The global vessel sealing devices market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are rise in the global geriatric population, rising prevalence of acute and chronic diseases, increasing volumes of surgical procedures including cardiovascular, urological, orthopedic, and gynecological surgeries, and surging demand for advanced vessel sealing devices.
A vessel sealing device helps seal the wall of blood vessels by denaturing the elastin and collagen present in the wall applying bipolar electrothermal energy. This non-invasive surgical device is used to cut, coagulate, separate, and seal the blood vessels. The energy generator increases the sealing power and speed of the device, minimizing damage to the adjacent tissues. Electrothermal bipolar vessel sealing (EBVS) devices are among the most commonly used devices used for sealing blood vessels. These devices are widely in laparoscopic and open surgical procedures. Over the last couple of decades, many blood vessel sealing technologies including LigaSure, PlasmaKinetic, Harmonic Scalpel, Ligamax 5, and EnSeal have emerged. Vessel sealing devices are highly efficient and safe to use, and these devices help prevent blood loss during surgeries and enable faster healing.
Request a Sample@ https://www.qyresearchmedical.com/sample/119376
Major Factors Driving Growth of the Global Vessel Sealing Devices Market:
The global vessel sealing devices market growth is majorly attributed to growing incidences of urological, cardiovascular, orthopedic, and gynecological disorders, increasing patient pool worldwide, rising number laparoscopic and open surgeries, and growing demand for minimally invasive and non-invasive surgical procedures. Increasing demand for vessel sealing devices due to their major advantages such as reduced blood loss, lower infection rates, decreased operative duration, and technological advancements in these devices are other key factors accounting for the global market revenue growth. Emergence of advanced surgical instruments with cutting-edge features and growing government investments in the healthcare sector are further expected to boost market revenue growth.
Factors Restraining Growth of the Global Vessel Sealing Devices Market:
Growth of the global vessel sealing devices market revenue is hampered to a significant extent owing to certain unfavorable factors. High costs of vessel sealing devices and unaffordability of many advanced and high-tech surgical procedures – especially for people in less developed countries with low-to-middle income ranges – are among the key factors expected to restrain market revenue growth during the forecast period. Growth could further be hampered by increasing complications associated with vessel sealing devices and their adverse medical consequences.
Opportunities for Players Operating in the Global Vessel Sealing Devices Market:
Growing need for safety, efficacy, and reliability of vessel sealing devices, and increasing adoption of technologically advanced vessel sealers with innovative features are some of the major factors expected to open up lucrative growth opportunities for the major players, as well as new entrants in the global vessel sealing devices market over the forecast period. Major industry players such as Medtronic has expanded its highest-selling LigaSureTM product range with the addition of the LigaSure blunt tip open and laparoscopic sealer, LigaSure exact dissector, LigaSure curved jaw open sealer, and the LigaSure Atlas tissue fusion open instrument, among others.
Global Vessel Sealing Devices Market Leading Procedure Type Segment:
Based on procedure type, the global vessel sealing devices market is segmented into laparoscopic and open surgery. The laparoscopic segment is projected to reach the largest revenue share over the forecast period owing to favorable factors. Laparoscopy is a minimally invasive surgical procedure performed to closely examine the organs in the abdomen. Extensive use of vessel sealing devices in laparoscopic procedures, increasing number of laparoscopic surgeries, and growing incidences of urological, cardiovascular, orthopedic, and gynecological disorders are major factors bolstering this segment’s growth.
Global Vessel Sealing Devices Market Leading End-use Segment:
Based on end-use, the global vessel sealing devices market is segmented into hospitals & clinics, ambulatory surgical centers, specialty clinics, and others. The hospitals & clinics segment accounted for the largest revenue share in 2020. Growing prevalence of chronic and acute disorders, increasing hospital admissions, rising number of laparoscopic and open surgeries being performed worldwide, and growing need to enhance safety and efficiency of the surgical procedure and reduce operational time are among the primary factors driving growth of the hospitals & clinics segment.
North America Accounts for Largest Revenue Share in the Global Vessel Sealing Devices Market:
North America emerged as the leading regional market in the global vessel sealing devices market in 2020. Key factors contributing to market revenue growth in this region are growing geriatric population, rising prevalence of urological, cardiovascular, and gynecological disorders, and increasing number of laparoscopic and open surgical procedures. Growing need for minimally invasive surgical procedures, increasing healthcare expenditures, and presence of state-of-the-art healthcare infrastructure in the region are other major factors boosting the North America market growth.
Asia Pacific Continues to Lead in Terms of Revenue CAGR:
The vessel sealing devices market in the Asia Pacific region is projected to register the fastest growth in revenue over the forecast period. Growing awareness of minimally invasive and non-invasive surgical procedures, rising adoption of technologically advanced surgical equipment, and rapidly evolving healthcare infrastructure of the region, particularly in developing countries such as India, China, and Japan, are major factors accounting for the Asia Pacific market growth.
Major Companies Profiled in the Report:
- Medtronic Plc
- Olympus Corporation
- OmniGuide Inc.
- Bolder Surgical, LLC
- Braun Melsungen AG
- Medical Devices Business Services, Inc.
- Karl Leibinger Medizintechnik GmbH & Co. KG
- Erbe Elektromedizin GmbH
- Boston Scientific Corporation
- BOWA-electronic GmbH & Co. KG
- CONMED Corporation
- Symmetry Surgical Inc.
- XCELLANCE Medical Technologies Pvt Ltd.
- Lamidey Noury F.R.
Strategies and Objectives of the Major Companies:
- In July 2021, Bolder Surgical, LLC, a leading surgical equipment manufacturer based in the U.S., added the all-new Reveal Open Vessel Sealer/Dissector/Divider to its portfolio of CoolSeal™ vessel sealing solutions. The new device is specifically designed for otolaryngological procedures that essentially require high visibility of the surgical field. The Reveal device comes with a shafted design and curved dual-action jaws that efficiently seal, divide, and dissect blood vessels without damaging the adjacent critical structures.
What Our Report Provides and Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global vessel sealing devices market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global vessel sealing devices market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global vessel sealing devices market is segmented on the basis of product, procedure type, technology, application, energy, end-use, and region:
Product Outlook (Revenue, USD Billion; 2023-2032)
Procedure Type Outlook (Revenue, USD Billion; 2023-2032)
- Open Surgery
Technology Outlook (Revenue, USD Billion; 2023-2032)
- LigaSure Technology
- PlasmaKinetic Technology
- Harmonic Scalpel
- Ligamax 5 Technology
- EnSeal Technology
Application Outlook (Revenue, USD Billion; 2023-2032)
- General Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Gynecological Surgery
Energy Outlook (Revenue, USD Billion; 2023-2032)
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Specialty Clinics
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Buy quantitative research Report at discounted price – USD 1500 https://www.qyresearchmedical.com/report/checkout/119376/1500
You can place an order or ask any questions, please feel free to contact email@example.com | +1 9197 992 333
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover North America, Europe, Latin America, Middle East and Africa, Asia- Pacific.
For Latest Update Follow Us: