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Vessel Sealing Devices Market Size
Vessel Sealing Devices Market size was valued at around USD 3 billion in 2023 and is anticipated to register a CAGR of over 7.4% between 2024 and 2032 due to increasing prevalence of chronic ailments and rising demand for minimally invasive surgeries among ageing population.
Technological advancements pertaining to vessel sealing devices has increased the product adoption rate across several healthcare facilities globally. Additionally, increasing awareness regarding surging elective procedures has driven the product acceptance rate. Rising healthcare spending for providing better healthcare infrastructure, increasing disposable income, and ageing population are some of the major factors responsible for increased adoption of vessel sealing devices globally.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 5.3 Billion |
| Historical Data for: | 2018 to 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 447 |
| Segments covered: | Product, Technology, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Vessel sealing devices are medical devices used during surgical procedures to securely seal blood vessels and other soft tissues. These devices are intended to provide efficient hemostasis by simultaneously sealing the vessel wall. Vessel sealing devices are often used in various surgical specialties such as general surgery, gynecology, urology, cardiovascular surgery, etc.
However, high cost of vessel sealing devices can be a significant barrier and impede the market growth. Vessel sealing devices can involve additional costs beyond the standard surgical procedures. Vessel sealing devices integrated with advance models that incorporate sophisticated technologies can range at a higher price than regular devices. For instance, the cost of vessel sealing devices can range between USD 2,500 to USD 7,000 and may vary according to the technology used. The high cost of these devices can limit their adoption, particularly in healthcare settings with budget constraints. Thus, high pricing of these devices can restrict their use in developing economies thereby limiting their use up to certain extent.
COVID-19 Impact
The recent outbreak of COVID-19 had negatively influenced the vessel sealing devices market revenue surge, specifically during the initial phase of 2020. The coronavirus outbreak proliferated the disease burden and hampered several global businesses including the healthcare sector. These conditions negatively impacted the market progression. Due to the travel restrictions, the published data indicates that the management of minimally invasive and elective surgical procedures was impacted by the pandemic unfavorably, thereby restricting the adoption of vessel sealing devices in several healthcare settings across the globe.
Although later the market recovered, thereby mitigating the initial impact. Furthermore, as the number of COVID-19 infected patients decreased significantly and several healthcare facilities began delivering healthcare services, thereby gradually returning the procedural volume to pre-pandemic levels.
Vessel Sealing Devices Market Trends
The increasing demand for minimally invasive procedures has augmented the market progress. There has been a significant increase in the number of minimally invasive procedures performed across various surgical specialties, including general surgery, gynaecology, urology, and others. For instance, according to the World Health Organization data, in 2022, around 354 million people were estimated to be suffering from chronic hepatitis and is expected to increase in the near future.
Vessel sealing devices are essential tools in these procedures, as they enable precise sealing and division of blood vessels and tissues. The ability to enhance procedural efficiency, improve surgical outcomes, and promote patient safety is driving the adoption of vessel sealing devices in a varied minimally invasive procedure. Therefore, the aforementioned factors are expected to fuel the market expansion.
Vessel Sealing Devices Market Analysis
Based on product, the vessel sealing devices market is segmented as generator, instruments, and accessories. The instrument segment is expected to grow at 7.3% CAGR by 2032. This high market share is due to increasing number of elective surgical procedures coupled with technological advancements in vessel sealing instruments. Vessel sealing devices offer several benefits including reduced bleeding, fast and efficient sealing of blood vessels and tissue bundles and minimized tissue trauma among others. These instruments are designed with precision allowing surgeons to accurately target and seal vessels without damaging surrounding tissues. The controlled energy delivery system in vessel sealing instruments helps minimize thermal spread and tissue trauma, enabling precise vessel sealing.
Based on technology, the market is segmented as bipolar, ultrasonic, monopolar and hybrid. The bipolar segment dominated the vessel sealing devices market in 2022 accounting for more than 41% of the total business share. This high market share in owing to several clinical benefits offered by bipolar technology used in vessel sealing devices. Bipolar vessel sealing devices allow for precise and controlled energy delivery to the targeted tissue. The bipolar configuration ensures that energy is confined between the two jaws of the device, minimizing thermal spread to surrounding tissues. These devices provide effective sealing of blood vessels, ensuring reliable haemostasis. This reduces the risk of bleeding complications during and after surgery.
Based on application, the vessel sealing devices market is segmented as general surgery and laparoscopic surgery. The laparoscopic surgery held a major market share accounting around USD 1.6 billion in 2022. This dominant market share is owing to increasing prevalence of chronic ailments and rising demand for minimally invasive procedures. Laparoscopic surgery aims to minimize the invasiveness of procedures and promote faster patient recovery. Vessel sealing devices provide an efficient and time-saving method during laparoscopic procedures. These devices allow surgeons to seal vessels, reducing surgical time and improving overall procedural efficiency quickly and effectively.
Based on end-use, the vessel sealing devices market is segmented as hospitals, ambulatory surgical centers, specialty clinics and others. The hospital segment projected to grow at 7% CAGR from 2023-2032. High adoption rate of advanced vessel sealing devices offering enhanced therapeutic outcomes and convenient laparoscopic and minimally invasive procedures would surge the patient preference for hospital setting. Increasing admissions with chronic disorders and growing disease related awareness initiatives along with the availability of highly skilled healthcare practitioners are some additional aspects that are fueling the expansion of the hospitals segment positively. Thus, availability and accessibility to advanced vessel sealing devices and better treatment & diagnosis coupled with the rising prevalence of chronic ailments will surge patient visits to hospitals.
North America vessel sealing devices market is predicted to reach around USD 1.9 billion by 2032. This market share is attributable to numerous variables including the presence of key market players, an increase in the number of minimally invasive procedures, and rising awareness regarding the clinical benefits offered by vessel sealing devices among others. Furthermore, technological advancements, ageing population and favorable reimbursement scenario are projected to boost market expansion in the region. As the incident cases of chronic ailment continues to rise in the region, the demand for efficient, proven, and effective vessel sealing devices is projected to propel significantly.
Vessel Sealing Devices Market Share
Some of the major players operating in the vessel sealing devices market are
- Aesculap
- B. Braun Melsungen AG
- Bolder Surgical, LLC
- BOWA Medical
- Erbe Elektromedizin GmbH
- Intuitive Surgical
- Johnson & Johnson
- KLS
- Martin Group
- Medtronic plc
- Micromed
- Olympus Corporation
- OmniGuide Holdings, Inc.
These leading market players are implementing advanced technologies to cater to the large unmet needs of the consumers. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Vessel Sealing Devices Industry Leaders:
- In June 2021, Ethicon a subsidiary of Johnson and Johnson announced the launch of ENSEAL X1 Curved Jaw, a vessel sealing device. This device is incorporated with advance bipolar energy device that increases procedural efficiency and provide better sealing and access to vessels and tissues. This innovative product launch helped the company to enhance their product portfolio and increase their business revenue.
- In January 2021, Bolder Surgical announced the launch of CoolSeal, a vessel sealing platform. The CoolSeal laparoscopic vessel sealer is incorporated with fine-tipped, dual-action jaws intended for general, urological and gynecological surgery. This strategic move helped the company to increase their market presence and gain a technological advancement over its peers.
Vessel sealing devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and Units from 2018 to 2032, for the following segments:
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By Product, 2018 - 2032 (USD Million & Units)
- Generator
- Instruments
- Accessories
By Technology, 2018 - 2032 (USD Million)
- Bipolar
- Ultrasonic
- Monopolar
- Hybrid
By Application, 2018 - 2032 (USD Million)
- General Surgery
- Laparoscopic Surgery
By End-use, 2018 - 2032 (USD Million)
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Sweden
- The Netherlands
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Thailand
- Philippines
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- Egypt
- Turkey
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