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.
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 |
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.
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.
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.
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.
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 Covered in the Report
By Surgeries
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.
Segments Covered in the Report
By Surgeries
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.
Some other reports from this category!