Bipolar Electrosurgical Device Market size is poised to cross USD 8 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of bipolar electrosurgical device was over USD 3.5 Billion. Market growth can be attributed primarily to the rising burden of chronic and non-communicable diseases worldwide. The World Health Organization estimates that noncommunicable diseases (NCDs) cause 41 million deaths worldwide every year. The majority of NCD deaths are caused by cardiovascular diseases, accounting for 17.9 million per year, followed by cancer (9.5 million), chronic respiratory diseases (4.1 million) and diabetes (2.0 million).
An electrosurgical procedure utilizes alternating polarity at a high frequency. Electrosurgery involves heating tissue with electric current. An electrosurgical device that uses bipolar electrodes uses similar sized electrodes to apply the current. The surgeons extensively use bipolar electrosurgical devices in a wide range of applications. There are several types of bipolar electrosurgical devices that are used in dermatology, cardiac surgery, orthopedic surgery, and other surgical procedures. Compared to monopolar electrosurgery, bipolar electrosurgery uses lower voltage rates. Moreover, advancement in healthcare technology and rising demand for safe surgical devices, rising demand for minimally invasive surgeries and growing ambulatory surgery services are expected to be the dynamic factor behind the rapid growth of bipolar electrosurgical device market over across the globe. For instance, in the last quarter century, U.S. community hospitals have performed 19 million ambulatory surgeries, an increase from 13 million in 1995. Accordingly, community hospitals generated 48% of their revenue from outpatient services in 2018.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
6% |
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Base Year Market Size (2022) |
USD 3.5 Billion |
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Forecast Year Market Size (2033) |
USD 8 Billion |
Surgery (General Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery)
The global bipolar electrosurgical device market is segmented and analyzed for demand and supply by surgery into general surgery, gynecology surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others. Among these segments, the general surgery segment is anticipated to capture the largest market size in the global bipolar electrosurgical device market owing to the increasing number of general surgeries being performed in hospitals and ambulatory surgical centers. For instance, there were 4640 surgical procedures performed annually in India for a population of 88,200. Most commonly performed surgeries included cataract surgery (22%), Caesarean section (3%), fracture surgery (3%) and hernia surgery (2%) Approximately 44% of surgeries were essential procedures. The specialty of general surgery is concerned with diseases and disorders of the alimentary canal, stomach, small and large intestine, pancreas, liver, as well as the thyroid gland. Moreover, increasing per capita income and huge spending on medicare services are further anticipated to augment segment growth over the forecast period.
Our in-depth analysis of the global bipolar electrosurgical device market includes the following segments:
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By Type |
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By Surgery |
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By End User |
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Regionally, the global bipolar electrosurgical device market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the increasing number of cosmetic surgeries being performed coupled with a growing desire to look youthful among women and increasing disposable income. According to the study, 13,280,000 cosmetic minimal-invasive procedures were carried out in 2020 in the United States, including 110,000 procedures for soft tissue fillers between 50 and 70 years of age. Furthermore, Major players in the electrosurgical device industry, rapid adoption of advanced technologies, a large number of skilled professionals, and increased awareness of minimally invasive surgical procedures in the region is anticipated to drive bipolar electrosurgical device market growth over the forecast period.
Author Credits: Radhika Gupta, Shivam Bhutani
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