Monopolar Electrosurgery Instrument Market Size (2024 - 2029)

The monopolar electrosurgery instrument market is anticipated to experience moderate growth, influenced by the resurgence of elective surgeries post-pandemic and the rising adoption of minimally invasive surgical techniques. These techniques are favored for their ability to reduce patient complications, hospital stays, and readmittance rates, contributing to the market's expansion. Technological advancements and an increase in medical surgeries further support market growth. However, challenges such as a lack of expertise in using these devices and the rising popularity of robotic surgeries may impact the market's trajectory.

Market Size of Monopolar Electrosurgery Instrument Industry

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CAGR Graph
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

Monopolar Electrosurgery Instrument Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Monopolar Electrosurgery Instrument Market Size Summary

The monopolar electrosurgery instrument market is poised for steady growth, driven primarily by the increasing adoption of minimally invasive surgical techniques. These techniques are favored for their ability to reduce patient complications, shorten hospital stays, and lower readmission rates, all of which contribute to cost savings. The market has faced challenges due to the COVID-19 pandemic, which led to the postponement of elective surgeries and a shift in focus towards emergency procedures. However, as healthcare services normalize and the backlog of procedures is addressed, the market is expected to recover. Technological advancements, particularly in hand instruments, are also playing a significant role in shaping the market landscape, with innovations such as the Apyx J-Plasma handpiece utilizing cold plasma technology gaining regulatory approval.

North America is anticipated to maintain its dominance in the monopolar electrosurgery instrument market, supported by a robust healthcare infrastructure and a high volume of surgical procedures across various specialties. The region's favorable economic conditions and the presence of multinational companies further bolster its market position. Despite the competitive nature of the market, characterized by the presence of key players like CONMED Corporation, Olympus Corporation, and Medtronic PLC, opportunities for growth remain abundant through innovations, product launches, and strategic partnerships. The market's trajectory is also influenced by the increasing number of robotic surgeries, which, while offering enhanced accuracy, may limit the use of traditional monopolar approaches.

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Monopolar Electrosurgery Instrument Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increased Adoption of Minimally Invasive Techniques

      2. 1.2.2 Growing Number of Medical, Cosemtic, and Age-related Surgeries

      3. 1.2.3 Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Knowledge Regarding Safe Usage

      2. 1.3.2 Rise in Use of Robotic Surgeries

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Hand Instruments

      2. 2.1.2 Surgical Generator

      3. 2.1.3 Return Electrode

      4. 2.1.4 Accessories

    2. 2.2 By End User

      1. 2.2.1 Hospitals/Clinics

      2. 2.2.2 Ambulatory Surgical Centers

      3. 2.2.3 Other End Users

    3. 2.3 By Application

      1. 2.3.1 General Surgery

      2. 2.3.2 Gynecological Surgery

      3. 2.3.3 Cardiovascular Surgery

      4. 2.3.4 Orthopedic Surgery

      5. 2.3.5 Cosmetic Surgery

      6. 2.3.6 Other Surgeries

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Monopolar Electrosurgery Instrument Market Size FAQs

The Monopolar Electrosurgery Instrument Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)

CONMED Corporation, Olympus Corporation, Medtronic PLC, Apyx Medical and Encision Inc. are the major companies operating in the Monopolar Electrosurgery Instrument Market.

Monopolar Electrosurgery Instrument Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)