Monopolar Electrosurgery Instrument Market Application Outlook, Business Drivers, and Competitive Analysis

Monopolar Electrosurgery Instrument Industry Overview

The global monopolar electrosurgery instrument market size is expected to reach USD 3.0 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2027. monopolar electrosurgery instrument are majorly used in gynecology and urology procedures to precisely cut and extract tissues. The devices are most commonly used in Laparoscopic Ovarian Drilling (LOD) procedures to manage Polycystic Ovary Syndrome (PCOS). According to the Centers for Disease Control and Prevention (CDC), PCOS is among the major cause of female infertility, affecting 6 - 12% or 5 million U.S. women between the 18-45 age group.

Frequent product launch, increasing prevalence of chronic conditions, and growing preference for minimally invasive procedures have augmented the demand for monopolar electrosurgery devices. For instance, in September 2019, Ethicon, a Johnson and Johnson subsidiary launched a MEGADYNE MEGA SOFT universal plus reusable patient return electrode. The dispersal electrode eliminates adhesive-related injuries and is eco-friendly.

Monopolar Electrosurgery Instrument Market Segmentation

Grand View Research has segmented the global monopolar electrosurgery instrument market based on type, application, end use, and region.

Based on the Type Insights, the market is segmented into Hand Instrument, Generator, Dispersive electrodes, and Accessories

• The hand instrument segment dominated the market for monopolar electrosurgery instrument and accounted for the largest revenue share of 34.1% in 2019.
• The generator segment is expected to register the fastest growth rate over the forecast period. This can be attributed to the increasing reliance of professionals to perform advanced therapeutic procedures and product launches.

Based on the Application Insights, the market is segmented into General surgery, Neurosurgery, Cardiovascular surgery, and Others

• The general surgery segment dominated the market for monopolar electrosurgery instrument and accounted for the largest revenue share of 34.5% in 2019.
• The cardiovascular surgery segment is expected to account for the highest growth rate over the forecast period.

Based on the End-use Insights, the market is segmented into Hospitals, Specialty clinics, and Ambulatory Surgical centers

• The hospital segment dominated the market for monopolar electrosurgery instrument and accounted for the largest revenue share of 40.5% in 2019.
• The ambulatory surgical centers segment dominated the market for monopolar electrosurgery instrument and is expected to register the highest growth rate during the forecast period.

Monopolar Electrosurgery Instrument Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market for monopolar electrosurgery instrument is highly fragmented with the presence of various large, medium, and small-scale vendors. Product launch, strategic acquisitions, and innovation are the major strategies adopted by the market players to retain their market share.

Some prominent players in the global Monopolar Electrosurgery Instrument market include:

• Conmed
• Olympus Corporation
• Medtronic Plc
• KLS Martin
• Braun Melsungen AG
• Stryker
• Apyx Medical Corporation
• Johnson & Johnson
• Integra LifeSciences
• Stingray Surgical Products, LLC
• Surgical Holdings

Order a free sample PDF of the Monopolar Electrosurgery Instrument Market Intelligence Study, published by Grand View Research.