New York, NY, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Vessel Sealing Devices Market Share, Size, Trends, Industry Analysis Report, By Application (General Surgery, Laparoscopic); By Region; Segment Forecast, 2022-2030” in its research database.
“According to the latest research study, the global Vessel Sealing Devices Market size & share are expected to generate revenue of USD 2,906.01 million by 2030 and are estimated to be valued at USD 1,395.70 million in 2021, at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030”
What are Vessel Sealing Devices? What is the Expected Size & Share of Vessel Sealing Devices Market?
- Report Overview
Vessel sealing technology is used in minimally invasive surgical procedures to seal vessels. Vessel sealing devices are commonly used for cutting, coagulating, separating, and closing blood vessels. The devices use pressure and energy in the field of endoscopic surgery. For instance, Medtronic, a leader in the market for vascular sealing devices, registered record sales of USD 5.4 million for its portfolio of surgical innovations,
These devices are efficient in sealing vessels up to 7 mm in diameter. Vessel sealing devices are safe to use, efficient and require lesser time to seal the blood vessels. The growing product improvement is majorly driving the market growth. The increasing requirement for vessel sealing technologies that offer higher levels of uniformity, dependability, utility, efficiency, and safety is fueling the growth of the vessel sealing devices market demand.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- The updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Some of the Top Market Players Are:
- Medtronic
- Olympus Corporation
- B. Braun Melsungen AG
- Medical Devices Business Services Inc. (Johnson & Johnson)
- Erbe Elektromedizin GmbH
- Bowa Medical
- OmniGuide Holdings Inc.
- Intuitive Surgical
- Bolder Surgical LLC
- KLS Martin Group
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/vessel-sealing-devices-market/request-for-sample
Growth Driving Factors
- Increasing use of vessel sealing devices for minimally invasive surgeries is pushing the market growth
Rising product developments and an increasing number of surgical procedures are boosting market expansion. The growing use of vessel sealing devices for minimally invasive surgeries is accelerating the vessel sealing devices industry growth. The rising development of new devices that are safe and effective for minimally invasive surgeries is expected to boost the vessel sealing devices market size. Increasing R&D by Med-tech companies in proprietary low-power technology is fueling the device demand in patients of different age groups. Also, growing favorable investment in the healthcare sector by the various governments is fostering industry growth.
Moreover, the rise in demand for effective and safe surgical instruments to lessen infection rates and blood loss is anticipated to propel the market growth. The growing healthcare sector is another key factor bolstering market growth. A surge in cases of communicable and non-communicable diseases is further augmenting the healthcare sector, which is driving the market demand. Other vessel sealing devices market trends boosting its growth include the development of high-quality vessel-sealing devices and a rise in urological, gynecological, cardiovascular, and orthopedic procedures.
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Segmental Analysis
- The laparoscopic surgery segment accounted for the largest market share
Based on application, the laparoscopic surgery segment witnessed the major vessel sealing devices market share owing to the growing demand for minimally invasive procedures. The rising public awareness about the benefits of laparoscopic procedures drives segment growth. The market is also booming due to favorable reimbursement guidelines for laparoscopic procedures in the United States. A study conducted by the Department of Surgery, Cleveland Medical Center in 2020 in the United States shows that minimally invasive surgery is gaining more and more popularity, and general surgery locals are performing fewer open operations. This will lead to an increase in the need for vessel sealing devices over the forecast period. Moreover, general procedures have a small market share because they are expensive and extend post-operative hospital stays.
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Vessel Sealing Devices Market Report Scope
| Report Attribute | Details |
| Revenue forecast in 2030 | USD 2,906.01 Million |
| Market size value in 2022 | USD 1,511.40 Million |
| Expected CAGR Growth | 8.5% from 2022 - 2030 |
| Base Year | 2022 |
| Forecast Year | 2022 - 2030 |
| Top Market Players | Medtronic, Olympus Corporation, B. Braun Melsungen AG, Medical Devices Business Services, Inc. (Johnson & Johnson), Erbe Elektromedizin GmbH, Bowa Medical, OmniGuide Holdings, Inc., Intuitive Surgical, Bolder Surgical, LLC, KLS Martin Group |
| Segments Covered | By Application, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- The vessel sealing devices market demand in the Asia Pacific is anticipated to acquire significant growth in the market
Based on geography, Asia Pacific is predicted to grow at the fastest rate of CAGR over the forecast period. This growth prediction can be attributed to the rising number of investments by businesses to increase their regional presence and build out the infrastructure for healthcare.
Vessel sealing devices market in North America accounted for the highest revenue share in 2022 due to the rising presence of significant companies and hospitals with cutting-edge technology in the United States and Canada. Further, Europe generated the second-largest revenue share in 2022 owing to factors including the growing elderly population along with the increasing number of operations.
Browse the Detail Report “Vessel Sealing Devices Market Share, Size, Trends, Industry Analysis Report, By Application (General Surgery, Laparoscopic); By Region; Segment Forecast, 2022-2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/vessel-sealing-devices-market
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Recent Developments
- In November 2019, Intuitive Surgical received FDA authorization for their SynchroSeal vascular sealer and E-100 Generator for da Vinci X/Xi surgical systems.
Frequently Asked Questions
- Who are the crucial companies operating the market?
- What are the major industry norms influencing the development of the industry?
- Which is the most propelling country in the industry?
- Which application or product type will obtain progressive development possibilities during the forecast period?
- What is the expected growth rate of the market during the foreseen period?
Polaris Market Research has segmented the Vessel Sealing Devices Market report based on application, and region:
By Application Outlook
- General Surgery
- Laparoscopic Surgery
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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