ELECTROSURGICAL DEVICES MARKET ANALYSIS

Electrosurgical Devices Market Size and Trends

The electrosurgical devices market is estimated to be valued at USD 6.58 Bn in 2024 and is expected to reach USD 10.07 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

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The demand for electrosurgical devices is expected to grow steadily over the forecast period. Technological advancements aimed at making electrosurgery safer and effective are expanding the scope of procedures where electrosurgery devices are applicable. Manufacturers are focusing on developing single-use variants and devices with advanced features like adjustable power settings and improved insulation. Adoption of electrosurgical devices is being driven by an aging population undergoing increasing number of surgical procedures. Further, ambulatory surgery centers are gaining prominence which is supplementing the market growth of electrosurgery devices.

Increasing prevalence of chronic diseases

With the rising prevalence of chronic diseases globally, the number of surgical procedures has significantly increased over the past couple of decades. Chronic conditions such as cancer, cardiovascular diseases, and neurological disorders are some of the major public health issues contributing to the growing disease burden. According to the World Health Organization (WHO), cancer is the second leading cause of deaths worldwide with nearly 10 million deaths in 2020. Rising geriatric population is another key factor influencing the cancer statistics as older adults are more prone to develop cancer. Similarly, heart diseases also pose a huge economic and health burden on economies. Improved diagnostic capabilities and lifestyle changes have led to a surge in the number of open-heart surgeries and other cardiac procedures performed annually. Neurological disorders including Alzheimer's, Parkinson's, and stroke have enormous social and financial impacts. The growing number of such procedures along with the higher precision and control provided by advanced electrosurgery devices are propelling their demand across hospitals and Ambulatory Surgical Centers.

Over the past few decades, remarkable innovations have been witnessed in electrosurgical technologies aimed at making procedures safer, minimally-invasive, and more effective. Gradually moving from traditional monopolar and bipolar devices, advanced energy platforms such as Argon plasma coagulation, ultrasound, and vessel sealing systems are gaining momentum. These new age devices provide enhanced visibility, precision cutting, and hemostasis with reduced risk of collateral tissue damage. Manufacturers are constantly striving to develop intelligent systems with advanced bipolar and monopolar modes, automatic control of energy delivery and improved ergonomics. The integration of robotics, 3D imaging, tissue analytics, and newer energy modalities in electrosurgery intends for maximizing clinical outcomes.