Surgical Generators Market Research Report By Technology (Radiofrequency Ablation Generators, Microwave Ablation Generators, Electrosurgical Generators, Ultrasonic Surgical Generators, Laser Surgical Generators), By Application (Minimally Invasive Surgery, Open Surgery, Robotic Surgery, Endoscopic Surgery, Laser Surgery), By Power (Low Power, Medium Power, High Power), By End-User (Hospitals, Ambulatory Surgery Centers, Clinics, Research Institutes) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)

Global Surgical Generators Market Overview

As per MRFR analysis, the Surgical Generators Market Size was estimated at 148.72 (USD Billion) in 2023. The Surgical Generators Market Industry is expected to grow from 155.64 (USD Billion) in 2024 to 228.31 (USD Billion) by 2032. The Surgical Generators Market CAGR (growth rate) is expected to be around 4.91% during the forecast period (2024 - 2032).

Key Surgical Generators Market Trends Highlighted

The rising incidence of chronic diseases, coupled with the increasing adoption of minimally invasive surgeries, is driving the global surgical generator market. Technological advancements, such as the integration of artificial intelligence (AI) and robotics, are further fueling market growth. The market is also witnessing a surge in demand for portable and disposable surgical generators, driven by the need for cost-effective and convenient surgical procedures. Furthermore, the growing awareness of the benefits of surgical generators, such as improved surgical outcomes and reduced recovery times, is contributing to market expansion. To capitalize on these growth opportunities, market players are focusing on developing innovative products, expanding their geographic reach and collaborating with healthcare providers. The increasing demand for advanced surgical technologies and the rising popularity of personalized medicine are key trends shaping the future of the surgical generator market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Surgical Generators Market Drivers

Advancements in Surgical Technology

The main driver of the Surgical Generators Market Industry is the continuous advancement of surgical technology. With the development of technologies, surgical generators also become more advanced, which increases their precision, efficiency and safety in surgical operations. The advanced surgical generators allow for new methods of minimally invasive surgery to appear, such as laparoscopy and robotic surgery. These options are often expensive and require a highly sophisticated surgical generator, which increases the demand for such equipment and drives the market growth.

Rising Prevalence of Chronic Diseases

Apart from technology, it is worth noting that the increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, is another megatrend shaping the Surgical Generators Market Industry. As the surgical treatment of these diseases often requires the use of complex procedures, they also rely on surgical generators to power equipment. The growing number of surgeries conducted to cure the mentioned diseases significantly increases the demand for surgical generators.

Government Initiatives and Healthcare Infrastructure Development

The Surgical Generators Market Industry is accelerating its growth due to government initiatives that are designed in order to improve the healthcare infrastructure and access to surgical care. Many governments invest in the development of new hospitals or surgical centers, and such development requires cutting-edge surgical equipment, with surgical generators among them. When it comes to surgical care, various government regulations and standards need to be maintained for the safety of patients and the overall quality of care.That is why such regulations and premise safety drive demand for high-quality surgical generators that will meet these requirements.

Surgical Generators Market Segment Insights

Surgical Generators Market Technology Insights

The global surgical generator market is divided on the base of technology into radiofrequency ablation generators, microwave ablation generators, electrosurgical generators, ultrasonic surgical generators and laser surgical generators. Among these, the segment of electrosurgical generators dominated the market in 2023 and is expected to maintain its dominance in the next five years. This growth can be attributed to the growing adoption of minimally invasive surgical procedures, which require the utilization of electrosurgical generators for the cutting and coagulation of tissues.On the other hand, the segment of radiofrequency ablation generators is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be ascribed to the rising use of radiofrequency ablation for the treatment of several types of cancer, such as liver cancer, lung cancer and kidney cancer. Another technology segment that will demonstrate lucrative growth is microwave ablation generators due to their ability to ablate large tumors and lower the risk of thermal damage to surrounding tissues. Different surgical generators are in use for several types of surgical procedures such as laparoscopic surgery and neurosurgery.Ultrasonic surgical generators have become popular over the years and offer various advantages to surgical procedures, such as precise cutting and coagulation, minimal bleeding, and low risk of thermal damage to tissues surrounding the surgical site. Laser surgical generators are also essential to many types of surgical procedures, such as laser eye surgery, laser skin resurfacing and laser lithotripsy.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Surgical Generators Market Application Insights

The Surgical Generators Market is segmented into various applications, including minimally invasive surgery, open surgery, robotic surgery, endoscopic surgery and laser surgery. Among these, minimally invasive surgery is expected to hold the largest market share in 2023, with a valuation of USD 7.5 billion. This growth can be attributed to the increasing demand for minimally invasive procedures due to their numerous advantages, such as reduced patient trauma, faster recovery time, and better cosmetic outcomes. Open surgery is expected to hold the second-largest market share in 2023, with a valuation of USD 6.3 billion.However, its market share is expected to decline over the forecast period due to the growing adoption of minimally invasive techniques. Robotic surgery is expected to witness significant growth in the coming years, with a CAGR of 4.5% from 2023 to 2032. This growth is driven by the increasing adoption of robotic surgical systems, which offer greater precision, control and dexterity compared to traditional surgical techniques.

Surgical Generators Market Power Insights

The Surgical Generators Market segmentation by power includes Low Power, Medium Power and High Power. In 2023, the Low Power segment accounted for the largest revenue share of over 45%. The High Power segment is anticipated to exhibit the highest CAGR of 3.8% over the forecast period, owing to the increasing demand for advanced surgical procedures and the introduction of innovative products. The Medium Power segment is projected to hold a significant market share over the coming years. The growth of the Surgical Generators Market can be attributed to the rising prevalence of chronic diseases, increasing healthcare expenditure and technological advancements.

Surgical Generators Market End-User Insights

Hospitals are the largest end-users of surgical generators, accounting for nearly two-thirds of the Surgical Generators Market revenue. The high volume of surgical procedures performed in hospitals, along with the need for advanced surgical equipment, drives the demand for surgical generators in this setting. Ambulatory surgery centers (ASCs) are also significant end-users, as they cater to a growing number of outpatient surgeries and require high-quality surgical devices. Clinics and research institutes contribute to the market growth due to the rising adoption of minimally invasive surgical techniques and the need for specialized surgical equipment for research purposes.Market segmentation provides insights into the specific requirements and preferences of each end-user group, enabling manufacturers to tailor their offerings and target specific customer segments.

Surgical Generators Market Regional Insights

The Surgical Generators Market is segmented into North America, Europe, APAC, South America and MEA. North America is expected to hold the largest market share in 2023, owing to the increasing prevalence of chronic diseases and the rising demand for minimally invasive surgeries. Europe is anticipated to be the second-largest market, driven by the presence of major market players and favorable reimbursement policies. APAC is projected to witness the fastest growth during the forecast period, attributed to the growing healthcare expenditure and increasing awareness about advanced surgical technologies.South America and MEA are expected to contribute significantly to the overall market growth due to the rising number of surgical procedures and the expansion of healthcare infrastructure.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Surgical Generators Market Key Players And Competitive Insights

The players in the Surgical Generators Market are taking many steps to remain on top and keep the user base. Some of the players in the Surgical Generators Market are as follows. Some of the Leading Surgical Generators Market players, such as Stryker and Medtronic, are focusing on strategic alliances and acquisitions to enhance their product portfolio and expand their geographical presence. The industry is witnessing consolidations, as key players are acquiring small players to expand their market share in the Surgical Generators Market. The growth of the Surgical generator market is primarily driven by the adoption of advanced technologies and the increasing demand for minimally invasive surgical procedures.StrykerStryker is a US-based medical technology company founded in 1941. It is a leading global provider of surgical equipment and medical devices. The company is a leading player in the surgical generator market. The company’s product line includes a variety of high-frequency and low-frequency generators used in many surgical fields. The firm also provides a wide range of consumables and accessories for its generators, such as electrodes, cables, and drapes. The company’s products are used by surgeons in hospitals, clinics, and ambulatory surgery centers. It operates in more than 100 countries worldwide and has a strong distribution network.MedtronicMedtronic is a leading US-based global medical technology company founded in 1949. It is another key player in the surgical generator market. Medtronic’s product line includes a wide range of bipolar and monopolar electrosurgical generators developed and used for various surgeries. It provides several accessories and consumables for its electrosurgical generators. Medtronic operates in over 150 countries worldwide and has a strong distribution network.

Key Companies in the Surgical Generators Market Include

• CompuGroup Medical


• Edan


• HillRom Holdings


• Cerner


• GE Healthcare


• Medtronic


• Stryker


• Mindray


• Hitachi Medical


• BiaoMed


• Toshiba Medical System


• WellLead


• Siemens Healthineers


• Philips


• Johnson Johnson

Surgical Generators Market Industry Developments

The global surgical generator market is anticipated to grow at a CAGR of 3.12% from 2024 to 2032, reaching a value of USD 24.9 billion by 2032. The market growth is attributed to the increasing prevalence of chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in surgical generators.Recent news and developments in the market include the launch of new products, such as the Valleylab FT10 Energy Platform by Medtronic and the ForceTriad Energy Platform by Ethicon, a Johnson Johnson company. These new products offer improved performance, safety, and efficiency, contributing to the market's growth. Additionally, strategic partnerships and acquisitions are shaping the market landscape, with companies seeking to expand their product portfolios and gain market share. For instance, in 2023, Bovie Medical Corporation acquired Erbe Elektromedizin GmbH, a leading manufacturer of electrosurgical generators, to strengthen its position in the surgical generator market.

Surgical Generators Market Segmentation Insights

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  Surgical Generators Market Technology Outlook

  
  
  
  
  • Radiofrequency Ablation Generators
  
  
  • Microwave Ablation Generators
  
  
  • Electrosurgical Generators
  
  
  • Ultrasonic Surgical Generators
  
  
  • Laser Surgical Generators
  
  
  
  

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  Surgical Generators Market Application Outlook

  
  
  
  
  • Minimally Invasive Surgery
  
  
  • Open Surgery
  
  
  • Robotic Surgery
  
  
  • Endoscopic Surgery
  
  
  • Laser Surgery
  
  
  
  

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  Surgical Generators Market Power Outlook

  
  
  
  
  • Low Power
  
  
  • Medium Power
  
  
  • High Power
  
  
  
  

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  Surgical Generators Market End-User Outlook

  
  
  
  
  • Hospitals
  
  
  • Ambulatory Surgery Centers
  
  
  • Clinics
  
  
  • Research Institutes
  
  
  
  

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  Surgical Generators Market Regional Outlook

  
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa