Product Code: GVR-4-68039-556-6
Ultrasonic Electrosurgical Devices Market Growth & Trends:
The global ultrasonic electrosurgical devices market size is estimated to reach USD 5.21 billion by 2030 registering a CAGR of 5.44%, according to a new report by Grand View Research, Inc. Rising volume 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 is expected to contribute to the market growth. Presence of a large number of players and their growing number of strategic initiatives to enhance their product portfolios is expected to boost the market growth.
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 as a universal healthcare problem as it is one of the leading causes of death. Furthermore, the increasing incidence of cancer across the globe is predicted to boost the demand for the ultrasonic electrosurgical devices market. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for market players during the forecast period.
A large number of surgical procedures are performed around the world. According to the National Library of Medicine, in 2020, around 310 million surgical procedures are performed annually, of which 40 to 50 million are conducted in the U.S. and 20 million in Europe.
This is expected to positively influence the demand for ultrasonic electrosurgical devices in the coming years. Several manufacturers are focusing on developing technologically advanced ultrasonic electrosurgical devices to maintain a strong market presence.
Ultrasonic Electrosurgical Devices Market Report Highlights:
- The ultrasonic electrosurgical consumable segment accounted for a revenue share of 43.5% in 2022.
- The high-intensity focused ultrasonic (HIFU) ablators segment held the largest market share of ~39.35% in 2022
- Cardiology held the largest share in 2022 in application outlook. The increasing prevalence of cardiovascular diseases globally is anticipated to boost the segment growth
- The hospital segment is predicted to grow at the fastest growth rate during the forecast timeframe due to the increasing number of patient visits and advanced infrastructure in hospitals as compared to other healthcare facilities
- North America dominated the market in 2022 and is predicted to maintain its dominance during the forecast period
- Some of the prominent companies are Ethicon - Endo-Surgery, Olympus Corporation, Medtronic, Misonix Inc, and BOWA-electronic GmbH
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Product
- 1.1.2 Type
- 1.1.3 Application
- 1.1.4 End Use
- 1.1.5 Regional Scope
- 1.1.6 Estimates and Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details of Primary Research
- 1.3.5.1 Data for primary interviews in North America
- 1.3.5.3 Data for Primary Interviews in Europe
- 1.3.5.4 Data for Primary Interviews in APAC
- 1.3.5.6 Data for Primary Interviews in Latin America
- 1.3.5.8 Data for Primary Interviews in MEA
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.2 Volume Price Analysis (Model 2)
- 1.6.2.1 Approach 2: Volume Price Analysis
- 1.7 List of Secondary Sources
- 1.8 List of Abbreviations
- 1.9 Objectives
- 1.9.1 Objective 1
- 1.9.2 Objective 2
- 1.9.3 Objective 3
- 1.9.4 Objective 4
Chapter 2 Executive Summary
Chapter 3 Ultrasonic Electrosurgical Devices Market Variables, Trends & Scope
- 3.1 Penetration & Growth Prospect Mapping
- 3.2 Market Dynamics
- 3.2.1 Market Drivers Analysis
- 3.2.1.1 Increasing prevalence of chronic diseases
- 3.2.1.2 Increasing geriatric population
- 3.2.1.3 Growing number of surgical procedures
- 3.2.2 Market Restraint Analysis
- 3.2.2.1 Stringent regulatory approvals
- 3.2.3 Market Challenge Analysis
- 3.2.3.1 Risks associated with ultrasonic electrosurgical procedures
- 3.2.4 Market Opportunity Analysis
- 3.2.4.1 Growing adoption of the ultrasonic electrosurgical devices
- 3.3 Ultrasonic Electrosurgical Devices: Market Analysis Tools
- 3.3.1 SWOT Analysis by PESTEL
- 3.3.2 Industry Analysis-Porter's
- 3.4 Impact of COVID-19
- 3.4.1 COVID-19 Impact analysis
- 3.4.2 Impact on market players
- 3.5 Pipeline Analysis
- 3.5.1 Phase I
- 3.5.2 Phase III
- 3.5.3 Phase IV
Chapter 4 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Product, 2018 - 2030 (USD Million)
- 4.1 Definitions and Scope
- 4.2 Type Market Share Analysis
- 4.3 Segment Dashboard
- 4.4 Ultrasonic Electrosurgical Devices Market by Product
- 4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5.1 Generators
- 4.5.1.1 Generators Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.5.2 Consumables
- 4.5.2.1 Consumables Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Type, 2018 - 2030 (USD Million)
- 5.1 Definitions and Scope
- 5.2 Product Market Share Analysis
- 5.3 Segment Dashboard
- 5.4 Ultrasonic Electrosurgical Devices Market by Type
- 5.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5.1 High-intensity Focused Ultrasonic (HIFU) Ablators
- 5.5.1.1 High-intensity Focused Ultrasonic (HIFU) Ablators Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.2 Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
- 5.5.2.1 Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.3 Ultrasonic Surgical Ablation Systems
- 5.5.3.1 Ultrasonic Surgical Ablation Systems Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.5.4 Shock Wave Therapy Systems
- 5.5.4.1 Shock Wave Therapy Systems Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 6.1 Definitions and Scope
- 6.2 Application Market Share Analysis
- 6.3 Segment Dashboard
- 6.4 Ultrasonic Electrosurgical Devices Market by Application
- 6.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5.1 Cardiology
- 6.5.1.1 Cardiology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.2 Gynecology
- 6.5.2.1 Gynecology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.3 General Surgery
- 6.5.3.1 General Surgery Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.4 Urology
- 6.5.4.1 Urology Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.5 Bariatric Surgery
- 6.5.5.1 Bariatric Surgery Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.6 Others
- 6.5.6.1 Others Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By End Use, 2018 - 2030 (USD Million)
- 7.1 Definitions and Scope
- 7.2 End-Use Market Share Analysis
- 7.3 Segment Dashboard
- 7.4 Ultrasonic Electrosurgical Devices Market by End Use
- 7.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5.1 Hospitals
- 7.5.1.1 Hospitals Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.5.2 Ambulatory surgery centers (ASCs)
- 7.5.2.1 Ambulatory Surgery Centers Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.5.3 Clinics
- 7.5.3.1 Clinics Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.5.4 Others
- 7.5.4.1 Others Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 8 Ultrasonic Electrosurgical Devices Market: Regional Market Analysis, 2018 - 2030 (USD Million)
- 8.1 Regional Market Dashboard
- 8.2 Definitions and Scope
- 8.3 Regional Market Share Analysis
- 8.4 North America
- 8.4.1 North America Market estimates and forecast, 2018 - 2030
- 8.4.2 U.S.
- 8.4.2.1 U.S. market estimates and forecast, 2018 - 2030
- 8.4.3 Canada
- 8.4.3.1 Canada market estimates and forecast, 2018 - 2030
- 8.5 Europe
- 8.5.1 Europe market estimates and forecast, 2018 - 2030
- 8.5.2 U.K.
- 8.5.2.1 U.K. market estimates and forecast, 2018 - 2030
- 8.5.3 Germany
- 8.5.3.1 Germany market estimates and forecast, 2018 - 2030
- 8.5.4 France
- 8.5.4.1 France market estimates and forecast, 2018 - 2030
- 8.5.5 Italy
- 8.5.5.1 Italy market estimates and forecast, 2018 - 2030
- 8.5.6 Spain
- 8.5.6.1 Spain market estimates and forecast, 2018 - 2030
- 8.6 Asia Pacific
- 8.6.1 Asia Pacific market estimates and forecast, 2018 - 2030
- 8.6.2 India
- 8.6.2.1 India market estimates and forecast, 2018 - 2030
- 8.6.3 Japan
- 8.6.3.1 Japan Market estimates and forecast, 2018 - 2030
- 8.6.4 China
- 8.6.4.1 China Market estimates and forecast, 2018 - 2030
- 8.6.5 Australia
- 8.6.5.1 Australia Market estimates and forecast, 2018 - 2030
- 8.6.6 South Korea
- 8.6.6.1 South Korea Market estimates and forecast, 2018 - 2030
- 8.7 Latin America
- 8.7.1 Latin America market estimates and forecast, 2018 - 2030
- 8.7.2 Mexico
- 8.7.2.1 Mexico Market estimates and forecast, 2018 - 2030
- 8.7.3 Brazil
- 8.7.3.1 Brazil market estimates and forecast, 2018 - 2030
- 8.7.4 Argentina
- 8.7.4.1 Argentina market estimates and forecast, 2018 - 2030
- 8.7.5 Colombia
- 8.7.5.1 Colombia market estimates and forecast, 2018 - 2030
- 8.8 Middle East and Africa
- 8.8.1 Middle East And Africa Market estimates and forecast, 2018 - 2030
- 8.8.2 South Africa
- 8.8.2.1 South Africa market estimates and forecast, 2018 - 2030
- 8.8.3 Saudi Arabia
- 8.8.3.1 Saudi Arabia market estimates and forecast, 2018 - 2030
Chapter 9 Ultrasonic Electrosurgical Devices Market - Competitive Analysis
- 9.1 Kind of Competition
- 9.2 Concentration of Market Players
- 9.3 Company Market Share Analysis
- 9.4 Categorization based on the Company's Vision
- 9.5 Company Profiles
- 9.5.1 Medtronic
- 9.5.1.1 Company overview
- 9.5.1.2 Financial performance
- 9.5.1.3 Product benchmarking
- 9.5.1.4 Strategic initiatives
- 9.5.2 Ethicon Endo-Surgery
- 9.5.2.1 Company overview
- 9.5.2.2 Financial performance
- 9.5.2.3 Product benchmarking
- 9.5.2.4 Strategic initiatives
- 9.5.3 Olympus Corporation
- 9.5.3.1 Company overview
- 9.5.3.2 Financial performance
- 9.5.3.3 Product benchmarking
- 9.5.3.4 Strategic initiatives
- 9.5.4 Misonix Inc
- 9.5.4.1 Company overview
- 9.5.4.2 Financial performance
- 9.5.4.3 Product benchmarking
- 9.5.4.4 Strategic initiatives
- 9.5.5 BOWA-electronic GmbH & Co. KG
- 9.5.5.1 Company overview
- 9.5.5.2 Financial performance
- 9.5.5.3 Product benchmarking
- 9.5.5.4 Strategic initiatives
- 9.5.6 Soring GmbH
- 9.5.6.1 Company overview
- 9.5.6.2 Financial performance
- 9.5.6.3 Product benchmarking
- 9.5.6.4 Strategic initiatives
- 9.5.7 Advanced Instrumentations
- 9.5.7.1 Company overview
- 9.5.7.2 Financial performance
- 9.5.7.3 Product benchmarking
- 9.5.7.4 Strategic initiatives
- 9.5.8 Reach Surgical
- 9.5.8.1 Company overview
- 9.5.8.2 Financial performance
- 9.5.8.3 Product benchmarking
- 9.5.8.4 Strategic initiatives
- 9.5.9 ITALIA MEDICA SRL.
- 9.5.9.1 Company overview
- 9.5.9.2 Financial performance
- 9.5.9.3 Product benchmarking
- 9.5.9.4 Strategic initiatives
- 9.5.10 SonaCare Medical, LLC.
- 9.5.10.1 Company overview
- 9.5.10.2 Financial performance
- 9.5.10.3 Product benchmarking
- 9.5.10.4 Strategic initiatives
- 9.5.11 Sring GmbH
- 9.5.11.1 Company overview
- 9.5.11.2 Financial performance
- 9.5.11.3 Product benchmarking
- 9.5.11.4 Strategic initiatives
- 9.5.12 Miconvey
- 9.5.12.1 Company overview
- 9.5.12.2 Financial performance
- 9.5.12.3 Product benchmarking
- 9.5.12.4 Strategic initiatives