Electrosurgery Industry Forecasted to Reach $8.99 Billion by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Electrosurgery Market by Product (Monopolar, Bipolar Instrument, Generator, Smoke Evacuation System, Electrode), Surgery (Obstetrics, Cardiovascular, General, Orthopedic, Oncology, Neurosurgery, Cosmetic), End User (Hospital, ASC)—Global Forecast to 2031.’

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Meticulous Research®'s latest report forecasts that the global electrosurgery market will reach $8.99 billion by 2031, growing at a CAGR of 4.8% from 2024 to 2031. This growth is driven by factors such as the increase in surgical procedures, the preference for minimally invasive techniques, and the adoption of computer-assisted surgeries. Additionally, the market benefits from the rise of medical tourism in developing nations and the increasing incidence of cancers like skin, throat, lip, and cervix cancers, alongside a growing elderly population with chronic diseases.

Challenges and Opportunities

Despite the positive growth trajectory, the market faces several challenges. Risks associated with electrosurgical procedures, a shortage of skilled surgeons, and concerns about toxic fumes released during these procedures present significant obstacles.

Market Insights and Segmentation

·        Electrosurgery Generators: These are projected to dominate the market in 2024, primarily due to their essential role in providing high-frequency electrical currents for both laparoscopic and open surgeries. This segment's leadership is attributed to factors such as high costs, technological advancements, and widespread availability.

·        General Surgery: Expected to lead the market in 2024, this includes surgeries on abdominal organs, breasts, skin, soft tissues, and specific vascular and endocrine systems. Growth in this segment is driven by an aging population, a preference for minimally invasive techniques, and expanding healthcare facilities.

End User Analysis

·        Hospitals & Clinics: Anticipated to hold the largest market share in 2024, hospitals and clinics serve as primary centers for disease diagnosis and treatment, handling a significant volume of patient visits. The presence of advanced electrosurgery equipment and rising disease burdens contribute to their market dominance.

·        Ambulatory Surgical Centers: These centers also play a crucial role in various surgical procedures, contributing significantly to the market.

Regional Outlook

·        North America: Expected to lead the market in 2024, driven by high adoption rates of advanced products, the presence of key market players, a well-established healthcare system, and an increasing preference for minimally invasive surgeries.

·        Asia-Pacific: Forecasted to register the highest CAGR during the forecast period, fueled by rising demand for advanced electrosurgery products, technological advancements, and growing healthcare expenditures.

Key Market Players

Major players in the electrosurgery market include Medtronic plc, Stryker Corporation, Johnson & Johnson, CONMED Corporation, Olympus Corporation, and others.

Conclusion

The electrosurgery market offers significant growth opportunities driven by technological advancements, an increase in surgical procedures, and the expansion of global healthcare facilities. Addressing challenges related to electrosurgery risks and environmental concerns will be crucial for sustained growth.

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About Meticulous Research®:

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions—syndicated reports, custom research, and direct analyst engagement.

 

Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.

 

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