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| Global General Surgery Devices Market |
General surgery devices are specialized surgical instruments and equipment used for performing various general surgery procedures across different clinical specialties such as gastroenterology, orthopaedics, neurosurgery, plastic surgery, and others. Key general surgery devices include surgical sutures and staplers, handheld surgical equipment, electrosurgical devices, and adhesion prevention products. The rising geriatric population is increasing the prevalence of age-related diseases requiring surgical intervention, thereby driving the demand for general surgery devices. Additionally, technological advancements leading to the development of energy-based general surgery devices with improved safety profiles is another key growth factor.
The Global General Surgery Devices Market is estimated to be valued at US$ 16.46 Bn in 2024 and is expected to
exhibit a CAGR of 9.1% over the
forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global General Surgery Devices are Medtronic Plc,
Johnson & Johnson Service; Inc., Conmed Corporation, Integra LifeSciences,
Smith & Nephew, Becton, Dickinson and Company (Bd), B. Braun Melsungen Ag,
Cadence Inc, Integer Holdings Corporation, Olympus Corporation, Stryker, Boston
Scientific Corporation, Erbe Elektromedizin Gmbh and 3M Healthcare. Key players
are focusing on new product launches and geographical expansions to gain a
competitive edge in the market.
The major growth opportunities in the market include increasing adoption of
minimally invasive surgeries, growing medical tourism in developing regions,
and rising demand for hernia repairs. Global
General Surgery Devices Market Trends is expected to witness high growth in Asia
Pacific region owing to growing healthcare infrastructure, rising medical
tourism, and increasing healthcare expenditure.
Market Drivers
Rising geriatric population- The growing aging population worldwide is
increasing the incidences of various diseases requiring surgical interventions.
As per the UN estimates, the global geriatric population is expected to grow
from 727 million in 2020 to 1.5 billion by 2050. This rising geriatric
population base will augment the demand for general surgery devices over the
forecast period.
Technological advancements- Ongoing technological advancements in general
surgical devices focused on improving safety, efficacy and outcomes of
procedures. The introduction of advanced energy-based devices such as monopolar
and bipolar electrosurgical devices, ultrasonic and ligating clip applicators
are driving the adoption of general surgery devices.
Market Restrain
High costs associated with surgeries- General surgical procedures such as
hernia repair, Cholecystectomy often involve the use of costly surgical
consumables and devices which increases the overall treatment costs. This cost
burden may limit widespread adoption of general surgery devices in developing
regions with low healthcare access and coverage.
Lack of reimbursement in developing regions- Unfavorable reimbursement policies
in Asian and Latin American countries pose financial barriers in adoption of
high-end general surgery devices in these regions. This acts as a major
restrain to market growth.
Segment Analysis
The global general surgery devices market is dominated by surgical sutures sub
segment. Surgical sutures account for over 30% of the market share as they are
used in every surgery for wound closure. Sutures are very cost effective and
come in absorbable and non-absorbable forms. Electrosurgical devices sub
segment is the second largest segment and is witnessing highest growth.
Advantages associated with electrosurgery such as precise cut, reduced blood
loss and shorter procedure time is driving adoption of electrosurgical devices
among surgeons.
Global Analysis
North America dominates the global general surgery devices market with a share
of over 40% due to developed healthcare infrastructure, rising chronic diseases
and geriatric population. Furthermore, presence of leading industry players and
frequent product launches contributes to market growth. Asia Pacific is the
fastest growing region on account of rapidly developing healthcare sector and
increasing medical tourism. Rising disposable incomes and growing awareness
about latest surgical technologies in countries like China and India will aid
regional expansion over the forecast period.
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General Surgery Devices Market
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