UK Vessel Sealing Devices Market Size & Outlook, 2023-2030
UK vessel sealing devices market, 2018-2030 (US$M)
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UK vessel sealing devices market highlights
- The UK vessel sealing devices market generated a revenue of USD 74.1 million in 2023 and is expected to reach USD 136.2 million by 2030.
- The UK 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.
Vessel sealing devices market data book summary
| Market revenue in 2023 | USD 74.1 million |
| Market revenue in 2030 | USD 136.2 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 4.6% of the global vessel sealing devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany vessel sealing devices market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 83.5 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 63.43% in 2023. Horizon Databook has segmented the UK vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has several small- and medium-sized companies that significantly contribute to the economy. The turnover from these companies is valued at about 99.5% of all businesses currently operating in the UK. The country has a reputation for quality products, and thus, in-house manufactured medical devices are anticipated to witness significant demand in the coming years.
The UK is a leading supplier of diagnostic and surgical equipment, including vessel sealing devices, dental, & orthopedic products, and high-quality wound care products. This can help generate sales and boost the UK market over the coming years.
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Target buyers of UK 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 country-level data and insights on the UK vessel sealing devices market , including forecasts for subscribers. This country databook contains high-level insights into UK vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK vessel sealing devices market size, by application, 2018-2030 (US$M)
UK Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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