Vessel Sealing Devices Market Size & Growth Analysis to 2030

The global vessel sealing devices market size is projected to grow at a prominent CAGR of around 8% during the forecast period 2021 to 2027. The rising preference for minimally invasive procedure and increasing number of surgical procedure are some major factors driving the market growth. The increasing demand for reliable and more efficient surgical technology is another factor to drive the market. Furthermore, technological advancement and increasing investment in surgical instruments are expected to boost the market over the forecast period. However, the high cost of instruments and complications associated with the devices used are some factors to restrain the market.

Market Drivers:

Increasing demand for minimally invasive surgical procedures: There is a growing preference for minimally invasive surgical procedures due to their advantages, such as reduced trauma, shorter hospital stays, faster recovery, and lower healthcare costs. Vessel sealing devices play a crucial role in minimally invasive surgeries as they enable efficient and precise sealing and cutting of blood vessels, reducing the risk of bleeding and improving surgical outcomes. The increasing demand for minimally invasive procedures drives the adoption of vessel sealing devices.

Technological advancements in vessel sealing devices: There have been significant advancements in vessel sealing device technologies, leading to the development of more advanced and versatile devices. These advancements include the incorporation of advanced energy sources, such as bipolar and ultrasonic energy, to effectively seal and coagulate vessels, as well as the integration of advanced feedback systems and surgical instruments for enhanced safety and precision. Technological advancements drive the adoption of modern vessel-sealing devices.

Rising prevalence of chronic diseases and associated surgeries: The increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and gastrointestinal disorders, often requires surgical interventions. Vessel sealing devices are widely used in various surgical procedures, including cardiovascular surgeries, laparoscopic surgeries, and general surgeries, to achieve hemostasis and enhance surgical precision. The rising prevalence of chronic diseases contributes to the demand for vessel-sealing devices.

Growing aging population: The global aging population is a significant factor driving the vessel sealing devices market. As the elderly population increases, there is a higher incidence of age-related diseases and conditions that require surgical interventions. Vessel sealing devices are commonly used in surgeries performed on the elderly population, making them an essential tool in managing the healthcare needs of this demographic.

Cost-effectiveness and time efficiency: Vessel sealing devices offer cost-effective and time-efficient solutions compared to traditional methods of vessel sealing, such as sutures and clips. These devices enable surgeons to perform procedures more efficiently, reduce operative time, and minimize the need for additional hemostatic measures. The cost-effectiveness and time efficiency of vessel sealing devices make them attractive options for healthcare providers.

Emphasis on patient safety and improved surgical outcomes: Patient safety and improved surgical outcomes are key priorities in modern healthcare. Vessel sealing devices help reduce the risk of complications, such as bleeding and post-operative infections, by providing reliable and secure vessel sealing. The use of vessel sealing devices can lead to improved surgical outcomes, reduced patient morbidity, and enhanced patient satisfaction.

Regulatory support and guidelines: Regulatory bodies and professional organizations have established guidelines and standards for the use of vessel sealing devices in surgical procedures. These regulations ensure the safety and effectiveness of these devices and provide guidance to healthcare providers. Regulatory support and adherence to guidelines encourage the adoption of vessel sealing devices in clinical practice.

Increasing healthcare expenditure and infrastructure development: The increasing healthcare expenditure and infrastructure development in developing economies contribute to the growth of the vessel sealing devices market. Improved access to healthcare facilities, the establishment of advanced surgical centers, and the availability of modern medical devices create opportunities for the adoption of vessel sealing devices in these regions.

Market Outlook:

Market Insights:

The global vessel sealing devices market is bifurcated into product, application, end-user, and geography. On the basis of product, the market is further segmented into generators, instruments, and accessories. The instruments segment held the largest market share of over 40% of the market in 2020 and is expected to grow at a fast growth rate over the forecast period. The segment growth is attributed to the increasing demand for safe, reliable, and affordable instrument coupled with the increasing number of surgical procedures around the world. Furthermore, the increasing demand for reusable instruments is expected to boost the segment growth.

Based on the application, the market is segmented into general surgery and laparoscopic surgery. The laparoscopic surgery dominated the global vessel sealing devices market in 2020 and accounted to hold the largest market of over 60% of the market in terms of revenue. The segment is also expected to maintain its dominance over the forecast period. The segment growth is attributed to the increasing number of minimally invasive surgeries around the globe. Furthermore, the increasing preference for minimally invasive surgeries and the rising awareness regarding laparoscopic surgery over open surgery is expected to boost the segment growth over the forecast period.

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The vessel sealing devices comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The vessel sealing devices market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Product:

• Instruments
• Generators
• Accessories

By Application:

• General Surgery
• Laparoscopic Surgery

By End-User:

• Hospitals & Specialty Clinics
• Ambulatory Surgical Centers

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global vessel sealing devices market in 202 and accounted to hold a major market share of over half of the market in terms of revenue. The rising awareness and availability of advanced healthcare infrastructure are some of the major factors that have contributed to the growth of the market in this region.. Furthermore, the growing investment in equipment by hospitals is expected to further boost the market in North America. On the other hand, the Asia Pacific region is expected to grow at the fastest growth rate over the forecast period due to increased investment by companies for their expansion in the region.

Market Competition Assessment:

Johnson & Johnson, Medtronic plc., B. Braun Melsungen, Olympus Corporation, and KLS Martin are some of the major players operating in the global vessel sealing devices market. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

• Johnson & Johnson
• Medtronic plc.
• Braun Melsungen
• Olympus Corporation
• KLS Martin
• Ebre Elektromedizin GmbH
• OmniGuide
• Bolder Surgical LLC
• Intuitive Surgical
• Bowa Medical

Key Questions Answered by Vessel Sealing Devices Market Report

• Global vessel sealing devices market forecasts from 2021-2027
• Regional vessel sealing devices market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Vessel sealing devices submarket forecasts from 2021-2027 covering the market by product, by application, by end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to vessel sealing devices market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level vessel sealing devices markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the vessel sealing devices market