North American Electrosurgical Devices Market by Type {Electrosurgical Generators, Electrosurgical Instruments & Accessories [Electrosurgical Instruments (Bipolar Instruments and Monopolar Instruments), Electrosurgical Accessories (Patient Return Electrodes or Dispersive Electrodes; Cords, Cables, and Adapters; and Others)], and Argon & Smoke Management Systems} - Opportunity Analysis and Industry Forecast, 2014-2022 Update Available On-Demand
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A01607
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Pages: 138
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Feb
2017 |
2740 Views
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Author(s) :
Shubhangi Bawkar & Abha Thakur
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Tables: 27
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Charts: 50
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Formats*:
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North American Electrosurgical Devices Market Overview
The North American Electrosurgical Devices Market size is estimated to grow at a CAGR of 8.0% during the forecast period. Increase in baby boomer population, high demand for minimally invasive surgeries across North America, implementation of Obama care act, and rise in demand for technologically advanced products in the electrosurgical devices market drives the North America electrosurgical devices market. However, pitfalls such as stringent government policies limit the North America electrosurgical devices market industry growth.
Segment review
Electrosurgical instruments & accessories is the top potential target for investment by key players in this market. The demand for these accessories is expected to increase with rise in adoption of electrosurgical devices in all types of surgical procedures performed across North America and increase in demand for innovative & customized electrosurgical instruments & accessories, which corresponds to the needs of surgeons.
By country, U.S. accounted for the largest share of the North America electrosurgical devices market in 2015, driven by ample investment in healthcare sector to advance surgical methodologies and surgical products, with improved focus of healthcare organizations on better quality and accuracy of surgical procedures to maximize the patient health. In addition, the other factors supplementing the market growth include rise in healthcare expenditure; high incidence of various chronic diseases such as diabetes, cardiovascular diseases, and obesity; and related rise in volume of surgeries. For instance, according to the American Society for Metabolic and Bariatric Surgery, the annual number of bariatric surgical procedures were nearly doubled from 1,03,000 in 2003 to 2,05,000 procedures in 2007. In addition, it is estimated that up to 13% of the U.S. population is expected to be eligible for bariatric surgery by 2020.
The key players profiled in the report include B. Braun Melsungen AG (Germany), Bovie Medical Corporation (U.S.), Megadyne Medical Products Inc. (U.S.), CONMED Corporation (U.S.), Medtronic plc. (Ireland), Johnson & Johnson (U.S.), ERBE Elektromedizin GmbH (Germany), KLS Martin Group (Germany), Olympus Corporation (Japan), and Utah Medical Products, Inc. (U.S.).
Market drivers and restrains
Technological advancement
North America electrosurgical devices market forecasts the growth of the market due to the technological advancements in electrosurgical devices that comes with added features, higher success rate, and newer applications of the device depending on its usage in various surgical procedures. High demand for such technologically innovative products among medical professionals is due to their ease in operation, improved surgical results, and improved quality of treatment. Key players have invested heavily on R&D to introduce advanced surgical products in the market and to gain a competitive edge.
Stringent rules & regulations for product approval
Stringent U.S. reforms for electrosurgical devices are expected to restrain the market growth during the analysis period. The guidances, Premarket Notification (510(k)) submissions for electrosurgical devices for general surgery and premarket notification (510(k)) submissions for bipolar electrosurgical vessel sealers for general surgery were firstly introduced in 2014. For example, JustRight Surgical (U.S.) was the first and only company that was able to secure clearance from the FDA for an electrosurgical device to be used specifically for pediatric patients.
KEY MARKET BENEFITS
- The study provides an in-depth analysis of the North American electrosurgical devices market, with current trends and future estimations to elucidate the investment pockets.
- The report provides a quantitative analysis from 2014 to 2022 that is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis of the market, by product and application, helps in understanding the various types of product used for different applications.
- Key market players are profiled and their strategies are analyzed thoroughly, which predicts the competitive outlook of the market.
NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET KEY SEGMENTS
By Product Type:
- Electrosurgical Generators
- Electrosurgical Instruments & Accessories
- Electrosurgery Instruments
- Bipolar Instruments
- Advanced Vessel Sealing Instruments
- Bipolar Forceps
- Monopolar Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Bipolar Instruments
- Electrosurgery Accessories
- Patient Return Electrodes or Dispersive Electrodes
- Cords, Cables, and Adapters
- Others (Foot Switches, Carts, and Tip Cleaners)
- Electrosurgery Instruments
- Argon & Smoke Management Systems
By Application:
- General Surgery
- Gynecology Surgery
- Urologic Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Others (ENT, Dermatology, and Ophthalmic Surgeries)
By Country:
- U.S.
- Canada
- Mexico
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.5. ANALYST TOOLS AND MODELS
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.2.1. Product approval, launch, & enhancement
3.2.2.2. Acquisition and mergers
3.2.2.3. Agreements, collaborations, & partnerships
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of buyers (low to moderate)
3.3.2. Bargaining power of suppliers (low)
3.3.3. Threat of new entrants (low)
3.3.4. Threat of substitute products (low-to-moderate)
3.3.5. Intensity of competitive rivalry (high)
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rising number of surgical procedures across the globe
3.5.1.2. Large pool of geriatric population and related rise in chronic diseases
3.5.1.3. Technological advancements
3.5.2. Restraints
3.5.2.1. Stringent rules & regulations for product approval
3.5.3. Opportunities
3.5.3.1. Various growth opportunities from emerging economies
CHAPTER 4 ELECTROSURGICAL DEVICES MARKET, BY PRODUCT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. ELECTROSURGICAL GENERATORS
4.2.1. Key Market Trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. ARGON & SMOKE MANAGEMENT SYSTEMS
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. ELECTROSURGICAL INSTRUMENTS AND ACCESSORIES
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.4.4. Electrosurgical instruments
4.4.4.1. Market size and forecast
4.4.4.2. Bipolar instruments
4.4.4.2.1. Market size and forecast
4.4.4.2.2. Advanced vessel sealing instruments: market size and forecast
4.4.4.2.3. Bipolar forceps: market size and forecast
4.4.4.3. Monopolar electrosurgical instruments
4.4.4.3.1. Market size and forecast
4.4.4.3.2. Electrosurgical pencils: market size and forecast
4.4.4.3.3. Electrosurgical electrodes: market size and forecast
4.4.4.3.4. Suction coagulators: market size and forecast
4.4.4.3.5. Monopolar forceps: market size and forceps
4.4.5. Electrosurgical accessories
4.4.5.1. Market size and forecast
4.4.5.2. Patient return electrodes or dispersive electrodes: market size and forecast
4.4.5.3. Cords, cables, and adapters: market size and forecast
4.4.5.4. Other accessories (foot switches, carts, and tip cleaners): market size and forecast
CHAPTER 5 ELECTROSURGICAL DEVICES MARKET, BY APPLICATION
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. GENERAL SURGERY
5.2.1. Market size and forecast
5.3. GYNECOLOGY SURGERY
5.3.1. Market size and forecast
5.4. UROLOGIC SURGERY
5.4.1. Market size and forecast
5.5. ORTHOPEDIC SURGERY
5.5.1. Market size and forecast
5.6. CARDIOVASCULAR SURGERY
5.6.1. Market size and forecast
5.7. PLASTIC AND RECONSTRUCTIVE /COSMETIC SURGERIES
5.7.1. Market size and forecast
5.8. NEUROSURGERY
5.8.1. Market size and forecast
5.9. OTHER
5.9.1. Market size and forecast
CHAPTER 6 ELECTROSURGICAL DEVICES MARKET, BY COUNTRY
6.1. OVERVIEW
6.2. KEY MARKET TRENDS
6.3. KEY GROWTH FACTORS AND OPPORTUNITIES
6.4. MARKET SIZE AND FORECAST
6.4.1.1. U.S.: market size and forecast
6.4.1.2. Canada: market size and forecast
6.4.1.3. Mexico: market size and forecast
CHAPTER 7 COMPANY PROFILES
7.1. B. BRAUN MELSUNGEN AG
7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.2. BOVIE MEDICAL CORPORATION
7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategic moves and developments
7.3. CONMED CORPORATION
7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategic moves and developments
7.4. ERBE ELEKTROMEDIZIN GMBH.
7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.5. JOHNSON & JOHNSON INC.
7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategic moves and developments
7.6. KLS MARTIN (KLS) GROUP
7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategic moves and developments
7.7. MEDTRONIC PLC.
7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategic moves and developments
7.8. MEGADYNE MEDICAL PRODUCTS, INC.
7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategic moves and developments
7.9. OLYMPUS CORPORATION
7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Strategic moves and developments
7.10. UTAH MEDICAL PRODUCTS, INC.
7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
LIST OF TABLES
TABLE 1. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 2. NORTH AMERICAN ELECTROSURGICAL INSTRUMENTS AND ACCESSORIES MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 3. NORTH AMERICAN ELECTROSURGICAL INSTRUMENTS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 4. NORTH AMERICAN BIPOLAR INSTRUMENTS MARKET, BY TYPE 2014-2022 ($MILLION)
TABLE 5. NORTH AMERICAN MONOPOLAR INSTRUMENTS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 6. NORTH AMERICAN ELECTROSURGICAL ACCESSORIES MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 7. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 8. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 9. B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT
TABLE 10. BOVIE MEDICAL CORPORATION: COMPANY SNAPSHOT
TABLE 11. CONMED: COMPANY SNAPSHOT
TABLE 12. ERBE ELEKTROMEDIZIN: COMPANY SNAPSHOT
TABLE 13. ERBE ELEKTROMEDIZIN: OPERATING SEGMENTS
TABLE 14. JOHNSON & JOHNSON: COMPANY SNAPSHOT
TABLE 15. JOHNSON & JOHNSON: OPERATING SEGMENTS
TABLE 16. KLS MARTIN GROUP: COMPANY SNAPSHOT
TABLE 17. KLS MARTIN GROUP: OPERATING SEGMENTS
TABLE 18. MEDTRONIC: COMPANY SNAPSHOT
TABLE 19. MEDTRONIC: OPERATING SEGMENTS
TABLE 20. MEGADYNE MEDICAL PRODUCTS, INC.: COMPANY SNAPSHOT
TABLE 21. OLYMPUS CORPORATION: COMPANY SNAPSHOT
TABLE 22. UTMD: COMPANY SNAPSHOT
LIST OF FIGURES
FIGURE 1. NORTH AMERICAN ELECTROSURGICAL DEVICES: MARKET SEGMENTATION
FIGURE 2. TOP INVESTMENT POCKETS
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, (2014–2016)
FIGURE 4. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 5. PORTER’S FIVE FORCE ANALYSIS OF NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET
FIGURE 6. NORTH AMERICAN ELECTROSURGICAL ENERGY DEVICES MARKET, 2015
FIGURE 7. NORTH AMERICAN ELECTROSURGICAL GENERATORS MARKET, 2014-2022 ($MILLION)
FIGURE 8. NORTH AMERICAN ARGON & SMOKE MANAGEMENT SYSTEM MARKET, 2014-2022 ($MILLION)
FIGURE 9. NORTH AMERICAN ADVANCED VESSEL SEALING INSTRUMENTS MARKET, 2014-2022 ($MILLION)
FIGURE 10. NORTH AMERICAN BIPOLAR FORCEPS MARKET, 2014-2022 ($MILLION)
FIGURE 11. NORTH AMERICAN ELECTROSURGICAL PENCILS MARKET, 2014-2022 ($MILLION)
FIGURE 12. NORTH AMERICAN ELECTROSURGICAL ELECTRODES MARKET, 2014-2022 ($MILLION)
FIGURE 13. NORTH AMERICAN SUCTION COAGULATORS MARKET, 2014-2022 ($MILLION)
FIGURE 14. NORTH AMERICAN MONOPOLAR FORCEPS MARKET, 2014-2022 ($MILLION)
FIGURE 15. NORTH AMERICAN PATIENT RETURN ELECTRODES OR DISPERSIVE ELECTRODES MARKET, 2014-2022 ($MILLION)
FIGURE 16. NORTH AMERICAN CORDS, CABLES, AND ADAPTERS MARKET, 2014-2022 ($MILLION)
FIGURE 17. NORTH AMERICAN OTHER ACCESSORIES (FOOT SWITCHES, CARTS, AND TIP CLEANERS) MARKET, 2014-2022 ($MILLION)
FIGURE 18. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR GENERAL SURGERY, 2014-2022 ($MILLION)
FIGURE 19. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR GYNECOLOGY SURGERY, 2014-2022 ($MILLION)
FIGURE 20. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR UROLOGIC SURGERY, 2014-2022 ($MILLION)
FIGURE 21. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR ORTHOPEDIC SURGERY, 2014-2022 ($MILLION)
FIGURE 22. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR CARDIOVASCULAR SURGERY, 2014-2022 ($MILLION)
FIGURE 23. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR PLASTIC AND RECONSTRUCTIVE/COSMETIC SURGERY, 2014-2022 ($MILLION)
FIGURE 24. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR NEUROSURGERY, 2014-2022 ($MILLION)
FIGURE 25. NORTH AMERICAN ELECTROSURGICAL DEVICES MARKET FOR OTHER SURGERIES, 2014-2022 ($MILLION)
FIGURE 26. U.S. ELECTROSURGICAL DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 27. CANADA ELECTROSURGICAL DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 28. MEXICO ELECTROSURGICAL DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 29. B. BRAUN MELSUNGEN AG REVENUE, 2013-2015 ($MILLION)
FIGURE 30. B. BRAUN MELSUNGEN AG: REVENUE BY OPERATING SEGMENT, 2015 (%)
FIGURE 31. B. BRAUN MELSUNGEN AG: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 32. BOVIE MEDICAL CORPORATION: REVENUE, 2013-2015 ($MILLION)
FIGURE 33. BOVIE MEDICAL CORPORATION: REVENUE BY SEGMENT, 2015 (%)
FIGURE 34. BOVIE MEDICAL CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 35. CONMED: REVENUE, 2013-2015 ($MILLION)
FIGURE 36. CONMED: REVENUE BY OPERATING SEGMENT, 2015 (%)
FIGURE 37. CONMED: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 38. JOHNSON & JOHNSON: REVENUE, 2013-2015 ($MILLION)
FIGURE 39. JOHNSON & JOHNSON: REVENUE BY OPERATING SEGMENT IN THE U.S. (%), 2015
FIGURE 40. JOHNSON & JOHNSON: REVENUE BY OPERATING SEGMENT, INTERNATIONALLY (EXCLUDING U.S.), 2015 (%)
FIGURE 41. JOHNSON & JOHNSON: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 42. MEDTRONIC: REVENUE, 2014–2016 ($MILLION)
FIGURE 43. MEDTRONIC: REVENUE BY SEGMENT, 2015 (%)
FIGURE 44. MEDTRONIC: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 45. OLYMPUS: REVENUE, 2013-2015 ($MILLION)
FIGURE 46. OLYMPUS: REVENUE BY OPERATING SEGMENT, 2015 (%)
FIGURE 47. OLYMPUS: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 48. UTMD: REVENUE, 2013-2015 ($MILLION)
FIGURE 49. UTMD: REVENUE BY OPERATING SEGMENT, 2015 (%)
FIGURE 50. UTMD: REVENUE BY GEOGRAPHY, 2015 (%)
To promote the adoption of advanced technology in the healthcare system including advanced electrosurgical devices, various healthcare setting and several government agencies across North America have passed a range of regulations and formed healthcare reforms. For instance, the U.S. government passed the Patient Protection and Affordable Care Act on March 23, 2010 to curb healthcare expenditure and enhance the adoption of novel technologies in the healthcare industry. This act increased the quality and affordability of health services, minimized healthcare costs, and provided quality treatment.
U.S. dominated the North American electrosurgical devices market in 2015, attributed to the high adoption rate and well-established healthcare system in the region. Major companies involved in the manufacturing of electrosurgical devices market are Medtronic Plc., Johnson And Johnson Pvt. Ltd., B. Braun, and others.
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