Global Electrosurgical Pencil Market Anticipated to Reach US$ 653.42 Million by 2032

According to a recent market study published by Growth Market Reports, titled, “Global Electrosurgical Pencil Market By Type, By Electrode Tips Type, By Feature, By Configuration, By Usability, By Application, By End-user, and By Region: Size, Share, Trends and Opportunity Analysis, 2017-2032”, the market was valued at US$ 360.60 Million in 2023 and is anticipated to expand at a growth rate of 7.0% by 2032.

The electrosurgical pencil is a handheld device, granting a surgeon meticulous control over the application of electrical energy to the surgical field. Electrosurgical pencil serves as an essential technology within electrosurgery, enabling surgeons to perform intricate procedures with high precision, improved hemostasis, and minimized blood loss. Electrosurgical pencils are extensively employed across various surgical disciplines, including general surgery, gynecology, orthopedics, and dermatology.

Electrosurgical procedures require precise control to minimize damage to surrounding tissues. AI-powered electrosurgical pencils can offer real-time feedback and adjustment based on the tissue type, improving the accuracy of the procedure and reducing the risk of complications.

Get Sample Report @ https://growthmarketreports.com/request-sample/6669

The global electrosurgical pencil market has been segmented in terms of type, electrode tips type, feature, configuration, usability, application end-user. In terms of type, the global electrosurgical pencil market is segmented into monopolar electrosurgical pencils, and bipolar electrosurgical pencils. On the basis of electrode tips type, the market is segregated into knife electrode/blade, blunt electrode, needle electrode, loop electrode, & others. Based on feature, the market is classified as smoke evacuation technology and without smoke evacuation technology. Based on configuration market is segmented into hand-switching, foot-switching, and rocker switching. Based on usability market is categorized as disposable and reusable. Based on application market is fragmented into general surgery, gynecology surgery, urology surgery, orthopedic surgery, spine surgery, cosmetic surgery, & others. In terms of end-user the market is segmented into hospitals and ambulatory surgical centers (ASCS). Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The COVID-19 pandemic presented both challenges and opportunities in the electrosurgical pencil market. The market was hampered during the initial phase of the pandemic, due to supply chain disruptions. However, continued research holds the promise of significant breakthroughs. The increasing preference for Minimal Invasive Surgery (MIS), due to its fast recovery times and reduced patient discomfort, is expected to propel the demand for electrosurgical pencils during the forecast period. The electrosurgical pencil market is poised for steady growth, due to continuous technological advancements, a growing surgical procedures base, and increasing emphasis on surgical safety.

Key Takeaways from the Study:

• Players in the global electrosurgical pencil market include Advin Health Care; Baisheng Medical Co.,Ltd; OBS; CONMED Corporation; DeRoyal Industries; Johnson & Johnson (Ethicon US, LLC.); Medline; Medtronic; Naugra; Purple Surgical; Shining World Health Care Co. Ltd.; Suzhou Sunmed Co., Ltd.; Zhejiang Shuyou Surgical Instrument Co., Ltd., and others.

• Based on type, the electrosurgical pencil market is segmented into monopolar electrosurgical pencils and bipolar electrosurgical pencils.  The Monopolar Electrosurgical Pencils segment held 60.4% share of the market in 2023 and is expected to expand at a CAGR of 6.9% during the forecast period as it offers surgeons a precise and controlled method for achieving both tissue dissection and hemostasis.

• In terms of electrode tips type, the electrosurgical pencil market is segmented into knife electrode / blade, blunt electrode, needle electrode, loop electrode, & others. The Knife Electrode/Blade segment held 26.8% share of the market in 2022 and is expected to expand at a CAGR of 6.8% during the forecast period, as it offers a sharp, scalpel-like cutting surface for precise dissection and coagulation of tissues.

• On the basis of feature, the electrosurgical pencil market is segmented into with smoke evacuation technology and without smoke evacuation technology. The with smoke evacuation technology segment held 56.8% share of the market in 2022 and is expected to expand at a CAGR of 7.2% during the forecast period as smoke evacuation reduce the risk of postoperative infections and respiratory issues for patients.

• Based on configuration, the electrosurgical pencil market is segmented into hand switching, foot switching and rocker switching. The hand switching segment held a 58.6% share of the market in 2022 and is expected to expand at a CAGR of 6.9% during the forecast period as it improves surgical efficiency and minimizes instrument exchanges.

• On the basis of usability, the electrosurgical pencil market is segmented into disposable and reusable. The disposable segment held 55.6% share of the market in 2022 and is expected to expand at a CAGR of 6.8% during the forecast period as reduce the risk of infection and eliminate the risk of cross-contamination between patients.

• Based on application, the electrosurgical pencil market is segmented into general surgery, gynecology surgery, urology surgery, orthopedic surgery, spine surgery, cosmetic surgery, & others. The Orthopedic Surgery segment held a 23.1% share of the market in 2022 and is expected to expand at a CAGR of 7.6% during the forecast period as electrosurgical pencil is used in general surgery to cut and coagulate tissue.

• On the basis of end-user, the electrosurgical pencil market is segmented into hospitals and ambulatory surgical centers (ASCS). The hospitals segment held 66.2% share of the market in 2022 and is expected to expand at a CAGR of 6.9% during the forecast period due to the presence of highly skilled surgeons and other trained practitioners across the globe.

• Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America held a 38.0% share of the market in 2022 and is expected to expand at a CAGR of 6.9% during the forecast period. Rising adoption of electrosurgical pencil during surgical procedures in North America is expected to contribute to the growth of the market in the coming years.

Key Developments

• In June 2022, CONMED Corporation announced that it has completed the acquisition of privately-held In2Bones Global Inc. The acquired company is a global developer, manufacturer, and distributor of medical devices for the treatment of disorders and injuries of the upper (hand, wrist, elbow) and lower (foot and ankle) extremities.

Report Scope:

Target Audience:

• Supply-side: Manufacturers, End-users/Applications

• Regulatory Side: Concerned government authorities, and other approved regulatory bodies.

  • • United States Food and Drug Administration (FDA)

    • European Union (EU)

    • Medicines and Healthcare Products Regulatory Agency (MHRA)

    • National Research Foundation of Korea (NRF)