General Surgical Devices Market Is Growing Around the World with CAGR of 8.5% - Top 10 Market, Leading Sellers and Regional Forecast till 2023

Surgical devices are instruments that are used to perform various surgeries depending upon the complexity of the surgery such as open, minimally invasive surgery, and others. The advancements in the surgical procedure due to global health initiatives are expected to boost the general surgical devices market. For instance, in January 2017, the Ethiopia Federal Ministry of Health (FMOH) launched the Safe Surgery (SaLTS) and Health Sector Transformation Plan (HSTP) programs that highlight safe surgery and makes the emergency surgical services and anesthesia care affordable and accessible.

Besides, the advancements in technology and polymer science are co-related to the evolution of Minimally Invasive Surgical (MIS) methods and related medical devices that are anticipated to intensify the demand over the forecast period. For instance, in October 2017, RTI Surgical had launched their polymer implant that is 3-D printed which is used for spinal interbody fusion.

The high demand for disposable supplies such as syringes, catheters, and needles coupled with the increasing awareness about diseases transmitted through surgical devices and government regulations ensuring safety in surgical procedures are expected to cause a surge in demand for disposable products for the global general surgical devices market.

Some of the factors responsible for the growth of the market include technological advancement in general surgical devices, rising demand for minimally invasive devices, growing incidence of injuries and accidents, and increasing healthcare expenditures in emerging economies. On the other hand, factors such as stringent government regulations and improper reimbursement for surgical devices are hampering the market growth.

The global market for general surgical devices is anticipated to grow at a CAGR of approximately 8.5% during the forecast period, 2017–2023.

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Global General Surgical Devices Market — Regional Analysis

The global general surgical devices market consists of regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.

Americas dominated the global general surgical devices market owing to the increasing number of surgical procedures, the presence of key players, favorable reimbursement policies, and numerous initiatives undertaken by the government to provide training sessions and access to advanced devices for physicians.

As per an article published by Time, Inc., until June 2017 there were more than 4,100 da Vinci units installed globally. This includes 2,703 in the U.S., 698 units in Europe, 538 units in Asia, and 210 units in the rest of the world. For instance, in April 2017, Intuitive Surgical, Inc. received the CE mark approval in Europe for the da Vinci X Surgical System that offers robotic-assisted surgeries at a lower cost for surgeons and hospitals.

Asia Pacific is anticipated to grow at a maximum pace during the forecast period due to rising investments along with the regional expansion. For instance, in February 2014, CryoLife, Inc. established a new subsidiary in the Asia Pacific region. This expansion will increase the presence of the subsidiary in the general surgery devices market in the Asia Pacific region.

The Middle East and Africa has the potential to emerge as a production hub for medical devices and large-scale development. The key factor contributing to this transformation is the low cost of product development in this region.

Leading Players in the General Surgical Devices Market:

• Johnson & Johnson Services, Inc.
• Erbe Elektromedizin GmbH
• Conmed Corporation
• Smith & Nephew
• 3M Healthcare
• CareFusion Corporation
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Medtronic Plc.
• Stryker Corporation and others.

Market Segmentation:

The global general surgical devices market is segmented on the basis of type, product, application, and end-user.

On the basis of type, the global general surgical devices market can be segmented into disposable surgical supplies, open surgery instrument, energy-based and powered instrument, minimally invasive surgery instruments, medical robotics and computer-assisted surgery devices, and others.

The disposable surgical supplies are segmented into surgical non-woven, examination and surgical gloves, general surgery procedural kits, needles and syringes, venous access catheters, and others. The surgical non-woven segment is further divided into disposable surgical masks, surgical drapes, surgical caps, surgical gowns, and others.

The open surgery instrument is segmented into retractor, dilator, and catheters. The energy-based and powered instruments are segmented into powered staplers and drill system. The minimally invasive surgery instruments are divided into laparoscope and organ retractor. The medical robotics and computer-assisted surgery devices are divided into adhesion prevention products and others.

On the basis of product, the global general surgical devices market can be segmented into handheld devices, laparoscopic devices, electrosurgical devices, wound closure devices, trocars and access devices, and others.

On the basis of application, the global general surgical devices market can be segmented into orthopedic surgery, cardiology, ophthalmology, wound care, audiology, thoracic surgery, urology and gynecology surgery, plastic surgery, neurosurgery, and others.

On the basis of end-user, the global general surgical devices market can be segmented into hospitals, clinics, diagnostic centers, academic institutes, research centers, and others.

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TOC of General Surgical Devices Market Research Report — Global Forecast to 2023

1. Report Prologue

2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation

3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

LIST OF TABLES

Table 1 General Surgical Devices Industry Synopsis, 2017–2023
Table 2 General Surgery Devices Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 General Surgery Devices Market, By Region, 2017–2023, (USD Million)
Table 4 General Surgery Devices Market, By Type, 2017–2023, (USD Million)
Table 5 General Surgery Devices Market, By Product, 2017–2023, (USD Million)

LIST OF FIGURES

Figure 1 Research Process
Figure 2 Segmentation For General Surgery Devices Market
Figure 3 Segmentation Market Dynamics For General Surgery Devices Market
Figure 4 Global General Surgery Devices Market Share, By Type 2016
Figure 5 Global General Surgery Devices Market Share, By Product 2016

TOC CONTINUED…

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