Market Size of Global Bipolar Forceps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.20 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bipolar Forceps Market Analysis
The bipolar forceps market is expected to register a CAGR of 5.2% over the forecast period.
COVID-19 had a substantial impact on the bipolar forceps market due to its unexpected spread. For instance, as per the article published in 2020 under the title 'Impact of the Coronavirus (COVID-19) pandemic on surgical practice - Part 1', the effect of COVID-19 on a surgeon's routine practice and surgical education has been significant. Surgery has evolved into a crucial staff resource for the healthcare systems dealing with the COVID-19 epidemic because of the cancellation of elective and non-urgent surgeries. During COVID-19, surgeons implemented non-surgical alternatives to treat their patients. In such scenarios, the utilization of surgical instruments such as bipolar forceps, scalpels, and scissors was limited or less. Furthermore, as per the article published in 2020 under the heading 'Impact of Personal Protective Equipment on Surgical Performance During the COVID-19 Pandemic', while utilizing personal protective equipment (PPE) during emergency surgery on COVID-19 patients, surgeons felt that sight, communication, and other non-technical skills were hindered. Their perceived lack of safety and comfort as well as growing exhaustion was likely to be prevented them from doing surgery at their best. Hence as per the factors mentioned above, COVID-19 had a significant impact on the bipolar forceps market.
The major drivers propelling the growth of the bipolar forceps market are the increasing prevalence of chronic diseases and the increasing adoption of minimally invasive procedures globally. According to the CDC 2020 report, 90% of the nation's USD 3.8 trillion per year healthcare costs were likely to be attributed to people with chronic diseases and mental health conditions. Furthermore, as per the report from Commentary on Chronic Disease Prevention in 2022, a recent 'Partnership to Fight Chronic Disease' publication showed that treatment of the seven most common chronic diseases, coupled with productivity losses, was anticipated to cost the U.S. economy USD 2 trillion dollars annually which is likely to be USD 8,600 per person by 2030. Additionally, the increasing investments in the research and development activities for the innovation of advanced bipolar forceps products by major players are expected to drive the market. Thus, considering the mentioned facts and key drivers, the studied market is anticipated to propel over the forecast period.
As a result of the reasons outlined, the explored market is anticipated to grow throughout the analysis period. However, the lack of awareness regarding advanced surgical devices and the high cost of devices in developing countries restrain the market growth.
Bipolar Forceps Industry Segmentation
As per the scope of the report, bipolar forceps are advanced medical instruments that are used in surgical procedures to grasp, manipulate and coagulate selected tissue. The electric current alternates between the two tips of the bipolar forceps and thus reduces the length of the current's path and aids in producing a precise, controlled therapeutic effect. The Bipolar Forceps Market is segmented by Type (Disposable, Reusable), Application (General Surgery, Gynecology, Neurology, Plastic Surgery, Others) End Users (Hospitals, Ambulatory Surgical Centers, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Type | |
Disposable | |
Reusable |
By Application | |
General Surgery | |
Gynecology | |
Neurology | |
Plastic Surgery | |
Others |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Others |
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Global Bipolar Forceps Market Size Summary
The bipolar forceps market is poised for growth, driven by the increasing prevalence of chronic diseases and the rising adoption of minimally invasive procedures worldwide. The market experienced a significant impact due to the COVID-19 pandemic, which altered surgical practices and reduced the use of surgical instruments like bipolar forceps. However, the demand for these instruments is expected to rebound as healthcare systems adapt and innovate. The market is further bolstered by advancements in research and development, with major players investing in the innovation of advanced bipolar forceps products. Despite challenges such as high costs and limited awareness in developing regions, the market is anticipated to expand over the forecast period.
In North America, the bipolar forceps market is expected to see substantial growth, supported by the high prevalence of chronic diseases and the concentration of major industry players in the region. The adoption of bipolar forceps is encouraged by their effectiveness in reducing intraoperative complications compared to other devices. The market's competitive landscape is characterized by the presence of key players like Stryker Corporation, Medtronic, and Johnson & Johnson, who are actively engaging in strategies such as research and development, collaborations, and product launches to enhance their market position. The disposable bipolar forceps segment, in particular, is projected to grow significantly due to its cost-effectiveness and operational advantages, such as reducing tissue sticking and eliminating the need for reprocessing.
Global Bipolar Forceps Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Chronic Diseases
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1.2.2 Growing Adoption of Minimally Invasive Procedures
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1.3 Market Restraints
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1.3.1 Lack of Awareness Regarding Advanced Surgical Devices and High Cost of Devices in Developing Countries
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Type
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2.1.1 Disposable
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2.1.2 Reusable
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2.2 By Application
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2.2.1 General Surgery
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2.2.2 Gynecology
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2.2.3 Neurology
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2.2.4 Plastic Surgery
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2.2.5 Others
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Ambulatory Surgical Centers
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Bipolar Forceps Market Size FAQs
What is the current Global Bipolar Forceps Market size?
The Global Bipolar Forceps Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Global Bipolar Forceps Market?
Medtronic plc , Stryker Corporation , B. Braun Melsungen AG , Johnson & Johnson and KLS Martin Group are the major companies operating in the Global Bipolar Forceps Market.