The global Vessel Sealing Devices market gathered revenue around USD 4.2 Billion in 2020 and market is set to grow USD 6.39 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 5.0% during the prediction period 2021 to 2027.
Vessel sealing devices are used to seal the vessel wall by denaturing the collagen and elastin in the wall and completely occluding the blood vessel. Most common energy-based devices such as bipolar, ultrasonic, and hybrid are used in surgeries. Major factors expected to drive the global vessel sealing devices market during the forecast period include an increase in the global geriatric population, rise in the prevalence of accidental surgeries, and advancements in vessel sealing devices with minimal invasive surgeries.
North America held a major share of the global vessel sealing devices market in 2020, due to the presence of a large number of key players, rise in adoption of robotic-assisted vessel sealing devices, and increase in research funding for vessel sealing devices in the U.S.
The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global vessel sealing devices market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global vessel sealing devices market.
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 Vessel Sealing 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 Vessel Sealing Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
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.
Vessel Sealing Devices market report empower 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.
Vessel Sealing Devices Market: Regional Outlook
In terms of region, the global vessel sealing devices market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.
The vessel sealing devices market report provides value and forecast for each region and country/sub-region from 2017 to 2027. The compound annual growth rates (CAGRs) for each of these regions and countries have also been provided for the forecast period from 2021 to 2027. The vessel sealing devices market study also covers the competitive scenario in these regions.
Report Highlights | Details |
Market Size | US$ 6.39 Billion by 2027 |
Growth Rate | CAGR of 5.0% From 2021 to 2027 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2027 |
Segments Covered | Surgery,Product,Application,Energy,End User |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Medtronic, Olympus Corporation, OmniGuide Holdings, Inc., Bolder Surgical, LLC, B. Braun Melsungen AG, Medical Devices Business Services, Inc., KLS Martin Group, Erbe Elektromedizin GmbH, Boston Scientific Corporation, BOWA-electronic GmbH & Co. KG, CONMED Corporation, Symmetry Surgical, XCELLANCE Medical Technologies, and LAMIDEY NOURY.FR. |
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.
Some of the prominent players in the Vessel Sealing Devices Market include: Medtronic, Olympus Corporation, OmniGuide Holdings, Inc., Bolder Surgical, LLC, B. Braun Melsungen AG, Medical Devices Business Services, Inc., KLS Martin Group, Erbe Elektromedizin GmbH, Boston Scientific Corporation, BOWA-electronic GmbH & Co. KG, CONMED Corporation, Symmetry Surgical, XCELLANCE Medical Technologies, and LAMIDEY NOURY.FR.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Vessel Sealing Devices Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Vessel Sealing 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 Vessel Sealing 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 Vessel Sealing 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:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Vessel Sealing Devices market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vessel Sealing Devices Market, By Surgery
7.1. Vessel Sealing Devices Market, by Surgery, 2021-2027
7.1.1. Accessories
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Open Surgery
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Vessel Sealing Devices Market, By Product
8.1. Vessel Sealing Devices Market, by Product, 2021-2027
8.1.1. Generators
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Instruments
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Accessories
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Vessel Sealing Devices Market, By Application
9.1. Vessel Sealing Devices Market, by Application, 2021-2027
9.1.1. General Surgery
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Urological Surgery
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Urological Surgery
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Gynecology Surgery
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Orthopedic Surgery
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Vessel Sealing Devices Market, By Energy
10.1. Vessel Sealing Devices Market, by Energy, 2021-2027
10.1.1. Bipolar
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Ultrasonic
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Hybrid
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Vessel Sealing Devices Market, By End User
11.1. Vessel Sealing Devices Market, by End User, 2021-2027
11.1.1. Hospitals & Ambulatory Surgical Centers
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Speciality Clinics
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 12.Global Vessel Sealing Devices Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.1.2. Market Revenue and Forecast, by Product (2016-2027)
12.1.3. Market Revenue and Forecast, by Application (2016-2027)
12.1.4. Market Revenue and Forecast, by Energy (2016-2027)
12.1.5. Market Revenue and Forecast, by End User (2016-2027)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.1.6.2. Market Revenue and Forecast, by Product (2016-2027)
12.1.6.3. Market Revenue and Forecast, by Application (2016-2027)
12.1.6.4. Market Revenue and Forecast, by Energy (2016-2027)
12.1.6.5. Market Revenue and Forecast, by End User (2016-2027)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.1.7.2. Market Revenue and Forecast, by Product (2016-2027)
12.1.7.3. Market Revenue and Forecast, by Application (2016-2027)
12.1.7.4. Market Revenue and Forecast, by Energy (2016-2027)
12.1.7.5. Market Revenue and Forecast, by End User (2016-2027)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.2.2. Market Revenue and Forecast, by Product (2016-2027)
12.2.3. Market Revenue and Forecast, by Application (2016-2027)
12.2.4. Market Revenue and Forecast, by Energy (2016-2027)
12.2.5. Market Revenue and Forecast, by End User (2016-2027)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.2.6.2. Market Revenue and Forecast, by Product (2016-2027)
12.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
12.2.6.4. Market Revenue and Forecast, by Energy (2016-2027)
12.2.6.5. Market Revenue and Forecast, by End User (2016-2027)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.2.7.2. Market Revenue and Forecast, by Product (2016-2027)
12.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
12.2.7.4. Market Revenue and Forecast, by Energy (2016-2027)
12.2.7.5. Market Revenue and Forecast, by End User (2016-2027)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.2.8.2. Market Revenue and Forecast, by Product (2016-2027)
12.2.8.3. Market Revenue and Forecast, by Application (2016-2027)
12.2.8.4. Market Revenue and Forecast, by Energy (2016-2027)
12.2.8.5. Market Revenue and Forecast, by End User (2016-2027)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.2.9.2. Market Revenue and Forecast, by Product (2016-2027)
12.2.9.3. Market Revenue and Forecast, by Application (2016-2027)
12.2.9.4. Market Revenue and Forecast, by Energy (2016-2027)
12.2.9.5. Market Revenue and Forecast, by End User (2016-2027)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.3.2. Market Revenue and Forecast, by Product (2016-2027)
12.3.3. Market Revenue and Forecast, by Application (2016-2027)
12.3.4. Market Revenue and Forecast, by Energy (2016-2027)
12.3.5. Market Revenue and Forecast, by End User (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.3.6.2. Market Revenue and Forecast, by Product (2016-2027)
12.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
12.3.6.4. Market Revenue and Forecast, by Energy (2016-2027)
12.3.6.5. Market Revenue and Forecast, by End User (2016-2027)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.3.7.2. Market Revenue and Forecast, by Product (2016-2027)
12.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
12.3.7.4. Market Revenue and Forecast, by Energy (2016-2027)
12.3.7.5. Market Revenue and Forecast, by End User (2016-2027)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.3.8.2. Market Revenue and Forecast, by Product (2016-2027)
12.3.8.3. Market Revenue and Forecast, by Application (2016-2027)
12.3.8.4. Market Revenue and Forecast, by Energy (2016-2027)
12.3.8.5. Market Revenue and Forecast, by End User (2016-2027)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.3.9.2. Market Revenue and Forecast, by Product (2016-2027)
12.3.9.3. Market Revenue and Forecast, by Application (2016-2027)
12.3.9.4. Market Revenue and Forecast, by Energy (2016-2027)
12.3.9.5. Market Revenue and Forecast, by End User (2016-2027)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.4.2. Market Revenue and Forecast, by Product (2016-2027)
12.4.3. Market Revenue and Forecast, by Application (2016-2027)
12.4.4. Market Revenue and Forecast, by Energy (2016-2027)
12.4.5. Market Revenue and Forecast, by End User (2016-2027)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.4.6.2. Market Revenue and Forecast, by Product (2016-2027)
12.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
12.4.6.4. Market Revenue and Forecast, by Energy (2016-2027)
12.4.6.5. Market Revenue and Forecast, by End User (2016-2027)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.4.7.2. Market Revenue and Forecast, by Product (2016-2027)
12.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
12.4.7.4. Market Revenue and Forecast, by Energy (2016-2027)
12.4.7.5. Market Revenue and Forecast, by End User (2016-2027)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.4.8.2. Market Revenue and Forecast, by Product (2016-2027)
12.4.8.3. Market Revenue and Forecast, by Application (2016-2027)
12.4.8.4. Market Revenue and Forecast, by Energy (2016-2027)
12.4.8.5. Market Revenue and Forecast, by End User (2016-2027)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.4.9.2. Market Revenue and Forecast, by Product (2016-2027)
12.4.9.3. Market Revenue and Forecast, by Application (2016-2027)
12.4.9.4. Market Revenue and Forecast, by Energy (2016-2027)
12.4.9.5. Market Revenue and Forecast, by End User (2016-2027)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.5.2. Market Revenue and Forecast, by Product (2016-2027)
12.5.3. Market Revenue and Forecast, by Application (2016-2027)
12.5.4. Market Revenue and Forecast, by Energy (2016-2027)
12.5.5. Market Revenue and Forecast, by End User (2016-2027)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.5.6.2. Market Revenue and Forecast, by Product (2016-2027)
12.5.6.3. Market Revenue and Forecast, by Application (2016-2027)
12.5.6.4. Market Revenue and Forecast, by Energy (2016-2027)
12.5.6.5. Market Revenue and Forecast, by End User (2016-2027)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Surgery (2016-2027)
12.5.7.2. Market Revenue and Forecast, by Product (2016-2027)
12.5.7.3. Market Revenue and Forecast, by Application (2016-2027)
12.5.7.4. Market Revenue and Forecast, by Energy (2016-2027)
12.5.7.5. Market Revenue and Forecast, by End User (2016-2027)
Chapter 13. Company Profiles
13.1. Medtronic
13.1.1. Company Overview
13.1.2. Product Energys
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Olympus Corporation
13.2.1. Company Overview
13.2.2. Product Energys
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Olympus Corporation
13.3.1. Company Overview
13.3.2. Product Energys
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Olympus Corporation
13.4.1. Company Overview
13.4.2. Product Energys
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. B. Braun Melsungen AG
13.5.1. Company Overview
13.5.2. Product Energys
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Medical Devices Business Services, Inc.
13.6.1. Company Overview
13.6.2. Product Energys
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. KLS Martin Group
13.7.1. Company Overview
13.7.2. Product Energys
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Erbe Elektromedizin GmbH
13.8.1. Company Overview
13.8.2. Product Energys
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Erbe Elektromedizin GmbH
13.9.1. Company Overview
13.9.2. Product Energys
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. BOWA-electronic GmbH & Co. KG
13.10.1. Company Overview
13.10.2. Product Energys
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. CONMED Corporation
13.11.1. Company Overview
13.11.2. Product Energys
13.11.3. Financial Performance
13.11.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms