Global Monopolar Electrosurgery Market: Snapshot
Electrosurgery uses high frequency energy to cut and coagulate tissues during surgical procedures. Monopolar electrosurgery devices work on the same principle, where RF energy is used to cut and coagulate the tissues during surgical procedures. However, in monopolar devices, the return current to the electrosurgical generator flows through the patient’s body via the return electrodes. Several types of techniques can be used to cut the tissues using monopolar electrosurgey, such as, blended cut, pure cut, desiccation, and spray. The operation of delivering energy originated from the generator to the patient’s body is done using electrosurgical pencil which can be single-use or re-usable.
Demand for Hand Instruments to Rise Further in Emerging Nations
The global monopolar electrosurgery market is classified on the basis of product, application, end user, and region. Based on product, the global monopolar electrosurgery market is categorized into hand instruments electrosurgical generator, return electrode, and accessories. Of these, the hand instruments segment held leading in the global market in 2016. Disposable hand instruments are available at a lesser which is attributable to the growth of the hand instruments segment in a global sphere. Besides this, the segment is also expected to gain from their increasing use in various surgical procedures, especially those carried out in emerging nations. This, coupled with the increasing number of players in this sector offering advanced products will seal this segment’s dominance through the course of the forecast period. In addition, the demand for electrosurgical pencils is likely to rise further in the coming years.
Based on application, the global monopolar electrosurgery market can be segmented into gynecology surgery, general surgery, cardiovascular surgery, cosmetic surgery, orthopedic surgery, urology surgery, and others. In terms of end user, the global market is categorized into ambulatory surgical centers, hospitals, and specialty clinics. Of these, the market is witnessing a high demand for monopolar electrosurgery from the hospital segment.
North America Emerges Dominant but Asia Pacific to Show Higher CAGR
In terms of geographies, the global monopolar electrosurgery market has been segmented into North America, Europe, Asia-Pacific and Latin America, and the Middle East & Africa. High adoption of advanced energy surgical devices in the U.S., increase in number of approvals for new devices from the U.S. FDA, and rise in percentage of minimally invasive surgical procedures performed in the U.S. and Canada have contributed to the high share of North America in 2016. However, Asia Pacific is expected to grow at a comparatively higher rate during the forecast period of 2017-2025, in terms of value, the existence of a large pool of patients on account of the increasing incidence of chronic diseases, surge in the demand for low-cost monopolar instruments in China and India, and emergence of local market players offering low price high volume instruments are fuelling the demand for affordable care in the region.
Major players having presence in the global monopolar electrosurgery market include CONMED Corporation, BOVIE MEDICAL, Encision Inc., Medtronic, Ethicon, Inc., Olympus Corporation, BOWA-electronic GmbH & Co. KG, Erbe Elektromedizin GmbH, Aesculap, AG (B. Braun Melsungen AG), Meyer-Haake GmbH, among other.
Global Monopolar Electrosurgery Market – Overview
Global monopolar electrosurgery market is mainly driven by the rising demand for disposable high value low volume products, and increasing innovations in the new product launches. The market is witnessing growing trend of introduction of technologically advanced devices with reduced side effects and reduced risk of infection, which is anticipated to steer the global market growth. Significant adoption rate among professional end-users for newly introduced innovative instruments is likely to drive the market growth, and value added service assistance of these devices serves as major opportunity for the players operating the monopolar electrosurgery space.
The market overview section of the report comprises qualitative analysis of the overall monopolar electrosurgery market considering the factors determining the market dynamics such as drivers, restraints and opportunities, and market attractiveness analysis. In addition, such as market opportunity analysis for the product type, application, and end-user, and key industry developments has also been provided. Key industry developments include the major events occurred in past decade and are expected to occur during the forecast period which are likely to affect the market dynamics. The analysis of winning imperatives of top companies has also been provided global monopolar electrosurgery market. The report also covers the cost assessment analysis of monopolar electrosurgery devices.
Global Monopolar Electrosurgery Market: Key Segments
The global monopolar electrosurgery market is segmented in terms of product type, application, end-user, and regions. Based on product type, the global monopolar electrosurgery market is categorized into hand instruments electrosurgical generator, return electrode, and accessories. The segment hand instruments is further divided into electrosurgical pencils, monopolar forceps, and monopolar electrodes. The segment return electrodes is further bifurcated into single use electrodes, and re-usable electrodes. The accessories segment is further categorized into footswitches, connectors, and others. The segment hand instruments is projected to dominate the global monopolar electrosurgery market during the forecast period. On the basis of application, the global monopolar electrosurgery market is classified into general surgery, gynecology surgery, cardiovascular surgery, cosmetic surgery, orthopedic surgery, urology surgery, and others. Based on end-user segment, the global monopolar electrosurgery market is categorized into ambulatory surgical centers, hospitals, and specialty clinics.
Geographically, the monopolar electrosurgery market has been categorized into five regions namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market size and forecast for each region has been provided for the period 2015 to 2025, in terms of product type, application, end-user, and countries/sub-regions along with the CAGR (%) for the forecast period 2017 to 2025.
Global Monopolar Electrosurgery Market: Scope of the Study
The report also provides a section on the competitive landscape, wherein the market share analysis of leading players in the global monopolar electrosurgery market, in terms of percentage share in 2016 has been discussed. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a strong presence in the market and increase their market share. Major players having presence in the global monopolar electrosurgery market include CONMED Corporation, BOVIE MEDICAL, Encision Inc., Medtronic, Ethicon, Inc., Olympus Corporation, BOWA-electronic GmbH & Co. KG, Erbe Elektromedizin GmbH, Aesculap, AG (B. Braun Melsungen AG), Meyer-Haake GmbH, among others.
The global monopolar electrosurgery market has been segmented as follows:
- Global Monopolar Electrosurgery Market, by Product Type
- Hand Instruments
- Electrosurgical Pencils
- Monopolar Forceps
- Monopolar Electrodes
- Electrosurgical Generator
- Return Electrode
- Single Use
- Hand Instruments
- Global Monopolar Electrosurgery Market, by Application
- General Surgery
- Gynecology Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Orthopedic Surgery
- Urology Surgery
- Global Monopolar Electrosurgery Market, by End-user
- Ambulatory Surgical Centers
- Global Monopolar Electrosurgery Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America