Direct Energy Devices Market Size, Share & COVID-19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Bipolar/Monopolar Direct Energy Devices & Electrosurgical Generators
- Year: 2020
- Scope: 10 Years
- Region: Global
- Published Date: 09/21/2020
- Type: MedCore
The global direct energy devices market size is expected to reach nearly $3 billion by 2026, with the electrosurgical generator segment showing the highest growth. Currently, over one-third of the global market share is controlled by Medtronic and Ethicon.
The market for direct energy devices is divided into monopolar and bipolar devices and electrosurgical generators. Direct energy products are necessary for cutting and coagulating tissue during surgery. Electrosurgery is commonly used during endoscopic, laparoscopic and open procedures. Monopolar and advanced bipolar products provide cutting and coagulation functions, while standard bipolar products are only used for coagulation.
Globally, the market demand for direct energy devices is growing, bolstered by newer, disposable advanced bipolar devices. Sales of advanced bipolar devices will also continue to facilitate new sales of electrosurgical generators, as hospitals look to upgrade their current systems to match their new direct energy and ultrasonic devices. The monopolar device market is expected to remain stable over the forecast period, with disposable products generating the vast majority of the market value in this segment.
How’s COVID-19 Impacting The Direct Energy Market?
In 2020, the global direct energy device market size saw a decrease decline of nearly 9% when compared to the valuation of $2.6 billion in 2019. The global market is expected to reach its pre-COVID levels in late 2021 and fully recover.
This market analysis considered different rates of canceled/postponed elective surgeries between specialties and also by regions, estimated for the three-month peak of the pandemic. The lowest share of postponed elective surgeries is estimated in Africa at slightly over 60% of elective surgeries. However, the same cannot be said for the European, North American, Latin American, and Asia Pacific regions.
What Are The Top Direct Energy Companies?
Globally, over 30% of the direct energy market share is controlled by Medtronic and Ethicon.
Medtronic dominates the global direct energy device market, which is attributed to the company’s strong presence in every segment. The LigaSure™ vessel sealing system has been the most successful of the advanced bipolar devices, outcompeting Ethicon’s ENSEAL® device over the last few years. The wide variety of available electrosurgical instruments and established reputation for quality has strongly contributed to Medtronic’s leading position in the direct energy market and will ensure that the company remains dominant over the next 6 years.
Ethicon is the second-leading competitor in the global direct energy device market, with a strong presence in the advanced bipolar, monopolar electrode, and monopolar hand device segments. Competing directly with Medtronic, Ethicon has been recently losing market share, and the company shifted its focus to ultrasonic devices, where it holds the leading share.
Top Global Direct Energy Device Companies Analyzed |
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Market Segmentation Summary
This market research takes a look at the largest segments within the global direct energy device market and provides a forecast of the Units Sold, Average Selling Prices, Market Sizes, and more. The segments included are:
- Monopolar Direct Energy Device Market | Global | 2020-2026
- Electrosurgical Generator Market | Global | 2020-2026
- Bipolar Direct Energy Device Market | Global | 2020-2026
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela, and more) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K., and more) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine, and more) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, and more) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, and more) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda, and more) |
| Base Year | 2019 |
| Forecast | 2020-2026 |
| Historical Data | 2016-2019 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Clinical Trials, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
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Top Global Direct Energy Device Companies Analyzed |
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iData’s 9-Step Research Methodology
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
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Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
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Direct Energy Devices Market Size, Share & COVID-19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Bipolar/Monopolar Direct Energy Devices & Electrosurgical Generators
$295 – $8,995
iData’s global intravascular ultrasound market MedCore covers the Bipolar/Monopolar Direct Energy Devices & Electrosurgical Generators markets. Medcores include a highly detailed and in-depth look at a segment in a market with all the associated sub- and sub-sub segments. iData MedCore reports allow users to delve deep into a specific market in order to obtain units sold, average selling prices (ASPs), market values, growth rates, a 10-year forecast including historical and future market estimates, and competitor market shares of any given market segment.
- 2020
- 10 Years
- Global
- 09/21/2020
- MedCore
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