Vessel Sealing Devices Market to Hit $7.7 Billion By 2030

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According to the report, the global vessel sealing devices market size was valued at US$ 4.3 Bn in 2020 and is expected to reach US$ 7.7 billion by 2030, expanding growth at a noteworthy CAGR of 5.2% from 2021 to 2030.

Vessel Sealing Devices Market (By Product: Generators, Instruments, Accessories; By Surgery: Laparoscopic, Open Surgery; By Application: General Surgery, Urological Surgery, Cardiovascular Surgery, Gynecology Surgery, Orthopedic Surgery, Others; By Energy: Bipolar, Ultrasonic, Hybrid, and Others; By End User) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

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Vessel sealing devices are used to seal the vessel wall by denaturing the collagen and elastin in the wall and completely occluding the blood vessel. Most common energy-based devices such as bipolar, ultrasonic, and hybrid are used in surgeries. Major factors expected to drive the global vessel sealing devices market during the forecast period include an increase in the global geriatric population, rise in the prevalence of accidental surgeries, and advancements in vessel sealing devices with minimal invasive surgeries.

Rising prevalence of surgeries such as general surgery, urological surgery, cardiovascular surgery, gynecology surgery, and orthopedic surgery across the world, increase in demand for advanced vessel sealing devices, and rise in the geriatric patients pool are key factors that are expected to drive the global vessel sealing devices market during the forecast period.

Advent of New Technology to Drive Global Market

The rise in the need of surgeries such as gynecological, urological, cardiovascular, orthopedic, and general have fueled the demand for minimal invasive vessel sealing devices. The development of new software and advanced vessel sealing devices enables the surgeon to provide fast, accurate, smooth surgeries with enhanced efficiency and delivers seamless vessel sealing devices workflow. Hence, technological advancements is a significant driver of the vessel sealing devices market. New technologies enable the development of new vessel sealing devices of high quality as well as accuracy.

The harmonic scalpel device employs a high-frequency ultrasonic transducer to generate mechanical vibration. This device can be used to cut the tissue or achieve hemostasis by coagulation. Similar to other devices, protein is denatured and vessels are sealed by formation of a coagulum. Valleylab launched LigaSure V. LigaSure is a bipolar electrosurgical device designed to convey high current and very low voltage to tissue. Consequently, technological developments in vessel sealing devices are expected to drive the need for treatment among patients, which, in turn, is projected to boost the global vessel sealing devices market over the next few years.

New Devices Cater to Safe, Effective Performance of Minimally Invasive Surgeries

Companies in the vessel sealing devices market are increasing the availability of devices that cater to an increasing number of patients. For instance, Bolder Surgical – a provider of surgical devices and instruments, has launched its CoolSeal™ Vessel Sealing platform that safely and effectively performs minimally invasive surgery in pediatric patients. Med-tech companies are taking cues from such innovations to increase research in proprietary low power technology, which is helping to increase offerings for device use in patients of different age groups.

Companies in the vessel sealing devices market are designing fine-tipped, dual-action jaws in tools that deliver precise dissection and quick sealing times with minimal thermal distribution around important structures.

Electrically Activated Glue Patch Help Stitch Together Internal Blood Vessel Defects

Med-tech companies in the vessel sealing devices market are developing devices that offer a quick and less invasive way to seal tears & holes in blood vessels. A team of researchers led by the Nanyang Technological University (NTU), Singapore, is gaining recognition for an electrically activated glue patch applied via a minimally invasive balloon catheter. Such devices hold promising potential to replace the need for open or keyhole surgery to patch up or stitch together internal blood vessel defects.

Companies in the vessel sealing devices market are increasing their R&D in glue patches that can be guided through the body to where the tear is located and then activated using retractable electrodes to glue it shut within a few minutes.

Overview

  • This report analyzes the current scenario and future prospects of the global vessel sealing devices market.
  • The report provides an elaborate executive summary, including a snapshot of various segments of the vessel sealing devices market. It also provides elaborate information and data analysis of the global vessel sealing devices market with regards to segments based on surgery, product, application, energy, end user, and region.
  • The overview section of the report provides a detailed qualitative analysis of drivers and restraints, and opportunities that impact the global vessel sealing devices market
  • Additionally, the report includes company profiles which provide information about their business, product portfolios, and competition landscape in the vessel sealing devices market
  • The report on the global vessel sealing devices market offers market attractiveness analysis of the regions and segments
  • The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global vessel sealing devices market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global vessel sealing devices market.

Report Highlights

In terms of surgery, the global vessel sealing devices market can be classified into laparoscopic and open surgery. The laparoscopic segment dominated the global vessel sealing devices market in 2020, and the trend is projected to continue during the forecast period. The increase in the demand for laparoscopic surgery is expected to drive the segment in the near future.

In terms of product, the global vessel sealing devices market can be classified into generators, instruments, and accessories. The generators segment dominated the global vessel sealing devices market in 2020, and the trend is projected to continue during the forecast period. Increase in utilization of vessel sealing devices is anticipated to boost the segment in the near future.

In terms of application, the global vessel sealing devices market has been segmented into general, urological, vascular, gynecology, orthopedic surgery, and others. The general surgery segment accounted for the major market share in 2020. The segment is projected to register highest market attractiveness index by 2030. The surge in the demand for general surgery procedures, owing to the rise in surgeries of esophagus, stomach, small intestine, large intestine, liver, pancreas, gallbladder, appendix and bile ducts, and often the thyroid gland surgery is likely to propel the segment during the forecast period.

In terms of energy, the global vessel sealing devices market has been categorized into bipolar, ultrasonic, hybrid, and others. The bipolar segment held a major share of the global vessel sealing devices market in 2020. Rise in the number of surgeries, increase in focus on advanced sealing devices, and surge in geriatric patient pool across the globe are projected to propel the bipolar segment.

Based on end user, the global vessel sealing devices market has been categorized into hospital & ambulatory surgical centers, speciality clinics, and others. Increase in in-patient population and number of surgeries are estimated to propel the segment during the forecast period.

In terms of region, the North America held a major share of the global vessel sealing devices market in 2020, due to the presence of a large number of key players, rise in adoption of robotic-assisted vessel sealing devices, and increase in research funding for vessel sealing devices in the U.S. The vessel sealing devices market in Asia Pacific is estimated to expand at a high CAGR of 5.8% from 2021 to 2030, due to a surge in the number of geriatric patients and increase in the launch of new products by key players. This, in turn, is likely to drive the demand for vessel sealing devices in emerging markets such as India and China.

Key Players

Key players operating in the global vessel sealing devices market are Medtronic, Olympus Corporation, OmniGuide Holdings, Inc., Bolder Surgical, LLC, B. Braun Melsungen AG, Medical Devices Business Services, Inc., KLS Martin Group, Erbe Elektromedizin GmbH, Boston Scientific Corporation, BOWA-electronic GmbH & Co. KG, CONMED Corporation, Symmetry Surgical, XCELLANCE Medical Technologies, and LAMIDEY NOURY.FR. These companies engage in research & development activities to develop novel products in order to expand product offerings and customer base.

Report Scope of the Vessel Sealing Devices Market

Report Coverage Details
Market Size US$ 7.7 Billion by 2030
Growth Rate CAGR of 5.2% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Companies Mentioned Medtronic, Olympus Corporation, OmniGuide Holdings, Inc., Bolder Surgical, LLC, B. Braun Melsungen AG, Medical Devices Business Services, Inc., KLS Martin Group, Erbe Elektromedizin GmbH, Boston Scientific Corporation, BOWA-electronic GmbH & Co. KG, CONMED Corporation, Symmetry Surgical, XCELLANCE Medical Technologies, and LAMIDEY NOURY.FR

Global Vessel Sealing Devices Market: Segmentation

Vessel Sealing Devices Market, by Surgery

    • Laparoscopic
    • Open Surgery

Vessel Sealing Devices Market, by Product

    • Generators
    • Instruments
    • Accessories

Vessel Sealing Devices Market, by Application

    • General Surgery
    • Urological Surgery
    • Cardiovascular Surgery
    • Gynecology Surgery
    • Orthopedic Surgery
    • Others

Vessel Sealing Devices Market, by Energy

    • Bipolar
    • Ultrasonic
    • Hybrid
    • Others

Vessel Sealing Devices Market, by End User

    • Hospitals & Ambulatory Surgical Centers
    • Speciality Clinics
    • Others

Vessel Sealing Devices Market, by Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Key Questions

  • What are the major drivers, restraints, opportunities in the market?
  • What will be the revenue share projections of key segments in the global vessel sealing devices market during the forecast period?
  • Which segment is likely to lead the global vessel sealing devices market in terms of revenue by 2030?
  • How mergers & acquisitions among players are widening the scope for the global vessel sealing devices market?
  • Which are the leading companies in the global vessel sealing devices market?

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