Vessel Sealing Devices Market Share & Growth | Forecast 2030

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Vessel Sealing Devices Market Share & Growth | Forecast 2030

Vessel Sealing Devices Market Share & Growth | Forecast 2030

Segments - Global Vessel Sealing Devices Market by Surgeries (Laparoscopic, Open Surgery, and Others), Products (Generators, Instruments, and Accessories), Applications (General Surgery, Urological Surgery, Cardiovascular Surgery, Gynaecology Surgery, Orthopaedic Surgery, and Others), Energy (Bipolar, Ultrasonic, Hybrid, and Others), End-users (Hospitals & Ambulatory Surgical Centres, Speciality Clinics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global vessel sealing devices market size was valued at USD 3,756.68 million in 2020 and is expected to reach USD 5,789.65 million by 2028, growing at a CAGR of 5.44% between 2021 and 2028. The market growth is due to increasing number of patients suffering from several illness due to poor dietary choices, a larger desire for easy-to-eat snacking alternatives, a lack of exercise, a stressful lifestyle, and rising number of elderly population across the globe. The vessel sealing device is used to cut, coagulate, separate, and seal blood vessels in a minimally invasive surgical technique. Different types of energy are routinely employed to seal containers, which include bipolar, ultrasonic, and hybrid. When selecting the right vessel sealing devices, several variables such as dependability and efficiency are taken into account. These devices are effective in sealing vessels with a diameter of up to 7 mm. These devices have a number of advantages including safety to use, high level of efficiency, and less time to close blood arteries. Unlike traditional procedures, the vessel sealing devices do not need to use additional equipment such as sutures, bipolar graspers, and clips in order to achieve effective haemostasis and vascular sealing. This proves to be a key factor pushing the demand for the use of non-invasive surgery.

Vessel Sealing Devices Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

Rising number of invasive surgical procedures and technical advancements in medical equipment are significant drivers of the market.
Growing need for dependable and efficient sealing technologies during surgical operations to reduce blood loss, infection rates, and operating time present a major factor driving the market growth.
High cost of the equipment installation is a major restraining factor. This can act as a hindrance to the market growth.
Increasing healthcare spending among a large number of the global population and increasing demand for advanced surgical tools for several treatment are major factors boosting the market.
Favorable government initiatives and efforts for the development of advanced technology for sealing devices are projected to offer several growth opportunities of the market in the coming years.

Scope of the report:

The report on the global vessel sealing device market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Vessel Sealing Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Surgeries (Laparoscopic, Open Surgery, and Others), Products (Generators, Instruments, and Accessories), Applications (General Surgery, Urological Surgery, Cardiovascular Surgery, Gynaecology Surgery, Orthopaedic Surgery, and Others), Energy (Bipolar, Ultrasonic, Hybrid, and Others), End-users (Hospitals & Ambulatory Surgical Centres, Speciality Clinics, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Johnson & Johnson, BOWA-electronic GmbH & Co. KG, Boston Scientific Corporation, Medtronic plc., B. Braun Melsungen, Olympus Corporation, KLS Martin, EbreElektromedizin GmbH, OmniGuide, Bolder Surgical LLC, , Erbe Medical India Pvt. Ltd., and others

Global Vessel Sealing device Market Insights

Laparoscopic surgery segment held substantial market share in 2020

On the basis of surgeries, the global vessel sealing devices market is segmented into general surgery, laparoscopic surgery, and others. The laparoscopic surgery category held a large market share in 2020 and is expected to register a high CAGR during the forecast period owing to the growing usage of minimally invasive techniques in surgery. Laparoscopic surgery has the benefit of reducing the danger of heat injury, eliminating smoke, and ensuring haemostasis, making it a better alternative to general surgery.

Instruments segment to grow during the forecast period

Based on products, the market is segregated into instruments, generators, and accessories. The instruments segment is expected to grow during the forecast period as they are used to improve efficiency in the medical procedure. A range of instruments are widely used for various surgical procedures such as cutting, coagulation, and dissection. Several types of energy vessel sealing instruments are used for different purposes and offer several advantages during surgery. The availability of a variety of equipment such as sealers, dividers, tissue fusion instruments, extract dissectors, and tonsillectomy devices, makes it even more appealing for use in a variety of surgical operations.

Vessel Sealing Devices Market by products

Bipolar segment to account for large market share

On the basis of energy, the global vessel sealing devices market is fragmented into bipolar, ultrasonic, and hybrid. The bipolar segment is anticipated to account for large market share in the coming years due to its extensive application across several laparoscopic and open surgical measures. The bipolar technology normally consumes less electricity and requires less energy for performing a surgical task. It is often utilized for processes where tissues may be easily grabbed on the side of electrodes because to its insufficient capacity to cut and clot big bleeding regions. This helps to prevent damage to adjacent tissues while also giving you more control over the targeted region. However, the ultrasonic segment is projected to exhibit a robust growth rate in the coming years as the energy devices allow utilization of mechanical energy to split tissue and seal vessels instead of transmitting electricity to the patient.

Hospital & ambulatory surgical centers segment to register significant growth

On the basis of End-users, the market is segmented into hospitals & ambulatory surgical centers, specialty clinics, and others. Hospitals & ambulatory surgical centers segment is expected to register significant growth during the projected period owing to the large number of surgical procedures and operations performed in hospitals and specialized surgical centers. By minimizing operating time and blood loss, this artery sealing method aids surgeons in improving security and efficacy.

Vessel Sealing Devices Market by end users

North America to dominate the global market

In terms of regions, the global vessel sealing devices market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market in the coming years due to series of mergers and acquisitions conducted by key market players. The rising incidence of chronic medical problems especially in the United States is a key driver supporting market development.

Segments

By Surgeries

Laparoscopic
Open Surgery
Others

By Products

Generators
Instruments
Accessories

By Applications

General Surgery
Urological Surgery
Cardiovascular Surgery
Gynaecology Surgery
Orthopaedic Surgery
Others

By Energy

Bipolar
Ultrasonic
Hybrid
Others

By End-users

Hospitals & Ambulatory Surgical Centres
Speciality Clinics
Others

By Regions

Asia Pacific
North America
Europe
Latin America
Middle East & Africa

By Key Players

Johnson & Johnson
BOWA-electronic GmbH & Co. KG
Boston Scientific Corporation
Medtronic plc.
B. Braun Melsungen
Olympus Corporation
KLS Martin
EbreElektromedizin GmbH
OmniGuide
Bolder Surgical LLC
Erbe Medical India Pvt. Ltd.
Others

Competitive Landscape

Some of the major players competing in the global vessel sealing devices market are Johnson & Johnson, BOWA-electronic GmbH & Co. KG, Boston Scientific Corporation, Medtronic plc., B. Braun Melsungen, Olympus Corporation, KLS Martin, EbreElektromedizin GmbH, OmniGuide, Bolder Surgical LLC, , Erbe Medical India Pvt. Ltd., and others. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Vessel Sealing Devices Market by key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vessel Sealing Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vessel Sealing Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vessel Sealing Devices Market - Supply Chain
  4.5. Global Vessel Sealing Devices Market Forecast
     4.5.1. Vessel Sealing Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vessel Sealing Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Vessel Sealing Devices Market Absolute $ Opportunity
5. Global Vessel Sealing Devices Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Vessel Sealing Devices Market Size and Volume Forecast by Applications
     5.3.1. General Surgery
     5.3.2. Urological Surgery
     5.3.3. Cardiovascular Surgery
     5.3.4. Gynaecology Surgery
     5.3.5. Orthopaedic Surgery
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Vessel Sealing Devices Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Vessel Sealing Devices Market Size and Volume Forecast by End Users
     6.3.1. Hospitals & Ambulatory Surgical Centres
     6.3.2. Speciality Clinics
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Vessel Sealing Devices Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Vessel Sealing Devices Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Vessel Sealing Devices Demand Share Forecast, 2019-2026
8. North America Vessel Sealing Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Vessel Sealing Devices Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Vessel Sealing Devices Market Size and Volume Forecast by Applications
     8.4.1. General Surgery
     8.4.2. Urological Surgery
     8.4.3. Cardiovascular Surgery
     8.4.4. Gynaecology Surgery
     8.4.5. Orthopaedic Surgery
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Vessel Sealing Devices Market Size and Volume Forecast by End Users
     8.7.1. Hospitals & Ambulatory Surgical Centres
     8.7.2. Speciality Clinics
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Vessel Sealing Devices Demand Share Forecast, 2019-2026
9. Latin America Vessel Sealing Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Vessel Sealing Devices Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Vessel Sealing Devices Market Size and Volume Forecast by Applications
     9.4.1. General Surgery
     9.4.2. Urological Surgery
     9.4.3. Cardiovascular Surgery
     9.4.4. Gynaecology Surgery
     9.4.5. Orthopaedic Surgery
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Vessel Sealing Devices Market Size and Volume Forecast by End Users
     9.7.1. Hospitals & Ambulatory Surgical Centres
     9.7.2. Speciality Clinics
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Vessel Sealing Devices Demand Share Forecast, 2019-2026
10. Europe Vessel Sealing Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Vessel Sealing Devices Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Vessel Sealing Devices Market Size and Volume Forecast by Applications
     10.4.1. General Surgery
     10.4.2. Urological Surgery
     10.4.3. Cardiovascular Surgery
     10.4.4. Gynaecology Surgery
     10.4.5. Orthopaedic Surgery
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Vessel Sealing Devices Market Size and Volume Forecast by End Users
     10.7.1. Hospitals & Ambulatory Surgical Centres
     10.7.2. Speciality Clinics
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Vessel Sealing Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Vessel Sealing Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by Applications
     11.4.1. General Surgery
     11.4.2. Urological Surgery
     11.4.3. Cardiovascular Surgery
     11.4.4. Gynaecology Surgery
     11.4.5. Orthopaedic Surgery
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by End Users
     11.7.1. Hospitals & Ambulatory Surgical Centres
     11.7.2. Speciality Clinics
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Vessel Sealing Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Vessel Sealing Devices Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Vessel Sealing Devices Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Vessel Sealing Devices Market Size and Volume Forecast by Applications
     12.4.1. General Surgery
     12.4.2. Urological Surgery
     12.4.3. Cardiovascular Surgery
     12.4.4. Gynaecology Surgery
     12.4.5. Orthopaedic Surgery
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Vessel Sealing Devices Market Size and Volume Forecast by End Users
     12.7.1. Hospitals & Ambulatory Surgical Centres
     12.7.2. Speciality Clinics
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Vessel Sealing Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Vessel Sealing Devices Market: Market Share Analysis
  13.2. Vessel Sealing Devices Distributors and Customers
  13.3. Vessel Sealing Devices Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Johnson & Johnson
     13.4.2. BOWA-electronic GmbH & Co. KG
     13.4.3. Boston Scientific Corporation
     13.4.4. Medtronic plc.
     13.4.5. B. Braun Melsungen
     13.4.6. Olympus Corporation
     13.4.7. KLS Martin