Jersey City, New Jersey, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Vessel Sealing Devices Market” By Application(General Surgery, Laparoscopic Surgery), By Product Type(Instruments, Generators, and Accessories), By Energy Type(bipolar, ultrasonic, and hybrid), By End-Use(Hospitals and Specialty Clinics, and Ambulatory Surgical Centers), and By Geography. According to Verified Market Research, the Global Vessel Sealing Devices Market size was valued at USD 3,756.68 Million in 2020 and is projected to reach USD 5,789.65 Million by 2028, growing at a CAGR of 5.44% from 2021 to 2028.
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Browse in-depth TOC on “Vessel Sealing Devices Market”
202 - Pages
126 – Tables
37 – Figures
Global Vessel Sealing Devices Market Overview
Technological advancement and the emergence of bipolar devices and ultrasound technology in vessel sealing are projected to deliver more uniform and stronger compression. This technology also offers to monitor the distribution of heat and energy. These landscapes work in combination to offer stronger vessel seals. The market is experiencing growth due to the increasing use of vessel sealing devices in laparoscopic surgeries. It delivers lesser cut, blood loss and empowers faster healing as related to open surgeries, and with administrations in many countries imitating to capitalize and increase the healthcare organization standards.
The growth of the market is mainly attributed to the growing number of laparoscopic surgeries around the world. The conventionally preferred open surgery includes single or two large incisions to enter into the target site, wherein, laparoscopic surgery uses many small incisions of 0.5-1cm. Laparoscopic surgery is grabbing attention in complex surgeries. Laparoscopic surgery also known as keyhole surgery exhibits several advantages over traditional open surgery. Advantages associated with the vessel sealing devices are minimal thermal spread, works quickly, produces consistent results, and can be used multiple times, which is expanding the use of these devices in laparoscopic surgeries. The booming healthcare sector is another prominent factor driving the market growth. However, high product cost is hampering the market growth. The emergence of advanced surgical instruments to promote recovery and favor painless or less invasive surgeries emerges as the opportunity for market growth.
Key Developments in Vessel Sealing Devices Market
- Medtronic has launched a newly expanded state-of-the-art Medtronic Engineering and Innovation Center (MEIC) in Hyderabad, India.
- Olympus has acquired Israeli medical device company Medi-Tate to drive global urology business growth.
The major players in the market are Johnson & Johnson, Medtronic plc., B. Braun Melsungen, Aktiengesellschaft, Olympus Corporation, KLS Martin, EbreElektromedizin GmbH, OmniGuide, Bolder Surgical LLC, and others.
Verified Market Research has segmented the Global Vessel Sealing Devices Market On the basis of Application, Product Type, Energy Type, End-User, and Geography.
- Vessel Sealing Devices Market, By Application
- General Surgery
- Laparoscopic Surgery
- Vessel Sealing Devices Market, By Product Type
- Generators
- Instruments
- Accessories
- Vessel Sealing Devices Market, By Energy Type
- Bipolar
- Ultrasonic
- Hybrid
- Vessel Sealing Devices Market, By End-user
- Hospitals and Specialty Clinics
- Ambulatory Surgical Centers
- Vessel Sealing Devices Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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