According to the report by Expert Market Research (EMR), the global vessel sealing devices market size is projected to grow at a CAGR of 7.60% between 2023 and 2031.. Aided by the rising demand for vessel sealing devices in general and laparoscopic surgeries and growing demand for advanced surgical solutions, the market is expected to grow significantly by 2031.
Vessel sealing devices are sophisticated medical tools used to seal blood vessels during surgical procedures. These devices offer benefits like reducing blood loss, shortening procedure time, and lowering the risk of postoperative complications, making them an integral part of various surgeries, including general, gynaecological, urological, and cardiovascular surgeries.
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The global vessel sealing devices market growth is primarily driven by a rising preference for minimally invasive surgical procedures. These devices have been widely embraced due to their precision, efficacy, and ability to minimise surgical trauma, leading to a surge in demand.
Furthermore, the increasing prevalence of chronic diseases necessitating surgical interventions, like cancer, cardiovascular disorders, and obesity, has further fuelled the market’s growth. As these devices play a crucial role in ensuring the effectiveness and safety of surgical procedures, their demand in the medical field has experienced substantial growth.
The broadening applications of vessel sealing devices across healthcare sectors contribute significantly to vessel sealing devices market expansion. In the surgical field, they are instrumental in facilitating laparoscopic and open surgeries. Simultaneously, the advent of robot-assisted surgeries, where these devices’ accuracy and control are paramount, has further expanded their utility.
The growing focus on surgical safety and efficiency has also led to increased attention towards vessel sealing devices. They have gained considerable traction in the medical community as they contribute significantly to reducing operative time and postoperative complications. With the ongoing advancement of surgical technology and the push for optimal patient outcomes, the demand for these devices is set to rise even further.
Moreover, the rise of medical tourism in regions with advanced healthcare infrastructure, such as North America and Europe, has provided a further boost to the market. The access to high-quality surgical procedures, often involving the use of vessel sealing devices, in these regions attracts patients globally, adding to the vessel sealing devices market development.
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Vessel Sealing Devices Market Segmentation
The market can be divided based on product, end use, application, and region.
Market Breakup by Product
• Instruments
• Generators
• Accessories
Market Breakup by End Use
• Hospitals and Specialty Clinics
• Ambulatory Surgical Centres
Market Breakup by Application
• Laparoscopic Surgery
• General Surgery
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global vessel sealing devices companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Olympus Corporation
• Medtronic PLC
• B Braun Melsungen AG
• Erbe Medical India Pvt. Ltd
• Ethicon US LLC (Johnson & Johnson)
• Others
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