The Global Ultrasonic Electrosurgical Devices Market is projected to grow significantly by 2027, expanding at a CAGR of around 5% during the forecast period (2021-2027). Ultrasonic electrosurgical devices utilize electrical energy in surgical procedures, where the resistance of body tissues to electrical current generates heat, aiding in the dissection, coagulation, and cutting of tissues.

Market Drivers

Minimally Invasive Procedures and Technological Advancements

The rising demand for minimally invasive surgical procedures, coupled with advancements in surgical techniques and technology, is driving the growth of the ultrasonic electrosurgical devices market. Additionally, the increasing geriatric population and the prevalence of chronic diseases are significant factors contributing to market expansion. For instance, according to the CDC, 17% of adults aged 65 and older have coronary heart disease, and 7.6% have experienced a stroke. The growing number of cosmetic surgeries also contributes to the market's growth.

Product Segmentation

The market is divided into generators and consumables. The consumables segment is expected to see substantial growth during the forecast period due to the single-use nature of items like forceps, handpieces, and pencils. The increasing number of surgeries and the rising prevalence of chronic diseases significantly boost the demand for consumables in the ultrasonic electrosurgical device market.

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Type Segmentation

The market is categorized into high-intensity focused ultrasonic (HIFU) ablators, magnetic resonance-guided focused ultrasonic (MRGFUS) ablators, ultrasonic surgical ablation systems, and shock wave therapy systems. The HIFU segment held a significant share in 2020 and is anticipated to grow due to its higher precision, better results, and rising prevalence of chronic diseases like cancer. For instance, according to the WHO, there were 2.3 million women diagnosed with breast cancer in 2020, resulting in 685,000 deaths globally.

Application Segmentation

The market is segmented into cardiology, gynecology, urology, and others. The cardiology segment is expected to have a significant market share due to the increasing incidence of heart diseases. For instance, the CDC reports that about 659,000 people in the United States die from heart disease each year, accounting for 1 in every 4 deaths.

End-User Segmentation

The market is divided into hospitals, ambulatory surgical centers, and others. Hospitals are anticipated to experience significant growth due to their specialized treatment capabilities and the adoption of advanced technology.

Regional Insights

The report provides detailed regional analysis covering North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and the Rest of the World. North America holds a significant market share due to high healthcare spending and the presence of well-established market players. For instance, in 2019, Canada’s per capita healthcare expenditure was USD 5,048. Frequent product launches in the region also contribute to market growth.

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Key Market Players

Prominent companies in the ultrasonic electrosurgical devices market include Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey. These companies engage in mergers, acquisitions, and partnerships to develop various types of ultrasonic electrosurgical devices.

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