BURLINGAME, Calif.,
May 22, 2024 /PRNewswire/ -- The
global general surgery devices market size is
calculated at USD 16.46 billion
in 2023 and is expected to be worth around USD 30.33 billion by 2030, growing at a CAGR of
9.1% from 2023 to 2030, according to Coherent Market
Insights. This has augmented the demand for advanced surgical
technologies aimed at improving surgical outcomes in older
patients. General surgery devices help enhance precision, minimize
chances of infection and speed up recovery for the aged population
undergoing surgical treatments.
Global General Surgery Devices Market Report Coverage
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$16.46 billion
|
Estimated Value by
2030
|
$30.33 billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 9.1%
|
Historical
Data
|
2018–2021
|
Forecast
Period
|
2023–2030
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By type, By
application, By End User
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
- Rapid aging of global population
- Rise of lifestyle disease and chronic
conditions
- Growth in minimally invasive
surgeries
|
Restraints &
Challenges
|
- Stringent regulatory approval
process
- High cost of advanced devices
|
Market Dynamics:
The increasing prevalence of chronic diseases and the growing
aging population are driving the demand for general surgery
devices. Additionally, technological advancements in minimally
invasive procedures are making surgeries safer and more efficient,
further fueling market growth.
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Market Trends:
One key trend in the general surgery devices market is the
growing adoption of robotic-assisted surgery. Robots assist
surgeons in performing complex procedures with greater precision,
leading to better patient outcomes. Another trend is the increasing
focus on developing surgical devices that are more compact,
portable, and user-friendly, allowing for greater flexibility and
convenience in operating rooms.
The global general surgery devices market is witnessing a
significant rise in demand for minimally invasive surgery
instruments. As more and more healthcare providers and patients are
becoming aware of the benefits of minimally invasive procedures,
the demand for these instruments is on the rise. Minimally invasive
surgery offers numerous advantages over traditional open surgery,
including shorter recovery times, less scarring, and lower risk of
infections. This has led to an increase in the adoption of
minimally invasive surgery instruments across various surgical
specialties such as orthopedic surgery, cardiology, ophthalmology,
and neurosurgery.
As a result, the segment of minimally invasive surgery
instruments is expected to witness significant growth in the coming
years, surpassing the disposable surgical supplies segment in terms
of market share. Key players in the market are focusing on
developing advanced minimally invasive surgery instruments to cater
to the growing demand and capitalize on this market
opportunity.
Orthopedic surgery is emerging as one of the dominating
applications in the global general surgery devices market. The
increasing prevalence of musculoskeletal conditions, such as
arthritis, osteoporosis, and fractures, is driving the demand for
orthopedic surgery devices and instruments. With the aging
population and growing incidences of sports injuries, there is a
growing need for advanced orthopedic surgery devices to improve
patient outcomes and enhance surgical procedures.
The orthopedic surgery segment is expected to hold a dominant
position in the global general surgery devices market, owing to the
rising number of orthopedic surgeries performed worldwide. Key
players in the market are focusing on introducing innovative
orthopedic surgery devices that offer better precision, efficiency,
and patient comfort. This market opportunity presents lucrative
growth potential for players operating in the orthopedic surgery
devices segment.
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Recent Developments:
In September 2022, the latest
surgical vision platform from Olympus Corporation, VISERA ELITEB
III, was unveiled to meet the demand for medical professionals
doing endoscopic treatment in many fields.
In December 2020, the first 3-row
cicular stapler with variable height staples, the EEA circular
Stapler with Tri-staple technology was introduced by Medtronic
Private Limited.
Key Market Takeaways:
Global General Surgery Devices Market is anticipated to witness
a CAGR of 9.1% during the forecast period 2024-2031, owing to the
growing demand for minimally invasive surgery instruments and the
rising popularity of orthopedic surgery.
On the basis of type, the disposable surgical supplies segment
is dominating, while the minimally invasive surgery instruments
segment is expected to witness significant growth. In terms of
application, orthopedic surgery holds a dominant position, with
other applications such as cardiology, ophthalmology, and
neurosurgery also contributing to market growth. Hospitals are the
dominating end-use segment in the market, with North America leading in terms of region.
Key players operating in the global general surgery devices
market include Medtronic Plc, Johnson & Johnson Service; Inc., Conmed Corporation,
Integra LifeSciences, Smith & Nephew, Becton, Dickinson and
Company (Bd), B. Braun Melsungen Ag, Cadence Inc, Integer Holdings
Corporation, Olympus Corporation, Stryker, Boston Scientific
Corporation, Erbe Elektromedizin Gmbh, and 3M Healthcare. These key players are focusing on
strategic collaborations, product innovations, and geographical
expansions to strengthen their market presence and gain a
competitive edge.
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Detailed Segmentation:
By Type:
- Disposable Surgical Supplies
- Surgical Non-woven
- Disposable Surgical Masks
- Surgical Drapes
- Surgical Caps
- Surgical Gowns
- Examination & Surgical Gloves
- General Surgery General Surgery Procedural Kits
- Needles and Syringes
- Venous Access Catheters
- Open Surgery Instrument
- Retractor
- Dilator
- Catheters
- Energy-based & Powered Instrument
- Powered Staplers
- Drill System
- Minimally Invasive Surgery Instruments
- Laparoscope
- Organ Retractor
- Medical Robotics & Computer Assisted Surgery Devices
- Adhesion Prevention Products
By Application:
- Orthopedic Surgery
- Cardiology
- Ophthalmology
- Wound Care
- Audiology
- Thoracic Surgery
- Urology and Gynecology Surgery
- Plastic Surgery
- Neurosurgery
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
By Region:
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East &
Africa
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