The global monopolar electrosurgery market for the historical period 2017–2018 and forecast period 2019–2027, Rise in demand for cost-effective monopolar electrosurgery devices, especially in emerging countries such as China, India, and Brazil, owing to surge in number of laparoscopic surgeries being performed across the world is projected to drive the global monopolar electrosurgery market during the forecast period
According to the report, the global monopolar electrosurgery market was valued at US$ 1.72 Bn in 2018 and is anticipated to expand at a CAGR of 3.9% from 2019 to 2027
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Rise in government initiatives to increase access to elective surgery: Key Drivers
Elective surgery is defined as a surgery subject to choice of a patient and does not involve medical emergency. Governments across the world have been actively supporting elective surgeries and investing for granting easy access to patients opting for these surgeries.
Rise in incidence of chronic diseases and increase in number of people undergoing surgeries are exerting financial and technological pressure on health care systems across the world, which is augmented by lack of hospital beds and other resources.
Hence, regional governments are undertaking initiatives such as funding and grants to various hospitals and organizations to improve access to elective surgeries to reduce waiting times and indirect healthcare costs associated with medical emergencies.
In 2013–2014, the Victorian Government introduced contestable funding initiative (US$ 420 Mn) over a period of four years to improve access to elective surgery in Australia
Increase in Number of Minimally Invasive Surgical Procedures Performed Each Year Boost Market Growth
Electrosurgical devices have been widely used for minimal invasive surgeries in the field of gynecology, cosmetology, open surgery, laparoscopic procedures, and flexible endoscopic procedures.
Minimally invasive surgery has been one of the most preferred methods of treatment in the past few years among health care providers across the world
A study conducted at the Johns Hopkins University School of Medicine in Maryland, U.S. revealed that urban hospitals were performing laparoscopic appendectomies four times more than rural hospitals, and were likely performing 15 times more minimally invasive hysterectomies than rural hospitals.
According to the American Congress of Obstetricians and Gynecologists (ACOG), the percentage of minimally invasive hysterectomy procedures performed in the U.S., has increased from an estimated 14% in 2004 to 53% in 2013
Introduction of robotic assisted surgery has also driven the number of laparoscopic surgeries performed for indications such as prostatectomy, colorectal cancer surgery, hernia repair, and plastic surgery
According to the American Society of Plastic Surgeons, an estimated 20 million surgical procedures were performed across the world in 2014, and 52% of these were minimally invasive surgeries
Increase in the number of laparoscopic surgeries performed each year is expected to drive demand and subsequent consumption of monopolar electrosurgery devices in the global market. This is in turn expected to propel the global monopolar electrosurgery devices market during the forecast period.
Rise in Preference for Advanced Ultrasonic Devices for Minimally Invasive Surgical Procedures to Hamper Market
Electrosurgery devices based on radiofrequency energy have witnessed constant innovation not only in terms of new devices, but also in terms of advances in technologies and newer forms of energies used to cut and coagulate tissues during laparoscopic procedures
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Ultrasonic energy devices were first launched in 2000 and attracted the attention of health care providers, and gained rapid adoption owing to significant benefits over monopolar and bipolar energy devices in laparoscopic procedures
Ethicon, Inc., Covidien, and Olympus have introduced iconic and blockbuster brands including the HARMONIC, THUNDERBEAT, and Sonicision. This has increased demand for laparoscopic surgeries across the world.
According to Olympus Corporation, the THUNDERBEAT platform registered an estimated 36% revenue growth in the U.S. from 2012 to 2015, and the hand-held instruments registered a 78% volume growth (unit sales) in the country.
Rise in preference for ultrasonic devices in laparoscopic procedures is expected to hamper the growth of the global monopolar electrosurgery devices market
Global Monopolar Electrosurgery market: Competitive Landscape
This report profiles major players in the global monopolar electrosurgery market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global monopolar electrosurgery market is consolidated, with major share captured by two major players in 2016
Leading players operating in the global monopolar electrosurgery market are
- CONMED Corporation
- BOVIE MEDICAL
- Ethicon, Inc.
- Olympus Corporation
- BOWA-electronic GmbH & Co. KG
- Erbe Elektromedizin GmbH
- AG (B. Braun Melsungen AG),
- Meyer-Haake GmbH,
Key Questions Answered in Global Monopolar Electrosurgery Market Report
- What is the scope of growth of product companies in the global monopolar electrosurgery market?
- What will be the Y-o-Y growth of the global monopolar electrosurgery market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global monopolar electrosurgery market?
- Will North America continue to be the most profitable market for monopolar electrosurgery devices providers?
- Which factors are anticipated to hamper the growth of the global monopolar electrosurgery market during the forecast period?
- Which are the leading companies in the global monopolar electrosurgery market?
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Global Monopolar Electrosurgery Market – Segmentation
- Hand Instruments
- Electrosurgical Pencils
- Monopolar Forceps
- Monopolar Electrodes
- Electrosurgical Generator
- Return Electrode
- Single Use
- General Surgery
- Gynecology Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Orthopedic Surgery
- Urology Surgery
- Ambulatory Surgery Centers
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Monopolar Electrosurgery Market
4. Market Overview
4.1.1. Product Type Definition
4.1.2. Industry Evolution / Developments
4.3. Market Dynamics
4.4. Global Monopolar Electrosurgery Market Analysis and Forecasts, 2017–2027
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Winning Imperatives: Top Companies
5.2. Cost Assessment : Monopolar Electrosurgery Devices
6. Global Monopolar Electrosurgery Market Analysis and Forecasts, by Product Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast by Product Type, 2017–2027
6.3.1. Hand Instruments
184.108.40.206. Electrosurgical Pencils
220.127.116.11. Monopolar Forceps
18.104.22.168. Monopolar Electrodes
6.3.2. Electrosurgical Generator
6.3.3. Return Electrode
22.214.171.124. Single Use
6.4. Market Attractiveness by Product Type
7. Global Monopolar Electrosurgery Market Analysis and Forecasts, by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast by Application, 2017–2027
7.3.1. General Surgery
7.3.2. Gynecology Surgery
7.3.3. Cardiovascular Surgery
7.3.4. Cosmetic Surgery
7.3.5. Orthopedic Surgery
7.3.6. Urology Surgery
7.4. Market Attractiveness by Application
8. Global Monopolar Electrosurgery Market Analysis and Forecasts, by End-user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast by End-user, 2017–2027
8.3.2. Ambulatory surgery centers
8.4. Market Attractiveness by End-user
9. Global Monopolar Electrosurgery Market Analysis and Forecasts, by Region
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