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. According to GlobalData analysis, the surgical energy instruments market was valued at $10.2 billion in 2023 and is projected to reach $20.2 billion by 2033 with a compound annual growth rate (CAGR) of 7.1%.
Electrosurgery makes use of high-frequency electrical current to coagulate, cut, desiccate, fulgurate, ablate and shrink tissue. It can be performed using radiofrequency, microwave, cryoablation and irreversible electroporation in conjunction with a specialised instrument. Surgical energy instruments are used in multiple therapeutic areas and fields of expertise including gynaecology, urology, oncology and cardiovascular medicine. They are used whenever tissue needs to be cut, coagulated or sealed with minimal blood loss in both open surgery and laparoscopic procedures
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Devices will become even more sophisticated and versatile
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.
Key innovations in thermal ablation devices, electrosurgical generators, RF microneedling 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. These advancements offer benefits to healthcare professionals in terms of improved workflow, reduced physical discomfort and cost reduction. However, challenges such as high costs, surgeon training, regulatory requirements and the availability of alternative treatments may affect market growth.
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