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General Surgery Devices Market Size is Forecasted to Reach USD 2,234.1 Million by 2030 Says Precedence Research

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The general surgery devices market demand stood at US$ 1,534.6 million in 2020 and is forecast to reach US$ 2,234.1 million by 2030, growing at a healthy CAGR of 3.8% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

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Market Report Scope

Report Highlights Details
Market Size USD 2,234.1 Million by 2030
Growth Rate CAGR of 3.8% from 2021 to 2030
Largest Market North America
Fastest Growing Market APAC
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Application, Region

The general surgery devices are used in various surgical operations such as stomach surgery, appendix removal, breast surgery, gall bladder removal, and hernia repair. General surgery devices are important to provide improved health to the population. Therefore, wide availability and access to quality surgical devices became more important issue across the globe.

The innovation in general surgery devices is driven by the factors such as economic concerns, need for improved devices, and technological advancements. The availability of advanced surgical devices, rising prevalence of heart related issues, growing incidences of gastrointestinal diseases and osteoporosis, and other such diseases is significantly boosting the demand for the general surgery devices globally. Moreover, improved diagnostics and healthcare facilities, especially in the developed markets have exponentially contributed towards the growth of the general surgery devices market.

Crucial factors accountable for market growth are:

  • Rising global population
  • RFID and blockchain technology for device tracking
  • Growing disease burden
  • Rapid technological advancements in healthcare industry
  • Growing demand from emerging economies
  • Rising disposable income of the consumers

Report Highlights

  • By type, medical robotics and computer assisted general surgery devices segment is estimated to be the most opportunistic segment due to the rising adoption of robotics in surgeries owing to the higher consumer confidence in the advanced procedures.
  • By application, the orthopedic surgery segment held the major revenue share in the global general surgery devices market in 2020 owing to the rising bone disease among the geriatric population and increasing adoption of artificial intelligence in the orthopedic procedures.

Market Dynamics

Drivers – Growing geriatric population across the globe is a key driving force of the market. According to the World Health Organization (WHO), by 2020, the population of age 60 years and above is estimated to reach 2 billion. The aged population are vulnerable to numerous disease and it will lead to increased consumption of general surgery devices. Hence, the market is expected to grow rapidly in future.

Restraints – The high cost of surgery devices is a key restraining factor. The heavy investments due to the technological advancements in the surgery devices have resulted in the high prices of the surgical devices. The acquisition cost of advanced surgery devices is very much high and further, its maintenance cost is also high. This hinders the growth of the market especially in the developing and underdeveloped markets.

Opportunities – The introduction of latest technologies such as artificial intelligence, RFID, and blockchain technology in the general surgery devices provides better opportunities. The integration of AI with surgery devices enhanced surgical operations. Further, AI has improved robotics surgery, diagnostic assistance, and medical imaging. The tracking of medical and surgery devices became important to ensure cost effectiveness and transparent supply chain. RFID and blockchain technologies helps in tracking the medical devices efficiently and improves the supply chain functions.

Challenges – Cybersecurity has been gaining traction and increased attention in the recent years in the healthcare sector. For instance, Universal Health Services, an US based company, was attacked by a ransomware that resulted in delayed surgery and financial losses. Hence, maintaining data privacy and security is a major challenge to overcome by the healthcare industry.

Regional Snapshots

North America is the leading general surgery devices market owing to the better access to healthcare facilities to the people. Furthermore, the faster adoption and growing popularity of minimal invasive surgery has boosted the market growth in the recent years. Minimal invasive surgery includes robotic, laparoscopic, and endoscopic surgery that offers benefits to the patients such as wider variety of surgeries, less pain, more accurate, less complications, and faster recovery. Hence, the technological advancement played a crucial role in the consumption of general surgery devices in North America.

Asia Pacific is forecasted to be the fastest growing market. This is attributable to the ongoing developments in the manufacturing of the general surgery devices in the economies such as India, China, and Japan. Moreover, growing cases of accidents in the developing nations is further fueling the market growth. According to the United Nations, a higher percentage of road accidents are recorded in the low and middle income nations. Hence, the growing adoption of advanced equipment, growing export of general surgery devices, and rising development of healthcare infrastructure is expected to boost the general surgery devices market in Asia Pacific during the forecast period.

Competition Landscape

In the final section of the research report, Precedence Research provided the global general surgery devices market structure and a detailed competition landscape to provide a dashboard view of key players operating in the general surgery devices market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the general surgery devices market include:

  • B Braun Melsungen AG
  • Integra Lifesciences
  • 3M Healthcare
  • Smith & Nephew
  • Conmed Corporation
  • Boston Scientific Corp.
  • Integer Holdings Corp.
  • TransEntrix
  • CareFusion Corporation Ethicon
  • ErbeElektromedizin

Market Segmentation

By Type

  • Open Surgery Instrument
  • Disposable Surgical Supplies
  • Minimally Invasive Surgery Instrument
  • Energy Based & Power Instrument
  • Medical Robotics & Computer Assisted Surgery Devices
  • Adhesion Prevention Devices

By Application

  • Ophthalmology
  • Cardiology
  • Orthopedic Surgery
  • Audiology
  • Wound Care
  • Urology & Gynecology
  • Plastic Surgery
  • Thoracic Surgery
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global general surgery devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for general surgery devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1318

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global General Surgery Devices Market, By Product

7.1. General Surgery Devices Market, by Product Type, 2021-2030

7.1.1. Open Surgery Instrument

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Disposable Surgical Supplies

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Minimally Invasive Surgery Instrument

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Energy Based & Power Instrument

7.1.4.1. Market Revenue and Forecast (2019-2030)

7.1.5. Medical Robotics & Computer Assisted Surgery Devices

7.1.5.1. Market Revenue and Forecast (2019-2030)

7.1.6. Adhesion Prevention Devices

7.1.6.1. Market Revenue and Forecast (2019-2030)

7.1.7. Others

7.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global General Surgery Devices Market, By Application

8.1. General Surgery Devices Market, by Application, 2021-2030

8.1.1. Ophthalmology

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Cardiology

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Orthopedic Surgery

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Audiology

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Wound Care

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Urology & Gynecology

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Plastic Surgery

8.1.7.1. Market Revenue and Forecast (2019-2030)

8.1.8. Thoracic Surgery

8.1.8.1. Market Revenue and Forecast (2019-2030)

8.1.9. Others

8.1.9.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global General Surgery Devices Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.2. Market Revenue and Forecast, by Application (2019-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.2. Market Revenue and Forecast, by Application (2019-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.2. Market Revenue and Forecast, by Application (2019-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.2. Market Revenue and Forecast, by Application (2019-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 10. Company Profiles

10.1. B Braun Melsungen AG

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Integra Lifesciences

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. 3M Healthcare

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Smith & Nephew

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Conmed Corporation

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Boston Scientific Corp.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Integer Holdings Corp.

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. TransEntrix

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. CareFusion Corporation Ethicon

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. ErbeElektromedizin

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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