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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SOURCE Coherent Market Insights