[products (generators & monitors, instruments, plasma ... · growth in the asian market is...

-

2015

IQ4I Research & Consultancy Pvt. Ltd.

[email protected]

www.iq4i.com

[PRODUCTS (Generators & Monitors, Instruments, Plasma & Smoke management Systems & Accessories); SURGERY (Cardiovascular, Cosmetic & Dermatology, Dental, Gastrointestinal, General, Gynecological, Neurosurgical, Oncology, Orthopedic, Urological and Others); REGIONAL (North America, Europe, Asia Pacific and Rest of the World)]

Electrosurgical Devices Global Market

– Forecast to 2020

Copyright © 2015 IQ4I

All Rights Reserved. This document contains highly confidential

information and is the sole property of IQ4I. No part of it may be

circulated, copied, quoted, or otherwise reproduced without the

approval of IQ4I.



–Forecast to 2020



–Forecast to 2020

1.1 REPORT DESCRIPTION

Electro surgery deals with the interaction of electrons with tissue to achieve a desired clinical

effect. Electrosurgical units (ESU’s) are used for surgical cutting or to manage blood loss by

causing coagulation (homeostasis) during surgery. The global electrosurgical devices market is

divided into products, surgery and geography. The global electrosurgical devices products

market is segmented into electrosurgical generators and monitors, instruments, plasma and

smoke management systems and accessories. The electrosurgical instrument is further

classified into monopolar and bipolar instruments. Plasma based systems are further

segmented in to argon systems and helium systems. By surgery, the electrosurgical devices

market is broadly segmented into cardiovascular, cosmetic &dermatological, gastrointestinal,

general, gynecological, neurosurgical, oncology, orthopedic, urological and others.

Among the electrosurgical products, the instruments market dominated the products market by

occupying a largest share. At the same time, the electrosurgical instruments market is also

expected to grow at the highest CAGR. Geographical wise North America is the largest market,

followed by Europe and Asia. The APAC regions suggest an array of opportunities for growth

and are likely to be getting into the eyes of new investors in the electrosurgical devices market.

Growth in the Asian market is attributed to government for its support in establishing innovative

technologies and demand for sophisticated medical services.

The electrosurgical devices market is expected to grow steadily in the forecast period. The

factors driving the growth of this market are advancement in the electrosurgical devices,

preference towards minimally invasive surgical procedures, increase in number of cosmetic

procedures and steep rise in aging population and related surgeries. In addition to this, high

prevalence of obesity and there of increase in bariatric surgeries along with growing demand for

the electrosurgical products in the emerging regions are some of the opportunities that are

propelling the growth of the market. However, the nonconductive health care system and

reimbursement scenario in U.S, risk associated with the usage of electrosurgical devices and

some of the product recalls are hampering the growth of the market. The threats for the

electrosurgical market include technological advancement in the area of noninvasive

technologies, the pricing pressure and stiff competition among the electrosurgical players.



–Forecast to 2020

The global electrosurgical market is a highly competitive market and all the existing players in

this market are involved in developing new and advanced products to maintain their market

shares. Some of the key players of the electrosurgical devices market are B. Braun Melsungen,

Bovie Medical Corporation, ConMed Corporation, Johnson & Johnson (Ethicon) and Medtronic

(Covidien).

The report provides an in depth market analysis of the above mentioned segments across the

following regions:

North America

Europe

Asia-Pacific

Rest of the World (RoW)



–Forecast to 2020

TABLE 1

GLOBAL ELECTROSURGICAL DEVICES MARKET REVENUE,

BY REGION, (2013-2020) ($MN)

Region 2013 2014 2015 2020 CAGR (%)

(2015-2020)

North America XX XX XX XX XX

Europe XX XX XX XX XX

Asia-Pacific XX XX XX XX 8.0

RoW XX XX XX XX XX

Total XX 2,791.4 XX XX XX

Source: Association for Advancement of Medical Instrumentation (AAMI), Americans Surgical Association, Society

for Laparoendoscopic surgeons (SLS), Association of Surgeons of Great Britain and Ireland (ASGBI), WHO, CDC,

Industry Expert Interviews and IQ4I Analysis

North America accounted for the largest revenue of $XX million of the electrosurgical devices

global market with a share of XX% in 2014. The market is expected to grow at a CAGR XX%

from 2015 to 2020 to reach $XX million by 2020. Asia-Pacific is expected to grow at a strong

CAGR of XX% during the forecast period.



–Forecast to 2020

TABLE 2


BY PRODUCTS, (2013-2020) ($MN)

Product 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Generators & Monitors XX XX XX XX XX

Instruments XX XX XX XX 6.6

Plasma & Smoke Management Systems

XX XX XX XX XX

Accessories 122.6 XX XX XX XX

Total XX XX XX XX XX




Instruments accounted for high revenue of $XX million with a share of XX% in 2014 and are

expected to reach $XX million by 2020 of the global electrosurgical devices products market.

Instruments are also expected to grow with highest CAGR of XX% during the forecast period.



–Forecast to 2020

TABLE 3


BY SURGERY TYPE, (2013-2020) ($MN)

Type 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Cardiovascular XX XX XX XX XX

Cosmetic & Dermatology

XX XX XX XX XX

Dental XX XX XX XX XX

Gastrointestinal XX XX XX XX 5.3

General 219.2 XX XX XX XX

Gynecological XX XX XX XX XX

Neurosurgical XX XX XX XX XX

Oncology XX XX XX XX XX

Orthopedic XX XX XX XX XX

Urological XX XX XX XX XX

Others XX XX XX XX XX





Oncology accounted for high revenue of $XX million with a share of XX% in 2014 and is

expected to reach $XX million by 2020 with a healthy CAGR of XX% of the global

electrosurgical devices market by surgery. Cosmetic and dermatology segment is expected to

grow with highest CAGR of XX% during the forecast period.



–Forecast to 2020

FIGURE 1

GLOBAL MONOPOLAR INSTRUMENTS MARKET REVENUE, BY TYPE

OUTLOOK (2014 V’S 2020) ($MN)






–Forecast to 2020

TABLE 4

GLOBAL ACCESSORIES MARKET REVENUE,

BY TYPE, (2013-2020) ($MN)

Type 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Patient Return Electrodes

XX XX XX XX XX

Argon & Smoke Management System Accessories

19.7 XX XX XX XX

Foot switches, Cords, Cables & Adapters

XX XX XX XX XX

Others XX XX XX XX XX





Patient return electrodes accounted for high revenue of $XX million with a share of XX% in 2014

and are expected to reach $XX million by 2020 with a healthy CAGR of XX% of the accessories

global market revenue. Argon and smoke management system accessories are expected to

grow with highest CAGR of XX% during the forecast period.



–Forecast to 2020

1.1.1 RESEARCH SOURCES TABLE 5

ELECTROSURGICAL DEVICE MARKET: RESEARCH SOURCES

Primary Sources Secondary Sources

Supply Side: Top-level Executives,

Marketing Managers, Sales Managers,

Regional Managers

Demand Side: Hospital Medical

Directors, Laboratory Managers,

Research Scientists, Principal

Scientists, Purchase/Procurement

Managers, Laboratory Technicians,

Academic Research

Others: Independent Consultants and

Freelancers

IQ4I Repository Electrosurgical devices Company-Specific

annual reports, SEC filings, corporate

presentations & Press releases

Associations and Groups: American

Association of Gynecologic

Laparoscopists, American surgical

Association, Asian Surgical Association,

Association for the Advancement of

Medical Instrumentation (AAMI),

Association of Surgeons of Great Britain

and Ireland (ASGBI),

British Association of Aesthetic Plastic

Surgeons, Center for Disease Control

and Prevention (CDC), Centers for

Medicare & Medicaid Services (CMS),

Measurement, European Medicines

Agency (EMEA), European Surgical

Association, International Society of

Aesthetic Plastic Surgery (ISAPS),

Society of Laparoendoscopic Surgeons,

World Health Organization (WHO), and

Other Country Associations & Groups

Paid Sources : OneSource, Hoovers,

Bloomberg

Social Networking & Databases:

LinkedIn, Melt-Water, and Zintro



–Forecast to 2020

1.2 RESEARCH METHODOLOGY

FIGURE 2

ELECTROSURGICAL DEVICES MARKET: RESEARCH METHODOLOGY

• Bottom-up and Top-down approach

• Data triangulation

• Qualitative & Quantitative analysis

• Electrosurgical devices market segmentation

• Market size, CAGR and market trends validation

• Market size of sub segments and market shares of major players

• Upcoming trends and technological advancements in types,

applications and end users

• Validation of factors influencing market and regional market shares

• Technical information of Electrosurgical devices and products

• Strategic insights, financial revenues and competitive intelligence of

Key players

• Types, end users, and surgical applications of electrosurgical devices

• Market trends and growth scenario of sub markets and parent market

Market

Breakdown

Primary

Research

Secondary

Research



–Forecast to 2020

1.2.1 ASSUMPTIONS

Parameter Assumptions

Market Revenue

The global electrosurgical market revenue is

estimated to be ~30% of the global surgical devices

market. The value is cross validated through bottom-

up approach as well.

Market growth

The CAGR for the forecast period (2015-2020) is

assumed to be normalized and the effect of inflation,

recession, economic downturn, regulatory or policy

changes, or other factors are not considered.

Products/Surgeries Market

The % splits were arrived for each product was based

on primary inputs. Similarly the surgery splits were

assumed based on the contribution of each surgery in

respective application area.

Segmental & Sub segmental

market shares

The market shares are analyzed purely based on

primary inputs, in case of the data non availability for

the sub markets the parent market trend has been

assumed for the forecasted period.

Market Share

Market share analysis of key players is performed in

two ways that is based on the primary research

rankings (Market penetration of players) and the other

method is based on the estimated electrosurgical and

surgical revenues of key players.



–Forecast to 2020

1.3 MARKET SIZE ESTIMATION

The size of the global electrosurgical devices market and its various segments and sub-

segments were estimated and validated through secondary and primary research. All the

electrosurgical devices market percentage shares, splits, and breakdowns were determined

using secondary sources and verified through primary sources to get the final quantitative and

qualitative data. This data is consolidated and added with detailed inputs and analysis from IQ4I

and presented in this report.

FIGURE 3

ELECTROSURGICAL DEVICES MARKET: TOP-DOWN AND BOTTOM-UP

APPROACH

Global Surgical devices

market

Market share of generators &

monitors, instruments, argon & smoke management systems and accessories

Regional market shares

Market share of sub

Segments in regional markets

Sub segments

market size and

CAGR

Overall

market size and CAGR

Market share of the players in

the overall surgical and electrosurgical

Market and sub markets

Top players Market Revenue in the

Electrosurgical devices Market: B Braun Melsungen, Bovie Medical Corporation, Conmed

Corporation, Johnson & Johnson, Erbe and

Medtronic (Covidien)

Global Electrosurgical devices

market



–Forecast to 2020

FIGURE 4

ELECTROSURGICAL DEVICES MARKET: FORECASTING MODEL

Historical Data

and trends of

Electrosurgical

devices Market

Evolution

Company

developmentsApplications

Download Pattern

Regulatory

Landscape

Factors Influencing

Market Growth

Agreements & Joint

ventures Contributed for

41.8%.

New product launch

Contributed for 18%

Government Funding: National Science foundation is sponsoring for electrosurgical research

through its The Civil, Mechanical and Manufacturing Innovation (CMMI) research division. Similarly

U.S’ National Institute of Health (NIH) also funds universities and research institutes for testing the

safety as well as for the development of new products. In Europe, National Institute of Health

Research (NIHR) and European Research Council funds for similar activities.

Technology

Evolution

Supply chain

trendAdoption pattern Regulations

Market ShareValue and

volume analysis

Geographical

Usage

Market trend and

growth forecasting

Historical Market Data

Impact Analysis of Market

Trends

Market Size & Forecast by

Isotope Types

Market Size & Forecast by

Applications & End Users

Global Electrosurgical

devices Market

Size, Segmental share and

CAGR from 2015-2020

Market Drivers• Increased use of minimally

invasive surgeries

• Growing number of cosmetic surgery procedures

• Technological advancements• Preference for minimally

invasive procedures

Market Penetration

• Reimbursement for monopolarproducts based surgery

• New product ranges in bipolar

instruments• Plasma based systems

replace traditional products

Market Restraints

• Electrosurgical product recalls• Health care reforms especially

in U.S

Market Opportunities

• Increasing number of obesity related surgeries

• Huge demand in emerging

markets

Investments

In May 2014, Boston Scientific acquired IoGyn Inc., U.S. based

surgical firm for $65 million to

strengthen its gynecology related electrosurgical products market.



–Forecast to 2020

1.3.1 MARKET BREAKDOWN & DATA TRIANGULATION

FIGURE 5

ELECTROSURGICAL DEVICES MARKET: MARKET BREAKDOWN & DATA

TRIANGULATION

Demand side:

Hospitals, Physician’s

office, surgeons,

Healthcare Institutions

Supply side:

Executives

from major companies,

Consultants

Market share of the

Electrosurgical devices

market in Global Surgical

devices market

Top -down

Primary

Research

Bottom -up

Secondary

Research

Electrosurgical Devices Market

(~ $2.8 Bn)

(2014)

•Financial/Annual reports

•Investor Presentations

•SEC filings

•Scientific Journals

•Organizations/

Associations & Groups

Major player analysis

of key players:

Medtronic

(Covidien), Johnson &

Johnson, Olympus &

ConMed, Erbe



–Forecast to 2020

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