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 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
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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Cooper Surgical (U.S.), Millennium Surgical Corp. (U.S.) and Perlong Medical Equipment Co. Ltd (China)
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Market Opportunities
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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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