GLOBAL GENERAL SURGERY DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The general surgery devices market has been witnessing steady growth over the years owed to the rising prevalence of chronic diseases and the growing geriatric population worldwide. General surgery involves operative procedures for treatment of diseases or injuries in various parts of the body excluding the organs like heart or brain. The increasing adoption of minimally invasive surgeries fuelled by patient preference for quick recovery and minimal scarring has significantly driven the demand for general surgery devices in recent times. Furthermore, the advanced technologies facilitating improved visualization, dexterity and control during complex procedures have boosted the capabilities as well as popularity of general surgery. While developed regions dominate the market currently, emerging nations are expected to provide high growth opportunities owing to growing healthcare expenditure and infrastructure.

 Market Dynamics:

The global general surgery devices market is primarily driven by the rising geriatric population prone to injury or disease, increasing obesity rates leading to higher risk of chronic conditions, and growing preference for minimally invasive procedures. However, pricing pressures due to reimbursement cuts and regulatory requirements for new product approval are some of the key factors restraining market growth. The development of robotic assisted platforms expanding the capabilities of complex general surgery presents a major opportunity for manufacturers. Additionally, improving access to healthcare in developing nations will further support the market expansion in the coming years.

For instance, on May 29, 2023, according to a report published in the National Center for Biotechnology Information, in 2022, there were approximately 771 million people aged 65+ years globally, accounting for almost 10% of the world’s population, and this figure has been growing at an increasing rate, which is expected to hit 16% in 2050, and eventually 24% by 2100

Similarly, in October 2022, according to a report published by the World Health Organization (WHO), the share of the population aged 60 years and over will increase from 1.36 billion in 2020 to 1.42 billion, while by 2050, the world’s population of people aged 60 years and older will double (2.1 billion)

Key features of the study:

• This report provides in-depth analysis of the global general surgery devices market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global general surgery devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global general surgery devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global general surgery devices market

Detailed Segmentation:

• Global General Surgery Devices Market, By Type
• • Disposable Surgical Supplies
    • Surgical Non-woven
      • Disposable Surgical Masks
      • Surgical Drapes
      • Surgical Caps
      • Surgical Gowns
    • Examination & Surgical Gloves
    • General Surgery General Surgery Procedural Kits
    • Needles and Syringes
    • Venous Access Catheters
  • Open Surgery Instrument
    • Retractor
    • Dilator
    • Catheters
  • Energy-based & Powered Instrument
    • Powered Staplers
    • Drill System
  • Minimally Invasive Surgery Instruments
    • Laparoscope
    • Organ Retractor
  • Medical Robotics & Computer Assisted Surgery Devices
  • Adhesion Prevention Products
• Global General Surgery Devices Market, By Application
  • Orthopedic Surgery
  • Cardiology
  • Ophthalmology
  • Wound Care
  • Audiology
  • Thoracic Surgery
  • Urology and Gynecology Surgery
  • Plastic Surgery
  • Neurosurgery
  • Others
• Global General Surgery Devices Market, By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others
• Global General Surgery Devices Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Global General Surgery Devices Market, Key Players
  • Medtronic Plc
  • Johnson & Johnson Service; Inc.
  • Conmed Corporation
  • Integra LifeSciences
  • Smith & Nephew
  • Becton; Dickinson and Company (Bd)
  • Braun Melsungen Ag
  • Cadence Inc
  • Integer Holdings Corporation
  • Olympus Corporation
  • Stryker
  • Boston Scientific Corporation
  • Erbe Elektromedizin Gmbh
  • 3M Healthcare