Global Ultrasonic Electrosurgical Devices Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

The Global Ultrasonic Electrosurgical Devices Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 5% during the forecast period (2021-2027F). Electrical energy is extensively used in surgical methods. The resistance produced by the body when the current passes through the tissue generates both internal and external heat energy which helps in the dissection, coagulation, and cutting of tissues.

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The increasing demand for minimally invasive surgical procedures and advancements in surgical procedures and technology surges the demand for ultrasonic electrosurgical devices. Furthermore, the rising geriatric population and increasing prevalence of chronic diseases among them is also a driving factor that drives the market for ultrasonic electrosurgical devices. For instance, As per CDC, 17% of adults aged above 65 years have coronary heart disease and 7.6% of them have faced a stroke. Additionally, the increasing number of cosmetic surgeries also has a significant share in the ultrasonic electrosurgical device market.

Based on product, the market is bifurcated into generators and consumables. The consumable segment is expected to witness lucrative growth during the forecast period. This is mainly due to the consumables are generally disposed of after a single use because they include forceps, handpieces, pencils, and others. Furthermore, the increasing number of surgeries and the rising prevalence of chronic diseases significantly contribute to the segmental growth of consumables in the ultrasonic electrosurgical device market.
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Based on type, the market is categorized as high-intensity focused ultrasonic (HIFU) ablators, magnetic resonance-guided focused ultrasonic (MRGFUS) ablators, ultrasonic surgical ablation systems, and shock wave therapy systems. The HIFU segment held a significant share in 2020 and is anticipated to witness growth during the forecast period. The higher precision, better results, and the rising prevalence of chronic diseases such as cancer are responsible for the growth of the HIFU in the electrosurgical device market. For instance, as per the WHO, in 2020, there were 2.3 million women diagnosed with breast cancer among which 685,000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer.

Based on application, the market is segmented into cardiology, gynecology, urology, and others. The cardiology segment is expected to have a significant market share. The rapidly rising heart diseases are attributed to the segmental growth in the ultrasonic electrosurgical device market. For instance, as per CDC, about 659,000 people in the United States die from heart disease each year—that’s 1 in every 4 deaths.

Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals are expected to witness lucrative growth during the forecast period. This is mainly due to the presence of well-qualified professionals and their specialization in the treatment of multiple diseases. Furthermore, the rising adoption of advanced technology in hospitals is responsible for the segmental growth in the electrosurgical device market.

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Additionally, the report provides detailed report also provides insights into the global artificial intelligence (AI) in the medical diagnostics market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a significant market for ultrasonic electrosurgical due to the presence of developed nations in the region. The higher per capita spending on healthcare is responsible for the lucrative market share of North America in the electrosurgical device market. For instance, the per capita healthcare expenditure of Canada was US$ 5,048 in 2019. Furthermore, the presence of well-established market players and frequent product launches in the region is also a contributing factor to the growth of the ultrasonic electrosurgical device market.

Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey .are some of the key players operating in the global ultrasonic electrosurgical devices market. Several M&As along with partnerships have been undertaken by these players to develop various types of ultrasonic electrosurgical devices.

Global Ultrasonic Electrosurgical Devices Market Segmentation

Market Insight, by Product

• Generators
• Consumables

Market Insight, by Type

• High-intensity Focused Ultrasonic (HIFU) Ablators
• Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
• Ultrasonic Surgical Ablation Systems
• Shock Wave Therapy Systems

Market Insight, by Application

• Cardiology
• Gynecology
• Urology
• Others

Market Insight, by End-users

• Hospitals
• Ambulatory Surgical Centers
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Olympus Corporation
• Medtronic
• Misonix Inc.
• BOWA-electronic GmbH
• Söring GmbH
• Advanced Instrumentations
• Reach Surgical
• ITALIA MEDICA SRL
• SonaCare Medical
• Miconvey