Overview of This Study:

The study involved four major activities in estimating the current market size for the Electrosurgery Instruments Market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electrosurgery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Expected Revenue Growth:

Electrosurgery Instruments Market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%. The growth in the global electrosurgery market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the electrosurgery market.

The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2018.

Based on product, the Electrosurgery Market is segmented into generators, instruments, accessories, and smoke evacuation systems. The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2018. This segment is also estimated to grow at the highest CAGR from 2019 to 2025. The large share of this segment can be attributed to the high usage volume of disposable and reusable electrosurgical instruments. In addition, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the growth of this segment.

The general surgery segment accounted for the largest share of the electrosurgery market in 2018.

On the basis of type of surgery, the market is segmented into general surgery, gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The general surgery segment accounted for the largest share of the market in 2018. The large share of this segment can be attributed to the rising geriatric population and the subsequent increase in the prevalence of various diseases/conditions, the growing volume of surgical procedures performed, and the rising prevalence of obesity.

The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018

On the basis of end users, the electrosurgery market is segmented into hospitals, clinics, & ablation centers; ambulatory surgical centers; and research laboratories & academic institutes. The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018. The large share of this segment can be attributed to a large number of electrosurgery procedures performed in hospitals, the growing demand for minimally invasive procedures, and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals.

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The Asia Pacific region is expected to grow at the fastest rate during the forecast period.

The Electrosurgery Instruments Market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Key Market Players

In 2018, the electrosurgery market was dominated by Medtronic (Ireland), Ethicon, Inc. (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Applied Medical Resources Corporation (US), CONMED Corporation (US), Apyx Medical Corporation (US), Boston Scientific (US), Smith & Nephew plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), BOWA-electronic GmbH & Co KG (Germany), CooperSurgical, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet Holdings, Inc. (US), Utah Medical Products, Inc. (US), Encision Inc. (US), Meyer-Haake GmbH (Germany), Surgical Holdings (UK), I. C. Medical, Inc (US), ATMOS Inc. (US), Parkell, Inc. (US), Bissinger Medizintechnik GmbH (Germany), CIMPAX (Denmark), and KENTAMED Ltd. (Bulgaria).

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