Fact.MR – A Market Research and Competitive Intelligence Provider: According to the latest Fact.MR analysis, the global monopolar electrosurgery market size is estimated to US$ 2 Bn in 2021.
Hand Instruments to Remain the Top-Selling Product in Monopolar Electrosurgery Market
The latest report by Fact.MR provides in-depth analysis of drivers, restrains, and emerging trends shaping future outlook of the monopolar electrosurgery market. The report studies various factors affecting the demand across market segments in terms of product, application and end user.
Fact.MR – A Market Research and Competitive Intelligence Provider: According to the latest Fact.MR analysis, the global monopolar electrosurgery market size is estimated to US$ 2 Bn in 2021. The overall market is projected to register a CAGR of 4.5% between 2021 and 2031, reaching a valuation of around US$ 3.1 Bn by the end of 2031.
Growing preference for minimally invasive surgical procedures, increasing prevalence of chronic diseases, surge in cosmetic surgeries, and technological advancement in electrosurgical devices are some of the factors driving monopolar electrosurgery market.
Monopolar is emerging as the most commonly used electrosurgical modality. In monopolar electrosurgery, a pencil like electrode is used to cut the target tissue and coagulate bleeding. It has become an integral part of laparoscopic surgical procedures.
Each year millions of Laparoscopic surgical procedures are conducterd worldwide as per Centers for Disease Control and Prevention (CDC). This creates huge demand for monopolar electrosurgery instruments.
The introduction of robotics in laparoscopic procedures for indications such as prostatectomy, colorectal cancer surgery, hernia repair, and plastic surgery, has created new avenues for growth within monopolar electrosurgery market and the trend is likely to continue in the future.
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Orthopedic surgery remains the key sector in terms of application for monopolar electrosurgical products. Rising geriatric population and increasing prevalence of osteoarthritis are boosting the demand for orthopedic surgical procedures.
According to Fact.MR, hand monopolar electrosurgery instruments will account for over 60% of the global monopolar electrosurgery market. Hand monopolar electrosurgery instruments offer the distinct advantage of being highly portable and cost efficient. Therefore, hand monopolar electrosurgery instruments market is expected to witness significant growth in the coming years.
Regionally North America will continue to dominate the monopolar electrosurgery market on the back of increasing demand for minimally invasive surgical procedures, strong presence of leading medical device manufacturers, highly developed healthcare infrastructure, and increasing number of FDA product approvals.
“Increasing demand for minimally invasive procedures and government initiatives aimed at improving access to elective surgery will continue to augment the demand for monopolar electrosurgical products. In order to capitalize on this, key manufacturers are increasingly focusing on expanding their product portfolios,” says a Fact.MR analyst
Key Takeaways from Monopolar Electrosurgery Market Survey
- India is projected to account for around 35% of the South Asia market, on account of rising popularity of electrosurgery and increasing investments by government for developing healthcare infrastructure.
- The U.S. monopolar electrosurgery market is expected to account for maximum demand in North America by 2031.
- With increasing prevalence of chronic diseases and rising preference for minimally invasive surgical procedures, China is poised to exhibit strong growth over the forecast period.
- Based on product, hand monopolar electrosurgery instruments are projected to account for 3/5 share of the overall market.
- Monopolar orthopedic electrosurgery to contribute nearly 1/5th share to the total market value by 2031.
Key Drivers
- Increasing prevalence of chronic diseases coupled with growing demand for minimally invasive surgical procedures is driving the monopolar electrosurgery market.
- Government initiatives undertaken to increase access to elective surgeries are positively impacting the market growth.
- Surging number of laparoscopic surgeries conducted across the world boosts the sales of monopolar electrosurgical instruments.
Key Restraints
- Risks associated with electrosurgical procedure and availability of alternative minimally invasive surgical techniques are restraining the growth of the market.
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Competitive Landscape
Leading players operating in the monopolar electrosurgery market are leveraging various strategies such as new product launches, mergers, partnerships, acquisitions and collaborations to expand their global footprint and gain a competitive edge in the market.
- In April 2019, Symmetry Surgical, Inc., a leader in surgical instrumentation and solutions for all specialties and sites of care, unveiled an expanded energy solution consisting of the Olsen product line and recently acquired Bovie electrosurgery portfolio at the 56th AORN Global Surgical Conference & Expo.
- In August 2019, Apyx Medical received 510(k) clearance from the FDA for its J-Plasma Precise Handpiece device used in laparoscopic surgeries. The handheld device is indicated for cutting, coagulating and ablating soft tissue during open and laparoscopic surgical procedures. It is equipped with the company’s Cool-Coag technology, which allows surgeons to switch between J-Plasma energy, standard monopolar coagulation energy and plasma beam coagulation.
Some of the prominent players operating in the monopolar electrosurgery market profiled by Fact.MR are:
- CONMED Corporation
- BOVIE MEDICAL
- Medtronic
- Ethicon, Inc.
- Olympus Corporation
- BOWA-electronic GmbH & Co. KG
- Erbe Elektromedizin GmbH
- Aesculap AG (B. Braun Melsungen AG)
- Meyer-Haake GmbH
- Others
More Insights on the Global Monopolar Electrosurgery Sales Outlook
Fact.MR provides an unbiased analysis of monopolar electrosurgery market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for monopolar electrosurgery with a detailed segmentation on the basis of:
Product
- Hand Monopolar Electrosurgery Instruments
- Electrosurgical Pencils
- Monopolar Forceps
- Monopolar Electrodes
- Monopolar Electrosurgical Generators
- Monopolar Return Electrode
- Single Use
- Re-usable
- Monopolar Electrosurgery Accessories
- Footswitches
- Connectors
- Others
Application
- Monopolar General Electrosurgery
- Monopolar Gynecology Electrosurgery
- Monopolar Cardiovascular Electrosurgery
- Monopolar Cosmetic Electrosurgery
- Monopolar Orthopedic Electrosurgery
- Monopolar Urology Electrosurgery
- Monopolar Electrosurgery for Other Applications
End User
- Monopolar Electrosurgery across Hospitals
- Monopolar Electrosurgery across Ambulatory Surgery Centers
- Monopolar Electrosurgery for Other End Users
Key Questions Covered in the Monopolar Electrosurgery Market Outlook Report
- The report offers insight into monopolar electrosurgery demand outlook for 2021-2031
- The market study also highlights projected sales growth for monopolar electrosurgery market between 2021 and 2031
- Monopolar electrosurgery market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Monopolar electrosurgery market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
Explore Fact.MR’s Coverage on the Healthcare Domain –
Electrosurgery Devices Market- The market for electrosurgery devices is rising due to an increase in ailments such as cardiac illness, gynecological, urological, and age correction. General surgery, gynecological surgery, cardiac surgery, ophthalmology surgery, dermatological surgery, urological surgery, and other applications all use electrosurgery instruments. Electrosurgery in reproductive surgery has improved in efficacy and minimized potential consequences thanks to technological improvements. Electrosurgery devices are also in high demand due to a growing preference for minimally invasive procedures.
Computer-Assisted Orthopedic Surgery Market- Due to technology advancements in the healthcare system, computer-assisted orthopedic surgery will see rapid expansion. As a result, demand for computer-assisted orthopedic surgery is predicted to rise dramatically over the projection period. In the medical field, computer-assisted orthopedic surgery is gaining prominence. This need is mostly driven by the growing number of patients with skeletal and related illnesses. During the projected period, this is the key driver driving demand for computer-assisted orthopedic surgery, together with the growing older adult population.
Non-invasive Surgery Market- The healthcare business has been swept up by non-invasive or minimally invasive surgery and diagnostic technologies. Non-invasive surgery has a number of advantages over traditional invasive treatments, including faster outcomes, less pain, a shorter hospital stay, and a quicker recovery. Non-invasive surgery has become more popular as a result of substantial technological breakthroughs, such as the introduction of robotic surgical units for more precision. The fundamental influencers driving the market for non-invasive surgery are predicted to be increasing patient preference for pain-free diagnostics and surgical procedures, as well as faster recovery.
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