The global vessel sealing devices market is expected to grow significantly from USD 3,585.2 million in 2018 to USD 5,236.4 million in 2025, at a CAGR of 5.6% from 2019 to 2025.The demand for vessel sealing devices is owing to the rising demand of minimally invasive surgical procedures, and development of advanced vessel sealing instruments. Moreover, favorable government initiatives and growing investment in research & development activities are further propelling the industry growth. However, complications related to vessel sealing devices may hamper market growth to some extent.
Recent advances in surgical technology have led to increased use of various energy sources for sealing, cutting blood vessels, and coagulating. The use of energy-based devices has become more popular in laparoscopic surgery. Vessel sealing devices have been developed to enable dissection and hemostasis during surgical procedures. These devices enable surgeons to improve the efficiency and safety of the procedures, with reduced thermal injury to surrounding tissues.
Bipolar Devices Drives the Market Demand
Bipolar segment is projected to grow at a healthy CAGR during 2019-2025. Bipolar device is one of the widely used energy sources, as they are very good at sealing blood vessels. Moreover, advancements in bipolar devices have resulted in excellent vessel sealers through a process of uniform compression and efficient energy delivery. Additionally, growing demand in laparoscopic surgeries, such as gynecological procedures is further propelling the industry growth over the forecast period.
Vessel Sealing Devices Market – Regional insight
North America held the major share of the global vessel sealing devices market in 2018. However, Asia-Pacific is expected to register the highest CAGR during the 2019-2025, owing to rising trend of medical tourism, and growing government initiatives in the region.
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the vessel sealing devicesmarket and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for thevessel sealing devicesmarket
Finalizing the overall size and share for the global vessel sealing devicesmarket
The years used for the assessment are as follows;
Historical year : 2015, 2016 and 2017
Base year : 2018
Forecast period: 2019 – 2025
To classify global vessel sealing devicesmarket into segments on the basis of material, product type, end-user and regionto analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with vessel sealing devices
Profiling key companies operating in the global vessel sealing devicesmarket
To study market response with respect to the mergers and acquisitions in the industry