Summary

Vessel Sealing Devices Market Growth & Trends

The global vessel sealing devices market size is anticipated to reach USD 2.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 8.1% from 2021 to 2028. The key factors driving the market growth include the rising number of surgeries across the globe, aging population, and technological advancements.

The COVID-19 pandemic resulted in several challenges such as logistical bottlenecks, low demand, decreased sales and marketing activities, and reduced sales. The key impact, however, was the cancellation or postponement of elective surgeries during the pandemic. Most nations went under lockdown with the implementation of movement restrictions while academic societies and regulatory bodies recommended postponement of elective surgical procedures. According to Harvard Business Review, around a 4.8% GDP decline in the American economy, in the first quarter of 2020, could be attributed to deferred healthcare services, in particular delayed elective procedures. The resumption of elective surgeries is expected to lead to increased demand over the coming years.

The number of surgeries performed is a key contributor to the market growth. In the U.S. increasing prevalence of chronic diseases and an aging population, are leading to increase in the number of surgical procedures performed every year. According to the U.S. Census Bureau, an estimated 75 million of the 328 million U.S. population, were aged 60 years and older in 2019. This implies that a significant number of American citizens are vulnerable to chronic and acute conditions, leading to an increased number of surgeries.

According to Definitive Healthcare, LLC, as of 2019, there were about 9,280 active ambulatory surgery centers in the U.S. This high number also contributes to market growth. In addition, ASCs enable large volumes of surgeries in a short period, which is expected to fuel the market growth during the forecast period.

The adoption of automated and robotic systems in surgery is another driver estimated to contribute to the market growth. In a study conducted by the University of Michigan, School of Medicine, it was found that from 2012 to 2018 the use of robotic technology in general surgery increased from 1.8% to 15.1%. Market players are leveraging this trend to introduce new products, expand their regional presence, and increase their market share. Bolder Surgical, partnered with Intuitive Surgical to provide an exclusive licensing agreement to its energy-based vessel sealing and tissue stapling technologies for use in the latter’s robotic-assisted surgery solutions. In May 2021, Bowa Medical opened a new office in Cairo to control and support sales activities for Turkey, Iran, Pakistan, and the entire Middle East region.

Vessel Sealing Devices Market Report Highlights

• Rising prevalence of chronic diseases is increasing the number of surgeries performed around the globe. This is one of the key contributing factors towards market growth

• The application segment was dominated by laparoscopic surgery in 2020 owing to wider use of vessel sealing devices in these procedures, while the general surgery segment held a significant share. In June 2021, for instance, Johnson and Johnson’s Ethicon launched ENSEAL X1 Curved Jaw Tissue Sealer for use in colorectal, bariatric surgery, gynecological, and thoracic procedures

• The laparoscopic surgery segment, however, is also anticipated to grow the fastest due to rise in technological advancements and minimally invasive surgeries

• The instruments segment held the largest revenue share in 2020 and is also expected to register the highest CAGR over the forecast period. Easy availability of instruments is one of the primary factors driving this segment

• The hospitals and specialty clinics segment held the largest revenue share of 57.4% in 2020, as they are the primary point of care for treatment. Furthermore, hospitals and specialty clinics are known to offer superior care to their patients and treatment at these centers are generally reimbursed, which drives adoption

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Table of Contents

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.1.1 Segment scope
1.1.2 Regional scope
1.1.3 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information procurement
1.3.1 Purchased database
1.3.2 GVR’s internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Formulation & Validation
1.6 Model Details
1.7 List of Secondary Sources
1.8 Objectives
Chapter 2 Executive Summary
2.1 Vessel Sealing Devices Market Summary
Chapter 3 Vessel Sealing Devices Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping, 2020
3.3 Vessel Sealing Devices Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing number of surgeries
3.3.1.2 Rising Technological advancements
3.3.1.3 Increasing preference for minimally invasive surgeries
3.3.2 Market restraint analysis
3.3.2.1 High cost of vessel sealing devices
3.3.3 Market opportunity analysis
3.3.4 Market challenge analysis
3.4 Vessel Sealing Devices Market Analysis Tools: Porters
3.4.1 Supplier Power
3.4.2 Buyer Power
3.4.3 Substitution Threat
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Vessel Sealing Devices Industry Analysis - PEST (Political & Legal, Economic, Social, and Technological)
3.5.1 Political/Legal Landscape
3.5.2 Economic Landscape
3.5.3 Social Landscape
3.5.4 Technology Landscape
3.6. Regulatory Landscape
Chapter 4 COVID-19 Impact Analysis
4.1 COVID-19 Prevalence Analysis
4.2 Regulatory requirements/changes due to COVID-19
4.3 Strategies implemented by companies
Chapter 5 Vessel Sealing Devices Market: Segment Analysis, By Application, 2016 - 2028 (USD Million)
5.1 Market Share Analysis, 2020 & 2028
5.2 Market, by Application, 2016 to 2028
5.3 General Surgery
5.3.1 Market, 2016 - 2028 (USD Million)
5.4 Laparoscopic Surgery
5.4.1 Market, 2016 - 2028 (USD Million)
Chapter 6 Vessel Sealing Devices Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
6.1 Market Share Analysis, 2020 & 2028
6.2 Vessel Sealing Devices market, by Product, 2016 to 2028
6.3 Generators
6.3.1 Market, 2016 - 2028 (USD Million)
6.4 Instruments
6.4.1 Market, 2016 - 2028 (USD Million)
6.5 Accessories
6.5.1 Market, 2016 - 2028 (USD Million)
Chapter 7 Vessel Sealing Devices Market: Segment Analysis, By End User, 2016 - 2028 (USD Million)
7.1 Market Share Analysis, 2020 & 2028
7.2 Market, By End User, 2016 to 2028
7.3 Hospitals & Specialty Clinics
7.3.1 Market, 2016 - 2028 (USD Million)
7.4 Ambulatory Surgical Centers
7.4.1 Market, 2016 - 2028 (USD million)
Chapter 8 Vessel Sealing Devices Market: Regional Market Analysis 2016 - 2028 (USD Million)
8.1 Definition & Scope
8.2 Regional Movement Analysis, 2020 & 2028
8.3 Regional Market Snapshot
8.4 North America
8.4.1 Market, 2016 - 2028 (USD Million)
8.4.2 U.S.
8.4.2.1 Market, 2016 - 2028 (USD Million)
8.4.3 Canada
8.4.3.1 Market, 2016 - 2028 (USD Million)
8.5 Europe
8.5.1 Market, 2016 - 2028 (USD Million)
8.5.2 U.K.
8.5.2.1 Market, 2016 - 2028 (USD Million)
8.5.3 Germany
8.5.3.1 Market, 2016 - 2028 (USD Million)
8.5.4 France
8.5.4.1 Market, 2016 - 2028 (USD Million)
8.5.5 Italy
8.5.5.1 Market, 2016 - 2028 (USD Million)
8.5.6 Spain
8.5.6.1 Market, 2016 - 2028 (USD Million)
8.6 Asia Pacific
8.6.1 Market, 2016 - 2028 (USD Million)
8.6.2 Japan
8.6.2.1 Market, 2016 - 2028 (USD Million)
8.6.3 China
8.6.3.1 Market, 2016 - 2028 (USD million)
8.6.4 India
8.6.4.1 Market, 2016 - 2028 (USD Million)
8.6.5 Australia
8.6.5.1 Market, 2016 - 2028 (USD Million)
8.6.6 South Korea
8.6.6.1 Market, 2016 - 2028 (USD Million)
8.7 Latin America
8.7.1 Market, 2016 - 2028 (USD Million)
8.7.2 Brazil
8.7.2.1 Market, 2016 - 2028 (USD Million)
8.7.3 Mexico
8.7.3.1 Market, 2016 - 2028 (USD Million)
8.7.4 Argentina
8.7.4.1 Market, 2016 - 2028 (USD Million)
8.8 MEA
8.8.1 Market, 2016 - 2028 (USD Million)
8.8.2 South Africa
8.8.2.1 Market, 2016 - 2028 (USD Million)
8.8.3 Saudi Arabia
8.8.3.1 Market, 2016 - 2028 (USD Million)
Chapter 9 Vessel Sealing Devices Market - Competitive Analysis
9.1 Market Participant Categorization
9.1.1 Company Market Position Analysis, heat map analysis
9.1.2 Synergy Analysis: Major Deals & Strategic Alliances
9.1.3 Market Leaders
9.1.4 Innovators
9.2 List of Key Companies
Chapter 10 Vessel Sealing Devices Market - Company Profiles
10.1 Medtronic
10.1.1 Company overview
10.1.2 Financial performance
10.1.3 Product benchmarking
10.1.4 Strategic initiatives
10.2 Olympus Corporation
10.2.1 Company overview
10.2.2 Financial performance
10.2.3 Product benchmarking
10.2.4 Strategic initiatives
10.3 B. Braun Melsungen AG
10.3.1 Company overview
10.3.2 Financial performance
10.3.3 Product benchmarking
10.3.4 Strategic initiatives
10.4 Medical Devices Business Services, Inc. (Johnson & Johnson)
10.4.1 Company overview
10.4.2 Financial performance
10.4.3 Product benchmarking
10.4.4 Strategic initiatives
10.5 Erbe Elektromedizin GmbH
10.5.1 Company overview
10.5.2 Financial performance
10.5.3 Product benchmarking
10.5.4 Strategic initiatives
10.6 Bowa Medical
10.6.1 Company overview
10.6.2 Financial performance
10.6.3 Product benchmarking
10.6.4 Strategic initiatives
10.7 OmniGuide Holdings, Inc.
10.7.1 Company overview
10.7.2 Financial performance
10.7.3 Product benchmarking
10.7.4 Strategic initiatives
10.8 Intuitive Surgical
10.8.1 Company overview
10.8.2 Financial performance
10.8.3 Product benchmarking
10.8.4 Strategic initiatives
10.9 Bolder Surgical, LLC
10.9.1 Company overview
10.9.2 Financial performance
10.9.3 Product benchmarking
10.9.4 Strategic initiatives
10.10 KLS Martin Group
10.10.1 Company overview
10.10.2 Financial performance
10.10.3 Product benchmarking
10.10.4 Strategic initiatives







List of Tables

Table 1 List of secondary sources
Table 2 List of Key companies
Table 3 North America Vessel Sealing Devices market, by country, 2016 - 2028 (USD Million)
Table 4 North America Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 5 North America Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 6 North America Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 7 U.S. Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 8 U.S. Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 9 U.S. Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 10 Canada Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 11 Canada Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 12 Canada Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 13 Europe Vessel Sealing Devices market, by country, 2016 - 2028 (USD Million)
Table 14 Europe Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 15 Europe Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 16 Europe Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 17 U.K. Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 18 U.K. Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 19 U.K. Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 20 Germany Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 21 Germany Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 22 Germany Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 23 France Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 24 France Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 25 France Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 26 Italy Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 27 Italy Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 28 Italy Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 29 Spain Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 30 Spain Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 31 Spain Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 32 Asia Pacific Vessel Sealing Devices market, by country, 2016 - 2028 (USD Million)
Table 33 Asia Pacific Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 34 Asia Pacific Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 35 Asia Pacific Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 36 China Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 37 China Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 38 China Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 39 Japan Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 40 Japan Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 41 Japan Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 42 India Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 43 India Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 44 India Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 45 Australia Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 46 Australia Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 47 Australia Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 48 South Korea Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 49 South Korea Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 50 South Korea Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 51 Latin America Vessel Sealing Devices market, by country, 2016 - 2028 (USD Million)
Table 52 Latin America Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 53 Latin America Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 54 Latin America Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 55 Brazil Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 56 Brazil Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 57 Brazil Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 58 Mexico Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 59 Mexico Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 60 Mexico Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 61 Argentina Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 62 Argentina Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 63 Argentina Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 64 MEA Vessel Sealing Devices market, by country, 2016 - 2028 (USD Million)
Table 65 MEA Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 66 MEA Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 67 MEA Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 68 South Africa Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 69 South Africa Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 70 South Africa Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)
Table 71 Saudi Arabia Vessel Sealing Devices market, by product, 2016 - 2028 (USD Million)
Table 72 Saudi Arabia Vessel Sealing Devices market, by end user, 2016 - 2028 (USD Million)
Table 73 Saudi Arabia Vessel Sealing Devices market, by application, 2016 - 2028 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Commodity workflow analysis
Fig. 9 Vessel Sealing Devices market snapshot, 2020 (USD Million)
Fig. 10 Vessel Sealing Devices market segmentation and scope
Fig. 11 Parent market outlook
Fig. 12 Ancillary market outlook
Fig. 13 Penetration & growth prospect mapping, 2020
Fig. 14 Vessel Sealing Devices market dynamics analysis
Fig. 15 Vessel Sealing Devices market driver analysis
Fig. 16 Vessel Sealing Devices market restraint analysis
Fig. 17 COVID-19 disease prevalence
Fig. 18 Vessel Sealing Devices market: Product movement analysis, 2020 & 2028
Fig. 19 Vessel Sealing Devices market Product outlook: Key takeaways
Fig. 20 Generators market, 2016 - 2028 (USD Million)
Fig. 21 Instruments market, 2016 - 2028 (USD Million)
Fig. 22 Accessories market, 2016 - 2028 (USD Million)
Fig. 23 Vessel Sealing Devices market: End-user movement analysis 2020 & 2028
Fig. 24 Vessel Sealing Devices market End-user outlook: Key takeaways
Fig. 25 Hospitals & Specialty Clinics market, 2016 - 2028 (USD Million)
Fig. 26 Ambulatory Surgical Centers market, 2016 - 2028 (USD Million)
Fig. 27 Vessel Sealing Devices market: Application movement analysis 2020 & 2028
Fig. 28 Vessel Sealing Devices market application outlook: Key takeaways
Fig. 29 General Surgery market, 2016 - 2028 (USD Million)
Fig. 30 Laparoscopic Surgery market, 2016 - 2028 (USD Million)
Fig. 31 Vessel Sealing Devices market: Regional movement analysis 2020 & 2028
Fig. 32 Vessel Sealing Devices market regional outlook: Key takeaways
Fig. 33 North America Vessel Sealing Devices market share, by country, 2020
Fig. 34 North America Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 35 U.S. Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 36 Canada Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 37 Europe Vessel Sealing Devices market share, by country, 2020
Fig. 38 Europe Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 39 Germany Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 40 France Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 41 U.K. Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 42 Italy Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 43 Spain Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 44 Asia Pacific Vessel Sealing Devices market share, by country, 2020
Fig. 45 Asia Pacific Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 46 Japan Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 47 China Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 48 India Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 49 Australia Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 50 South Korea Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 51 Latin America Vessel Sealing Devices market share, by country, 2020
Fig. 52 Latin America Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 53 Brazil Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 54 Mexico Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 55 Argentina Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 56 MEA Vessel Sealing Devices market share, by country, 2020
Fig. 57 MEA Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 58 South Africa Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 59 Saudi Arabia Vessel Sealing Devices market, 2016 - 2028 (USD Million)
Fig. 60 Market participant categorization
Fig. 61 Company market position analysis: Heat map analysis