The Global General Surgical Devices Market size is projected to grow at a CAGR of 7.1% during the forecast period, to reach $XX.X billion by 2028 from $8.6 billion in 2018. North America is expected to be the largest region with a 41% share of revenue in 2018 and this trend will continue through 2028 with a 41% share of revenue as well. The fastest-growing segment over the next 10 years is projected to be disposable surgical supplies which are estimated to grow at a CAGR of 8%.
General surgical devices are used to perform various operations which include open surgery, endoscopy, and laparoscopic surgeries. These devices enable surgeons to carry out the procedures with great accuracy at a faster rate than normal. They also reduce occupational hazards associated with these tasks. The features of general surgical devices include disability, precision, and ergonomics. They are designed to offer a high level of accuracy and precision in surgeries. Moreover, they are also lightweight and easy to handle, thereby providing greater comfort to surgeons during operations. Additionally, these devices are disposable and help reduce the risk of infection.
On the basis of Type, the global general surgical devices market is segmented into disposable surgical supplies and open surgery instruments.
Disposable surgical supplies are the disposable items that come in contact with a patient’s body during surgery. In general, different types of medical instruments and equipment for surgeries have been categorized as reusable or disposable depending on their life span. Disposables can be further divided into two categories: sterile and non-sterile. Sterilized disposable surgical supplies are those that have been subjected to a steam sterilization process and are free from any contaminants. The use of disposable surgical supplies has gained immense popularity in the past few years, due to their many benefits over traditional reusable supplies. Disposables are cheaper in the long run, as they do not require special care or cleaning and can be easily replaced if damaged or contaminated. They also help to reduce the risk of cross-contamination between patients.
Open surgery instrument includes all the surgical instruments that are used in open surgeries. These include large equipment like tables, lights, and trolleys which help surgeons to operate on patients with extreme conditions. Open surgery is also done under emergency cases where only cutting through body parts can provide medical assistance for patient survival. Open surgery instruments are designed to provide efficient access to the surgical area and allow for easy handling of tissue. They typically have a large, broad blade that can be easily inserted into the body cavity. The blades on open surgery instruments are also usually curved, which allows them to cut smoothly through tissue. Some open surgery instruments also have a ratchet mechanism that allows the blades to be fixed in place and prevents them from moving when they are not intended to. This is especially useful during open surgery procedures, where exposure of tissue can lead to inadvertent movement or injury by the instrument's blade.
On the basis of Application, the global general surgical devices market is segmented into orthopedic, cardiology, and others.
General Surgical Devices are used to perform surgery in the orthopedic, which is a surgical field that deals with injuries and diseases of the musculoskeletal system. Orthopedic surgeries are the most common surgeries performed with general surgical devices. These surgeries are used to treat conditions and injuries affecting the bones, joints, ligaments, and muscles. General surgical devices that are commonly used in orthopedic surgeries include scalpels, scissors, retractors, and clamps. These devices assist with repairing soft tissues, bones, and joints.
The application of general surgical devices in the cardiology field is mainly for various types of catheters, guide wires, and medical balloons used to treat cardiovascular diseases. The main applications include guiding coronary angioplasty (ballooning), atherectomy, and stenting procedures such as percutaneous transluminal coronary angioplasty (PTCA) and percutaneous coronary intervention (PCI). The use of general surgical devices in cardiology helps improve the patient's condition and quality of life.
On the basis of Region, the global general surgical devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America held a dominant share in the market in 2016 and is expected to continue its dominance throughout the forecast period. The increasing geriatric population base and rising prevalence of obesity are the primary factors driving the growth of the general surgical devices market in this region. The Asia Pacific is anticipated to be the fastest-growing region during the forecast period, owing to rising awareness about advanced surgical procedures and the increasing disposable income of consumers.
The general surgical devices market in Latin America is currently experiencing moderate growth. The growth is primarily attributed to the increasing prevalence of chronic diseases, the growing aging population, and the rising demand for minimally invasive surgeries. Additionally, the expanding healthcare infrastructure and rising per capita healthcare expenditure in the region is expected to boost the growth of the general surgical devices market.
Europe is the second-largest market for general surgical devices. There are various reasons, one of which is higher healthcare spending in European countries as compared to other regions. The growth in this region can be attributed to factors such as the aging population, rising incidence of chronic diseases, and increasing demand for minimally invasive surgeries. The disposable surgical supplies segment dominates the general surgical devices market in Europe. The growing preference for minimally invasive surgeries and the increasing geriatric population are expected to drive this market in the region.
The rising geriatric population and increasing incidence of chronic diseases have been driving the need for advanced medical technology. In addition, surgical procedures such as laparoscopic surgery that require instruments to be inserted into narrow body cavities are one-factor boosting demand in this market. Even minimally invasive surgeries are expected to aid in the growth of this market. The increasing number of obesity cases, especially among adults is likely to drive demand for bariatric surgery procedures over the forecast period. Surgeries like hernia repair and a vaginal hysterectomy would also witness a rise due to the aging population base across developing economies such as India and China.
Up Market Research published a new report titled “General Surgical Devices Market research report which is segmented by Types (Disposable Surgical Supplies, Open Surgery Instrument), By Applications (Orthopedic, Cardiology, Other), By Players/Companies Johnson & Johnson, Erbe Elektromedizin, Conmed Corporation, Smith & Nephew, 3M Healthcare, CareFusion Corporation, B. Braun, Becton, Dickinson, Boston Scientific, Medtronic, Stryker Corporation, Cadence, Maquet Holding, Olympus Corporations”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||General Surgical Devices Market Research Report|
|By Type||Disposable Surgical Supplies, Open Surgery Instrument|
|By Application||Orthopedic, Cardiology, Other|
|By Companies||Johnson & Johnson, Erbe Elektromedizin, Conmed Corporation, Smith & Nephew, 3M Healthcare, CareFusion Corporation, B. Braun, Becton, Dickinson, Boston Scientific, Medtronic, Stryker Corporation, Cadence, Maquet Holding, Olympus Corporations|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||209|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Disposable Surgical Supplies, Open Surgery Instrument and By Application Orthopedic, Cardiology, Other.
Some of the companies that are profiled in this report are:
General Surgical Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the General Surgical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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