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Global Electrosurgical Knife Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electrosurgical Knife Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 7.5% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4.30 Billion
Diagram Market Size (Forecast Year) USD 7.67 Billion
Diagram CAGR 7.5%

Global Electrosurgical Knife Market, By Product (Insulation-Tipped (IT) Knives, Needle-Tipped Knives), Type (Fixed, Mobile), Surgery (Gynecological Surgery, Cardiovascular Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Cosmetic Surgery, Others), End-Use (Hospitals, Clinics, Others) – Industry Trends and Forecast to 2030.

Electrosurgical Knife Market

 Electrosurgical Knife Market Analysis and Size

Growing demand for minimally invasive surgery, the ability to make precise incisions with partial bleeding, an increase in the number of medical, cosmetic, and age-related surgeries, adjustable loop designs, flexible sheaths, and increased use in clinics are some of the factors propelling the electrosurgical knife market during the forecast period.

Data Bridge Market Research analyses that the electrosurgical knife market which was USD 4.3 billion in 2022, is expected to reach USD 7.67 billion by 2030, at a CAGR of 7.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Electrosurgical Knife Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Insulation-Tipped (IT) Knives, Needle-Tipped Knives), Type (Fixed, Mobile), Surgery (Gynecological Surgery, Cardiovascular Surgery,Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery,Cosmetic Surgery, Others), End-Use (Hospitals, Clinics, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Cooper Surgical (U.S.), Millennium Surgical Corp. (U.S.) and Perlong Medical Equipment Co. Ltd (China)

Market Opportunities

  • Rise in surgeries
  • Growing preference for minimally invasive surgery

Market Definition

The electrosurgical unit is a medical device that can generate high-frequency electromagnetic waves that can cut and coagulate soft human tissue using currents above 200,000 Hz because they do not interfere with nervous processes and only produce heat. This device generates heat through electrical phenomena; its goal is to coagulate, glow, desiccate, or cut tissues depending on the parameters set.

Global Electrosurgical Knife Market Dynamics

Drivers

  • Usage of electrosurgical knife in clinics

The electrosurgical knife is intended for use in conjunction with endoscopes and electrosurgical units (ESU) for dissection, elevation, irrigation, and tissue layer preparation, as well as monopolar cutting and coagulation within the alimentary tract.

In eye surgery, electrosurgery is commonly used to cut, coagulate, dissect, fulgurate, ablate, and shrink tissue. To generate heat, high frequency (100 kilohertz to 5 megahertz) alternating electric current at various voltages (200-10,000 Volts) is passed through tissue. These are the certain factors which propel the growth of market.

  • Rise in Surgeries

The increasing number of surgeries benefits the electrosurgical knife industry. Surgeries, particularly general surgery, which includes procedures on the oesophagus, appendix, stomach, large intestine, small intestine, liver, gallbladder, pancreas, and bile ducts, have grown rapidly in recent years. Furthermore, the number of thyroid problems worldwide has increased demand for sophisticated surgical equipment that allows for more precise treatment.

Opportunities

•        Advancements in Minimally-Invasive Procedures

The electrosurgical knife market is steadily expanding with the growing preference for minimally invasive procedures. Furthermore, the increased frequency of chronic illness and accident cases has fuelled market growth. Recent advances in minimally invasive procedures are evidence of significant surgical equipment advancements that have contributed to market growth. Surgeons have been able to deliver greater precision in complex procedures. These are some of the advancements that propel the market's growth.

Restraints/Challenges

  • High cost of electrosurgical knife

High cost of electrosurgical knife and the low adoption rate in emerging and underdeveloped countries will obstruct the market's growth rate.

This electrosurgical knife market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrosurgical knife market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Electrosurgical Knife Market Scope

The electrosurgical knife market is segmented on the basis of product, type, surgery and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Insulation-Tipped (IT) Knives
  • Needle-Tipped Knives

 Type

  • Fixed
  • Mobile

 Surgery

  • Gynecological Surgery
  • Cardiovascular Surgery
  • Urology Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • General Surgery
  • Cosmetic Surgery
  • Others

 End-Use

  • Hospitals
  • Clinics
  • Others

Electrosurgical Knife Market Regional Analysis/Insights

The electrosurgical knife market is analyzed and market size insights and trends are provided by country, product, type, surgery and end-use as referenced above.

The countries covered in the electrosurgical knife market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the electrosurgical knife market because of the region's well-developed healthcare infrastructure and favourable reimbursement policies.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the increasing demand for minimally invasive surgeries, rising patient population, development in healthcare sector and rising research activities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The electrosurgical knife market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electrosurgical knife market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrosurgical knife market. The data is available for historic period 2011-2021.

Competitive Landscape and Electrosurgical Knife Market Share Analysis

The electrosurgical knife market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrosurgical knife market.

Some of the major players operating in the electrosurgical knife market are:

  • Cooper Surgical (U.S.)
  • Millennium Surgical Corp. (U.S.)
  • Perlong Medical Equipment Co. Ltd (China) 


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Electrosurgical Knife Market is projected to grow at a CAGR of 7.50% during the forecast period by 2030.
The future market value of the Electrosurgical Knife Market is expected to reach USD 7.67 billion by 2030.
The major players in the Electrosurgical Knife Market are Cooper Surgical (U.S.), Millennium Surgical Corp. (U.S.) and Perlong Medical Equipment Co. Ltd (China).
The countries covered in the Electrosurgical Knife Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, etc.
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