Ultrasonic Electrosurgical Devices Market Size, Share, Industry Trends and Forecast to 2030

Ultrasonic Electrosurgical Devices Market Size & CAGR in 2021

The global ultrasonic electrosurgical devices market is expected to grow at a CAGR of 5.2% from 2021 to 2028. The market size is projected to reach USD 2.5 billion by 2028.

COVID-19 Impact on the Ultrasonic Electrosurgical Devices Market

The COVID-19 pandemic had a significant impact on the ultrasonic electrosurgical devices market. With healthcare facilities overwhelmed and elective surgeries postponed, the market experienced a temporary slowdown in 2020. However, as healthcare services resumed and the demand for minimally invasive surgical procedures increased, the market began to recover in 2021.

Ultrasonic Electrosurgical Devices Dynamics

The global ultrasonic electrosurgical devices market is driven by the increasing prevalence of chronic diseases, technological advancements in surgical devices, and the growing adoption of minimally invasive procedures. Additionally, the rising geriatric population and the demand for advanced surgical techniques are contributing to the market growth.

Segments and Related Analysis

The ultrasonic electrosurgical devices market is segmented based on product type, application, end-user, and region. The product type segment includes generators, handpieces, electrodes, and accessories. The application segment comprises general surgery, gynecology, urology, orthopedic surgery, and others. The end-user segment covers hospitals, ambulatory surgical centers, and specialty clinics.

By Region Analysis

The ultrasonic electrosurgical devices market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to the presence of well-established healthcare infrastructure and the increasing adoption of advanced surgical techniques. Asia Pacific is anticipated to witness significant growth driven by the rising healthcare expenditure and the growing demand for minimally invasive surgeries.

Key Market Players and Competitive Landscape

Key players in the ultrasonic electrosurgical devices market include Johnson & Johnson, Medtronic, Olympus Corporation, Boston Scientific Corporation, Ethicon, Inc., CONMED Corporation, BOWA-electronic GmbH & Co. KG, Söring GmbH, and BOWA-electronic GmbH & Co. KG. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position.

Recent Happenings in the Ultrasonic Electrosurgical Devices Market

In recent years, the ultrasonic electrosurgical devices market has witnessed several developments such as product launches, collaborations, and advancements in surgical technology. Companies are investing in research and development to introduce innovative devices that offer improved precision, safety, and efficiency in surgical procedures. These developments are reshaping the landscape of the ultrasonic electrosurgical devices market and driving growth in the industry.