General Surgery Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

General Surgery Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Medical Devices | PPT format

Report Digest


Global General Surgery Devices Market: Snapshot

The global market for general surgery devices is witnessing a massive surge in demand owing to the mounting global population of geriatrics and the significant rise in number of surgical procedures. While global public-health initiatives have mostly centered around disease prevention, control and surveillance of infectious diseases, and promotion of benefits associated with healthy lifestyles, rising life expectancy in the past few decades, especially in middle- and low-income countries, have changed previous trends.

Industrialization and significant lifestyle changes have brought about an epidemiological transition and health conditions afflicting the global population are shifting from conditions caused due to infections and pestilence to lifestyle associated diseases. The condition has led to a substantial rise in health conditions such as cardiovascular diseases, cancers, cerebro-vascular diseases, and bone disorders, in developed, developing, and less developed economies. Numbers of injuries owing to accidents are also significantly increasing across the globe as the global traffic of vehicles and other technologically advanced devices has increased.

These trends are expected to remain strong in the near future as well, presenting a massive rise in demand for general surgeries. The scenario is also expected to lead to a substantial increase in the global demand for general surgery devices. The high growth potential of the global general surgery devices market has attracted a large number of small and large general surgery device manufacturing companies in the global marketplace and the market continues to attract a number of new players.

Global General Surgery Devices Market: Overview

Surgical devices find applications in varied surgical procedures such as in closure of wounds and plastic and reconstructive surgeries, among others. They are deployed in hospitals, small clinics, and other healthcare centers and are used in different types of surgeries, namely orthopedics, obstetrics, neurology, urology, cardiovascular medicine, and gynecology. Savvy players in the global general surgery devices market are making efforts to make build inroads in the fast-expanding developing economies of Asia Pacific and Latin America, which hold out strong opportunities.

Besides expanding their geographical footprints, market participants are also resorting to other initiatives such as strategic collaborations and partnerships, product development, and carefully-considered mergers and acquisitions to further bolster their positions. A report by TMR Research provides a thorough peek into the global market for general surgery devices. It studies the market after segmenting it based on different parameters and also offers a granular analysis of the factors driving or hindering it.

Further, the report presents a detailed assessment of the competitive landscape in the global market for general surgery devices and identifies key players contributing towards its growth. The companies have been profiled in the report based on important parameters such as key strengths and recent developments, product portfolio, and geographical reach. Market-leading analytical tools have also been leveraged to gauge the opportunities and threats awaiting players.

Global General Surgery Devices Market: Trends and Opportunities

Growth drivers significantly contributing to the global market for general surgery devices are a burgeoning geriatric population, rising awareness about different surgeries, and the means to go under the knife to better looks as in plastic and reconstructive surgeries. To elaborate a bit further, the elderly population accounted for a large number of surgeries pertaining to the bone, brain, heart, and ear disorders. Technological progress resulting in cutting-edge devices and healthcare institutes providing advanced surgeries such as minimally invasive surgeries in emerging economies is also leading to market growth.

One key development to look out for in the global market for general surgery devices is the opportunities opened up by robotics and the computer-assisted sector, both of which are in a nascent stage now. The different products available in the market are open surgery instruments, minimally invasive surgery instruments, disposable surgical supplies, energy based and powered instruments, adhesion prevention products, and medical robotics and computer assisted surgery devices. Among them, the disposable surgical supplies segment leads the market with maximum revenue due to the soaring demand for disposable needles, syringes, and catheters.

Global General Surgery Devices Market: Regional Outlook

Geographically, the key segments of the market are North America, Asia Pacific, Europe, and the Rest of the World. North America, of these, is a crucial market on account of the concentration of well-entrenched players in the region, strong policy support of the government, solid reimbursement policies, and spiking demand for surgeries because of lifestyle-related diseases. In the years ahead, however, Asia Pacific is slated to overtake all other regions in terms of growth due to the increasing spend on healthcare in the developing nations of the region. Some of the prominent markets within Asia Pacific are India, Japan, China, Australia, and Singapore.

Companies Mentioned in the Report

Some of the noteworthy companies competing in the global market for general surgery devices market, profiled in the report are B. Braun Melsungen AG, Smith & Nephew, Boston Scientific Corporation, Covidien Plc (Medtronic), Conmed Corporation, Integra LifeSciences, 3M Healthcare, and Care Fusion Corporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.