Surgical energy instruments market will surpass $20 billion in 2033: GlobalData

GlobalData’s latest report, “Surgical Energy Instruments Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033,” visualises quantitative market trends within the surgical energy instruments market

The market potential for surgical energy devices is significant, driven by factors such as the increasing prevalence of chronic diseases and the surging demand for minimally invasive procedures. The surgical energy instruments market is poised to witness a compound annual growth rate (CAGR) of 7.1 per cent from $10.2 billion in 2023 to $20.2 billion in 2033, forecasts GlobalData.

GlobalData’s latest report, “Surgical Energy Instruments Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033,” visualises quantitative market trends within the surgical energy instruments market.

Tina Deng, MSc, Principal Medical Devices Analyst, GlobalData comments, “Radio frequency (RF) generators with monopolar and bipolar devices will continue to dominate the surgical energy market. However, there is a high adoption rate for advanced energy within the surgical energy space. Advanced surgical energy devices offer several advantages over traditional surgical techniques, including reduced bleeding, shorter procedure times, and improved precision.

“As technology continues to advance, surgical energy devices are expected to become even more sophisticated and versatile. This in turn will increase the number of cryoablation and microwave devices globally. Niche products such as irreversible electroporation generators and devices will continue to see usage in very specific procedures, but GlobalData does not expect these devices to become commoditised in the near future.”

Surgical energy instruments are used in numerous procedures spanning across multiple therapeutic areas and fields of expertise, including gynecology, urology, oncology, and cardiovascular. They are used whenever tissue needs to be cut, coagulated, or sealed with minimal blood loss in both open surgery and laparoscopic procedures.

Deng concludes, “Key innovations in thermal ablation devices, electrosurgical generators, RF micro needling devices, laparoscopic instruments, and hyperthermia medical devices are shaping the market. The latest developments in surgical energy devices have focused on improving ergonomics, enhancing cutting and coagulation capabilities, and addressing the risks associated with energy-related smoke.”