General Surgery Devices Market

Publisher: AnalystView Market Insights
Publication Date: June, 2020
Healthcare / Medical Devices
Pages: 247
Delivery Format: PDF

By Types (Medical Robotics & Computer Assisted Surgery Devices, Disposable Surgical Supplies, Energy-Based & Powered Instrument, Adhesion Prevention Products, Minimally Invasive Surgery Instruments, and Open Surgery Instrument), By Application (Orthopedic Surgery, Audiology, Thoracic Surgery, Plastic Surgery, Neurosurgery, Urology & Gynecology Surgery, Cardiology, Ophthalmology, and Wound Care), and By Geography (EU, NA, APAC, LATAM, and MEA) Ð Analysis, Size, Share, Trends, & Forecast from 2020-2026

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REPORT HIGHLIGHT

General surgery devices market was valued at USD 10.43 billion by 2019, growing with 10.3% CAGR during the forecast period, 2020-2026.

General surgery devices can be defined as medical equipment usually used in complicated surgeries, routine procedures, and a wide variety of diseases. These devices are used in trauma and burn care, gastrointestinal problems, breast cancer, and hernias. Moreover, general surgery devices are employed in various subspecialties of general surgery such as obstetrics, orthopedics, neurology, cardiovascular, urology, and gynecology. The main purpose of these devices is to cut, tie, grasp, clamp, and spread anatomical parts of the human body at the time of surgical procedures. These devices are deployed mainly in hospitals, healthcare centers, and small clinics.

Market Dynamics

A surge in the number of surgical procedures being performed along with the technological advancements in this field is the major factors boosting the growth of the global general surgery devices market. In addition, the growing prevalence of cardiac-related diseases, osteoporosis, gastrointestinal disease, and the rising awareness amongst people regarding these diseases are factors propelling market growth. According to the World Health Organization (WHO), around 17.9 million deaths worldwide were reported in 2016 due to cardiac-related diseases.

Furthermore, the growing preference of patients for minimally invasive and medical robotics & computer-assisted surgery are anticipated to impel the market growth during the forecast period. However, the stringent regulatory procedures and lack of apt reimbursement for general surgery devices are predicted to hamper the market growth in the coming future. On the contrary, the adoption of advanced surgeries and the technological developments in surgical devices are expected to create lucrative opportunities in the overall market in the projected timeframe.

Types Takeaway

ÒDisposable surgical supplies category to be most lucrative market segment by 2026Ó

Based in the types, the global market for general surgery devices is categorized into disposable surgical supplies, energy based & powered instrument, medical robotics & computer-assisted surgery devices, minimally invasive surgery instruments, adhesion prevention products, open surgery instrument. The disposable surgical supplies segment is further sub-categorized into general surgery procedural kits, surgical non-woven, needles & syringes, examination & surgical gloves, and venous access catheters. The energy based & powered instrument segment is sub-segmented into powered staplers and drill system. The minimally invasive surgery instruments segment is sub-categorized into laparoscope and organ retractor. And, the open surgery instrument segment is sub-segmented into retractor, dilator, and catheters.

Among these, the disposable surgical supplies segment accounted for the majority of share in 2019 and is anticipated to be most lucrative during the forecast period. This is majorly owing to the high demand for disposable supplies such as catheters, syringes, and needles. In addition, the growing awareness regarding diseases transmitted through surgical devices along with enhanced government regulations is expected to boost the segmental market growth. On the other hand, the medical robotics & computer-assisted surgery devices segment is anticipated to register for the highest growth during the forecast period. This is primarily due to extensive R&D for developing accurate computer-assisted tools.

Application Takeaway

ÒOrthopedic application will dominate the global industry during the forecast periodÓ

Based on the application, the overall general surgery devices industry is categorized into orthopedic surgery, audiology, thoracic surgery, urology & gynecology surgery, plastic surgery, neurosurgery, cardiology, ophthalmology, and wound care. Of these, the orthopedic surgery segment registered for the highest market share in 2019 and is estimated to dominate the industry during the forecast period. This dominance is majorly attributed to the increasing geriatric population and growing cases of bone diseases. Moreover, developing diagnosis methods, favorable reimbursement, and product innovations will propel segmental market growth.

On the other hand, the wound care segment is estimated to be the second-largest growing market during the period of forecast owing to the increase in the number of road accidents and advancements in wound care products. In addition, a surge in the number of novel centers in order to improve wound treatment is also likely to fuel the segmental market growth.

Regional Takeaway

ÒNorth America region to lead the market by the end of 2026Ó

Depending on the region, the global industry is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region subjugated the general surgery market in 2019 and is estimated to play a dominant role throughout the forecast. The major factors responsible for this dominant growth include the presence of key companies, favorable reimbursement policies, and helpful government initiatives that allow east access to advanced products for training sessions and general surgery for physicians.

The Asia Pacific market for general surgery devices is projected to grow at the fastest rate during the period of forecast owing to the increase in the number of investments in this region. Besides, increasing awareness regarding reconstructive or plastic surgeries will contribute to regional market growth. India, China, Japan, Singapore, and Australia are the major countries in the Asia Pacific region.

COVID-19 Impact

The global impact of COVID-19 continues to be felt as hospitals in various countries worldwide reduce nonurgent and elective cases to allow resources and staffing to be deployed elsewhere. In particular, there are concerns related to the transmission of COVID-19 during general surgery, which is negatively impacting the global general surgery devices market. However, this market is estimated to grow at a significant rate post-coronavirus pandemic.

Key Vendor Takeaway

The leading players of the global general surgery devices market include Covidien Plc (Medtronic), B. Braun Melsungen AG, Boston Scientific Corp., Conmed Corp., Johnson & Johnson Service, Inc., Erbe Elektromedizin GmbH, 3M Healthcare, Integra LifeSciences, Smith & Nephew, and CareFusion Corp. These players are adopting several strategies such as product developments, mergers & acquisitions, and geographical expansion to hold a strong position in the global industry.

For instance, in May 2020, a Boston-based medical equipment manufacturer, Activ Surgical launched visualization technology with its ActicEdge platform to make surgeries safer. The ActivEdge platform is a machine learning and artificial intelligence software system that is intended to provide real-time intelligence & visualization to enhance patient outcomes.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year Ð 2015 to2018
Base Year Ð 2019
Estimated Year Ð 2020
Projected Year Ð 2026
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

KEY PLAYERS

Covidien plc (Medtronic)
Braun Melsungen AG
Boston Scientific Corporation
Conmed Corporation
Johnson & Johnson Service, Inc.
Erbe Elektromedizin GmbH
Integra LifeSciences
3M Healthcare
Smith & Nephew
CareFusion Corporation
GENERAL SURGERY DEVICES MARKET, BY TYPES (VALUE AND VOLUME DATA)

Energy Based & Powered Instrument
Powered Staplers
Drill System
Disposable Surgical Supplies
General Surgery Procedural Kits
Surgical Non-woven
Disposable Surgical Masks
Surgical Caps
Surgical Drapes
Surgical Gowns
Needles and Syringes
Examination & Surgical Gloves
Venous Access Catheters
Open Surgery Instrument
Retractor
Dilator
Catheters
Minimally Invasive Surgery Instruments
Laparoscope
Organ Retractor
Medical Robotics & Computer Assisted Surgery Devices
Adhesion Prevention Products
GENERAL SURGERY DEVICES MARKET, BY APPLICATION

Plastic Surgery
Neurosurgery
Cardiology
Thoracic Surgery
Urology and Gynecology Surgery
Ophthalmology
Orthopedic Surgery
Audiology
Wound Care
Others
GENERAL SURGERY DEVICES MARKET, BY REGION

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA

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General Surgery Devices Market

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