Global bipolar electrosurgical devices market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Bipolar electrosurgical devices are the medical devices utilized in bipolar electrosurgery procedures. This procedure generally is preferred over monopolar electrosurgery because of its utilization of lower voltage rate.
This procedure finds its application where in the incision required is of small size, wherein the tissue can be held by the forceps electrode. This method also significantly reduces the chances of damage to surrounding tissues of the area being targeted. The devices range from forceps, sealing devices, generators and various other accompanying devices.
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Key Market Competitors:
Few of the major competitors currently working in the global bipolar electrosurgical devices market are B. Braun Melsungen AG; Ethicon US, LLC; Medtronic; OLYMPUS CORPORATION; Symmetry Surgical; LAMIDEY NOURY.FR; DTR Medical Ltd; DRE Veterinary; BD; Special Medical Technology Co., Ltd.; Applied Medical Resources Corporation; Cook; Advin Urology; Ease Electronics Systems; UNION MEDICAL CO.,LTD.; CONMED Corporation; Kirwan Surgical Products, LLC; Accurate Surgical & Scientific Instruments Corporation; Medline Industries, Inc.; Fazzini; Quirumed S.L.U; Intuitive Surgical and KLS Martin Group among others.
Segmentation: Global Bipolar Electrosurgical Devices Market
- By Product (Advanced Vessel Sealing Devices, Bipolar Forceps)
- By Surgical Application (General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Others)
- By End-Users (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Others)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis:
Global bipolar electrosurgical devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bipolar electrosurgical devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- Increasing demand for better quality of medical devices that are safer in operations is expected to boost the growth of the market
- Increasing prevalence of diseases globally wherein the electrosurgical procedures are applicable is also expected to boost the growth of the market
- Rising levels of geriatric population globally is expected to augment growth of the market
Market Restraints
- High levels of concerns regarding the complications associated with these surgical procedures
- Growing focus on the development of laser technology for surgical procedures is also expected to present a restraint for the market
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