• US: +1-408-610-2300
  • Toll Free: +1-866-831-4085
  • Login / Register
Direct Energy Medical Devices Market Share, 2027 | Industry Report

Direct Energy Medical Devices Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17620179  |  Published: October 2020  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Medical Devices  |  Publisher: Grand View Research

Industry Insights

The global direct energy medical devices market size was generated a revenue of USD 1.4 billion in 2019. It is also estimated to register a 4.3% CAGR from 2020 to 2027. The rising number of health issues due to chronic illness coupled with surging awareness about aesthetic procedures among the millennial population is projected to drive the market growth.

There has been a significant increase in the number of chronic disease cases across the globe for the last few years. Diseases such as cancer, cardiovascular disorders, autoimmune diseases, and urological disorders are largely being detected among the geriatric population. Thus, the demand for such devices to carry out the less invasive surgical procedure is expected to augment in the upcoming years.

France direct energy medical devices market

These devices reduce the number of surgical cuts and medication pain associated with the surgeries. Also, enhanced safety and security provided by them are gaining traction among patients and doctors. Thus, several key players are innovating new devices to conduct non or less invasive surgeries.

The number of cosmetic treatments related to obesity and aging has also witnessed a significant rise in the last few years. The usage of such devices in these treatments help in reducing the operational costs, post-operative infections, complications and allow instant recovery to the patients. Thus, countries like the U.S. and Canada have started adopting these devices which are expected to propel the market growth in the upcoming years.

Type Insights

In 2019 the radiofrequency type segment held a significant share of around 25.4% across the global direct energy medical devices market. This can be associated with its features such as quick pain relief, non-surgical treatment, and the requirement of less recovery time. Also, usage of such devices to carry out aesthetic procedures like body contouring, skin tightening, and demolishing fat cells is anticipated to trigger the growth of this segment.

The other segment that includes light, electrical, and cryotherapy is anticipated to register the fastest growth with 5.3% CAGR from 2020 to 2027. The laser light is widely used across non-surgical treatments of dentistry, varicose veins, cosmetics, and therapeutics. Low power consumption and reduced maintenance costs associated with them are anticipated to propel the market growth for this segment.

Application Insights

The orthopedics application segment accounted for the largest share of around 23.6% across the global market in 2019. The surging prevalence of orthopedic conditions and related diseases is expected to contribute majorly towards the growth of this segment. Also, conditions like osteopenia and osteoporosis prevailing among the geriatric population that may result in low bone and mass density are projected to further fuel up the market growth.

Brazil direct energy medical devices market

The application segment of aesthetics is projected to register a 5.8% CAGR across the global market from 2020 to 2027. An increase in the number of obese population coupled with the rising awareness about aesthetic procedures is anticipated to propel the growth for this segment. These devices are being used to conduct various aesthetic procedures like plastic surgery, hair removal, excessive fat removal, tattoo removal, and skin-tightening that are being preferred by the millennial population for improving their looks.

Regional Insights

North America held the dominant share of around 48.5% across the global market in 2019. This can be associated with the surging presence of advanced healthcare facilities across the U.S. and Canada coupled with the increasing prevalence of chronic diseases among the millennial population.

The Asia Pacific is anticipated to witness significant growth with a 5.9% CAGR in the upcoming years. A larger patient base, surging expenditure on healthcare, and rising medical tourism across this region are expected to drive the market growth across this region. Also, an increasing number of cases related to obesity, cardiovascular diseases, and cancer are anticipated to generate demand for such devices in the upcoming years.

COVID-19 Impact Analysis

The direct energy medical devices market has been positively impacted due to the COVID-19 pandemic. The chances of virus attacks on bare skin are higher among high-risk patients. As hospitals are high-risk areas, the need to carry out non-invasive surgeries for lowering the health risks is gaining traction. Moreover, technological advances like the deployment of advanced sensors coupled with the usage of UV and laser light in such devices for enhancing the user experience are projected to augment the market growth over the post-pandemic period.

Direct Energy Medical Devices Market Share Insights

The global market includes key players such as Stryker Corporation, Medtronic, Boston Scientific Corporation, CONMED Corporation, Olympus Corporation, Karl Storz, and Ethicon, Inc. They are majorly emphasizing on R&D activities to gain a cutting edge over other players. For example, Boston Scientific Corporation launched DIRECTSENSE Technology to examine the effect of delivery of radiofrequency energy while carrying out cardiac procedures.

Strategies such as partnerships, acquisitions, and mergers are being undertaken by key players for widening the reach of their products. For example, CONMED Corporation gained acquisition over Buffalo Filter LLC in 2019 for producing laparoscopic solutions, smoke evacuators, and smoke evacuation pencils.

Report Scope

Attribute

Details

Market size value in 2020

USD 1.5 billion

Revenue forecast in 2027

USD 1.9 billion

Growth Rate

CAGR of 4.3% from 2020 to 2027

Base year for estimation

2019

Actual estimates/Historic data

2016 - 2018

Forecast period

2020 - 2027

Quantitative Units

Revenue in USD billion and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

The U.S.; Canada; The U.K.; Germany; France; Italy; Spain; Japan; China; India; Australia; South Korea; Brazil; Mexico; Colombia; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Medtronic; CONMED Corporation; Boston Scientific Corporation; Ethicon, Inc.; Olympus Corporation; Stryker Corporation; Karl Storz; B. Braun Melsungen AG; Microline Surgical Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub segments. For the purpose of this study, Million Insights has segmented the global direct energy medical devices market on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2027)
    • Radiation
    • Radiofrequency
    • Ultrasound
    • Microwave
    • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Aesthetics
    • Cardiovascular
    • Gynecology
    • Orthopedics
    • Urology
    • Ophthalmology
    • Laparoscopy
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • France
        • Italy
        • Spain
    • Asia Pacific
        • Japan
        • China
        • India
        • Australia
        • South Korea
    • Latin America
        • Brazil
        • Mexico
        • Argentina
        • Colombia
    • The Middle East & Africa (MEA)
        • South Africa
        • Saudi Arabia
        • UAE

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service
  • 100% Secure Payments
  • Our Promise
  • 100% Service Assurance
  • Market Monitoring
  • Service Flexibility
  • 24X5 Care available