Ultrasonic Electrosurgical Devices Market (By Product: Generators, Consumables; By Type : High-intensity Focused Ultrasonic (HIFU) Ablators, Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators, Ultrasonic Surgical Ablation Systems, Shock Wave Therapy Systems; By Application : Cardiology, Gynecology, General Surgery, Urology, Bariatric Surgery; By End-use: Hospitals, Ambulatory Surgical Centers, Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global ultrasonic electrosurgical Devices market gathered revenue around USD 4.80 billion in 2021 and market is set to grow USD 8.10 billion by the end of 2030 and is estimated to expand at a modest CAGR of 5.24% during the prediction period 2022 to 2030.

Growth Factors:

The increasing number 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. In addition, increasing demand for patient safety during complex surgical operations has led to the growing adoption of ultrasonic electrosurgical devices. The presence of a large number of players and their growing number of strategic initiatives to enhance their product portfolios are projected to boost the market growth.

The 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. This is expected to contribute to the market growth. The presence of a large number of players and the growing number of strategic initiatives by the players to enhance their product portfolios are 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 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 ultrasonic electrosurgical devices. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for the market players over the forecast period.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Ultrasonic Electrosurgical Devices market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Ultrasonic Electrosurgical Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 8.10 billion by 2030
Growth Rate CAGR of 5.24% From 2022 to 2030
Base Year 2021
Forecast Period 2022 to 2030
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Product, type, application, end use, Region Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc.; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical; ITALIA MEDICA SRL; SonaCare Medical; Miconvey 

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Ultrasonic Electrosurgical Devices market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional Insights:

North America accounted for the largest revenue share of over 36.0% in 2021. This growth can be mainly attributed to the increasing number of preventive surgeries, the growing burden of chronic disorders, such as cancer, diabetes, and autoimmune diseases, the increasing adoption of technologically advanced devices, and the rising preference for minimally invasive surgical procedures.

Asia Pacific is expected to register the fastest growth rate during the forecast period. This growth can be attributed to various factors such as the high adoption of advanced technologies, the rising prevalence of chronic disorders, the increasing reimbursement scenario, the presence of a large geriatric population, the growing demand for minimally invasive procedures over traditional methods, and the increased need for laparoscopic surgery. In addition, key market players usually invest in developing countries to establish their footprint in the new marketplace to meet the large demand for ultrasonic electrosurgery devices.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Ultrasonic Electrosurgical Devices Market include:  Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc.; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical; ITALIA MEDICA SRL; SonaCare Medical; Miconvey

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

  • By Product
    • Generators
    • Consumables
  • By Type
    • High-intensity Focused Ultrasonic (HIFU) Ablators
    • Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
    • Ultrasonic Surgical Ablation Systems
    • Shock Wave Therapy Systems
  • By Application
    • Cardiology
    • Gynecology
    • General Surgery
    • Urology
    • Bariatric Surgery
    • Others
  • By End-use
    • Hospitals
    • Ambulatory Surgical Centers
    • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Ultrasonic Electrosurgical Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Ultrasonic Electrosurgical Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Ultrasonic Electrosurgical Devices markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Ultrasonic Electrosurgical Devices Market Study:

  • Growth of Ultrasonic Electrosurgical Devices in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Ultrasonic Electrosurgical Devices and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Ultrasonic Electrosurgical Devices Consumption Analysis
  •  Ultrasonic Electrosurgical Devices Production Analysis
  •  Ultrasonic Electrosurgical Devices and Management