Patient Return Electrodes Market Size

Patient Return Electrodes Market size was valued at USD 193.5 Million in 2023 and is anticipated to exceed USD 495.44 Million by the end of 2036, expanding at over 7.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of patient return electrodes is evaluated at USD 206.56 Million. The major factor attributed to the expansion of the market is the rising utilization rate of electrosurgical devices during surgical procedures to improve the outcome, enhance the process, and better the patient’s experience. From recent calculations, it was revealed that more than 80% of surgeries performed today across the world involve devices that apply energy to tissues. 

Electrosurgery is generally used to treat benign tumors, warts, and other non-cancerous growths. Hence, the rising adoption of electrosurgery and bipolar electrosurgical devices is estimated to boost the market growth during the analysis period. Moreover, the rapid advancement in health technology, backed by growing investment in R&D activities, is estimated to boost the market growth. In addition to the aforementioned factors, the rapid adoption of an unhealthy lifestyle and poor diets has propelled the growth of numerous diseases which has caused the number of surgeries to increase and generate the demand for patient return electrodes. Also, the rising focus on developing safe surgical devices coupled with the escalation in preference for minimally invasive surgeries and the rapid surge in ambulatory surgery devices are considered to be other factors that are anticipated to bring in lucrative growth opportunities for the global patient return electrodes market growth. Furthermore, the expansion of a large pool of patient present in the world and the growth in the number of non-communicable diseases which requires various surgeries is projected to increase the utilization rate of patient return electrodes in the upcoming years.