Emerging Technologies in the Surgical Generators Market By 2023 to 2033

 

The prevalence of chronic diseases and the demand for minimally invasive surgery are both rising. As a result, there will be a 4% CAGR in the demand for surgical generators throughout the projection period. The global surgical generators market is projected to have a high-paced CAGR of 4% during the forecast period. The current valuation of the surgical generators market is US$ 483.8 Million in 2023. The value of the surgical generators market is anticipated to reach a high of US$ 713.8 Million by 2033.

Some key features driving the demand for surgical generators are the growing geriatric population, an increase in the incidence of chronic illnesses, and technological advancements. According to the World Health Organization, cancer is a primary cause of mortality globally, accounting for 8.8 Million deaths in 2015. In recent years, the surgical generator advanced instrumentation industry has experienced fast expansion, particularly in emerging nations. As the human population expands, so do surgical needs. Furthermore, greater awareness and demand for minimally invasive operations are assisting the industry's growth. Furthermore, according to the Public Health Agency of Canada, roughly 3.9 Million (13.6%) Canadians over the age of 20 will have osteoarthritis in 2020.

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Numerous investigations have confirmed the use of various surgical generators in cardiology. Additionally, electro surgery is a crucial technique that is used in almost every surgical treatment to cut and control tissue bleeding simultaneously during orthopedic surgeries including total knee arthroplasty and meniscectomies. As a result, the increase in the number of patients suffering from osteoarthritis in Canada is predicted to fuel the need for electrosurgical operations, resulting in the overall expansion of the North American surgical generators market. The neurosurgery segment is likely to hold a sizeable share in the electrosurgical devices market and is expected to have a positive impact on the segment's growth due to the rising burden of neurological diseases and disorders worldwide, resulting in an increase in the volume of surgical procedures, which may boost the segment's growth over the forecast period.

According to the Alzheimer's Disease International 2021 study, around 55 Million individuals worldwide had dementia in 2020, and this figure is anticipated to nearly double every 20 years, expected to reach 78 Million in 2030 and 139 Million in 2050. Additionally, for surgical procedures including spine surgeries, neurological surgeries, cranial surgeries, and many others, ultrasonic electrosurgical equipment with great accuracy and dependability are vital. These practices thus boost demand and promote market expansion. However, electro surgery procedure-related dangers, knowledge gaps in the safe use of energy-based devices, and restricted application of electrosurgery in patients with implanted electronic devices may prove to be significant restrictive factors to the electrosurgical generators market expansion.

Key Takeaways:

  • During the forecast period, the U.S. is expected to account for a significant share of the global surgical generators market. This is attributed to the widespread use of ultrasonic electrosurgical instruments, the fast-growing senior population, and a rise in the incidence of chronic conditions are all contributing factors.
  • The surgical generators market in Asia Pacific is predicted to hold a major share, particularly in China, during the projected period. This is owing to Chinese key firms creating a whole-process quality control system spanning procurement, production, sales, and after-sales to insure product quality, and have passed the ISO 9001&ISO13485 quality systems.
  • Owing to the use of these generators in surgical operations for cancer therapy becoming more common, the "argon plasma coagulation generators" product type is expected to hold the greatest revenue, through the forecast period.
  • As investments in the development and expansion of healthcare infrastructure are increasing, the "hospitals” end user type, accounts for a significant share and is the most lucrative area for key players.

Competitive Landscape:

To boost the brand and sales, industry participants participate in a slew of scheduled product releases and worldwide growth. They are also increasing their footprint across multiple geographies and entering new markets, particularly in emerging nations, in order to broaden their consumer base and enhance their position. Market participants are also introducing new inventive goods into the market as a result of the growing incidences of neurological and chronic ailments worldwide. These factors are anticipated to expand the global surgical generator market size. The following companies are key leaders in the global market for surgical generators:

  • Medtronic
  • Ethicon
  • Braun Melsungen
  • Olympus Corporation
  • CONMED Corporation
  • Bovie Medical Corporation
  • Boston Scientific Corporation
  • ERBE Elektromedizin GmbH
  • Bowa
  • Soring
  • CooperSurgical
  • KLS Martin

Recent Developments:

  • In September 2021, The POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider from Olympus Corporation meet the highest clinical performance criteria for advanced bipolar surgical energy devices by offering constant sealing dependability in an ergonomic, versatile design that enhances procedural efficiency.
  • In 2019, PENTAX Medical unveiled new electrosurgical and argon plasma coagulation (APC) technologies that include a variety of safety measures and optimizing options.

Key Segments Profiled in the Surgical Generators Market Survey

By Product:

  • Electrosurgical RF Generators
  • Electrocautery Generators
  • Ultrasonic Generators
  • Argon Plasma Coagulation Generators

By End Users:

  • Hospitals
  • Ambulatory Surgery Center
  • Specialty Clinics
  • Trauma Center

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

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