Europe Vessel Sealing Devices Market Size & Outlook
Europe vessel sealing devices market, 2018-2030 (US$M)
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Europe vessel sealing devices market highlights
- The Europe vessel sealing devices market generated a revenue of USD 468.4 million in 2023.
- The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, laparoscopic surgery was the largest revenue generating application in 2023.
- Laparoscopic Surgery is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 468.4 million |
| Market revenue in 2030 | USD 860.8 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Surgery, Laparoscopic Surgery |
| Key market players worldwide | Medtronic PLC, Olympus Corp, B. Braun, Johnson & Johnson, OmniAb Inc, Intuitive Surgical Inc, Hologic Inc, Erbe Elektromedizin, Bowa Medical, Bolder Surgical, KLS Martin Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.9% of the global vessel sealing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 474.9 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe vessel sealing devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vessel sealing devices market will help companies and investors design strategic landscapes.
Laparoscopic surgery was the largest segment with a revenue share of 62.89% in 2023. Horizon Databook has segmented the Europe vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
High expenditure on healthcare, particularly on medical technologies .Single regulatory approval for countries in EU. Increasing demand for elective surgeries post the COVID-19 pandemic.
Declining number of hospitals in Europe. For instance, between 2000 and 2014, 357 hospitals were closed in Germany, 193 in France, 170 in Italy, and 122 in Switzerland. Stringent GMPs and sterility levels issued by regulatory bodies.
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Target buyers of Europe vessel sealing devices market databook
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Our clientele includes a mix of vessel sealing devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe vessel sealing devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe vessel sealing devices market size, by country, 2018-2030 (US$M)
Europe Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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