South Korea Electrosurgical Generators Market Size, Share, and COVID-19 Impact Analysis, By Method (Monopolar and Bipolar), By Product (Electrosurgical Generators, Active Electrodes, and Dispersive Electrodes), and South Korea Electrosurgical Generators Market, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Electrosurgical Generators Market Insights Forecasts to 2035
- The South Korea Electrosurgical Generators Market Size Was Estimated at USD 60.0 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 4.87% from 2025 to 2035
- The South Korea Electrosurgical Generators Market Size is Expected to Reach USD 101.2 Million by 2035
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According to a Research Report Published by Spherical Insights & Consulting, The South Korea Electrosurgical Generators Market Size is anticipated to Reach USD 101.2 Million by 2035, Growing at a CAGR of 4.87% from 2025 to 2035. The aging of the population and the rise in chronic illnesses are driving market expansion.
Market Overview
Medical devices called electrosurgical generators, sometimes referred to as electrosurgical units (ESUs), apply high-frequency electrical current to tissues in order to produce heat for a variety of surgical operations. They are employed in both conventional and minimally invasive surgical procedures and are essential for slicing, coagulating, or desiccating tissue. For minimally invasive procedures, electrosurgical generators are crucial because they enable surgeons to work more precisely and controllably through smaller incisions. Better control and a lower chance of complications are provided by cutting-edge features including argon gas augmentation technologies and active electrode monitoring. The growing preference for minimally invasive operations (MIS). For these operations, electrosurgical generators are essential because they provide accurate tissue dissection and coagulation with little harm to neighboring tissues. Government agencies, academic institutions, and commercial businesses work together to develop new electrosurgical technology. These collaborations make it easier to share resources, exchange expertise, and create innovative solutions.
Report Coverage
This research report categorizes the market for South Korea electrosurgical generators market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea electrosurgical generators market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea electrosurgical generators market.
South Korea Electrosurgical Generators Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 60.0 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR of 4.87% |
2035 Value Projection: | USD 101.2 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 120 |
Segments covered: | By Method, By Product |
Companies covered:: | STARMED Co. Ltd., BEFUL Co. Ltd., Inter-Kor Inc., ITC Co., Ltd., Promise Technology Co., Ltd., YOUNGIN Biotech Co., Ltd., Hyosung Heavy Industries Corp., Kyeyang Electric Co., Ltd., Samsung Electro-Mechanics Co., Ltd., LG Innotek Co., Ltd., and Other Key Companies. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The increasing prevalence of chronic diseases such as cancer and cardiovascular conditions necessitates more surgical interventions, thereby boosting the demand for electrosurgical devices. Technological advancements have led to the development of more efficient, compact, and safer electrosurgical devices, enhancing their adoption in operating rooms.
Restraining Factors
High initial costs, including expenses for advanced equipment, training, and maintenance, can strain budgets, particularly in smaller or public healthcare facilities. Additionally, stringent regulatory requirements and lengthy approval processes can delay the introduction of new technologies.
Market Segmentation
The South Korea electrosurgical generators market share is classified into method and product.
- The bipolar segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea electrosurgical generators market is segmented by method into monopolar and bipolar. Among these, the bipolar segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Bipolar technology's increasing advantages, particularly in minimally invasive surgery, make it a major driver of the market expansion for electrosurgical devices. Bipolar technique targets a particular tissue by directing the current flow between two electrodes that are positioned closely together.
- The active electrodes segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea electrosurgical generators market is segmented by product into electrosurgical generators, active electrodes, and dispersive electrodes. Among these, the active electrodes segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. They are a crucial component of all electrosurgical procedures because they supply the electrical power required for cutting, coagulation, or ablation. Active electrodes are frequently disposable and are usually used only once. This ensures hygiene and excellent surgical outcomes, but it also needs to be replaced on a regular basis.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea electrosurgical generators market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- STARMED Co., Ltd.
- BEFUL Co., Ltd.
- Inter-Kor Inc.
- ITC Co., Ltd.
- Promise Technology Co., Ltd.
- YOUNGIN Biotech Co., Ltd.
- Hyosung Heavy Industries Corp.
- Kyeyang Electric Co., Ltd.
- Samsung Electro-Mechanics Co., Ltd.
- LG Innotek Co., Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea electrosurgical generators market based on the below-mentioned segments:
South Korea Electrosurgical Generators Market, By Method
- Monopolar
- Bipolar
South Korea Electrosurgical Generators Market, By Product
- Electrosurgical Generators
- Active Electrodes
- Dispersive Electrodes
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