For example, Medtronic, a leading player in vessel sealing devices, reported record sales of USD 5.4 million within its surgical innovations portfolio, which includes advanced energy, stapling, and visualization technologies. This success stems from a strong product lineup and continual enhancements. The expanding elderly population, who are more susceptible to chronic conditions, further propels market demand. Vessel sealing devices are widely used to treat various ailments such as axillary dissection, chronic hepatitis, and colorectal cancer. Their extensive application in laparoscopic surgeries—which are less invasive and cause less postoperative pain—also supports market growth. Moreover, technological advancements like bipolar devices that deliver stronger and more consistent compression, alongside ultrasound-based monitoring of heat and energy distribution, are stimulating industry expansion.

Key Market Trends and Insights:

• Application: Laparoscopic surgery held the largest revenue share at 62.73% in 2022 and is projected to grow at a CAGR of 9.7% due to rising preference and awareness of minimally invasive surgery benefits.

• End-use: Hospitals and specialty clinics accounted for the largest revenue share of 55.28% in 2022, attributed to the higher volume of surgeries performed in these settings. Reusable vessel sealing devices offer improved efficacy and cost-effectiveness for users.

• Product: Instruments captured the largest revenue share at 43.48% in 2022 and are expected to register the fastest CAGR of 9.56%, driven by demand for reliable, affordable, and safe devices and a growing number of surgical procedures.

Market Size and Forecast:

• 2022 Market Size: USD 1,510.0 Million

• 2030 Projected Market Size: USD 2,967.0 Million

• CAGR (2023-2030): 9.04%

• Largest Market in 2022: North America

• Fastest Growing Market: Asia Pacific

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