Ultrasonic Electrosurgical Devices Market Size, Share, Growth, Trends | Report 2023-2032
The global ultrasonic electrosurgical devices market was surpassed at USD 3.44 billion in 2022 and is expected to hit around USD 5.88 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.
Key Pointers
| Report Coverage | Details |
| Market Size in 2022 | USD 3.44 billion |
| Revenue Forecast by 2032 | USD 5.88 billion |
| Growth rate from 2023 to 2032 | CAGR of 5.5% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical,;ITALIA MEDICA SRL.; SonaCare Medical; Miconvey |
The factors influencing the market growth are the rising number of surgical procedures owing to the growing prevalence of chronic diseases, rising adoption of minimally invasive surgeries, and developments in minimally invasive surgical techniques including laparoscopy have resulted in the development of ultrasonic electrosurgical devices by major market players. In addition, increasing demand for patient safety during complex surgical operations has led to the growing adoption of ultrasonic electrosurgical devices and the presence of a large number of players, and the growing number of strategic initiatives to enhance their product portfolios are projected to boost the market growth.
Technological development has led to an increase in the number of surgeries being performed each year. Owing to the risk of infections associated with invasive surgeries, people prefer noninvasive or minimally invasive surgeries. Furthermore, an increase in the number of road accidents, an aging population, and rising healthcare expenditure in emerging economies are among the factors likely to boost the number of surgical procedures during the forecast period. These are anticipated to positively influence revenue generation from ultrasonic electrosurgical devices. According to the U.S. Census Bureau, healthcare spending worldwide is anticipated to increase to USD 18.28 trillion by 2040, growing at a CAGR of 2.6%. According to WHO, the world’s population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. The geriatric population is more susceptible to a vast number of diseases, which is likely to increase the need to treat diseases effectively, thereby boosting the market.
The rising prevalence of various types of cancer such as breast cancer, colon cancer, prostate cancer, and lung cancer is anticipated to boost the demand for ultrasonic electrosurgical devices for the treatment and surgery of various tumors in the body. Cancer is considered a universal healthcare problem as it is one of the leading causes of death. For instance, according to National Cancer Institute, about 1,806,590 new cancer cases were diagnosed in the U.S. in 2020. In addition, according to the American Cancer Society, around 1.8 million new cancers were estimated to be diagnosed in the U.S. in 2020. Furthermore, the increasing incidence of cancer across the globe is predicted to boost the demand for ultrasonic electrosurgical devices. For instance, according to the WHO, over 3.7 million new cancer cases are diagnosed each year in Europe. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for market players during the forecast period.
Ultrasonic Electrosurgical Devices Market Segmentations:
| By Product | By Type | By Application | By End Use |
|
Generators Consumables |
High-intensity Focused Ultrasonic (HIFU) Ablators Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators Ultrasonic Surgical Ablation Systems Shock Wave Therapy Systems |
Cardiology Gynecology General Surgery Urology Bariatric Surgery Others |
Hospitals Ambulatory Surgical Centers Others |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Ultrasonic Electrosurgical Devices Market
5.1. COVID-19 Landscape: Ultrasonic Electrosurgical Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Ultrasonic Electrosurgical Devices Market, By Product
8.1. Ultrasonic Electrosurgical Devices Market, by Product, 2023-2032
8.1.1. Generators
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Consumables
8.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Ultrasonic Electrosurgical Devices Market, By Type
9.1. Ultrasonic Electrosurgical Devices Market, by Type, 2023-2032
9.1.1. High-intensity Focused Ultrasonic (HIFU) Ablators
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Ultrasonic Surgical Ablation Systems
9.1.3.1. Market Revenue and Forecast (2019-2032)
9.1.4. Shock Wave Therapy Systems
9.1.4.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Ultrasonic Electrosurgical Devices Market, By Application
10.1. Ultrasonic Electrosurgical Devices Market, by Application, 2023-2032
10.1.1. Cardiology
10.1.1.1. Market Revenue and Forecast (2019-2032)
10.1.2. Gynecology
10.1.2.1. Market Revenue and Forecast (2019-2032)
10.1.3. General Surgery
10.1.3.1. Market Revenue and Forecast (2019-2032)
10.1.4. Urology
10.1.4.1. Market Revenue and Forecast (2019-2032)
10.1.5. Bariatric Surgery
10.1.5.1. Market Revenue and Forecast (2019-2032)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2019-2032)
Chapter 11. Global Ultrasonic Electrosurgical Devices Market, By End Use
11.1. Ultrasonic Electrosurgical Devices Market, by End Use, 2023-2032
11.1.1. Hospitals
11.1.1.1. Market Revenue and Forecast (2019-2032)
11.1.2. Ambulatory Surgical Centers
11.1.2.1. Market Revenue and Forecast (2019-2032)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2019-2032)
Chapter 12. Global Ultrasonic Electrosurgical Devices Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2019-2032)
12.1.2. Market Revenue and Forecast, by Type (2019-2032)
12.1.3. Market Revenue and Forecast, by Application (2019-2032)
12.1.4. Market Revenue and Forecast, by End Use (2019-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.1.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.1.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.1.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2019-2032)
12.1.6.2. Market Revenue and Forecast, by Type (2019-2032)
12.1.6.3. Market Revenue and Forecast, by Application (2019-2032)
12.1.6.4. Market Revenue and Forecast, by End Use (2019-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2019-2032)
12.2.2. Market Revenue and Forecast, by Type (2019-2032)
12.2.3. Market Revenue and Forecast, by Application (2019-2032)
12.2.4. Market Revenue and Forecast, by End Use (2019-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.2.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.2.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.2.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2019-2032)
12.2.6.2. Market Revenue and Forecast, by Type (2019-2032)
12.2.6.3. Market Revenue and Forecast, by Application (2019-2032)
12.2.6.4. Market Revenue and Forecast, by End Use (2019-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2019-2032)
12.2.7.2. Market Revenue and Forecast, by Type (2019-2032)
12.2.7.3. Market Revenue and Forecast, by Application (2019-2032)
12.2.7.4. Market Revenue and Forecast, by End Use (2019-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2019-2032)
12.2.8.2. Market Revenue and Forecast, by Type (2019-2032)
12.2.8.3. Market Revenue and Forecast, by Application (2019-2032)
12.2.8.4. Market Revenue and Forecast, by End Use (2019-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2019-2032)
12.3.2. Market Revenue and Forecast, by Type (2019-2032)
12.3.3. Market Revenue and Forecast, by Application (2019-2032)
12.3.4. Market Revenue and Forecast, by End Use (2019-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.3.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.3.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.3.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2019-2032)
12.3.6.2. Market Revenue and Forecast, by Type (2019-2032)
12.3.6.3. Market Revenue and Forecast, by Application (2019-2032)
12.3.6.4. Market Revenue and Forecast, by End Use (2019-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2019-2032)
12.3.7.2. Market Revenue and Forecast, by Type (2019-2032)
12.3.7.3. Market Revenue and Forecast, by Application (2019-2032)
12.3.7.4. Market Revenue and Forecast, by End Use (2019-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2019-2032)
12.3.8.2. Market Revenue and Forecast, by Type (2019-2032)
12.3.8.3. Market Revenue and Forecast, by Application (2019-2032)
12.3.8.4. Market Revenue and Forecast, by End Use (2019-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2019-2032)
12.4.2. Market Revenue and Forecast, by Type (2019-2032)
12.4.3. Market Revenue and Forecast, by Application (2019-2032)
12.4.4. Market Revenue and Forecast, by End Use (2019-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.4.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.4.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.4.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2019-2032)
12.4.6.2. Market Revenue and Forecast, by Type (2019-2032)
12.4.6.3. Market Revenue and Forecast, by Application (2019-2032)
12.4.6.4. Market Revenue and Forecast, by End Use (2019-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2019-2032)
12.4.7.2. Market Revenue and Forecast, by Type (2019-2032)
12.4.7.3. Market Revenue and Forecast, by Application (2019-2032)
12.4.7.4. Market Revenue and Forecast, by End Use (2019-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2019-2032)
12.4.8.2. Market Revenue and Forecast, by Type (2019-2032)
12.4.8.3. Market Revenue and Forecast, by Application (2019-2032)
12.4.8.4. Market Revenue and Forecast, by End Use (2019-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2019-2032)
12.5.5.2. Market Revenue and Forecast, by Type (2019-2032)
12.5.5.3. Market Revenue and Forecast, by Application (2019-2032)
12.5.5.4. Market Revenue and Forecast, by End Use (2019-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2019-2032)
12.5.6.2. Market Revenue and Forecast, by Type (2019-2032)
12.5.6.3. Market Revenue and Forecast, by Application (2019-2032)
12.5.6.4. Market Revenue and Forecast, by End Use (2019-2032)
Chapter 13. Company Profiles
13.1. Ethicon - Endo-Surgery
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Olympus Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Medtronic
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Misonix Inc
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. BOWA-electronic GmbH
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Söring GmbH
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Advanced Instrumentations
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Reach Surgical
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. ITALIA MEDICA SRL.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. SonaCare Medical
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers