Monopolar Electrosurgery Instrument Market Growth & Trends
The global monopolar electrosurgery instrument market size is expected to reach USD 3.0 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2027. monopolar electrosurgery instrument are majorly used in gynecology and urology procedures to precisely cut and extract tissues. The devices are most commonly used in Laparoscopic Ovarian Drilling (LOD) procedures to manage Polycystic Ovary Syndrome (PCOS). According to the Centers for Disease Control and Prevention (CDC), PCOS is among the major cause of female infertility, affecting 6–12% or 5 million U.S. women between the 18–45 age group.
Frequent product launch, increasing prevalence of chronic conditions, and growing preference for minimally invasive procedures have augmented the demand for monopolar electrosurgery devices. For instance, in September 2019, Ethicon, a Johnson and Johnson subsidiary launched a MEGADYNE MEGA SOFT universal plus reusable patient return electrode. The dispersal electrode eliminates adhesive-related injuries and is eco-friendly.
The market is highly fragmented with presence of large number of local manufacturers in developing regions. These companies offer technologically advanced products at competitive prices. Local manufacturing helps in keeping the final product prices minimum. Major market players are focusing to set manufacturing units in Asian countries such as China and India.
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Monopolar Electrosurgery Instrument Market Report
Monopolar Electrosurgery Instrument Market Report Highlights
- North America accounted for the largest revenue share in 2020 owing to the factors such aspresence of key players, increasing prevalence of chronic diseases, and the presence of trained professionals
- By type, the generators segment is expected to register the highest CAGR during the forecast period owing to the high surgical efficacy offered by the device
- By application, the cardiovascular segment is expected to register the highest CAGR during the forecast period owing to the increasing prevalence of the condition due to changing lifestyle and geriatric population
- By end use, the hospital segment accounted for the largest market share owing to the increasing adoption of advanced devicesand growing preference for minimally invasive procedures
Monopolar Electrosurgery Instrument Market Segmentation
Grand View Research has segmented the global monopolar electrosurgery instrument market based on type, application, end use, and region.
Monopolar Electrosurgery Instrument Type Outlook (Revenue, USD Million, 2016–2027)
- Hand Instrument
- Generator
- Dispersive electrodes
- Accessories
Monopolar Electrosurgery Instrument Application Outlook (Revenue, USD Million, 2016–2027)
- General surgery
- Neurosurgery
- Cardiovascular surgery
- Others
Monopolar Electrosurgery Instrument End-use Outlook (Revenue, USD Million, 2016–2027)
- Hospitals
- Specialty clinics
- Ambulatory Surgical centers
