Monopolar Electrosurgery Instrument Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Monopolar Electrosurgery Instrument Market Analysis
The monopolar electrosurgery instrument market is expected to register a CAGR of nearly 3.9% during the forecast period, 2021-2026. Overall, the monopolar electrosurgery instrument market may be impacted moderately due to the COVID-19 pandemic, with hospitals deferring elective surgeries and patients delaying visits due to fear of contracting the virus. Recommendations and guidelines for prioritizing surgical procedures were provided for the management of healthcare services in different countries. For instance, in March 2020, the Society of American Gastrointestinal and Endoscopic Surgeons (SAGES) and the European Association and Endoscopic Surgery (EAES) recommended minimizing the usage of monopolar electrosurgery, ultrasonic dissectors, and advance bipolar devices due to the risk of particle aerosolization. During the same month, similar guidelines were given by the American Association of Gynecologic Laparoscopists (AAGL). With the situation returning to normal, the backlog of procedures is expected to recover.
An increasing number of minimally invasive surgical techniques are likely to be the primary driving factor for the monopolar electrosurgery instrument market. Minimally invasive surgical techniques reduce the complications in patients, reduce the period of hospital stay, reduce the rate of readmittance, and lead to cost savings. A national survey conducted in Italy showed the extensive usage of high energy devices in minimally invasive elective procedures at upper and lower GI tracts, liver, pancreas, and adrenal glands. Additionally, other factors contributing to the growth include technological advancements and an increased number of medical surgeries. According to OECD, from 2016 to 2018, laparoscopic-assisted procedures, such as appendectomy, cholecystectomy, hernia repair, and hysterectomy, increased by 9% in the United Kingdom, 27% in Spain, and 11% in Italy.
Lack of expertise in handling these devices may result in serious consequences for patients. Irrespective of specialty, there exists a knowledge gap among surgeons regarding the effective use of energy devices in surgery. Accidental punctures and lacerations due to error injuries and stray energy burns during laparoscopic procedures may discourage patients from opting for such surgeries. Another factor is the increasing number of robotic surgeries, which may limit the use of other traditional approaches due to increased accuracy and technological advancements.
Monopolar Electrosurgery Instrument Market Trends
This section covers the major market trends shaping the Monopolar Electrosurgery Instrument Market according to our research experts:
The Hand Instruments Segment Accounts for a Significant Share in the Market
The COVID-19 pandemic has affected many domains of healthcare due to the delay of elective surgeries and the prioritizing of emergency-only procedures. A global expert response study published in May 2020 estimated that nearly 28 million adult elective procedures were canceled or postponed during the 12 weeks of peak disruption. Furthermore, companies were similarly affected due to imposed lockdowns and delayed distribution channels.
A handpiece is used in conjunction with the generator for the passing of electric current to the surgical site. Due to the increasing technological advancements by companies in the hand instruments segment, the handpiece occupies a majority share compared to generators, return electrodes, and accessories. In January 2021, the FDA issued 510(k) clearance of the Apyx J-Plasma handpiece, which uses cold plasma technology. Such factors may push the competition and demand innovation in this segment.
Additionally, the growing adoption of minimally invasive surgeries, such as laparoscopy, may further contribute toward the growth of this segment. According to Eurostat, in 2018, more than half of the cholecystectomy procedures used laparoscopy. For instance, nearly 93% of procedures performed in the United Kingdom were laparoscopic cholecystectomy.
North America is Expected to Dominate the Monopolar Electrosurgery Instruments Market
The United States has experienced a huge impact due to COVID-19. The country's healthcare sector had to divert its services toward managing COVID-19 patients and vaccine development. Guiding committees and regulatory bodies released guidelines and recommendations to be followed for patients and physicians. Elective procedures had to be postponed, and only emergency procedures were given high importance. Recovery of these backlog procedures may begin slowly, considering the pandemic situation and the resurgence of the disease.
However, North America is expected to dominate the overall market compared to other regions during the forecast period. Through reference from companies' financial statements, North America holds the leading position in sales. For Medtronic, the United States represents nearly 50% of the net sales generated under the minimally invasive therapies group. Multinational companies across the world also prefer to expand to the region due to its favorable economic conditions and scope for innovation.
Furthermore, there is a rising patient population and increasing surgical procedures being performed in the region. Surgical instruments are used in various fields, such as cardiovascular, urology, orthopedic, cosmetic, and gynecology. Around 16.3 million minimally invasive cosmetic surgical procedures were performed in 2019, according to the American Society of Plastic Surgeons (ASPS). The growth in the number of surgical procedures performed may help North America maintain its position in the overall market.
Monopolar Electrosurgery Instrument Industry Overview
The monopolar electrosurgical instruments market remains highly competitive in nature, with several key players dominating the market. Innovations, product launches, and strategic alliances are likely to open new opportunities for growth in the market. Some of the major players include CONMED Corporation, Olympus Corporation, Medtronic PLC, Apyx Medical Corporation, Johnson & Johnson, Erbe Elektromedizin GmbH, BOWA MEDICAL, KLS Martin Group, Aesculap Inc., Meyer-Haake GmbH Medical Innovations, Encision Inc., and Stryker Corporation.
Monopolar Electrosurgery Instrument Market Leaders
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CONMED Corporation
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Olympus Corporation
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Medtronic PLC
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Apyx Medical
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Encision Inc.
*Disclaimer: Major Players sorted in no particular order
Monopolar Electrosurgery Instrument Market News
In January 2021, the FDA granted 510(k) clearance to Apyx Medical for its J-Plasma Precise FLEX Handpiece.
In April 2020, Encision Inc. and Auris Health (part of Johnson & Johnson Medical Devices Company) signed a Master Services Agreement (MSA), which will allow both parties to collaborate in the development of equipment that will make Encision's AEM technology compatible with Auris Health's monopolar instruments.
Monopolar Electrosurgery Instrument Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increased Adoption of Minimally Invasive Techniques
- 4.2.2 Growing Number of Medical, Cosemtic, and Age-related Surgeries
- 4.2.3 Technological Advancements
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4.3 Market Restraints
- 4.3.1 Lack of Knowledge Regarding Safe Usage
- 4.3.2 Rise in Use of Robotic Surgeries
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Hand Instruments
- 5.1.2 Surgical Generator
- 5.1.3 Return Electrode
- 5.1.4 Accessories
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5.2 By End User
- 5.2.1 Hospitals/Clinics
- 5.2.2 Ambulatory Surgical Centers
- 5.2.3 Other End Users
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5.3 By Application
- 5.3.1 General Surgery
- 5.3.2 Gynecological Surgery
- 5.3.3 Cardiovascular Surgery
- 5.3.4 Orthopedic Surgery
- 5.3.5 Cosmetic Surgery
- 5.3.6 Other Surgeries
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 CONMED Corporation
- 6.1.2 Olympus Corporation
- 6.1.3 Medtronic PLC
- 6.1.4 Apyx Medical Corporation
- 6.1.5 Johnson & Johnson
- 6.1.6 Erbe Elektromedizin GmbH
- 6.1.7 BOWA MEDICAL
- 6.1.8 KLS Martin Group
- 6.1.9 Aesculap Inc.
- 6.1.10 Meyer-Haake GmbH Medical Innovations
- 6.1.11 Encision Inc.
- 6.1.12 Stryker Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject To AvailablityMonopolar Electrosurgery Instrument Industry Segmentation
Monopolar electrosurgery instruments can be used for different modalities, such as cutting and blending, coagulation, and fulguration. The electric current created can pass through the patient using an active electrode at the surgical site, and it exits through a return electrode. A generator, active electrode, and return electrode are components of a monopolar circuit. The monopolar electrosurgery instrument market is segmented by product type (hand instruments, surgical generator, return electrode, and accessories), end user (hospitals/clinics, ambulatory surgical centers, and other end users), application (general surgery, gynecological surgery, cardiovascular surgery, orthopedic surgery, cosmetic surgery, and other surgeries), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value in USD million for the above-mentioned segments.
| By Product | Hand Instruments | |
| Surgical Generator | ||
| Return Electrode | ||
| Accessories | ||
| By End User | Hospitals/Clinics | |
| Ambulatory Surgical Centers | ||
| Other End Users | ||
| By Application | General Surgery | |
| Gynecological Surgery | ||
| Cardiovascular Surgery | ||
| Orthopedic Surgery | ||
| Cosmetic Surgery | ||
| Other Surgeries | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Monopolar Electrosurgery Instrument Market Research FAQs
What is the current Monopolar Electrosurgery Instrument Market size?
The Monopolar Electrosurgery Instrument Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Monopolar Electrosurgery Instrument Market?
CONMED Corporation, Olympus Corporation, Medtronic PLC, Apyx Medical and Encision Inc. are the major companies operating in the Monopolar Electrosurgery Instrument Market.
Which is the fastest growing region in Monopolar Electrosurgery Instrument Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Monopolar Electrosurgery Instrument Market?
In 2024, the North America accounts for the largest market share in Monopolar Electrosurgery Instrument Market.
What years does this Monopolar Electrosurgery Instrument Market cover?
The report covers the Monopolar Electrosurgery Instrument Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Monopolar Electrosurgery Instrument Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Monopolar Electrosurgery Instrument Industry Report
Statistics for the 2024 Monopolar Electrosurgery Instrument market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Monopolar Electrosurgery Instrument analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
