Surgical Energy Generators Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Surgical Energy Generators Market is segmented By Product Type (Monopolar Generators, Bipolar Generators, Combination Generators), By Application (Car....
Surgical Energy Generators Market Size
Market Size in USD
CAGR4.9%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.9% |
| Market Concentration | Low |
| Major Players | Medtronic, Olympus, CONMED Corporation, Symmetry Surgical Inc., Applied Medical Resources Corporation |
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Surgical Energy Generators Market Analysis
The Global Surgical Energy Generators Market is estimated to be valued at USD 490.1 million in 2024 and is expected to reach USD 735.6 million by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The market has been witnessing steady growth over the past few years driven by increasing surgical procedures globally and rise in demand for minimally invasive surgeries. Advancements in electrosurgical products with newer technologies such as bipolar, monopolar and ultrasonic generators are expanding the scope of surgeries that can be performed. Rise in chronic diseases and disorders necessitating surgical care along with aging population has resulted in higher number of surgical procedures. Preference for surgical energy generators over conventional electrosurgical cut/coagulation device is expected to continue supporting market growth. Manufacturers are investing in emerging markets to leverage opportunities for higher revenues. However, lengthy approval process and greater influx of affordable generics once patents expire may hamper market growth to some extent over the forecast period.