(I-BusinessNews.Com, April 21, 2021 ) Advanced Bipolar Direct Energy Devices Market size is projected to reach $3.7 billion by 2026, growing at a CAGR of 7.4% during the forecast period 2021-2026. Advanced Bipolar Direct Energy Devices are mainly used in treating skin injuries and for treatment in gastroenterology and gynaecological surgeries. These devices also provide better control over targeted areas and prevent damages of the sensitive parts of the tissue and reduce the risk of burns. These devices have an independent activation of accessories and monitory systems to reduce the risk of burn and generate heat for explosive vaporization for tissue, which increased its demand from surgeons. The increasing number of laparoscopic surgeries is increasing the demand for advanced bipolar direct energy devices. Moreover, the rise in the demand for invasive surgeries and advanced features such as low voltage current used for coagulation and cutting off large bleeding areas are driving the market growth.
Advanced Bipolar Direct Energy Devices Market Segment Analysis – By Product
The Advanced Bipolar Direct Energy Devices Market based on the Product can be further segmented into Electrosurgical Generator Systems and Bipolar Electrosurgical. The electrosurgical Generator systems segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 7.8% over the period 2021-2026. The growth is owing to its various benefits such as less operating time, reduces bleeding, cost-effective compared to laser surgery, and requires less postoperative recovery time. The bipolar Electrosurgical segment is likely to grow fastest over the forecast period, owing to its precise application of energy to small and sensitive areas. This is especially effective in microvascular surgery, micro nerve surgery, and plastic surgery procedures, which is a major factor driving the market for the Bipolar Electrosurgical segment.
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Advanced Bipolar Direct Energy Devices Market Segment Analysis – By End User
The Advanced Bipolar Direct Energy Devices Market based on the End User can be further segmented into Hospitals, Clinics, and Ambulatory Care Centers. The hospital segment held the largest share in 2020 owing to the increasing number of gynecological and gastrointestinal surgeries being performed in hospitals. Moreover, hospitals have a separate electrosurgical unit, known as Electrosurgical Units (ESU), which includes electrical equipment used in laparoscopic surgeries, such as gynecological and gastrointestinal surgeries. In addition, the availability of specialized and highly skilled surgeons further boosts the segment growth. Ambulatory Care Centers segment is estimated to be the fastest-growing segment with a CAGR of 7.9% over the period 2021-2026. This is owing to the increasing demand for outpatient surgery centers as they provide superior healthcare services and affordable treatment for patients.
Advanced Bipolar Direct Energy Devices Market Segment Analysis – By Geography
The Advanced Bipolar Direct Energy Devices Market based on the Geography can be further segmented into North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina and Rest of South America) and Rest of World (Middle East, Africa). North America held the largest share with 32% of the overall market in 2020. The growth is owing to the increased incidence of laparoscopic surgeries, awareness of advanced products, and presence of well-established healthcare facilities. The rapid adoption of technologically advanced products is further propelling the market growth. In addition, the increased reimbursement for hardware innovations is likely to have a positive impact on the regional market. Asia-Pacific is estimated to be the fastest-growing segment over the period 2021-2026 owing to the increasing awareness among surgeons and demand for gynecological surgeries. A growing target population, the rapid expansion of the medical tourism market, supportive government initiatives, and the availability of skilled surgeons are several other factors driving market growth in the Asia-Pacific region.
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Advanced Bipolar Direct Energy Devices Market Drivers
Increase in the Adoption of Bipolar Energy Devices in Laparoscopic Surgeries
The bipolar energy devices help in better sealing of blood vessels and attaining better burst pressures by providing compression force in addition to thermal energy. These devices also seal larger blood vessels as opposed to monopolar devices which are limited to smaller vessels. This factor is increasing the adoption of bipolar energy devices in laparoscopic procedures, which in turn is driving the growth of the market.
Rise in the Demand for Electrosurgical Generator Systems
The Electrosurgical generators can produce a variety of electrical waveforms and have built-in safety features to prevent burns from occurring owing to the poor contact between the patient and the return electrode when using the monopolar mode. These systems are cost effective as compare to laser surgeries and also requires less post-operative time for recovery, which is enhancing the growth of the Advanced Bipolar Direct Energy Devices Market.
Advanced Bipolar Direct Energy Devices Market Challenges
Lack of Skilled Medical Personnel
Advanced bipolar direct energy devices require skilled surgeons for the independent activation of accessories and monitoring systems. Moreover, electrosurgical generator systems produce a variety of electrical waves that need to be evaluated by healthcare professionals so that adverse local tissue reactions do not occur. The lack of large-scale availability of such skilled personnel in under developed economies and developing economies is set to hinder the market growth.
Advanced Bipolar Direct Energy Devices Industry outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Advanced Bipolar Direct Energy Devices Market. Key companies of this market are Medtronic PLC, B. Braun Melsungen AG, Symmetry Surgical, XCELLANCE Medical Technologies, Karl Storz SE & Co. KG, Olympus Corporation, Soterix Medical Inc, CONMED Corporation, Sutter Medical Technologies USA, Symmetry Surgical Inc, BD, and Aesculap, Inc among others.
Acquisitions/Product Launches:
In 2019, Olympus Corporation has announced the launch of ESG-150 electrosurgery generator designed to ensure patients safety at low effective adjusted power output in endoscopic surgeries, to improve the growth opportunities of Olympus Corporation helping them provide specialized advanced bipolar direct energy device.
Key Takeaways
Geographically, North American Advanced Bipolar Direct Energy Devices Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the increased incidence of laparoscopic surgeries coupled with the modern health care facilities in the region.
The growing demand for electrosurgical generator systems and increase in the adoption of bipolar energy devices in laparoscopic surgeries across the globe are driving the growth of the market.
Lack of skilled medical personnel is one of the major factors that is set to reduce the growth of the Advanced Bipolar Direct Energy Devices Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Advanced Bipolar Direct Energy Devices Market report.
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