Monopolar Electrosurgery Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2025

Published on : Jun-2020 | List of Tables : 96 | List of Figures : 120 | No. of Pages : 170 | Report Code : FACT4845MR |

Global Monopolar Electrosurgery Market Insights

Electrosurgical procedures have been widely used for minimally invasive surgeries in the fields of gynecology, cosmetology, open surgery, laparoscopic procedures and flexible endoscopic procedures. Minimally invasive surgeries have surged in popularity in recent years, attributed to greater acceptability among patients and technological breakthroughs. The introduction of robotics has significantly augmented the number of laparoscopic procedures for indications such as prostatectomy, colorectal cancer surgery, hernia repair and plastic surgery. Based on these trends, the global monopolar electrosurgery market is poised to witness a strong growth, recording a 4.1% CAGR during the forecast period (2020-2025).

The coronavirus pandemic is anticipated to moderately impact the global monopolar electrosurgery market, owing to patients delaying elective surgical procedures to provide more room for treating COVID-19 patients. However, the growth is expected to pick up in the aftermath of the pandemic.

Technological Insights: Innovations and AEM Technology to Provide Impetus

Monopolar electrosurgery devices are traditionally used in open as well as laparoscopic procedures. Various market players are involved in developing new and innovative products based on monopolar energy. For instance, in April 2016, Encision, Inc. introduced the AEM EndoShield 2 Burn Protection System, a patented technology, to reduce thermal stray energy and make surgeries more efficient. Such introduction of new and innovative products is expected to drive demand, consumption, and subsequent growth of the global monopolar electrosurgery market across the forecast period.

Application Insights: General Surgery Remains Key Application Area, Players to Capitalize on Orthopedic Surgeries

A surge in the geriatric population pool worldwide has increased the cases of osteoarthritis, leading to a rise in need for arthroscopic surgeries across the world. Based on these trends, application of monopolar electrosurgery in orthopedic treatment is expected to surge in popularity, capturing nearly one-fifth of the global market value. The application segment is anticipated to expand at a CAGR of 4.7% during the forecast period.

However, adoption in general surgery is poised to retain dominance, capturing a quarter of the global monopolar electrosurgery market revenue. Increasing prevalence of chronic ailments such as cancer and lifestyle diseases such as obesity is attributed as a key promoter. Application in general surgery shows modest growth prospects and is expected to expand at a CAGR of 4.0% through 2025.

monopolar electrosurgery market forecast by application

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Regional Insights: North America at Forefront, Asia Pacific Leads 2nd Wave of Growth

Asia Pacific’s monopolar electrosurgery market is anticipated to expand moderately at a CAGR of 4.7% through 2025, capturing over one-fifth of the total market share. The regional market is witnessing rapid increase in patient population. Hence, leading market players associated with the production of monopolar electrosurgery devices are finding potential opportunities to broaden their operation base in the region. Moreover, favorable reimbursement policies for minimally invasive surgical procedures are motivating key players to establish their business in the region.

North America is anticipated to retain market hegemony during the forecast period. Significant average selling prices of monopolar electrosurgery instruments, the greater demand from surgeons for advanced minimally invasive surgical devices, and favorable reimbursement coverage for surgical procedures are poised to help North America retain its leading position in the global market. Furthermore, increase in number of approvals for new devices from the U.S. FDA is anticipated to fuel growth prospects of the monopolar electrosurgery market. The region is poised to capture one-third of the overall market, expanding at a CAGR of 4.1% throughout the forecast period.

monopolar electrosurgery market growth forecast by region

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Innovations and Broad-based Product Portfolios to Remain Key Growth Strategies

The global monopolar electrosurgery market is highly consolidated, with two major players accounting for about 60% of the market share. These players are Medtronic and Ethicon, Inc. Strong focus on research and development, diverse product offerings, and a robust regional and global presence have helped these players to consolidate their position in the market.

In 2016, Medtronic invested US$ 2.2 Bn in research and development. Moreover, over 10,000 ForceTraid electrosurgical generators were installed in the U.S. in 2012. Ethicon, likewise, offers a broad range of electrosurgical instruments. These include the ENDOPATH Electrosurgery PROBE PLUS II hand instruments, MEGADYNE MEGA SOFT return electrodes, E-Z CLEAN monopolar electrodes, and MEGADYNE MEGA POWER electrosurgical generators.

Other market players engaged in the monopolar electrosurgery market are CONMED Corporation, BOVIE Medical, Encision, Inc., Olympus Corporation, Aesculap, AG, and BOWA-electronic GmBH & Co.

COVID-19 Impact Analysis

The outbreak of the novel coronavirus pandemic has prompted the international community to initiate massive quarantine measures to contain the spread of the infection. The imposition of lockdowns across continents to maintain social distancing has compelled people to stay within the confines of their house. Following such a scenario, the global monopolar electrosurgery market registered a downturn in the first quarter of 2020.

Medical and healthcare experts have urged patients to postpone elective surgical procedures as a precautionary measure. This also includes electrosurgical procedures for chronic conditions. However, urgent procedures are to be given top priority as these may lead to complications later on. Leading players are ensuring that their supply chains are disrupted as little as possible. Medtronic has been in constant touch with healthcare providers, suppliers, and governments to ensure delivery of life-saving products to patients around the world. The company is also deploying ventilators to various hospitals across the world.

Ethicon, Inc. has developed a novel approach towards safeguarding individuals from the coronavirus infection. The company has launched the MEGADYNE Mega Vac PLUS Smoke Evacuator to be used while performing laparoscopy. Ethicon believes that electrosurgical laparoscopy uses aerosolization, which provides an easy medium for the coronavirus to travel and infect doctors and surgeons. The smoke evacuator helps filter the aerosols generated during the procedure and purifies the air, thus diminishing the chances of infection.

The Analyst’s Viewpoint

The global monopolar electrosurgery market is poised to expand positively in the future. While the ongoing coronavirus pandemic may temporarily slow down the growth, long-term prospects seem promising. Gains remain driven by continuous technological advancements in electroscopic procedures. Rising prevalence of lifestyle diseases and chronic conditions will boost demand for laparoscopic procedures, a majority of which shall happen in the Asia-Pacific region. Moreover, favorable reimbursement policies by governments are expected to broaden the growth prospects of the monopolar electrosurgery market.

Global Monopolar Electrosurgery Market: Report Scope

The recent report compiled by Fact.MR incorporates a five-year forecast period, covering the potential drivers, opportunities and restraints impacting the global monopolar electrosurgery market during 2020-2025. The market has been analyzed through the following segments: product, application, and end user. Each segment incorporates a detailed picture of the market based on the revenue generation, market share and future growth.

A detailed regional landscape, based on five major geographies, has also been embedded in the report. These geographies are: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Each regional outlook incorporates the segmentations highlighted above. In addition, a competitive landscape, incorporating information about leading market players, their revenue, expansion strategies and future growth prospects, has been included too. Moreover, each market player is provided with a SWOT analysis to discern an accurate growth picture.

Global Monopolar Electrosurgery Market - Scope of the Report

The recent study by Fact.MR on the global monopolar electrosurgery market offers a 5-year forecast for the period of 2020-2025. The study analyzes crucial trends currently determining the market growth. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players and emerging players associated with the production of monopolar electrosurgery products. The study also provides dynamics responsible for influencing the future status of the global monopolar electrosurgery market over the forecast period.

A detailed assessment of the global monopolar electrosurgery market value chain, business execution, and supply chain across the regional markets has been covered in the report. A list of prominent companies operating in the global monopolar electrosurgery market along with their product portfolio enhances the reliability of this comprehensive research study.

Global Monopolar Electrosurgery Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the global monopolar electrosurgery market across the globe.

A comprehensive estimate on the global monopolar electrosurgery market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of global monopolar electrosurgery marketduring the forecast period.

Global Monopolar Electrosurgery Market Segmentation

Fact.MR has studied the global monopolar electrosurgery market with detailed segmentation on the basis of product, application, end user and region.

Product

Application

End User

Region

Hand Instruments:

  • Electrosurgical Pencils
  • Monopolar Forceps
  • Monopolar Electrodes

 

General Surgery

Hospitals

North America

Electrosurgical Generators

Gynecology Surgery

Ambulatory Surgery Centers

Europe

Return Electrode:

  • Single Use
  • Re-usable

Cardiovascular Surgery

Others

Asia Pacific

Accessories:

  • Footswitches
  • Connectors
  • Others

Cosmetic Surgery

 

Latin America

 

Orthopedic Surgery

 

Middle East & Africa

 

Urology Surgery

 

 

 

Others

 

 

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Global Monopolar Electrosurgery Market: Size Evaluation

The global monopolar electrosurgery market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for the global monopolar electrosurgery market is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent global monopolar electrosurgery market segments, along with market attractiveness evaluation has been incorporated in the report.

Global Monopolar Electrosurgery Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global monopolar electrosurgery report, which have helped deliver projections on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of the global monopolar electrosurgery market during the forecast period.

Country-specific valuation on demand for monopolar electrosurgery has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Global Monopolar Electrosurgery Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of monopolar electrosurgery products along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of monopolar electrosurgery products, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, such as product portfolio and key strategies along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in the global monopolar electrosurgery market. Prominent manufacturers with established market presence in the global monopolar electrosurgery market are Medtronic (Covidien), CONMED Corporation, Ethicon, Inc., and BOVIE MEDICAL.

1. Market Overview

    1.1. Market Coverage / Taxonomy 

    1.2. Market Definition / Scope / Limitations

2. Market Risks and Trends Assessment 

    2.1. Risk Assessment 

        2.1.1. COVID-19 Crisis and Impact on Monopolar Electrosurgery Demand

        2.1.2. COVID-19 Crisis and Impact on Monopolar Electrosurgery Cost 

        2.1.3. COVID-19 Impact Benchmark with Previous Crisis 

            2.1.3.1. Change in Monopolar Electrosurgery Demand 

            2.1.3.2. Before and After COVID-19 Crisis (Projected)

            2.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual)

            2.1.3.4. Change in Demand post Recovery Period (After Each Crisis)

        2.1.4. Impact on Market Value (US$ Mn)

            2.1.4.1. Likely Loss of Value in 2020

            2.1.4.2. Mid-term and Long Term Forecast

            2.1.4.3. Quarter by Quarter Demand and Recovery Assessment 

        2.1.5. Anticipated Demand and Value Recovery Curve

            2.1.5.1. Likelihood of U-Shape Recovery

            2.1.5.2. Likelihood of L-Shape Recovery

        2.1.6. Recovery Period Assessment by Key Countries

        2.1.7. Recovery Assessment by Key Market Segments

        2.1.8. Action Points and Recommendation for Suppliers

    2.2. Key Trends Impacting the Market

3. Market Background and Foundation Data Points 

    3.1. Global Healthcare Market Overview

    3.2. Healthcare Spending Analysis, By Key Countries

    3.3. Recent Developments in Monopolar Electrosurgery Industry

    3.4. Growth and Development Patterns in Monopolar Electrosurgery Market

    3.5. Market White Space Assessment And Opportunity Analysis

    3.6. Recent Development in Monopolar Electrosurgery Market, By Market Players

    3.7. Competitive Scenario and Trends

        3.7.1. Monopolar Electrosurgery Market Concentration Rate

        3.7.2. List of Emerging, Prominent and Leading Players 

        3.7.3. Mergers & Acquisitions

    3.8. Scenario Forecast 

         (Demand in optimistic, likely, and conservative market conditions) 

    3.9. Policy and Regulatory Landscape

    3.10. Macro-Economic Factors

    3.11. Forecast Factors - Relevance & Impact

    3.12. Market Dynamics

        3.12.1. Market Driving Factors and Impact Assessment

        3.12.2. Prominent Market Challenges and Impact Assessment

        3.12.3. Monopolar Electrosurgery Market Opportunities

        3.12.4. Prominent Trends in the Global Market & Their Impact Assessment

4. Key Success Factors 

    4.1. Monopolar Electrosurgery Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Others (Discussed in Report)

5. Global Monopolar Electrosurgery Market Value Analysis 2015-2019 and Forecast, 2020-2030

    5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030, By Product 

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) Analysis By Product, 2015-2019

    6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product, 2020 - 2030

        6.3.1. Hand Instruments

            6.3.1.1. Electrosurgical Pencils

            6.3.1.2. Monopolar Forceps

            6.3.1.3. Monopolar Electrodes

        6.3.2. Electrosurgical Generator

        6.3.3. Return Electrode

            6.3.3.1. Single Use

            6.3.3.2. Re-usable

        6.3.4. Accessories

            6.3.4.1. Footswitches

            6.3.4.2. Connectors 

            6.3.4.3. Others

    6.4. Market Attractiveness Analysis By Product 

7. Global Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030, By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2019

    7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2020 - 2030

        7.3.1. General Surgery

        7.3.2. Gynecology Surgery

        7.3.3. Cardiovascular Surgery

        7.3.4. Cosmetic Surgery

        7.3.5. Orthopedic Surgery

        7.3.6. Urology Surgery

        7.3.7. Others

    7.4. Market Attractiveness Analysis By Application

8. Global Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030, By End User

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By End User, 2015-2019

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2020 - 2030

        8.3.1. Hospitals

        8.3.2. Ambulatory Surgical Centres

        8.3.3. Others

    8.4. Market Attractiveness Analysis By End User

9. Global Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2019

    9.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2020 - 2030

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific 

        9.3.5. Middle East and Africa (MEA)

    9.4. Market Attractiveness Analysis By Region

10. North America Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030

    10.1. Introduction

    10.2. Pricing Analysis

    10.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    10.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030

        10.4.1.  By Country

            10.4.1.1. U.S.

            10.4.1.2. Canada

        10.4.2. By Product

        10.4.3. By End User

        10.4.4. By Application

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By Product

        10.5.3. By End User

        10.5.4. By Application

11. Latin America Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    11.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030

        11.4.1.  By Country

            11.4.1.1. Brazil

            11.4.1.2. Mexico

            11.4.1.3. Rest of Latin America

        11.4.2. By Product

        11.4.3. By End User

        11.4.4. By Application 

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Product

        11.5.3. By End User

        11.5.4. By Application

12. Europe Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030

        12.4.1.  By Country

            12.4.1.1. Germany

            12.4.1.2. France

            12.4.1.3. Italy

            12.4.1.4. Spain

            12.4.1.5. U.K.

            12.4.1.6. Russia

            12.4.1.7. Rest of Europe

        12.4.2. By Product

        12.4.3. By End User

        12.4.4. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Product

        12.5.3. By End User

        12.5.4. By Application

13. Asia Pacific Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    13.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030

        13.4.1.  By Country

            13.4.1.1. China

            13.4.1.2. Japan

            13.4.1.3. India

            13.4.1.4. Australia & New Zealand

            13.4.1.5. Rest of Asia Pacific

        13.4.2. By Product

        13.4.3. By End User

        13.4.4. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product

        13.5.3. By End User

        13.5.4. By Application

14. Middle East and Africa Monopolar Electrosurgery Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    14.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030

        14.4.1.  By Country

            14.4.1.1. GCC Countries

            14.4.1.2. South Africa

            14.4.1.3. Rest of Middle East and Africa

        14.4.2. By Product

        14.4.3. By End User

        14.4.4. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product

        14.5.3. By End User

        14.5.4. By Application

15. Market Structure Analysis

    15.1. Market Analysis by Tier of Companies 

    15.2. Market Concentration

    15.3. Market Share Analysis of Top Players

    15.4. Market Presence Analysis

        15.4.1. By Regional footprint of Players

        15.4.2. Product footprint by Players

        15.4.3. Channel footprint by Players

16. Competition Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Competition Deep Dive (Indicative List)

        16.3.1. CONMED Corporation 

            16.3.1.1. Overview

            16.3.1.2. Product Portfolio

            16.3.1.3. Sales Footprint

            16.3.1.4. Strategy Overview

        16.3.2. BOVIE MEDICAL 

            16.3.2.1. Overview

            16.3.2.2. Product Portfolio

            16.3.2.3. Sales Footprint

            16.3.2.4. Strategy Overview

        16.3.3. Encision Inc.

            16.3.3.1. Overview

            16.3.3.2. Product Portfolio

            16.3.3.3. Sales Footprint

            16.3.3.4. Strategy Overview

        16.3.4. Medtronic

            16.3.4.1. Overview

            16.3.4.2. Product Portfolio

            16.3.4.3. Sales Footprint

            16.3.4.4. Strategy Overview

        16.3.5. Ethicon, Inc.

            16.3.5.1. Overview

            16.3.5.2. Product Portfolio

            16.3.5.3. Sales Footprint

            16.3.5.4. Strategy Overview

        16.3.6. Olympus Corporation

            16.3.6.1. Overview

            16.3.6.2. Product Portfolio

            16.3.6.3. Sales Footprint

            16.3.6.4. Strategy Overview

        16.3.7. BOWA-electronic GmbH & Co. KG

            16.3.7.1. Overview

            16.3.7.2. Product Portfolio

            16.3.7.3. Sales Footprint

            16.3.7.4. Strategy Overview

        16.3.8. Erbe Elektromedizin GmbH

            16.3.8.1. Overview

            16.3.8.2. Product Portfolio

            16.3.8.3. Sales Footprint

            16.3.8.4. Strategy Overview

        16.3.9. Aesculap, AG (B. Braun Melsungen AG)

            16.3.9.1. Overview

            16.3.9.2. Product Portfolio

            16.3.9.3. Sales Footprint

            16.3.9.4. Strategy Overview

        16.3.10. Meyer-Haake GmbH

            16.3.10.1. Overview

            16.3.10.2. Product Portfolio

            16.3.10.3. Sales Footprint

            16.3.10.4. Strategy Overview

        16.3.11. Other Prominent Players 

            16.3.11.1. Overview

            16.3.11.2. Product Portfolio

            16.3.11.3. Sales Footprint

            16.3.11.4. Strategy Overview

17. Assumptions and Acronyms Used

18. Research Methodology

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Monopolar Electrosurgery Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2025