The general surgery devices market size is predicted to hit US$ 2,051.23 million by 2028 from valued at US$ 1,587.39 million in 2021 and growing at a CAGR of 3.8% from 2021 to 2030.
The general surgery devices market size is predicted to hit US$ 2,051.23 million by 2028 from valued at US$ 1,587.39 million in 2021 and growing at a CAGR of 3.8% from 2021 to 2030.
Growth Factors
The surgical devices are utilized in different kind of surgeries. There are different types of devices and gadgets used in surgery. The types of general surgery devices are minimally invasive surgery instrument, open surgery instrument, energy based and power instrument, disposable surgical supplies, medical robotics, adhesion prevention devices, and computer assisted surgery devices. These all-general surgery devices are applicable in different areas of healthcare such as ophthalmology, wound care, cardiology, orthopedic surgery, urology, audiology, plastic surgery, gynecology, and thoracic surgery.
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The increasing technological advancements in the field of surgery is creating lucrative opportunities for the growth of the global general surgery devices market during the forecast period. The key market players have started adopting stem cell technology and 3D printing technology for the development of general surgery devices. These technologies increase the sustainability of the general surgery devices. Apart from these technologies, the major market players and general surgery devices’ manufacturers are using robotics, artificial intelligence, and blockchain. As a result, the technological developments are driving the growth of the global general surgery devices market.
In addition, the rising prevalence of cardiac disorders and gastrointestinal diseases is also supporting the expansion of the global general surgery devices market over the projection period. This kind of diseases is more prevailing among the geriatric or old people. Furthermore, the growing trend of non-invasive and minimally invasive surgeries is also boosting the growth of the worldwide general surgery devices market. Also, the general surgery devices market is growing due to the number of surgeries every year. This factor is creating huge demand for general surgery devices in the market.
Report Highlights:
- Based on the type, the disposable supplies segment dominated the global general surgery devices market in 2020 with largest market share. There is high risk of transmission of diseases through general surgery devices. Therefore, healthcare practitioners and doctors prefer disposable supplies on a large scale.
- On the basis of application, the orthopedic surgery segment holds the largest market share the global general surgery devices market in 2020. There is rising road accidents which are causing injuries to the people. Thus, the demand for general surgery devices is rising for orthopedic surgeries.
- North America is the largest segment for general surgery devices market in terms of region. This is attributed to the existence of major market players, reimbursement policies laid down by government, and research and development initiatives by government.
- Asia-Pacific region is the fastest growing region in the general surgery devices market.The factors such as rising awareness among the people regarding surgeries, stringent government regulations for general surgery devices, and rising prevalence of chronic disorders are supporting the growth of the general surgery devices market in the region.
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Future of General Surgery Devices Market
The evolution of general surgery devices is taking place year by year since few decades. The surgical centers and clinics have become integral part of healthcare system. There are wide range of surgeries such as vascular surgery, hysterectomy, laparoscopy, cataract surgery, gastric bypass surgery, caesarean section, breast biopsy, tonsillectomy, hepatectomy, radical mastectomy, hip replacement, and debridement. Moreover, due to technological advancements and innovation, the number of general surgery devices is developed. These general surgery devices have made surgeries a quick process. The time is saved due to the installation of general surgery devices. Another reason for the growth and development of the global general surgery devices market is surge in the number of geriatric populations. This kind of people is highly weak. They need good type of treatment and diagnostics. It has been found that women above the age of 40 are weak in terms of physical strength. Their bones started to become weak. Then this creates the need and requirement for surgeries related to bones. As a result, the general surgery devices are high in demand, which is creating growth prospects for the general surgery devices market in upcoming years.
COVID-19 Impact Analysis:
- There was no great impact of the COVID-19 on the global general surgery devices market growth in 2020.
- But the supply chain disruptions caused a huge impact on the general surgery devices market.
Key Developments in the Marketplace:
- Medrobotics Corporation secured USD 20 million in funding in February 2017 to expand into novel surgical applications and build the next generation Flex Robotic System.
- Intuitive Surgical Inc. received CE mark clearance in April 2017 for its da Vinci X surgical system, which delivers robotic surgery at a low cost.
Segments Covered in the Report
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
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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