Electrosurgical Devices Market Size

Electrosurgical Devices Market Size

Electrosurgical Devices Market size was worth more than USD 8.9 billion in 2022 and is anticipated to expand at a 5.3% CAGR from 2023-2032. Rising number of surgical procedures performed worldwide will accelerate industry growth.

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The steady rise in the number of surgical procedures performed across the globe is expected to fuel the demand for state-of-the-art electrosurgical procedures. The growing awareness regarding latest technological breakthroughs in medical devices based on artificial intelligence (AI) tools, such as deep learning will positively influence the industry outlook. Over the past few years, the prevalence of chronic illnesses has risen stronger resulting in higher health concerns associated with disability and mortality, particularly across low and middle-income countries.

Higher toxicity associated with surgical instruments may impede product demand

The growing concerns associated with toxic fumes generated by tools and devices used in surgical procedures could restrain the electrosurgical devices industry progress. Electrosurgical devices are known to produce harmful smoke which can compromise both patient as well as staff health. According to the American Safety & Health Administration, approximately 500,000 healthcare personnel are exposed to electrosurgical fumes annually.  Hence, the high exposure to a combination of hazardous gases including hydrogen cyanide, carbon monoxide, and benzene poses a risk of non-acute health complications, and long-lasting side effects, leading to restrained electrosurgical devices market expansion.