According to Future Market Insights' newly released Ultrasonic Electrosurgical Devices Market analysis report, the global market for Ultrasonic Electrosurgical Devices was valued at USD 4.2 billion in 2021 and is expected to rise at a CAGR of 6.1% during the forecast period to reach a market valuation of USD 8 billion by 2032. The global market is expected to surge at an absolute dollar opportunity of USD 3.5 billion during the forecast period.
| Attribute | Details |
|---|---|
| Global Ultrasonic Electrosurgical Devices Market (2022) | USD 4.5 Billion |
| Global Ultrasonic Electrosurgical Devices Market (2032) | USD 8 Billion |
| Global Ultrasonic Electrosurgical Devices Market CAGR (2022 to 2032) | 6.1% |
| USA Ultrasonic Electrosurgical Devices Market CAGR (2022 to 2032) | 6.5% |
| Key Companies Profiled | Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc.; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical; ITALIA MEDICA SRL; SonaCare Medical; Miconvey |
The market growth is attributable to the growing surgeries count, rising prevalence of chronic diseases, increasing minimally invasive surgeries, and advancements in surgical techniques. Furthermore, the necessity for patient safety and increasing strategic initiatives throughout complex surgeries have prompted leading market participants to develop ultrasonic electrosurgical devices.
As per the publication released by Future Market Insights - a market research and competitive intelligence provider, the market is currently valued at USD 4.2 Billion and is expected to become a USD 4.5 Billion market by the end of 2022. between 2022 and 2032, the market is expected to grow at a CAGR of 6.1%. The market is estimated to offer an absolute dollar opportunity of USD 3.5 billion during 2022 and 2032 and is likely to hit a valuation of USD 8 Billion by 2032.
The expanding elderly population, as well as an increase in the number of surgical procedures, are some of the primary drivers escalating the demand for ultrasonic electrosurgical devices during the forecast period. Ultrasonic electrosurgical technologies are becoming more popular as the concern for patient safety throughout complex surgical procedures grows.
The market is expected to grow due to the existence of a large number of companies and the rising prevalence of their strategic alliances for improving product portfolios. During the projected period, the frequency of surgical operations is expected to rise due to an increasing number of traffic accidents, an aging population, and increased healthcare spending in emerging economies.
The complex nature of Ultrasonic Electrosurgical equipment necessitates the use of qualified specialists for safely handling the instruments and performing the operations. The scarcity of such qualified and trained personnel may limit the demand. Furthermore, compared with conventional electrosurgical instruments, ultrasonic electrosurgery components are more expensive and less durable which has been constraining the market growth.
North America is likely to dominate the global market owing to the rising chronic ailments, preventive surgeries, minimally invasive surgeries, technological advancements, and the presence of large players in the region.
Meanwhile, the APAC market is likely to grow at the highest CAGR owing to the surge in the geriatric population, market expansion by key players, the rising adoption rate of technologically advanced products, growing healthcare expenditure, and increased reimbursement policies by the government.
In 2021, the USA with over 25% share accounts for the largest Ultrasonic Electrosurgical Devices market globally. The market in the country is projected to expand at a CAGR of 6.5%. Between 2022 and 2032, the market is expected to surge with an absolute dollar opportunity of USD 1.4 billion. According to the American Heart Association, 7,85,000 Americans will experience their first heart attack this year, which will take the market forward.
During the forecast period, the market will be driven by favorable government policies, new product development, rising healthcare infrastructure expenditure, and a high level of patient knowledge about the presence of advanced treatment devices.
The region's ability to cater to a high level of innovation in the field of medical devices, as well as its growing burden of chronic disorders, rising preference for minimally invasive surgeries, and ability to cater to a high level of innovation in the field of medical devices, help it dominate the market.
The market in the UK is expected to reach a valuation of USD 339 Million by 2032. With a CAGR of 5.7%, the market is projected to gross an absolute dollar opportunity of around USD 196 Million from 2022 to 2032.
During the projected period, the Chinese market for Ultrasonic Electrosurgical Devices is expected to expand at a CAGR of 8%. Between 2022 and 2032, the market in the country is likely to generate an absolute dollar opportunity of USD 432.1. The higher adoption of modern technology, the rising frequency of chronic illnesses, the favorable reimbursement policies, the rising senior population, and the escalating preference for minimally invasive surgeries are contributing to this increase. Furthermore, major players have been investing in the healthcare sector of the country to address the unmet demand.
In 2021, ultrasonic electrosurgical consumables were the highest revenue-generating segment, which is projected to grow at a CAGR of 6%. The forecasted growth is significantly higher than the historical growth of just 4.1% during the period between 2017 and 2021.
The consumables segment is growing rapidly due to its easy disposable nature and low durability rate in comparison to ultrasonic electrosurgical generators. Furthermore, consumables are also reusable in a variety of treatment operations and have a limited usage cycle, both of which contribute to the segment's growth.
Ultrasonic electrosurgical devices find their largest utility in hospitals. The market revenue through hospitals is expected to grow at a CAGR of 6.5% during 2022 and 2032. The significant market growth through this segment is attributable to the factors like rising chronic diseases, increasing surgical procedures, and rising kidney and liver transplants. Furthermore, the rising availability of qualified medical professionals is driving segment growth.
The leading players in the Ultrasonic Electrosurgical Devices Market are increasing their Research and Development spending to fund the development of strategically advanced offerings. Furthermore, government funding, rising surgical procedures, technological advancements, advancing regulatory approvals, mergers and acquisitions, and a diverse product portfolio have contributed to the competitive environment in the market. To maintain their dominance in the global market of Ultrasonic Electrosurgical Devices Market, the leading players are projected to benefit from new product releases and the expansion of current operations in the untapped international market.
The key competitors in the Ultrasonic Electrosurgical Devices Market are Ethicon Endo-Surgery, Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey.
The recent developments in the Global Ultrasonic Electrosurgical Devices Market are as follows:
Similarly, recent developments related to companies offering Ultrasonic Electrosurgical Devices have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ Million), By Product Type, 2017 to 2021
Table 2: Global Market Value (US$ Million), By Product Type, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Application, 2017 to 2021
Table 4: Global Market Value (US$ Million), By Application, 2022 to 2032
Table 5: Global Market Value (US$ Million), By End-use, 2017 to 2021
Table 6: Global Market Value (US$ Million), By End-use, 2022 to 2032
Table 7: Global Market Value (US$ Million), By Type, 2017 to 2021
Table 8: Global Market Value (US$ Million), By Type, 2022 to 2032
Table 9: Global Market, By Region, 2017 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Product Type, 2017 to 2021
Table 12: North America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Application, 2017 to 2021
Table 14: North America Market Value (US$ Million), By Application, 2022 to 2032
Table 15: North America Market Value (US$ Million), By End-use, 2017 to 2021
Table 16: North America Market Value (US$ Million), By End-use, 2022 to 2032
Table 17: North America Market Value (US$ Million), By Type, 2017 to 2021
Table 18: North America Market Value (US$ Million), By Type, 2022 to 2032
Table 19: North America Market, By Country, 2017 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Product Type, 2017 to 2021
Table 22: Latin America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 23: Latin America Market Value (US$ Million), By Application, 2017 to 2021
Table 24: Latin America Market Value (US$ Million), By Application, 2022 to 2032
Table 25: Latin America Market Value (US$ Million), By End-use, 2017 to 2021
Table 26: Latin America Market Value (US$ Million), By End-use, 2022 to 2032
Table 27: Latin America Market Value (US$ Million), By Type, 2017 to 2021
Table 28: Latin America Market Value (US$ Million), By Type, 2022 to 2032
Table 29: Latin America Market, By Country, 2017 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Million), By Product Type, 2017 to 2021
Table 32: Europe Market Value (US$ Million), By Product Type, 2022 to 2032
Table 33: Europe Market Value (US$ Million), By Application, 2017 to 2021
Table 34: Europe Market Value (US$ Million), By Application, 2022 to 2032
Table 35: Europe Market Value (US$ Million), By End-use, 2017 to 2021
Table 36: Europe Market Value (US$ Million), By End-use, 2022 to 2032
Table 37: Europe Market Value (US$ Million), By Type, 2017 to 2021
Table 38: Europe Market Value (US$ Million), By Type, 2022 to 2032
Table 39: Europe Market, By Country, 2017 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Million), By Product Type, 2017 to 2021
Table 42: Asia Pacific Market Value (US$ Million), By Product Type, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Million), By Application, 2017 to 2021
Table 44: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Million), By End-use, 2017 to 2021
Table 46: Asia Pacific Market Value (US$ Million), By End-use, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Million), By Type, 2017 to 2021
Table 48: Asia Pacific Market Value (US$ Million), By Type, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2017 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Million), By Product Type, 2017 to 2021
Table 52: MEA Market Value (US$ Million), By Product Type, 2022 to 2032
Table 53: MEA Market Value (US$ Million), By Application, 2017 to 2021
Table 54: MEA Market Value (US$ Million), By Application, 2022 to 2032
Table 55: MEA Market Value (US$ Million), By End-use, 2017 to 2021
Table 56: MEA Market Value (US$ Million), By End-use, 2022 to 2032
Table 57: MEA Market Value (US$ Million), By Type, 2017 to 2021
Table 58: MEA Market Value (US$ Million), By Type, 2022 to 2032
Table 59: MEA Market, By Country, 2017 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 2: Global Market Absolute $ Historical Gain (2017 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Product Type, 2022 to 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 9: Global Market Share, By Type, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Type - 2022 to 2032
Figure 12: Global Market Share, By End-use, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By End-use - 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 18: North America Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 19: North America Market Absolute $ Opportunity Historical (2017 to 2021) and
Forecast Period (2022 to 2032), US$ Million
Figure 20: North America Market Share, By Product Type, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 23: North America Market Share, By Application, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 26: North America Market Share, By Type, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Type - 2022 to 2032
Figure 29: North America Market Share, By End-use, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 31: North America Market Attractiveness Index, By End-use - 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2017 to 2021) and
Forecast Period (2022 to 2032), US$ Million
Figure 37: Latin America Market Share, By Product Type, 2022 to 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 40: Latin America Market Share, By Application, 2022 to 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 43: Latin America Market Share, By Type, 2022 to 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Type - 2022 to 2032
Figure 46: Latin America Market Share, By End-use, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By End-use - 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 52: Europe Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 54: Europe Market Share, By Product Type, 2022 to 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 57: Europe Market Share, By Application, 2022 to 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 60: Europe Market Share, By Type, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By Type - 2022 to 2032
Figure 63: Europe Market Share, By End-use, 2022 to 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By End-use - 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 69: MEA Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 71: MEA Market Share, By Product Type, 2022 to 2032
Figure 72: MEA Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 73: MEA Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 74: MEA Market Share, By Application, 2022 to 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 77: MEA Market Share, By Type, 2022 to 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By Type - 2022 to 2032
Figure 80: MEA Market Share, By End-use, 2022 to 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By End-use - 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 to 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2017-2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 88: Asia Pacific Market Share, By Product Type, 2022 to 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 91: Asia Pacific Market Share, By Application, 2022 to 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032
Figure 94: Asia Pacific Market Share, By Type, 2022 to 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By Type - 2022 to 2032
Figure 97: Asia Pacific Market Share, By End-use, 2022 to 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By End-use - 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 to 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
In 2021, the market was valued at USD 4.2 billion and is expected to reach USD 4.5 billion by the end of 2022.
The market is anticipated to grow at a CAGR of 6.1% during the forecast period. It will be valued at USD 8 Billion by the end of 2032.
The global Ultrasonic Electrosurgical Devices Market is expected to register an absolute dollar opportunity of USD 3.5 Billion between 2022 and 2032, growing at a CAGR of 6.1%.
The key players operating in the Global Ultrasonic Electrosurgical Devices Market are Ethicon Endo-Surgery, Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey.
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