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Surgical Generators Market By Product Type (Electrosurgical RF Generators, Electrocautery Generators, Ultrasonic Generators, Argon Plasma Coagulation Generators) By End User (Hospitals, Ambulatory Surgery Center, Specialty Clinics, Trauma Center) Growth, Future Prospects & Competitive Analysis, 2016-2028

Market Introduction of Surgical Generators Market

Surgical generators are medical devices that can provide a cutting and coagulating clinical effect on tissue by using alternating current at a high frequency at a high frequency. Different voltages and currents might be used depending on the desired clinical outcome. Other names for surgical generators include power supplies and waveform generators. Recent developments have produced electrosurgical generator unit circuitry that can track voltage variations that take place during the application of electrosurgical energy.

What is the Market Size of Surgical Generators in terms of value?

In the upcoming years, the market for surgical generators is anticipated to grow significantly at a CAGR of 3.20%. By 2028, the market for surgical generators, which was valued at USD 439.5 million in 2021, is expected to reach USD 530.92 million. In the upcoming years, a significant increase in demand for surgical generators is anticipated. Between 2022 and 2028, it is estimated to generate potential revenue for the top industry participants worth USD 91.42 million.

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Which is the key Product Type segment in the Surgical Generators Market?

The Argon Plasma Coagulation Generators segment registered a revenue share of over 55.0% of the total Surgical Generators in 2021. Throughout the evaluation period, strong sales are anticipated in the argon plasma coagulation area. The growing use of these generators in surgical operations for cancer therapy can be linked to growth. Hemostasis can be achieved without physical contact using argon plasma coagulation. The technique is simple to use, shortens the duration of treatment, and treats bleeding tumors with numerous lesions over a large region. The lesser penetration depth and lower cost than laser treatment increase safety. This aspect is anticipated to keep boosting market sales in the ensuing years. A large pool of older adults and an increase in chronic disease incidence will further promote industry growth. Electrosurgery will become more widely used due to increased consumer knowledge of cosmetic operations that slow down the effects of aging brought on by a fixation with physical beauty. This will increase market revenue prospects over the coming years.

Interesting Facts about Surgical Generators Industry

  • The top countries in the Surgical Generators market are the US, Canada, China, Germany, Russia, and France.
  • The popularity of electrosurgery in gynecological, cardiac, dermatological, urological, maxillofacial, and some dental treatments is being driven by a growing preference for minimally invasive procedures are growth factors.
  • Concerns regarding toxic fumes produced during surgical procedures hinder the growth of the Surgical Generators market over the forecast period. 
  • In terms of volume and value, the North America region dominated the global market for surgical generators in 2021, and it is anticipated that this dominance will persist during the forecast period.
  • Argon Plasma Coagulation Generators to witness high growth.

Who are the Top players/companies in the Surgical Generators market in terms of value?

The key players in the global Surgical Generators market in terms of value include Medtronic, Olympus Corporation, CONMED Corporation, Ethicon, Bovie Medical Corporation, Boston Scientific Corporation, ERBE Elektromedizin GmbH, Bowa, Soring, CooperSurgical, and KLS Martin. These key competitors are concentrating on technological developments and new product improvements to improve the quality of their surgical generator output and seize a competitive market share globally. Additionally, several local and national businesses are investing heavily to broaden their product lines and increase sales.

Who are the Top 10 Countries in the Surgical Generators Market?

The major global Surgical Generators market countries are China, Mexico, India, the U.S., Canada, the U.K., Germany, France, Italy, and Japan. With a significant market share in the global market in 2021, the United States is the main market for surgical generators. Sales are anticipated to increase in the coming years due to the U.S.'s rapidly adopting technologically improved medical treatments and equipment. In addition, chronic illnesses, including cancer and cardiovascular disorders, drive the demand for advanced surgical treatments by driving up the need for these procedures.

Which is the key End-user used in the Surgical Generators Market?

The Hospitals category dominated the Surgical Generators market in 2021. In 2021, the segment that included hospitals, clinics, and ablation centers held the biggest market share. Due to the high volume of electrosurgery treatments carried out in hospitals and the increasing use of minimally invasive techniques, this category has a sizable market share. The popularity of electrosurgery in gynecological, cardiac, dermatological, urological, maxillofacial, and some dental treatments is being driven by a growing preference for minimally invasive procedures. However, these methods come with some risks, including electric shock, non-targeted tissue injury, burns, and infection transfer by poisonous gases. Manufacturers are responding by creating technologically sophisticated and inventive surgical generators to reduce such dangers, boosting market sales.

What are the Major Driving Factors for Surgical Generators Market?

The popularity of electrosurgery in gynecological, cardiac, dermatological, urological, maxillofacial, and some dental treatments is being driven by a growing preference for minimally invasive procedures. However, these methods come with some risks, including electric shock, non-targeted tissue injury, burns, and infection transfer by poisonous gases. Manufacturers are responding by creating technologically sophisticated and inventive surgical generators to reduce such dangers, boosting market sales. Gynecology, arthroscopy, and urology are moist domains that require controlled power output, which an electrosurgical generator can provide. This will increase market demand. Additionally, during the projection year, avoiding hospital stays and prolonged healing times will increase the revenue growth of electrosurgical generators, particularly in ambulatory surgical centers.

What are the Major Restraints for Surgical Generators Market?

The key restraint of the global Surgical Generators market, projected to hamper the market growth, includes the High-frequency electrical currents utilized during electrosurgical operations to cut and coagulate tissue. Electric shocks, thermal burns, the production of toxic gases, smoke inhalation, and the spread of infection are all possible side effects of the electrosurgical generator's heat..

Which Region Dominated the World Surgical Generators Market?

In 2021, North America dominated the global Surgical Generators market and accounted for a significant market revenue share value. Sales are anticipated to increase in the coming years due to the U.S.'s rapidly adopting technologically improved medical treatments and equipment. In addition, chronic illnesses, including cancer and cardiovascular disorders, drive the demand for advanced surgical treatments by driving up the need for these procedures. The adoption of surgical generators is aided by the existence of major market participants in the nation. To increase efficiency, players are releasing items with highly compatible and transportable electrical output transducers, which is boosting market sales. As an illustration, the American business Encision, which manufactures surgical instruments, provides the AEM EndoShield Burn protection system. This plug-and-play smart card is linked with electrosurgical generators and aids in preventing potential energy burns.

Frequently asked questions about the global Surgical Generators market

Surgical Generators Market also suffered from the COVID 19 pandemic, which resulted in a decline in revenue generated in 2020 due to the temporary suspension of different development projects as well as many deals were also suspended by different industries.

North America accounted for the highest share in the global Surgical Generators market.

The popularity of electrosurgery in gynecological, cardiac, dermatological, urological, maxillofacial, and some dental treatments is being driven by a growing preference for minimally invasive procedures.

Argon Plasma Coagulation Generators had a major share in 2021.

The Hospitals segment had a major share in the global market in 2021.

Surgical Generators Market Scope

Report Attribute Details
Market Value in 2021 USD 439.5 million
Market Value in 2028 USD 530.92 million
CAGR 3.20%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Aug 2022
Category:  Medical Devices
Report ID:   58889
Report Format:   PDF
Pages:   170
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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