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Electrosurgical Devices - US Analysis and Market Forecasts

Published: Mar 1, 2016 | Pages: 104 | Publisher: GlobalData | Industry: Medical Devices | Report Format: Electronic (PDF)

Electrosurgical Devices - US Analysis and Market Forecasts

Summary

Electrosurgical generators and instruments have become indispensable tools in cutting, sealing, and coagulating tissue during a variety of open and laparoscopic procedures. Radiofrequency equipment has been the mainstay in the operating room since the advent of surgical energy, but ultrasonic generators and instruments have slowly gained acceptance in surgical settings. Furthermore, manufacturers have introduced entirely new modalities, such as argon plasma coagulation, to address needs in specific arenas such as flexible endoscopy and bronchoscopy. Surgical technology firms have begun to develop specialty instruments for particular indications and surgical procedures.

The US electrosurgical devices market has been estimated in this report up to 2021. The report provides an investigation of unmet needs, future adoption trends and compound annual growth rates (CAGR) for each market segment. In addition, this report presents the current market drivers and barriers which will influence the future market growth of electrosurgical devices.

Highlights

Key Questions Answered

- What is the current and future market outlook for electrosurgical devices in the US markets?
- Which are the key, high growth markets? Which segments are growing the fastest?
- What are the unmet needs? What is the Scope for more innovation and what are the end-users looking for in their products?
- What are some of the newer innovations that may fulfill these unmet needs? What are the physician perceptions and market outlooks?
- Medtronic, Olympus, and Ethicon became market leaders by offering a variety of products in different electrosurgical modalities, including monopolar, bipolar, and ultrasonic surgeries. Other companies, such as ConMed, Erbe, and Bovie Medical have remained innovative in order to compete with the larger manufacturers. What are their market shares in the US and which companies constitute the remainder of the market?

Reasons To Buy

- "What Physicians Think" quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. In this report you will understand the perceptions of leading physicians and other stakeholders from around the world. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.
 Table of Contents
1 Table of Contents 4 1.1 List of Tables 7 1.2 List of Figures 10 2 Industry Overview 11 2.1 Catalyst 11 2.2 Related Reports 11 2.3 Technology Overview 11 2.3.1 Surgical Generators 11 2.3.2 Electrosurgical Instruments 13 2.3.3 Smoke Evacuation Systems 15 2.4 Key Mergers, Acquisitions, and Deals 16 2.5 Product Recalls 17 3 Market Access 18 3.1 Regulation 18 3.2 Reimbursement 19 3.3 Acquiring Equipment 19 4 Unmet Needs 21 4.1 Insufficient Education and Training 21 4.2 Continuing Support from Manufacturers 22 4.3 Addressing Undetected Injuries 23 4.4 Addressing Device Risks 24 4.5 Surgical Smoke 26 4.6 Multi-purpose Devices 27 5 Drivers and Barriers 28 5.1 Driver: Increasing Number of Minimally Invasive Procedures 28 5.2 Driver: The Growth of Computer-Assisted Surgery 28 5.3 Driver: Aging Populations 29 5.4 Driver: Untapped Potential in Emerging Markets 29 5.5 Barrier: Difficult Healthcare Systems 30 5.6 Barrier: Safety Concerns 31 5.7 Barrier: Regulatory Issues 31 5.8 Barrier: Diminishing Venture Capital 32 6 Competitive Assessment 33 6.1 Currently Marketed Products 33 6.1.1 Surgical Generators 33 6.1.2 Electrosurgical Instruments 42 6.1.3 Smoke Evacuation Systems 57 6.2 Pipeline Assessment and Key Clinical Trials 59 6.2.1 US Medical Innovations 59 6.2.2 Steam Jet Surgical Energy Device 59 6.2.3 Aerosol Plasma Coagulation 59 7 Current and Future Players 61 7.1 B. Braun 61 7.1.1 SWOT Analysis 62 7.2 Boston Scientific 62 7.2.1 SWOT Analysis 64 7.3 Bovie Medical Corporation 64 7.3.1 SWOT Analysis 65 7.4 ConMed 65 7.4.1 SWOT Analysis 66 7.5 CooperSurgical 67 7.5.1 SWOT Analysis 68 7.6 Erbe 68 7.6.1 SWOT Analysis 69 7.7 Ethicon Endo-Surgery (Johnson & Johnson) 69 7.7.1 SWOT Analysis 70 7.8 Karl Storz 71 7.8.1 SWOT Analysis 71 7.9 KLS Martin 72 7.9.1 SWOT Analysis 72 7.10 Medtronic 72 7.10.1 SWOT Analysis 73 7.11 MegaDyne 74 7.11.1 SWOT Analysis 74 7.12 Olympus 74 7.12.1 SWOT Analysis 75 7.13 Richard Wolf 76 7.13.1 SWOT Analysis 76 7.14 Symmetry Surgical 77 7.14.1 SWOT Analysis 77 7.15 Utah Medical Products 78 7.15.1 SWOT Analysis 78 7.16 Other Players 79 8 Market Outlooks 80 8.1 Company Share Analysis 80 8.1.1 US 80 8.2 Market Forecasts by Geography 81 8.2.1 US 81 9 Appendix 85 9.1 Bibliography 85 9.2 Abbreviations 97 9.3 Methodology 99 9.3.1 Overview 99 9.3.2 Coverage 99 9.3.3 Secondary Research 99 9.4 Forecasting Methodology 100 9.5 Physicians and Specialists Included in This Study 101 9.5.1 Key Opinion Leaders 101 9.6 Primary Research Summary 101 9.7 About the Authors 102 9.7.1 Shashank Settipalli, Analyst, Medical Devices 102 9.7.2 Tyler Fletcher, Global Head of Medical Devices 102 9.8 About GlobalData 103 9.9 Disclaimer 103
List of Tables
Table 1: Key Mergers and Acquisitions (2014-2016) 16 Table 2: Product Recalls (2014-2015) 17 Table 3: Key Marketed RF Generators 34 Table 4: RF Surgical Generators SWOT Analysis, 2016 37 Table 5: Key Marketed Ultrasonic Generators 38 Table 6: Ultrasonic Surgical Generators SWOT Analysis, 2016 39 Table 7: Key Marketed APC Generators 40 Table 8: APC Generators SWOT Analysis, 2016 41 Table 9: Key Marketed Electrocautery Generators 42 Table 10: Electrocautery Generators SWOT Analysis, 2016 42 Table 11: Key Marketed Monopolar Instruments 44 Table 12: Monopolar Instruments SWOT Analysis, 2016 45 Table 13: Key Marketed Bipolar Forceps 46 Table 14: Bipolar Forceps SWOT Analysis, 2016 47 Table 15: Key Marketed Advanced Bipolar Tissue and Vessel Sealers 48 Table 16: Advanced Bipolar Tissue and Vessel Sealers SWOT Analysis, 2016 49 Table 17: Key Marketed Ultrasonic Instruments 51 Table 18: Ultrasonic Instruments SWOT Analysis, 2016 53 Table 19: Key Marketed APC Instruments 54 Table 20: APC Instruments SWOT Analysis, 2016 55 Table 21: Key Marketed Specialized Instruments 57 Table 22: Key Marketed Smoke Evacuation Systems 58 Table 23: Smoke Evacuation Systems SWOT Analysis, 2016 58 Table 24: B. Braun Company Profile 61 Table 25: B. Braun SWOT Analysis, 2016 62 Table 26: Boston Scientific Company Profile 63 Table 27: Boston Scientific SWOT Analysis, 2016 64 Table 28: Bovie Medical Corporation Company Profile 65 Table 29: Bovie Medical Corporation SWOT Analysis, 2016 65 Table 30: ConMed Company Profile 66 Table 31: ConMed SWOT Analysis, 2016 66 Table 32: CooperSurgical Company Profile 67 Table 33: The Cooper Companies SWOT Analysis, 2016 68 Table 34: Erbe Company Profile 69 Table 35: Erbe SWOT Analysis, 2016 69 Table 36: Ethicon Endo-Surgery Company Profile 70 Table 37: Ethicon SWOT Analysis, 2016 70 Table 38: Karl Storz Company Profile 71 Table 39: Karl Storz SWOT Analysis, 2016 71 Table 40: KLS Martin Company Profile 72 Table 41: KLS Martin SWOT Analysis, 2016 72 Table 42: Medtronic Company Profile 73 Table 43: Medtronic SWOT Analysis, 2016 73 Table 44: MegaDyne Company Profile 74 Table 45: MegaDyne SWOT Analysis, 2016 74 Table 46: Olympus Company Profile 75 Table 47: Olympus SWOT Analysis, 2016 75 Table 48: Richard Wolf Company Profile 76 Table 49: Richard Wolf SWOT Analysis, 2016 76 Table 50: Symmetry Medical Company Profile 77 Table 51: Symmetry Medical SWOT Analysis, 2016 77 Table 52: Utah Medical Products Company Profile 78 Table 53: Utah Medical Products SWOT Analysis, 2016 78 Table 54: Additional Companies in the Electrosurgical Devices Market 79 Table 55: US Market Value Forecast by Segment for Electrosurgical Devices, $m, 2011-2021 82


List of Figures
Figure 1: US Company Share for Surgical Generators, 2014 80 Figure 2: US Company Share for Electrosurgical Instruments, 2014 81 Figure 3: US Market Value Forecast by Segment for Electrosurgical Devices, 2011-2021 81 Figure 4: US Market Value Forecast by Segment for Surgical Generators, 2011-2021 83 Figure 5: US Market Value Forecast by Segment for Electrosurgical Instruments, 2011-2021 84

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