Bipolar Electrosurgical Device Market Size

Bipolar Electrosurgical Device Market size was over USD 3.71 Billion in 2023 and is poised to cross USD 8.01 Billion by the end of 2036, growing at more than 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bipolar electrosurgical device is estimated at USD 3.94 Billion. Market growth can be attributed primarily to the rising burden of chronic and non-communicable diseases worldwide. The World Health Organization estimates that noncommunicable diseases (NCDs) cause 41 million deaths worldwide every year. The majority of NCD deaths are caused by cardiovascular diseases, accounting for 17.9 million per year, followed by cancer (9.5 million), chronic respiratory diseases (4.1 million) and diabetes (2.0 million).

An electrosurgical procedure utilizes alternating polarity at a high frequency. Electrosurgery involves heating tissue with electric current. An electrosurgical device that uses bipolar electrodes uses similar sized electrodes to apply the current. The surgeons extensively use bipolar electrosurgical devices in a wide range of applications. There are several types of bipolar electrosurgical devices that are used in dermatology, cardiac surgery, orthopedic surgery, and other surgical procedures. Compared to monopolar electrosurgery, bipolar electrosurgery uses lower voltage rates. Moreover,  advancement in healthcare technology and rising demand for safe surgical devices, rising demand for minimally invasive surgeries and growing ambulatory surgery services are expected to be the dynamic factor behind the rapid growth of bipolar electrosurgical device market over across the globe. For instance, in the last quarter century, U.S. community hospitals have performed 19 million ambulatory surgeries, an increase from 13 million in 1995. Accordingly, community hospitals generated 48% of their revenue from outpatient services in 2018.