Ultrasonic Electrosurgical Devices Market Size, Share & Trends Analysis Report, By Product (Generators, Consumables), By Type, By Application, By End-use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

The global ultrasonic electrosurgical devices market size was exhibited at USD 3.60 billion in 2023 and is projected to hit around USD 6.12 billion by 2033, growing at a CAGR of 5.45% during the forecast period of 2024 to 2033.

Ultrasonic Electrosurgical Devices Market Size 2024 To 2033

Key Takeaways:

  • The ultrasonic electrosurgical consumable segment accounted for the largest revenue share of 56.7% in 2023.
  • The high-intensity focused ultrasonic (HIFU) ablators held the largest share of 40.0% in 2023.
  • Cardiology held the largest share of 28.8% in 2023.
  • The hospital segment captured the highest market share and will hold 48.5% of the market share in 2023.
  • North America accounted for the largest market share of 37.0% in 2023.

Ultrasonic Electrosurgical Devices Market Report Scope

 Report Coverage  Details
Market Size in 2024 USD 3.60 Billion
Market Size by 2033 USD 6.12 Billion
Growth Rate From 2024 to 2033 CAGR of 5.45%
Base Year 2023
Forecast Period 2024-2033
Segments Covered Product, Type, Application, End-Use, Region
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regional Scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Key Companies Profiled Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical,;ITALIA MEDICA SRL.; SonaCare Medical;  Miconvey.

 

The factors influencing market growth are the rising number of surgical procedures owing to the growing prevalence of chronic diseases, the rising adoption of minimally invasive surgeries, and developments in minimally invasive surgical techniques including laparoscopy, which 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 and the presence of a large number of players and the growing number of strategic initiatives to enhance their product portfolios are projected to boost market growth.

Technological development has led to an increase in the number of surgeries being performed each year. Owing to the risk of infections associated with invasive surgeries, people prefer noninvasive or minimally invasive surgeries. Furthermore, an increase in the number of road accidents, an aging population, and rising healthcare expenditure in emerging economies are among the factors likely to boost the number of surgical procedures during the forecast period. These are anticipated to positively influence revenue generation from ultrasonic electrosurgical devices. According to the U.S. Census Bureau, healthcare spending worldwide is anticipated to increase to USD 18.28 trillion by 2040, growing at a CAGR of 2.6%. According to WHO, the world’s population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. The geriatric population is more susceptible to a vast number of diseases, which is likely to increase the need to treat diseases effectively, thereby boosting the market.

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. For instance, according to National Cancer Institute, about 1,806,590 new cancer cases were diagnosed in the U.S. in 2023. In addition, according to the American Cancer Society, around 1.8 million new cancers were estimated to be diagnosed in the U.S. in 2023. Furthermore, the increasing incidence of cancer across the globe is predicted to boost the demand for ultrasonic electrosurgical devices.  For instance, according to the WHO, over 3.7 million new cancer cases are diagnosed each year in Europe. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for market players during the forecast period.

Furthermore, growing health initiatives and healthcare spending by the governments of developing and developed countries for the effective treatment of chronic disorders are expected to boost market growth. The Canadian government is investing heavily in establishing medical centers such as Centre Hospitalier Universitaire Sainte-Justine in Montreal, North Island Hospitals Project, and Centre Hospitalier de l'Université de Montréal. According to an article published by Charles E. Schumer, United States Senator for New York, VA outpatient surgical center in Monroe county received USD 6.9 million in funding for phase II development that will complement the new 84,000-square-foot VA community-based outpatient ambulatory surgical clinic. This funding was included in the president’s financial year budget. Thus, such government initiatives are expected to propel the growth of the market.

Product Insights

The ultrasonic electrosurgical consumable segment accounted for the largest revenue share of 56.7% in 2023. The ultrasonic electrosurgical consumables segment is further divided into electrosurgical handpieces, electrosurgical electrodes, electrosurgical scalpels, electrosurgical forceps, and electrosurgical pencils. The segment is growing rapidly due to the fact that they are generally disposable or have low durability compared to ultrasonic electrosurgical generators. Also, consumables are reusable in various surgical procedures and have a restricted usage cycle, hence contributing to the largest market share.

The ultrasonic electrosurgical generator segment is anticipated to grow at a lucrative growth rate during the forecast period. The generators pass an electric current through the patient’s body to conduct the surgery. Generators have different power levels and quality control measures to adjust pre-surgery, which takes care of the patient’s safety during the surgery. However, factors such as heavy initial costs, the need for repair and maintenance, and lengthy installation procedures of these devices in hospitals can impede the growth of the market.

Type Insights

The high-intensity focused ultrasonic (HIFU) ablators held the largest share of 40.0% in 2023. The segment is growing owing to various factors including lowered toxicity as compared with the other techniques of ablation, minimal pain due to non-invasiveness, low cost of procedure than surgery, suitable for patients with high risk as it involves a lower rate of anesthesia, faster recovery rate than the traditional surgical procedures, low risk of infection, and bleeding can be clogged with the help of ultrasound during the procedure.

Ultrasonic Electrosurgical Devices Market Share, By End-use, 2023 (%)

The ultrasonic surgical ablation systems are expected to be the fastest growing segment during the forecast period owing to the incidence of cardiovascular disorders, growing demand for minimally invasive cardiac surgeries for its treatment, rising prevalence of cancer and chronic pain, growing geriatric population, and technological advancements in the ultrasonic surgical ablation systems.

Application Insights

Cardiology held the largest share of 28.8% in 2023. The factors such as rising cases of cardiac disorders are expected to favor the market growth. As per the CDC, coronary heart disease is among the most common type of heart disease, and around 365,914 people died in 2017 due to this. Also, as per the WHO, about 17.9 million people die of cardiovascular disorders each year. Hence, the increasing prevalence of cardiovascular diseases globally is anticipated to boost market growth.

The gynecology segment is expected to show significant growth during the forecast period. Gynecology is a broader aspect of including all female reproductive organ disorders. These surgeries involve the use of surgical tools such as laparoscopes and hysteroscopies. The growing development of ultrasonic electrosurgical devices for gynecology by key players is expected to contribute towards segment growth.

End Use Insights

The hospital segment captured the highest market share and hold 48.5% market share in 2023. Hospital is the largest revenue-generating segment of the market, attributed to a huge number of cases and preventive surgical procedures being carried out in these settings. Around 125.7 million casualty department visits were reported in the U.S. with the surge in the number of surgeries, such as kidney & liver transplants and angioplasty. In addition, the presence of well-qualified medical experts in one place is fueling the market growth. Ambulatory Surgical Centers (ASCs) are projected to record the highest CAGR of 5.5% during the forecast period. This can be attributed to lower out-of-pocket costs, better patient accessibility, and decreased facility costs.

Regional Insights

North America accounted for the largest market share of 37.0% in 2023. This growth can mainly be attributed to the increasing number of preventive surgeries, and growing burden of chronic disorders such as cancer, diabetes, and autoimmune diseases, the increasing adoption of technologically advanced devices, and rising preference for minimally invasive surgical procedures.

Ultrasonic Electrosurgical Devices Market Share, By Region 2023 (%)

The Asia Pacific is expected to show the fastest growth rate of 5.89% 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 check the huge demand for ultrasonic electro-surgery devices.

Some of the prominent players in the ultrasonic electrosurgical device 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 report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global ultrasonic electrosurgical devices market.

Product

  • Generators
  • Consumables

Type

  • High-intensity Focused Ultrasonic (HIFU) Ablators
  • Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
  • Ultrasonic Surgical Ablation Systems
  • Shock Wave Therapy Systems

Application

  • Cardiology
  • Gynecology
  • General Surgery
  • Urology
  • Bariatric Surgery
  • Others

End Use

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global ultrasonic electrosurgical devices size was reached at USD 3.60 billion in 2023 and it is projected to hit around USD 6.12 billion by 2033.

The global ultrasonic electrosurgical devices is growing at a compound annual growth rate (CAGR) of 5.45% from 2024 to 2033.

The North America region has accounted for the largest Ultrasonic Electrosurgical Devices share in 2023.

The major players operating in the ultrasonic electrosurgical devices market are Ethicon - Endo-Surgery; Olympus Corporation; Medtronic; Misonix Inc; BOWA-electronic GmbH; Söring GmbH; Advanced Instrumentations; Reach Surgical,;ITALIA MEDICA SRL.; SonaCare Medical; Miconvey.

Chapter 1. Methodology and Scope

1.1 Market Segmentation & Scope

1.1.1 Product

1.1.2 Type

1.1.3 Application

1.1.4 End Use

1.1.5 Regional Scope

1.1.6 Estimates and Forecast Timeline

1.2 Research Methodology

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 Internal Database

1.3.3 Secondary Sources

1.3.4 Primary Research

1.3.5 Details of Primary Research

1.3.5.1 Data for primary interviews in North America

1.3.5.3 Data for Primary Interviews in Europe

1.3.5.4 Data for Primary Interviews in APAC

1.3.5.6 Data for Primary Interviews in Latin America

1.3.5.8 Data for Primary Interviews in MEA

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Validation

1.6 Model Details

1.6.1 Commodity Flow Analysis (Model 1)

1.6.1.1 Approach 1: Commodity Flow Approach

1.6.2 Volume Price Analysis (Model 2)

1.6.2.1 Approach 2: Volume Price Analysis

1.7 List of Secondary Sources

1.8 List of Abbreviations

1.9 Objectives

1.9.1 Objective 1

1.9.2 Objective 2

1.9.3 Objective 3

1.9.4 Objective 4

Chapter 2 Executive Summary

2.1 Market Outlook

Chapter 3 Ultrasonic Electrosurgical Devices Market Variables, Trends & Scope

3.1 Penetration & Growth Prospect Mapping

3.2 Market Dynamics

3.2.1 Market Drivers Analysis

3.2.1.1 Increasing prevalence of chronic diseases

3.2.1.2 Increasing geriatric population

3.2.1.3 Growing number of surgical procedures

3.2.2 Market Restraint Analysis

3.2.2.1 Stringent regulatory approvals

3.2.3 Market Challenge Analysis

3.2.3.1 Risks associated with ultrasonic electrosurgical procedures

3.2.4 Market Opportunity Analysis

3.2.4.1 Growing adoption of the ultrasonic electrosurgical devices

3.3 Ultrasonic Electrosurgical Devices: Market Analysis Tools

3.3.1 SWOT Analysis by PESTEL

3.3.2 Industry Analysis-Porter’s

3.4 Impact of COVID-19

3.4.1 COVID-19 Impact analysis

3.4.2 Impact on market players

3.5 Pipeline Analysis

3.5.1 Phase I

3.5.2 Phase III

3.5.3 Phase IV

Chapter 4 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Product, 2024 - 2033

4.1 Definitions and Scope

4.2 Type Market Share Analysis

4.3 Segment Dashboard

4.4 Ultrasonic Electrosurgical Devices Market by Product

4.5 Market Size & Forecasts and Trend Analyses, 2024 to 2033 for the following

4.5.1 Generators

4.5.1.1 Generators Market Estimates and Forecast, 2021 - 2033

4.5.2 Consumables

4.5.2.1 Consumables Market Estimates and Forecast, 2021 - 2033

Chapter 5 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Type, 2021 - 2033

5.1 Definitions and Scope

5.2 Product Market Share Analysis

5.3 Segment Dashboard

5.4 Ultrasonic Electrosurgical Devices Market by Type

5.5 Market Size & Forecasts and Trend Analyses, 2024 to 2033 for the following

5.5.1 High-intensity Focused Ultrasonic (HIFU) Ablators

5.5.1.1 High-intensity Focused Ultrasonic (HIFU) Ablators Market Estimates and Forecast, 2021 - 2033

5.5.2 Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators

5.5.2.1 Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators Market Estimates and Forecast, 2021 - 2033

5.5.3 Ultrasonic Surgical Ablation Systems

5.5.3.1 Ultrasonic Surgical Ablation Systems Market Estimates and Forecast, 2021 - 2033

5.5.4 Shock Wave Therapy Systems

5.5.4.1 Shock Wave Therapy Systems Market Estimates and Forecast, 2021 - 2033

Chapter 6 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By Application, 2024 - 2033

6.1 Definitions and Scope

6.2 Application Market Share Analysis

6.3 Segment Dashboard

6.4 Ultrasonic Electrosurgical Devices Market by Application

6.5 Market Size & Forecasts and Trend Analyses, 2024 to 2033 for the following

6.5.1 Cardiology

6.5.1.1 Cardiology Market Estimates and Forecast, 2021 - 2033

6.5.2 Gynecology

6.5.2.1 Gynecology Market Estimates and Forecast, 2021 - 2033

6.5.3 General Surgery

6.5.3.1 General Surgery Market Estimates and Forecast, 2021 - 2033

6.5.4 Urology

6.5.4.1 Urology Market Estimates and Forecast, 2021 - 2033

6.5.5 Bariatric Surgery

6.5.5.1 Bariatric Surgery Market Estimates and Forecast, 2021 - 2033

6.5.6 Others

6.5.6.1 Others Market Estimates and Forecast, 2021 - 2033

Chapter 7 Ultrasonic Electrosurgical Devices Market: Segment Analysis, By End Use, 2024 - 2033

7.1 Definitions and Scope

7.2 End-Use Market Share Analysis

7.3 Segment Dashboard

7.4 Ultrasonic Electrosurgical Devices Market by End Use

7.5 Market Size & Forecasts and Trend Analyses, 2024 to 2033 for the following

7.5.1 Hospitals

7.5.1.1 Hospitals Market Estimates and Forecast, 2021 - 2033

7.5.2 Ambulatory surgery centers (ASCs)

7.5.2.1 Ambulatory Surgery Centers Market Estimates and Forecast, 2021 - 2033

7.5.3 Clinics

7.5.3.1 Clinics Market Estimates and Forecast, 2021 - 2033

7.5.4 Others

7.5.4.1 Others Market Estimates and Forecast, 2021 - 2033

Chapter 8 Ultrasonic Electrosurgical Devices Market: Regional Market Analysis, 2024 - 2033

8.1 Regional Market Dashboard

8.2 Definitions and Scope

8.3 Regional Market Share Analysis

8.4 North America

8.4.1 North America Market estimates and forecast, 2021 - 2033

8.4.2 U.S.

8.4.2.1 U.S. market estimates and forecast, 2021 - 2033

8.4.3 Canada

8.4.3.1 Canada market estimates and forecast, 2021 - 2033

8.5 Europe

8.5.1 Europe market estimates and forecast, 2021 - 2033

8.5.2 U.K.

8.5.2.1 U.K. market estimates and forecast, 2021 - 2033

8.5.3 Germany

8.5.3.1 Germany market estimates and forecast, 2021 - 2033

8.5.4 France

8.5.4.1 France market estimates and forecast, 2021 - 2033

8.5.5 Italy

8.5.5.1 Italy market estimates and forecast, 2021 - 2033

8.5.6 Spain

8.5.6.1 Spain market estimates and forecast, 2021 - 2033

8.6 Asia Pacific

8.6.1 Asia Pacific market estimates and forecast, 2021 - 2033

8.6.2 India

8.6.2.1 India market estimates and forecast, 2021 - 2033

8.6.3 Japan

8.6.3.1 Japan Market estimates and forecast, 2021 - 2033

8.6.4 China

8.6.4.1 China Market estimates and forecast, 2021 - 2033

8.6.5 Australia

8.6.5.1 Australia Market estimates and forecast, 2021 - 2033

8.6.6 South Korea

8.6.6.1 South Korea Market estimates and forecast, 2021 - 2033

8.7 Latin America

8.7.1 Latin America market estimates and forecast, 2021 - 2033

8.7.2 Mexico

8.7.2.1 Mexico Market estimates and forecast, 2021 - 2033

8.7.3 Brazil

8.7.3.1 Brazil market estimates and forecast, 2021 - 2033

8.7.4 Argentina

8.7.4.1 Argentina market estimates and forecast, 2021 - 2033

8.7.5 Colombia

8.7.5.1 Colombia market estimates and forecast, 2021 - 2033

8.8 Middle East and Africa

8.8.1 Middle East And Africa Market estimates and forecast, 2021 - 2033

8.8.2 South Africa

8.8.2.1 South Africa market estimates and forecast, 2021 - 2033

8.8.3 Saudi Arabia

8.8.3.1 Saudi Arabia market estimates and forecast, 2021 - 2033

Chapter 9 Ultrasonic Electrosurgical Devices Market - Competitive Analysis

9.1 Kind of Competition

9.2 Concentration of Market Players

9.3 Company Market Share Analysis

9.4 Categorization based on the Company’s Vision

9.5 Company Profiles

9.5.1 Medtronic

9.5.1.1 Company overview

9.5.1.2 Financial performance

9.5.1.3 Product benchmarking

9.5.1.4 Strategic initiatives

9.5.2 Ethicon Endo-Surgery

9.5.2.1 Company overview

9.5.2.2 Financial performance

9.5.2.3 Product benchmarking

9.5.2.4 Strategic initiatives

9.5.3 Olympus Corporation

9.5.3.1 Company overview

9.5.3.2 Financial performance

9.5.3.3 Product benchmarking

9.5.3.4 Strategic initiatives

9.5.4 Misonix Inc

9.5.4.1 Company overview

9.5.4.2 Financial performance

9.5.4.3 Product benchmarking

9.5.4.4 Strategic initiatives

9.5.5 BOWA-electronic GmbH & Co. KG

9.5.5.1 Company overview

9.5.5.2 Financial performance

9.5.5.3 Product benchmarking

9.5.5.4 Strategic initiatives

9.5.6 Söring GmbH

9.5.6.1 Company overview

9.5.6.2 Financial performance

9.5.6.3 Product benchmarking

9.5.6.4 Strategic initiatives

9.5.7 Advanced Instrumentations

9.5.7.1 Company overview

9.5.7.2 Financial performance

9.5.7.3 Product benchmarking

9.5.7.4 Strategic initiatives

9.5.8 Reach Surgical

9.5.8.1 Company overview

9.5.8.2 Financial performance

9.5.8.3 Product benchmarking

9.5.8.4 Strategic initiatives

9.5.9 ITALIA MEDICA SRL.

9.5.9.1 Company overview

9.5.9.2 Financial performance

9.5.9.3 Product benchmarking

9.5.9.4 Strategic initiatives

9.5.10 SonaCare Medical, LLC.

9.5.10.1 Company overview

9.5.10.2 Financial performance

9.5.10.3 Product benchmarking

9.5.10.4 Strategic initiatives

9.5.11 Sring GmbH

9.5.11.1 Company overview

9.5.11.2 Financial performance

9.5.11.3 Product benchmarking

9.5.11.4 Strategic initiatives

9.5.12 Miconvey

9.5.12.1 Company overview

9.5.12.2 Financial performance

9.5.12.3 Product benchmarking

 

9.5.12.4 Strategic initiatives

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