Global Vessel Sealing Devices Market Size, Share, Trends, Industry Growth by Surgery (Laparoscopic Surgery, Open Surgery), by Product (Generators, Instruments, Accessories), by Application, by End-Use, by Region, and Forecast to 2028
Report ID: RCMA327 | Report Format: PDF + Excel | Starting Price: 2680/- USD |The global vessel sealing devices market size is projected to grow at a significant CAGR of around 9% during the forecast period from 2022 to 2028. The rising preference towards minimally invasive surgeries coupled with the growing number of surgery procedures around the world is a primary factor driving the market growth. In the vessel sealing devices market, companies are increasing the availability of devices to cater to the increasing number of patients. For instance, Boulder Surgical has launched its CoolSeal™ vessel sealing platform to safely and effectively perform minimally invasive surgery in pediatric patients.
Furthermore, the rising prevalence of chronic diseases, growing geriatric population, and the widespread use of the product in laparoscopic surgeries is further anticipated to fuel the market growth. Moreover, the increasing demand for efficient and safe surgical instruments to reduce infection rates, and development of bipolar devices that help in monitoring the distribution of heat and energy are expected to propel the market over this period. In addition, the increasing demand for vessel sealing devices in various applications such as cardiovascular, urological, orthopedic operations is anticipated to fuel the market growth.
Global Vessel Sealing Devices Market Attributes:
| Benchmark Year | 2022 | ||
| Market Size | lock | ||
| Market Growth (CAGR) | ~ 9% (2023-2030) | ||
| Largest Market Share | North America | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Medtronic, Olympus Corporation, B. Braun Melsungen AG, Medical Devices Business Services, Inc., Erbe Elektromedizin GmbH, and Others |
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Market Segment Insights:
The global vessel sealing devices market is bifurcated into surgery, product, application, end-use, and geography. On the basis of surgery, the market is segmented into laparoscopic surgery and open surgery. The laparoscopic surgery segment dominated the global market in 2021 and expected to hold the largest revenue share of around 2/3 market share by 2028. The growing number of minimally invasive surgeries around the world and the rising awareness regarding laparoscopic surgeries are some major factors driving the segment growth. Furthermore, the increasing awareness about the benefits associated with these surgeries is expected to propel the segment growth at the highest CAGR during the forecast period.
On the basis of product, the market is segmented into generators, instruments, and accessories. The instruments segment dominated the global vessel sealing devices market in 2021 and expected to hold the largest revenue share of around half of the market by the end of the analysis period. The significant growth in demand for the affordable, reliable, and safe sealing instruments is a primary factor driving the segment growth. Furthermore, the instruments segment is also estimated to register the fastest growth rate over the forecast period. The increasing number of surgical procedures along with the development of new products is anticipated to fuel the segment growth over the forecast period.
The vessel sealing devices comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The vessel sealing devices market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Global Vessel Sealing Devices Market Segmentation:
Vessel Sealing Devices Market by Surgery:
- Laparoscopic Surgery
- 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 End-Use:
- Hospitals & Ambulatory Surgical Centers
- Speciality Clinics
- Others
Vessel Sealing Devices Market by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Vessel Sealing Devices Market: Geographic Coverage
On the basis of region, North America dominated the global vessel sealing devices market in 2021 and estimated to hold the largest market share of over half of the market in the base year. Technological advancement in healthcare and the presence of well-equipped hospitals are some major factors driving the market growth in the region. Furthermore, the rising awareness, growing number of surgical procedures, and the presence of some major market players are further anticipated to propel the market growth in North America. On the flip side, the Asia Pacific is estimated to register the fastest CAGR over the forecast period due to the increasing investment in healthcare infrastructure.
Geographically, the vessel sealing devices market report comprises dedicated sections centering on the regional market revenue and trends. The vessel sealing devices market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The vessel sealing devices market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Vessel sealing devices market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.
Vessel Sealing Devices Market: Competitive Assessment
Some of the major market players operating in the global vessel sealing devices market are Medtronic, Olympus Corporation, B. Braun Melsungen AG, Medical Devices Business Services, Inc., and Erbe Elektromedizin GmbH. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:
- Olympus Corporation introduced a new product in January 2022 known as the ThunderBeat Open Extended Jaw, which is a surgical device capable of sealing and cutting vessels. This device is designed to enhance surgical precision and efficiency. It features a longer and wider jaw opening, as well as a thinner shaft, which allows for better visibility and access to tissue during surgery. The ThunderBeat Open Extended Jaw also has advanced energy technology that minimizes thermal spread and reduces the risk of tissue damage.
- Another recent development in the market is the acquisition of LigaSure by Medtronic in November 2021. LigaSure is a brand of vessel sealing devices that uses advanced bipolar energy to seal blood vessels during surgery. The acquisition of LigaSure will strengthen Medtronic’s portfolio of surgical devices and expand its presence in the vessel sealing devices market.
List of Key Companies:
- Medtronic
- Olympus Corporation
- Braun Melsungen AG
- Medical Devices Business Services, Inc. (Johnson & Johnson)
- Erbe Elektromedizin GmbH
- Bowa Medical
- OmniGuide Holdings, Inc.
- Intuitive Surgical
- Bolder Surgical, LLC
- KLS Martin Group
Key Questions Answered by Vessel Sealing Devices Market Report
- Global vessel sealing devices market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Vessel sealing devices submarket forecasts from 2022-2028 covering the market by surgery, product, application, end-use, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level vessel sealing devices markets from 2022-2028
- Competitive Landscape and market positioning of the top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Vessel Sealing Devices Market Portraiture
2.2. Global Vessel Sealing Devices Market, by Surgery, 2021 (USD Mn)
2.3. Global Vessel Sealing Devices Market, by Product, 2021 (USD Mn)
2.4. Global Vessel Sealing Devices Market, by Application, 2021 (USD Mn)
2.5. Global Vessel Sealing Devices Market, by End-Use, 2021 (USD Mn)
2.6. Global Vessel Sealing Devices Market, by Geography, 2021 (USD Mn)
3. Global Vessel Sealing Devices Market Analysis
3.1. Vessel Sealing Devices Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Vessel Sealing Devices Market By Surgery, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Laparoscopic Surgery
4.3. Open Surgery
5. Global Vessel Sealing Devices Market By Product, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Generators
5.3. Instruments
5.4. Accessories
6. Global Vessel Sealing Devices Market By Application, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. General Surgery
6.3. Urological Surgery
6.4. Cardiovascular Surgery
6.5. Gynecology Surgery
6.6. Orthopedic Surgery
6.7. Others
7. Global Vessel Sealing Devices Market By End-Use, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Hospitals & Ambulatory Surgical Centers
7.3. Speciality Clinics
7.4. Others
8. North America Vessel Sealing Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
8.3. North America Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
8.4. North America Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
8.5. North America Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
8.6. North America Vessel Sealing Devices Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
8.6.1.2. U.S. Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
8.6.1.3. U.S. Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
8.6.1.4. U.S. Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
8.6.2.2. Canada Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
8.6.2.3. Canada Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
8.6.2.4. Canada Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9. Europe Vessel Sealing Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.3. Europe Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.4. Europe Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.5. Europe Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6. Europe Vessel Sealing Devices Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.1.2. Germany Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.1.3. Germany Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.1.4. Germany Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.2.2. U.K. Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.2.3. U.K. Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.2.4. U.K. Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.3.2. France Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.3.3. France Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.3.4. France Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.4.2. Spain Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.4.3. Spain Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.4.4. Spain Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.5.2. Italy Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.5.3. Italy Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.5.4. Italy Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
10. Asia Pacific Vessel Sealing Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
10.3. Asia Pacific Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
10.4. Asia Pacific Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
10.5. Asia Pacific Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
10.6. Asia Pacific Vessel Sealing Devices Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
10.6.1.2. China Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
10.6.1.3. China Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
10.6.1.4. China Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
10.6.2.2. Japan Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
10.6.2.3. Japan Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
10.6.2.4. Japan Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
10.6.3.2. India Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
10.6.3.3. India Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
10.6.3.4. India Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
11. Latin America (LATAM) Vessel Sealing Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
11.3. Latin America Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
11.4. Latin America Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
11.5. Latin America Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
11.6. Latin America Vessel Sealing Devices Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
11.6.1.2. Brazil Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
11.6.1.3. Brazil Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
11.6.1.4. Brazil Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
11.6.2.2. Mexico Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
11.6.2.3. Mexico Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
11.6.2.4. Mexico Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
12. Middle East and Africa Vessel Sealing Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
12.3. MEA Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
12.4. MEA Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
12.5. MEA Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
12.6. Middle East and Africa Vessel Sealing Devices Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
12.6.1.2. GCC Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
12.6.1.3. GCC Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
12.6.1.4. GCC Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
12.6.2.2. South Africa Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
12.6.2.3. South Africa Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
12.6.2.4. South Africa Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Vessel Sealing Devices Market by Surgery, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Vessel Sealing Devices Market by Product, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Vessel Sealing Devices Market by Application, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Vessel Sealing Devices Market by End-Use, (2019-2028 USD Mn)
13. Company Profiles
13.1. Medtronic
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Olympus Corporation
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. B. Braun Melsungen AG
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Medical Devices Business Services, Inc. (Johnson & Johnson)
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Erbe Elektromedizin GmbH
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Bowa Medical
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. OmniGuide Holdings, Inc.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Intuitive Surgical
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Bolder Surgical, LLC
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. KLS Martin Group
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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