Global Bipolar Forceps Market Outlook 2031
The global bipolar forceps market size was USD 891.10 Million in 2022 and is projected to reach USD 1.34 Billion by 2031 expand at substantial CAGR 4.7% during the forecast period, between 2023 - 2031. Bipolar forceps are linked to a bipolar cable that offers bipolar power provided by an electrosurgical generator; hence they were named as bipolar forceps.
The bipolar cable is connected at the back of the forceps. The electrical current provided to the bipolar forceps is not constant and is controlled by the surgeon, with a switch or pump to turn on the current when needed. Bipolar forceps are used as surgical forceps when current is not flowing in it.
Bipolar forceps are designed to hold, move, and coagulate particular tissue. They are designed to have two tips. The electric current alternates between these tips, resulting in reduction of the length of the current's path and producing a precise, controlled therapeutic effect. The bipolar forceps market is fueled by factors such as safety, remarkable control, and surgical efficiency at minimum output power settings.
Bipolar Forceps Market Trends, Drivers, Restraints, and Opportunities:
- Increasing prevalence of chronic diseases around the globe is anticipated to drive the market.
- Government initiatives for improvement of healthcare infrastructure in different countries is projected to drive the market.
- Rising awareness regarding diseases and infections and rising adoption of minimally intrusive procedures are considered to fuel the bipolar forceps market.
- Increasing elderly population is expected to result in rising incidence of chronic diseases, which in turn, is anticipated to fuel the demand for various surgeries, thereby driving the demand for bipolar forceps.
- Lack of awareness regarding advanced surgical devices is expected to hinder the market growth.
- Expensive or high cost of devices is projected to hamper the growth of the bipolar forceps market in developing countries.
- Increasing investments in research and development activities for the innovation of advanced bipolar forceps by major players is expected to create lucrative opportunities in the near future.
- Growing demand for surgeries such as organ removal and transplantation is anticipated to provide profitable opportunities for market players during the forecast period.
Scope of The Bipolar Forceps Market Report:
The report on the global bipolar forceps market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Bipolar Forceps Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Disposable and Reusable) Applications (General Surgery, Gynecology, Neurology, Plastic Surgery, and Others) End-users (Hospitals, Ambulatory Surgical Centers, Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered
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B. Braun Melsungen AG, CONMED Corporation, Ethicon US, LLC, FAULHABER PINZETTEN OHG, Integra LifeSciences, Medical Devices Business Services, Inc., Medtronic, OPHMED CO., LTD. CE Mark, Stryker, and Sutter Medical Technologies USA
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Bipolar Forceps market Segment Insights:
The Disposable Segment is Expected to grow significantly over the Forecast Period
Based on types, the market is bifurcated into disposable and reusable types of bipolar forceps. Disposable bipolar forceps are single use instruments and are sterile. They are generally offered in stainless steel. Disposable bipolar forceps provides advantages from autoclaving and reusing, repair, and repetitive handling. They are cost-effective instruments.
The general surgery segment is projected to hold significant market share
On the basis of applications, the market is segregated as general surgery, gynecology, neurology, plastic surgery and others. The general surgery segment is anticipated to hold a large market share, owing to increasing infections.
Hospitals segment is anticipated to hold a substantial share
Based on end-users, the bipolar forceps market is fragmented into hospitals, ambulatory surgical centers and others. Millennials visit hospitals for the doctor’s opinion in regard to any kind of health issues or infections, which is anticipated to drive the hospitals segment.
Online segment to grow during the forecast period
On the basis of sales channels, the market is divided into online and offline sales channels. Supply chain disruptions caused during the pandemic period is expected to drive the s online sales channel segment.
The North America dominates the global market
In terms of regions, the global bipolar forceps market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players in the region. Moreover, increasing R&D spending by pharmaceutical and biotechnology
companies and growing healthcare infrastructure in the US are driving the market in North America. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to growing R&D expenditure and government initiatives in advancements for healthcare.
Segments
By Types
By Applications
- General Surgery
- Gynecology
- Neurology
- Plastic Surgery
- Others
By End-Users
- Hospitals
- Ambulatory Surgical Centers
- Others
By Sales Channels
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- B. Braun Melsungen AG
- CONMED Corporation
- Ethicon US, LLC
- FAULHABER PINZETTEN OHG
- Integra LifeSciences
- Medical Devices Business Services, Inc.
- Medtronic
- OPHMED CO.
- LTD. CE Mark
- Stryker
- Sutter Medical Technologies USA
Competitive Landscape
Key players in the global bipolar forceps market include B. Braun Melsungen AG, CONMED Corporation, Ethicon US, LLC, FAULHABER PINZETTEN OHG, Integra LifeSciences, Medical Devices Business Services, Inc., Medtronic, OPHMED CO., LTD. CE Mark, Stryker, and Sutter Medical Technologies USA. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence. Major players are involved in various strategies such as investment in research and development for the expansion of their product portfolio.
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