According to the research report titled ‘Global Bipolar Forceps Market Size study, by Type (Disposable, Reusable), by Application (Gynecology, General surgery, Neurosurgery, Plastic surgery, Others), by End-Use (Hospitals, Specialty clinics, Ambulatory surgical centers) and Regional Forecasts 2020-2027’, available with Market Study Report, global bipolar forceps market was valued USD 776 million in 2019 and is expected to record a yearly growth rate of 4.7% over 2020-2027, subsequently amassing a valuation of USD 1121 million by the end of the forecast period.
 

As per the findings of the report, increased pervasiveness of chronic diseases such as neurological disorders and cancer is fueling global bipolar forceps market growth. Moreover, International Agency for Research on Cancer (IARC) claims that global cancer burden is expected to reach 6.3 million cancer deaths and approximately 27.5 million new cases by the year 2040, indicating a spike in demand for bipolar forceps in the upcoming years.
 

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Further, rising inclination towards minimally invasive surgeries, and developing consciousness among people regarding infections & diseases contributing to market expansion. However, lack of awareness and high cost of advanced surgical systems will negatively affect the overall bipolar forceps market dynamics in the upcoming years.
 

For the uninitiated, bipolar forceps are similar to conventional surgical forceps in shape but vary in functionality. Surgical forceps are generally used to open and hold tissue, whereas bipolar forceps are designed to coagulate tissue. They are primarily made for procedures that require accurate temperature controls and aid in lower sticking and charring although the tissues coagulate. This equipment is also utilized as component of a system like a bipolar electrosurgical generator that grasps, coagulates, cauterizes, and manipulates tissue through general surgeries.
 

Considering the geographical scope, key contributor to worldwide bipolar forceps industry remuneration are Asia Pacific, North America, Latin America, and Europe. Of these, North America is the premier growth hub for the industry due to burgeoning cases of cardiovascular and neurological diseases, along with high concentration of industry vendors in the region.
 

Meanwhile, Asia Pacific market is expected grow exponentially during the forecast period, owing to factors such as booming elderly population, and developing healthcare infrastructure across developing nations like India and China.
 

Speaking of the competitive landscape, top contenders in global bipolar forceps market sphere are Surgical Holdings, Integra LifeSciences Corp., Stingray Surgical Products, LLC, Becton, Dickinson and Company, Stryker Corp., Johnson & Johnson, B. Braun Melsungen AG, Medtronic Plc, KLS Martin Group, and ConMed Corp.