The Vessel Sealing Devices Market size worldwide experienced substantial growth in 2020 and is projected to maintain a steady revenue compound annual growth rate (CAGR) throughout the forecast period. Several key factors are driving the expansion of market revenue, including the increase in the global geriatric population, the prevalence of acute and chronic diseases, the growing volume of surgical procedures such as cardiovascular, urological, orthopedic, and gynecological surgeries, and the rising demand for advanced vessel sealing devices.
Vessel sealing devices play a crucial role in sealing the walls of blood vessels by utilizing bipolar electrothermal energy to denature the elastin and collagen present in the vessel walls. These non-invasive surgical devices are used to cut, coagulate, separate, and seal blood vessels. By enhancing the sealing power and speed of the device, the energy generator minimizes damage to adjacent tissues. Electrothermal bipolar vessel sealing (EBVS) devices are commonly utilized in laparoscopic and open surgical procedures. Over the past few decades, various blood vessel sealing technologies such as LigaSure, PlasmaKinetic, Harmonic Scalpel, Ligamax 5, and EnSeal have emerged. Vessel sealing devices are highly efficient and safe, preventing blood loss during surgeries and promoting faster healing.
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Key Factors Driving the Growth of the Global Vessel Sealing Devices Market: The growth of the global vessel sealing devices market is primarily driven by the increasing incidence of urological, cardiovascular, orthopedic, and gynecological disorders, the expanding patient population worldwide, the rising number of laparoscopic and open surgeries, and the growing demand for minimally invasive and non-invasive surgical procedures. The major advantages of vessel sealing devices, such as reduced blood loss, lower infection rates, decreased operative duration, and technological advancements, are contributing factors to the growth of the market. Additionally, the emergence of advanced surgical instruments with innovative features and government investments in the healthcare sector are expected to further boost market revenue growth.
Factors Restraining the Growth of the Global Vessel Sealing Devices Market: The growth of the global vessel sealing devices market revenue is hindered by certain unfavorable factors. The high costs of vessel sealing devices and the unaffordability of advanced and high-tech surgical procedures, particularly in less developed countries with lower-middle-income ranges, are expected to restrain market revenue growth during the forecast period. Furthermore, increasing complications associated with vessel sealing devices and their adverse medical consequences could further impede market growth.
Opportunities for Players Operating in the Global Vessel Sealing Devices Market: The need for safety, efficacy, and reliability of vessel sealing devices, along with the increasing adoption of technologically advanced vessel sealers with innovative features, presents significant growth opportunities for major players and new entrants in the global vessel sealing devices market. Industry leaders like Medtronic have expanded their product ranges to meet the demand, offering new additions such as the LigaSure blunt tip open and laparoscopic sealer, LigaSure exact dissector, LigaSure curved jaw open sealer, and the LigaSure Atlas tissue fusion open instrument.
Leading Procedure Type Segment in the Global Vessel Sealing Devices Market: The global vessel sealing devices market is segmented into laparoscopic and open surgery based on procedure type. The laparoscopic segment is expected to dominate the market and hold the largest revenue share during the forecast period. Laparoscopy is a minimally invasive surgical procedure used to closely examine organs in the abdomen. The extensive use of vessel sealing devices in laparoscopic procedures, the increasing number of laparoscopic surgeries, and the growing incidence of urological, cardiovascular, orthopedic, and gynecological disorders are major factors driving the growth of this segment.
Leading End-use Segment in the Global Vessel Sealing Devices Market: The hospitals & clinics segment accounted for the largest revenue share in 2020 within the global vessel sealing devices market. The segment's growth is attributed to the growing prevalence of chronic and acute disorders, increasing hospital admissions, a rise in the number of laparoscopic and open surgeries worldwide, and the need to enhance safety, efficiency, and reduce operational time in surgical procedures.
North America Holds the Largest Revenue Share in the Global Vessel Sealing Devices Market: In 2020, North America emerged as the leading regional market for vessel sealing devices. The market's growth in this region is driven by factors such as the growing geriatric population, the rising prevalence of urological, cardiovascular, and gynecological disorders, and the increasing number of laparoscopic and open surgical procedures. The demand for minimally invasive surgical procedures, the rise in healthcare expenditures, and the presence of state-of-the-art healthcare infrastructure also contribute to the growth of the North America market.
Asia Pacific Leads in Terms of Revenue CAGR: The Asia Pacific region is expected to witness the fastest growth in revenue in the vessel sealing devices market during the forecast period. Factors contributing to this growth include the increasing awareness of minimally invasive and non-invasive surgical procedures, the adoption of technologically advanced surgical equipment, and the rapid evolution of healthcare infrastructure, particularly in developing countries like India, China, and Japan.
Major Companies Profiled in the Report: The major companies profiled in the global vessel sealing devices market report include 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., and 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., introduced the Reveal Open Vessel Sealer/Dissector/Divider to its portfolio of CoolSeal™ vessel sealing solutions. The Reveal device is designed specifically for otolaryngological procedures that require high visibility of the surgical field. With its shafted design and curved dual-action jaws, the Reveal device effectively seals, divides, and dissects blood vessels without causing damage to adjacent critical structures.
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What Our Report Provides and Why Our Offering Is Better: Our report offers historical data points, forecasts, and revenue growth analysis at the global, regional, and country levels. It provides in-depth analysis of industry trends, consumption patterns, and market strategies for each region, major country, and segment from 2018 to 2028. Additionally, the report includes industry analysis, competitive landscape, company financials, and impact analysis. It presents a detailed view of the global vessel sealing devices market, encompassing changing dynamics and trends, scenarios, market and regional segmentation, investment analysis, product offerings, product launches, and historical, current, and projected revenues.
Detailed Segmentation in Our Report: For the purpose of our report, the global vessel sealing devices market is segmented based on product, procedure type, technology, application, energy, end-use, and region.
Product Outlook:
- Generators
- Instruments
- Accessories
Procedure Type Outlook:
- Laparoscopic
- Open Surgery
Technology Outlook:
- LigaSure Technology
- PlasmaKinetic Technology
- Harmonic Scalpel
- Ligamax 5 Technology
- EnSeal Technology
- Others
Application Outlook:
- General Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Gynecological Surgery
- Others
Energy Outlook:
- Bipolar
- Ultrasonic
- Hybrid
- Others
End-use Outlook:
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
Region Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
In conclusion, the global vessel sealing devices market is expected to experience steady revenue growth over the forecast period. Key drivers include the rise in the global geriatric population, increasing prevalence of acute and chronic diseases, growing volumes of surgical procedures, and the surging demand for advanced vessel sealing devices. The market is characterized by the use of non-invasive surgical devices that aid in sealing blood vessels, thereby preventing blood loss and enabling faster healing. While high costs and complications associated with vessel sealing devices pose challenges, there are opportunities for players to capitalize on the growing need for safe and technologically advanced devices. The report provides a comprehensive analysis of the market, including detailed segmentation, company profiles, and historical and projected revenues.
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