Global General Surgical Devices Market is set to exceed around 6.5 % CAGR with Key Industry Participants in the Market Include B. BRAUN MELSUNGEN AG, BOSTON SCIENTIFIC CORPORATION, MAQUET HOLDING B.V. & CO. KG., MEDTRONIC

The global general surgical devices market is expected to register a CAGR of 6.5% during the forecast period 2018 to 2023. North America dominates the market due to increasing demand for technologically advanced surgical devices and favorable reimbursement policies in the region.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16958
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

North America to Dominate the Market
North America dominates the general surgical devices market due to the presence of well-established market players, rising technological advancement, and a favorable reimbursement scenario. Asia-Pacific is expected to grow tremendously during the forecast period owing to factors, such as the presence of huge patient pools, rising trend toward minimally invasive surgical procedures, and a growing medical tourism industry in the emerging countries of the region.

Key Developments in the Market
• March 2016: W. L. Gore & Associates, Inc. (Gore) launch of GOREu00ae SYNECOR Biomaterial, a unique hybrid device for hernia repair.
• October 2017: Johnson & Johnson acquired German software company, Surgical Process Institute (SPI), for the digitalization and standardization of surgical workflows in the operating theatre.

Major Players:
B. BRAUN MELSUNGEN AG, BOSTON SCIENTIFIC CORPORATION, CADENCE INC. INTEGER HOLDINGS CORPORATION, MAQUET HOLDING B.V. & CO. KG., MEDTRONIC, CONMED CORPORATION, OLYMPUS CORPORATIONS, STRYKER CORPORATION, AND JOHNSON & JOHNSON, amongst others.

Get Quality Discount @ https://marketprognosis.com/discount-request/16958
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Technological Advancement in General Surgical Devices
Technological advancements by major players in surgical devices have boosted demand for general surgical devices among the end users, such as hospitals and surgical centers. Innovations in devices for surgical treatment have reduced hospital stays of patients, which results in a drop of the overall treatment cost. Hence, these devices are anticipated to gain popularity during the forecast period. Key players are investing in the development of new devices with novel technology. For instance, In August 2016, Ethicon US, LLC part of the Johnson & Johnson, launched ProxiSureTM Suturing Device, an advanced laparoscopic suturing device designed to improve precision in minimally invasive surgery. These technological advancements in general surgical devices will likely boost the market during the forecast period.
Rising demand for minimally invasive surgeries, increase in the number of surgical procedures, and growing incidences of injuries and accidents are the factors driving the market growth of the global general surgical devices market.

Stringent Regulatory Process
The stringent regulatory processes in the United States, Japan, and some countries of Europe for medical devices are the major restraining factors for the general surgical devices market. General surgical devices fall under Class III devices, which have a stringent regulatory requirement that demands more capital investment from key players, and thus increases the overall cost of devices. Further, lack of skilled technicians is also likely to impede the growth of the global general surgical devices market.

Browse Report @ https://marketprognosis.com/enquiry/16958
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.