Vessel-sealing Devices Marketto Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2023 to 2032
The vessel-sealing devices market share
is estimated to reach US$ 1,645.90 million in 2023 and the
market net worth is forecast to reach over US$ US$ 3,896.44 million by
2033. The global vessel-sealing devices market is expected to register a CAGR
of 9%.
It has been found that vessel-sealing devices are more effective in
several fields, such as laparoscopic surgery, neck surgery, and axillary
dissection. This is expected to drive the vessel-sealing market, which is
expected to dominate the healthcare market in the coming years.
With the advancement of surgical devices and increasing FDA approvals
for vessel-sealing devices, the market for vessel-sealing devices is expected
to grow during the forecast period.
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With fewer blood loss complications and less operating time, surgeons
have improved safety and efficiency. Technological advancements in surgical
devices and FDA guidelines regarding vessel-sealing devices are likely to drive
the growth of the market.
Surgical procedures, product developments, and minimally invasive
surgery are a few of the main drivers of this market.
Key Takeaways:
·
The vessel-sealing devices market is expected to increase at a
notable CAGR of 9%
·
North America is a prominent market for vessel-sealing devices and is
estimated to expand at a CAGR of 4.5% in the forecast period.
·
The United States is projected to account for 75%of the
North American vessel-sealing devices market.
·
Hospitals and specialty clinics are expected to account for a prominent
share of the market and rise at a CAGR of 4.86%.
Competitive Landscape
Manufacturers of vessel-sealing devices implement a variety of
strategies to meet the needs of domestic and international customers as part of
their competitive strategy. To satisfy the needs of domestic and international
customers, companies such as Medtronic PLC maintain a steady emphasis on
research and development to minimize risk during operations. Furthermore, to
gain an advantage over their competition, key players continue to develop
products through acquisition, partnerships, and innovation.
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Key companies in the market include Medtronic PLC, B Braun
Melsungen AG, and Erbe Medical India Pvt. Ltd, Olympus Corporation, Ethicon US
LLC (Johnson & Johnson), Boston Scientific Corporation, BOWA-electronic
GmbH & Co. KG, OmniGuide Holdings Inc., CONMED Corporation, Bolder Surgical
Holdings Inc, and others.
Recent Developments
·
Olympus Corporation, a Japan-based manufacturer, offers Thunderbeat
instrument lineups for endoscopic and open surgery. The device uses ultrasonic
energy for fast and precise dissection.
·
In September 2022, Olympus expanded its global footprint with an investment
of US$ 34 million in Coimbra, Portugal.
·
Ethicon’s Enseal X1 Curved Jaw Tissue Sealer was released in June 2021.
This product is used for gynecological, thoracic, bariatric, and colorectal
procedures.
·
Bolder Surgical, a developer and manufacturer of energy vessel sealing
surgical devices, was acquired by Hologic Inc., a medical technology company,
in October 2021 for US$ 160 million, to broaden their surgical portfolio.
Market Segments Covered in Vessel-Sealing Devices Market Analysis
By Application
·
General Surgery
·
Laparoscopic Surgery
By End User
·
Hospitals & Specialty Clinics
·
Ambulatory Surgical Centers
By Region
·
North America
·
Latin America
·
Europe
·
The Middle East and Africa
·
East Asia
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