Global Bipolar Electrosurgical Devices Market By Product (Advanced Vessel Sealing Devices, Bipolar Forceps), Surgical Application (General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Others), End-Users (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Bipolar Electrosurgical Devices Market
Global bipolar electrosurgical devices market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the advancements of technologies pertaining to the medical devices as well as integration of advanced technologies in bipolar electrosurgical procedures.
Market Definition: Global Bipolar Electrosurgical Devices Market
Bipolar electrosurgical devices are the medical devices utilized in bipolar electrosurgery procedures. This procedure generally is preferred over monopolar electrosurgery because of its utilization of lower voltage rate. This procedure finds its application where in the incision required is of small size, wherein the tissue can be held by the forceps electrode. This method also significantly reduces the chances of damage to surrounding tissues of the area being targeted. The devices range from forceps, sealing devices, generators and various other accompanying devices.
- Increasing demand for better quality of medical devices that are safer in operations is expected to boost the growth of the market
- Increasing prevalence of diseases globally wherein the electrosurgical procedures are applicable is also expected to boost the growth of the market
- Rising levels of geriatric population globally is expected to augment growth of the market
- High levels of concerns regarding the complications associated with these surgical procedures
- Growing focus on the development of laser technology for surgical procedures is also expected to present a restraint for the market
Segmentation: Global Bipolar Electrosurgical Devices Market
- Advanced Vessel Sealing Devices
- Bipolar Forceps
By Surgical Application
- General Surgery
- Gynecology Surgery
- Urologic Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Ambulatory Surgical Centers
- Specialized Clinics
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In July 2018, Bovie Medical Corporation announced that they had agreed with Symmetry Surgical for their acquisition accounting to a value of USD 97 million. This acquisition will result in greater focus on the consumer’s demands and needs as Symmetry Surgical focuses on increasing the investments undertaken for advancements of the company portfolio
- In January 2017, Ethicon Endo-Surgery, Inc. announced that they had acquired Megadyne Medical Products, Inc. with the company developing electrosurgical tools and instruments for the global market. This acquisition will result in better combination of technologies which will help in better production of energy-based surgical instruments and tools for surgical operations
Global bipolar electrosurgical devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bipolar electrosurgical devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global bipolar electrosurgical devices market are B. Braun Melsungen AG; Ethicon US, LLC; Medtronic; OLYMPUS CORPORATION; Symmetry Surgical; LAMIDEY NOURY.FR; DTR Medical Ltd; DRE Veterinary; BD; Special Medical Technology Co., Ltd.; Applied Medical Resources Corporation; Cook; Advin Urology; Ease Electronics Systems; UNION MEDICAL CO.,LTD.; CONMED Corporation; Kirwan Surgical Products, LLC; Accurate Surgical & Scientific Instruments Corporation; Medline Industries, Inc.; Fazzini; Quirumed S.L.U; Intuitive Surgical and KLS Martin Group among others.
Research Methodology: Global Bipolar Electrosurgical Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global bipolar electrosurgical devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)