10.5.5.2.      Market Revenue and Forecast, by Product (2016-2030)

10.5.5.3.      Market Revenue and Forecast, by End-use (2016-2030)

Chapter 11.  Company Profiles

11.1.              Qiagen N.V.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              PerkinElmer Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Thermo Fisher Scientific, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Siemens Healthineers

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Danaher Corporation

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Agilent Technologies, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Bio Tek Instruments, Inc.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Eppendorf AG

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Hudson Robotics

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Aurora Biomed Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

11.11.           BMG LABTECH GMBH

11.11.1.               Company Overview

11.11.2.               Product Offerings

11.11.3.               Financial Performance

11.11.4.               Recent Initiatives

11.12.           Tecan Group Ltd.

11.12.1.               Company Overview

11.12.2.               Product Offerings

11.12.3.               Financial Performance

11.12.4.               Recent Initiatives

11.13.           Hamilton Company

11.13.1.               Company Overview

11.13.2.               Product Offerings

11.13.3.               Financial Performance

11.13.4.               Recent Initiatives

11.14.           F. Hoffmann-La Roche

11.14.1.               Company Overview

11.14.2.               Product Offerings

11.14.3.               Financial Performance

11.14.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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