Monopolar Electrosurgery Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Monopolar Electrosurgery Market Highlights

The global monopolar electrosurgery market is expected to cross a market size of USD 3.3 billion by the end of 2032. The market size was valued at USD 2.2 billion in 2023 and is expected to expand at a CAGR of 4.8% between 2024-2032.

• Over the mid-term, the surge in preference for minimally invasive surgeries is the primary factor anticipated to drive the global monopolar electrosurgery market.
• The growing concern for safety is a major factor to challenge the market growth.
• The North America monopolar electrosurgery market is projected to dominate the global market.

Monopolar Electrosurgery Market Outlook

The surgical technique that utilizes high-frequency electrical currents to cut, coagulate, or ablate tissue during surgical procedures is known as monopolar electrosurgery. During the surgical process, the electrical current flows from the electrosurgical generator through an active electrode to the patient’s tissue.

According to our experts at KD Market Insights, one of the primary factors associated with the growth of the monopolar electrosurgery market is the surge in preference for minimally invasive surgeries. Our researchers have found that between 2005 and 2020, the preference for minimally invasive surgeries (MIS) increased in all procedures. For instance, about 6% increase, representing near to 95%, was preferred for cholecystectomy, about 48% for inguinal hernia repair, around 94% for appendectomy, close to 45% for colectomy, and more than 82% for gastrectomy. Monopolar electrosurgery is often used in minimally invasive procedures as it provides the surgeon to make precise tissue cutting and coagulation. Hence, with an increase in preferences for MIS, the demand for monopolar electrosurgeries is also projected to grow. Medtronic plc, Johnson & Johnson (Ethicon), and Olympus Corporation are some of the significant parties in the global market for monopolar electrosurgery.

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Monopolar Electrosurgery Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global monopolar electrosurgery market are:

• Rapid Surge in the Number of Surgical Procedures Worldwide: Globally, the number of surgical procedures have been increasing rapidly. For instance, in the year 2022, near to 300 million surgical procedure units globally and this is expected to cross 375 units by 2031. As the number of surgeries across medical specialties, such as, general surgery, gynecology, urology, and orthopedics, increases, the demand for monopolar electrosurgery devices would also increase, which in turn, is expected to drive the growth of the market during the forecast period.
• Expanding Focus on Development of Advanced Monopolar Electrosurgery: Backed by the growing healthcare expenditure globally, medical devices companies worldwide are increasingly focusing on developing advanced medical devices. These advancements, such as the development of advanced energy sources, improved safety features, and enhanced precision, are also being witnessed in monopolar electrosurgery technology, which in turn, is projected to create numerous opportunities for market growth in the coming years.

Which Probable Factors Could Hamper the Growing Monopolar Electrosurgery Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of monopolar electrosurgery are:

• Concern for Safety: Monopola electrosurgery is known to carry inherent risks as it may cause thermal injury to surrounding tissues. The patient being treated and the surgical staff delivering the treatment are also known to be at risk of receiving an electrical shock from these devices. Owing to such safety concerns, the use of the product is severely hampered.
• Availability of Alternative Technologies: The increasing availability of alternative surgical technologies, such as bipolar electrosurgery, ultrasonic devices, and laser surgery among others, that are known to offer greater advantages with minimal risks, are expected to restrict the market growth during the forecast period.

How is the Global Monopolar Electrosurgery Market Segmented?

Our experts at KD Market Insights have segmented the global monopolar electrosurgery market research report as:

What are the Probable Factors Influencing the North America Monopolar Electrosurgery Market Forecast?

The North America monopolar electrosurgery market is majorly driven by increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and obesity in the region. According to the statistics by the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the United States were known to have a chronic disease. As monopolar electrosurgery is widely used in the surgical procedures of these chronic diseases, hence, the rising number of surgical procedures using these devices is expected to contribute to the market growth in the region. In addition to this, the growing demand for aesthetic and cosmetic procedures in the region is also expected to drive the demand for these medical devices, and in turn, contribute to the market growth.

As per our analysts at KD Market Insights, the following five players lead the North America monopolar electrosurgery market growth:

• Medtronic
• Johnson & Johnson (Ethicon)
• Boston Scientific Corporation
• CONMED Corporation
• Olympus Corporation

Which Key Players Top the Global Monopolar Electrosurgery Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global monopolar electrosurgery market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with monopolar electrosurgery market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global monopolar electrosurgery market share:

• Medtronic plc
• Johnson & Johnson (Ethicon)
• Olympus Corporation
• B. Braun Melsungen AG
• CONMED Corporation
• ERBE Elektromedizin GmbH
• Boston Scientific Corporation
• Stryker Corporation
• Smith & Nephew plc
• KLS Martin Group
• Megadyne Medical Products, Inc.
• Symmetry Surgical Inc.

What are the Recent Developments Observed in the Monopolar Electrosurgery Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global monopolar electrosurgery market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Apyx Medical stated that it has received 510(k) clearance from the FDA for its Apyx Plasma/RF Handpiece single-use electrosurgical device.

Further, Ethicon, Inc. stated that it has acquired the provider of electrosurgical products, Megadyne Medical Products, Inc.