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Ultrasonic Devices Market Size, Share & COVID19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Ultrasonic Instruments & Generators

  • Year: 2020
  • Scope: 10 Years
  • Region: Global
  • Published Date: 09/21/2020
  • Type: MedCore

The global ultrasonic devices market size is expected to reach over $1.4 billion by 2026, with the ultrasonic instrument market segment showing the highest growth. Currently, the majority of the global market share is controlled by Ethicon, Medtronic, and Olympus.

Global Ultrasonic Devices Market Size Growth, 2016-2026

Since the 1990s, the clinical benefits of ultrasonic devices have been becoming more desirable to end-users and became the main driver of the global market over time. When compared to direct energy devices, ultrasonic energy offers the benefits of excellent hemostasis, efficient transection, minimal lateral thermal damage, low smoke generation, and no risk of electrical current passage to the patient.

Although ultrasonic devices are often advertised as safer alternatives to direct energy devices, the instrument tips are still prone to excess heating, due to the electromechanical vibrations that produce the ultrasonic energy. This heat poses a risk to the patient and might become a major market limiter which is analyzed in detail in this market study.

How is COVID19 Impacting The Ultrasonic Device Market?

In 2020, the global ultrasonic devices market size saw a decrease of nearly 9% when compared to the valuation of $1.3 billion in 2019. The global market is expected to reach its pre-COVID level in late 2021 / early 2022 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 Ultrasonic Device Companies?

Currently, over 80% of the global ultrasonic device market share is controlled by Ethicon, Medtronic, and Olympus.

Top Ultrasonic Device Companies

Ethicon leads the global market for ultrasonic devices, which directly competes with the direct energy devices market. The company continues to dominate the ultrasonic market with its HARMONIC® product line. This series of reposable devices has also allowed Ethicon to lead the reposable ultrasonic segment with the vast majority of share within multiple global regions.

Medtronic is the second-leading competitor in the global ultrasonic device market. The company introduced the Sonicision™ ultrasonic dissection device, which was the industry’s first cordless ultrasonic dissection device. While Ethicon dominates the ultrasonic market, Medtronic leads the direct energy device market with its LigaSure™ device and competes with Ethicon for their portion of the ultrasonic market.

Olympus is the third-leading competitor in the global ultrasonic device market. Olympus’ THUNDERBEAT™ device was designed to harness both bipolar and ultrasonic energy in one instrument, which allows it to transect and seal vessels at the same time. However, this innovative technology could not replace Medtronic’s LigaSure™ and Ethicon’s HARMONIC® products.

Top Ultrasonic Device Companies Analyzed

  • Ethicon
  • Lamidey Noury
  • Medtronic
  • Misonix
  • Olympus
  • Reach Surgical
  • Soering

Market Segmentation Summary

This market research takes a look at the largest segments within the global ultrasonic device market and provides a forecast of the Units Sold, Average Selling Prices, Market Sizes, and more. The segments included are:

  • Ultrasonic Generators Market | Global | 2020-2026 
  • Ultrasonic Instruments 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 Ultrasonic Device Companies Analyzed

  • Ethicon
  • Lamidey Noury
  • Medtronic
  • Misonix
  • Olympus
  • Reach Surgical
  • Soering

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