Surgical Energy Instruments Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Surgical Energy Instruments Market Report Overview
The Surgical Energy Instruments market size was valued at $10.22 billion in 2023. The market is expected to grow at a CAGR of more than 7% during 2023-2033. Electrosurgery makes use of high-frequency electrical currents to coagulate, cut, desiccate, fulgurate, ablate, and shrink tissues. It can be performed using various forms of energy such as radiofrequency, microwaves, and others, in conjunction with a specialized instrument. Surgical energy instruments are frequently used during surgical operations to prevent blood loss in hospitals for inpatient and outpatient procedures.
Surgical Energy Instruments Market Outlook 2023-2023 ($ Billion)
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The Surgical Energy Instruments market research report explains the market behavior, which will help identify quantitative market trends within the general surgery devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Surgical Energy Instruments market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $10.22 Billion |
CAGR (2023-2033) | >7% |
Historic Period | 2015-2022 |
Forecast Period | 2023-2033 |
Key Segments | · Advanced Energy Instruments
· Alternative Energy Instruments · Basic Energy Instruments |
Key Regions | · Asia-Pacific
· Europe · Middle East and Africa · North America · South and Central America |
Key Companies | · Medtronic Plc
· Ethicon Endo-Surgery Inc · Olympus Corp · Stryker Corp · B. Braun Melsungen AG · ConMed Corp · ERBE Elektromedizin GmbH · KLS Martin GmbH & Co KG · Symmetry Surgical Inc · AngioDynamics Inc |
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Surgical Energy Instruments Market Dynamics
The Surgical Energy Instruments market is expected to grow due to a rising number of surgical procedures, surging prevalence of various chronic diseases, and an increasingly aging population. The rising incidence and prevalence of chronic diseases, and the organs underlying and involved such conditions create specific surgical environments that call for each type of surgical energy modality.
Currently, the focus of manufacturers has been on specific technologies that will see higher adoption rates in the future. These include ultrasonic and combination generators at the forefront of most recent clinical trials. These trials enable more variation in modality available to surgeons which allows for better patient outcomes for more successful treatment with surgical energy devices.
Surgical Energy Instruments Market Segments
The key segments in the Surgical Energy Instruments market are Advanced Energy Instruments, Alternative Energy Instruments, and Basic Energy Instruments. Advanced Energy Instruments led the Surgical Energy Instruments market in 2023. Advanced Energy Instruments include Advanced Bipolar Instruments and Ultrasonic Instruments. The Ultrasonic Instruments had the highest share in the last year.
Surgical Energy Instruments Market Analysis by Segments, 2023 (%)
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Surgical Energy Instruments Market Segmentation by Regions
The key regions in the Surgical Energy Instruments market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America dominated the Surgical Energy Instruments market. While RF devices and generators will remain the primary option for surgeons within the region, there is a higher adoption of advanced energy and ultrasonic devices compared globally. GlobalData expects higher R&D within these alternative energy and advanced energy segments within NA.
Surgical Energy Instruments Market Analysis by Regions, 2023 (%)
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Surgical Energy Instruments Market – Competitive Landscape
The key companies in the Surgical Energy Instruments market are:
- Ethicon Endo-Surgery Inc
- Medtronic Plc
- Olympus Corp
- Stryker Corp
- B. Braun Melsungen AG
- ConMed Corp
- ERBE Elektromedizin GmbH
- KLS Martin GmbH & Co KG
- Symmetry Surgical Inc
- AngioDynamics Inc
In 2023, Ethicon Endo-Surgery Inc. accounted for the highest Surgical Energy Instruments market share, followed by Medtronic Plc.
Surgical Energy Instruments Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Surgical Energy Instruments Segment Outlook ($ Billion, 2015-2033)
- Advanced Energy Instruments
- Alternative Energy Instruments
- Basic Energy Instruments
Surgical Energy Instruments Regional Outlook ($ Billion, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed Surgical Energy Instruments market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total Surgical Energy Instruments market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Surgical Energy Instruments market.
- Competitive dynamics insights and trends provided for the Surgical Energy Instruments market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Medtronic Plc, Johnson & Johnson, Olympus Corp, Stryker Corp, B. Braun SE, ConMed Corp, ERBE Elektromedizin GmbH, KLS Martin LP, Aspen Surgical Products Inc, LP, AngioDynamics Inc, Applied Medical Corporation, Utah Medical Products Inc, Boston Scientific Corp, Integra LifeSciences Holdings Corp, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Surgical Energy Instruments market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Surgical Energy Instruments market.
- Competitive dynamics insights and trends provided for the Surgical Energy Instruments market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on Surgical Energy Instruments.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Surgical Energy Instruments.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Surgical Energy Instruments market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Surgical Energy Instruments market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Ethicon Endo-Surgery Inc
Olympus Corp
Stryker Corp
B. Braun Melsungen AG
ConMed Corp
ERBE Elektromedizin GmbH
KLS Martin GmbH & Co KG
Symmetry Surgical Inc
AngioDynamics Inc
Applied Medical Corporation
Utah Medical Products Inc
Boston Scientific Corp
Integra LifeSciences Holdings Corp
Others
Frequently asked questions
-
What was the Surgical Energy Instruments market size in 2023?
The Surgical Energy Instruments market size was $10.22 billion in 2023.
-
What will be the growth rate of the Surgical Energy Instruments market in the forecast period?
The Surgical Energy Instruments market is expected to grow at a CAGR of more than 7% during 2023-2033.
-
Which was the leading segment in the Surgical Energy Instruments market?
The Advanced Energy Instruments segment was leading the Surgical Energy Instruments market.
-
Which region dominated the Surgical Energy Instruments market in 2023?
North America was the largest regional segment of the Surgical Energy Instruments market in 2023.
-
Which are the key companies operating in the Surgical Energy Instruments market?
The key companies in the Surgical Energy Instruments market are Medtronic Plc, Ethicon Endo-Surgery Inc, Olympus Corp, Stryker Corp, B. Braun Melsungen AG, ConMed Corp, ERBE Elektromedizin GmbH, KLS Martin GmbH & Co KG, Symmetry Surgical Inc, and AngioDynamics Inc among others.
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