Global Bipolar Forceps Market by Type (Smart Bipolar Forceps, Common Bipolar Forceps and Others), By End-Use (Surge Protection, Fuse-based Protection and Other End-Uses), By Application (Household, Commercial and Industrial) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Bipolar Forceps Market Overview:

Global Bipolar Forceps Market was valued at USD 857.61 million in 2021 and is expected to grow at a 5.1% compound annual growth rate (CAGR), between 2023-2032.

The growing number of chronic diseases and increasing preference for minimally invasive procedures are major factors that drive the bipolar forceps market.

Global Bipolar Forceps Market Scope:

Type Analysis

In 2021, the disposable segment was the dominant market for bipolar forceps and earned 56.7% of the total revenue. Disposable bipolar forceps are preferred due to their shorter turnaround times, reduced toxic smoke, and compatibility with electrosurgical engines.

They also reduce the risk of infection, which is mostly registered in repurposed surgical equipment. Market players are focused on offering innovative bipolar forceps that allow precise delivery and visualization in the narrow surgical field. In the year 2014, Disposable dual irrigating forceps – Spetzler-Malis – for neurosurgery launched Codman Neuro.

End-Use Analysis

The market leader in bipolar forces was the hospital segment, which accounted for the largest revenue share at 41.8% in 2021. This is possible due to increasing patient awareness, the availability of advanced medical equipment, and a focus on positive medical outcomes. To reduce postoperative complications, hospitals are using minimally invasive procedures. This is mainly done in open surgeries.

Johns Hopkins investigators found that hospitals can save approximately USD 300 million annually by choosing minimally invasive techniques to avoid post-surgical complications.

The fastest-growing segment in the market of bipolar forceps is the ambulatory surgery center segment. This is due to growing surgical interventions that can be attributed to factors such as low surgical costs, as well as the convenience of elderly and disabled patients.

Application Analysis

The market for bipolar forceps was dominated by general surgery, which accounted for 34.6% of the largest revenue share in 2021. The dramatic rise in geriatrics is the main reason for the high surgical volume. Because of low immunity, geriatric populations are more vulnerable to various diseases.

According to the United Nations, the Market for bipolar forceps will see the highest growth rates in the gynecology market segment. The minimally invasive procedures reduce postoperative pain which results in shorter hospital stays.

Key Market Segments:

By Type

• Smart Bipolar Forceps
• Common Bipolar Forceps
• Specialized Bipolar Forceps

By End-Use

• Surge Protection
• Fuse-based Protection
• Other End-User

By Application

• Household
• Commercial
• Industrial

Market Dynamics:

In collaboration with physicians, manufacturers are working together to develop superior products for various microsurgical specialties. Kirwan Surgical Products LLC teamed with Neurosurgery Research Education Foundation (NREF), in 2015 to develop COHEN bipolar forks.

The new bipolar forceps are more comfortable than ever with cushioned padding. They also offer enhanced visualization. Kirwan Surgical Products also stated that royalties earned from the sale of forceps will go to the NREF Medical Student Summer Research Fund.

The government is taking steps to increase access to the advanced electrosurgical units in medical settings. Modern Healthcare reported that hospitals had adopted 60% more electrosurgical units than they did in 2014, compared with 55% in 2014. Modern Healthcare reports that doctors are adopting more advanced surgical systems to improve their surgical efficacy.

Regional Analysis

North America held the largest market share in 2021, with 42.3% of the revenue. It is expected that the region will maintain its dominance during the forecast period. According to regional market segmentation, the market for bipolar forces consists of North America, Latin America Europe, Asia Pacific, and the Middle East & Africa. This is due to factors such as a developed healthcare infrastructure and the local presence of large players.

A rise in neurological and cardiovascular disease incidences is expected to lead to an increase in surgical procedures. The American Heart Association reported that over 92.1 million people had some form of cardiovascular disease in 2017.

Asia Pacific’s market for bipolar forceps should grow at a substantial rate over the forecast period. The rapid growth in this region can be attributed to the increase in the geriatric population of India, China, and Japan.

Japan has the highest geriatric population. This means that Japan needs more attention and care in terms of their health. Nearly 26.7% of Japan’s total population are aged 65 or older, which is a significant indicator of chronic disease prevalence in the country.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Market share for bipolar forces is highly fragmented due to the presence of several large, medium, as well as small-scale sellers. Market players have adopted several strategies to maintain market share. These include product launches, strategic acquisitions, innovation, and product launches. The following are some of the most prominent players in the bipolar forceps industry:

Маrkеt Kеу Рlауеrѕ:

• ConMed
• Medtronic Plc
• KLS Martin
• B. Braun Melsungen AG
• Stryker
• Becton, Dickinson, and Company
• Johnson & Johnson
• Other Key Players

For the Bipolar Forceps Market research study, the following years have been considered to estimate the market size: