General Surgery Devices Market Overview and Forecast - 2031
The General Surgery Devices Market is expected to register a CAGR of 8.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Disposable Surgical Supplies, Open Surgery Instrument, Energy-based and powered instrument, Minimally Invasive Surgery Instruments, Medical Robotics and Computer Assisted Surgery Devices, Adhesion Prevention Products). The report further presents analysis based on the Application (Thoracic Surgery, Plastic Surgery, Urology and Gynecology Surgery, Ophthalmology, Neurosurgery, Cardiology, Orthopedic Surgery, Other Applications). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report General Surgery Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
General Surgery Devices Market Segmentation
Type- Disposable Surgical Supplies
- Open Surgery Instrument
- Energy-based and powered instrument
- Minimally Invasive Surgery Instruments
- Medical Robotics and Computer Assisted Surgery Devices
- Adhesion Prevention Products
- Thoracic Surgery
- Plastic Surgery
- Urology and Gynecology Surgery
- Ophthalmology
- Neurosurgery
- Cardiology
- Orthopedic Surgery
- Other Applications
Strategic Insights
General Surgery Devices Market Growth Drivers- Increased Incidence of Chronic Illnesses:
The growing prevalence of chronic diseases such as diabetes, obesity, and cardiovascular diseases contributes to the increasing demand for general surgery devices. Such diseases often require surgical interventions; the growing incidence of the diseases surges the operation procedures. As has been projected by the World Health Organization, the prevalence of chronic diseases is likely to increase by 17% in 2025. A very sharp increase in the demand for general surgery devices is expected. - Advancements in Minimally Invasive Surgical Procedures:Additional impetus to the market for general surgery devices is also being given by the advancements in the techniques and technologies of minimally invasive surgery. Minimally invasive surgical procedures bear tremendous benefits, such as recovery time over a short period following the surgical procedure, less pain associated with the surgery, and fewer chances of complications compared to traditional open surgery. An added influence on the adoption of these procedures and, consequently, the market for general surgery devices is given by the emergence of new devices and technologies that support the concept of performing minimally invasive surgery.
- Growing Adoption of Robotic Surgery:
The increasing adoption of robotic surgery is another key driver driving the growth of the market. Robot-assisted surgery provides benefits such as increased accuracy, lowered blood loss, and fast recovery times. As more hospitals and surgeons are opting for such surgeries, the trend of robotic surgery adoption will continue to grow.
- Trend towards Single-Use Devices
In the coming years, the market for general surgery devices is going to be dominated by single-use devices. The benefits of single-use devices are that there is a lesser chance of infection, lower risks of failure, and also better patient safety. Owing to growing awareness about sterilization and infection control in surgical procedures, the demand for single-use devices is being increasingly advocated. - Growing Use of Electrosurgical Devices:Other factors that should contribute towards the growth of market for general surgery devices include increasing adoption of electrosurgical devices. Electrosurgical devices are known to offer improved precision, reduced bleeding, and faster recovery times. The adoption of electrosurgical devices is driven by the growing demand for minimally invasive surgical procedures.
- Increasing Demand for Laparoscopic Devices:
With increasing demand for laparoscopic devices, the same will be witnessed in the market for general surgery devices also. The adoption of laparoscopic devices offers benefits such as improved visualization, minimal blood loss, and faster recovery. The demand for minimally invasive surgeries fuels the adoption of laparoscopic devices.
- Expansion into New Indications:
Expansion from new indications for general surgery firms brings opportunities to strengthen their product offerings and add revenue streams. This is in new niches, such as orthopedic and neurosurgery. - Collaborations and Partnerships:
Companies can partner with colleges and universities to grow and develop new products or services that use their expertise. Partnerships between companies with these other specialized companies in robotics and artificial intelligence can be an example of new products and services developed. - Developing Countries:
Opportunities will also arise for market expansion among companies if general surgery equipment increases in demand in developing countries. General surgery devices are highly demanded due to the rapid growth of healthcare services and the increasing prevalence of chronic diseases in the developing world.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the General Surgery Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the General Surgery Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The general surgery devices market is estimated to grow with a CAGR of 8.3% from 2023 to 2031.
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The general surgery devices market majorly consists of players such 3M, B. Braun Melsungen AG and BD. among others.
Increasing adoption of single use devices in general surgery devices is likely to remain the key trend during the forecast period.
The market drivers include the increasing prevalence of chronic diseases and growing number of surgeries, which are driving the general surgery devices market.
North America dominated the general surgery devices market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 General Surgery Devices Market - By Type
1.3.2 General Surgery Devices Market - By Application
1.3.3 General Surgery Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GENERAL SURGERY DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GENERAL SURGERY DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GENERAL SURGERY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. GENERAL SURGERY DEVICES - GLOBAL MARKET OVERVIEW
6.2. GENERAL SURGERY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GENERAL SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DISPOSABLE SURGICAL SUPPLIES
7.3.1. Overview
7.3.2. Disposable Surgical Supplies Market Forecast and Analysis
7.4. OPEN SURGERY INSTRUMENT
7.4.1. Overview
7.4.2. Open Surgery Instrument Market Forecast and Analysis
7.5. ENERGY-BASED AND POWERED INSTRUMENT
7.5.1. Overview
7.5.2. Energy-based and powered instrument Market Forecast and Analysis
7.6. MINIMALLY INVASIVE SURGERY INSTRUMENTS
7.6.1. Overview
7.6.2. Minimally Invasive Surgery Instruments Market Forecast and Analysis
7.7. MEDICAL ROBOTICS AND COMPUTER ASSISTED SURGERY DEVICES
7.7.1. Overview
7.7.2. Medical Robotics and Computer Assisted Surgery Devices Market Forecast and Analysis
7.8. ADHESION PREVENTION PRODUCTS
7.8.1. Overview
7.8.2. Adhesion Prevention Products Market Forecast and Analysis
8. GENERAL SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. THORACIC SURGERY
8.3.1. Overview
8.3.2. Thoracic Surgery Market Forecast and Analysis
8.4. PLASTIC SURGERY
8.4.1. Overview
8.4.2. Plastic Surgery Market Forecast and Analysis
8.5. UROLOGY AND GYNECOLOGY SURGERY
8.5.1. Overview
8.5.2. Urology and Gynecology Surgery Market Forecast and Analysis
8.6. OPHTHALMOLOGY
8.6.1. Overview
8.6.2. Ophthalmology Market Forecast and Analysis
8.7. NEUROSURGERY
8.7.1. Overview
8.7.2. Neurosurgery Market Forecast and Analysis
8.8. CARDIOLOGY
8.8.1. Overview
8.8.2. Cardiology Market Forecast and Analysis
8.9. ORTHOPEDIC SURGERY
8.9.1. Overview
8.9.2. Orthopedic Surgery Market Forecast and Analysis
8.10. OTHER APPLICATIONS
8.10.1. Overview
8.10.2. Other Applications Market Forecast and Analysis
9. GENERAL SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America General Surgery Devices Market Overview
9.1.2 North America General Surgery Devices Market Forecasts and Analysis
9.1.3 North America General Surgery Devices Market Forecasts and Analysis - By Type
9.1.4 North America General Surgery Devices Market Forecasts and Analysis - By Application
9.1.5 North America General Surgery Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States General Surgery Devices Market
9.1.5.1.1 United States General Surgery Devices Market by Type
9.1.5.1.2 United States General Surgery Devices Market by Application
9.1.5.2 Canada General Surgery Devices Market
9.1.5.2.1 Canada General Surgery Devices Market by Type
9.1.5.2.2 Canada General Surgery Devices Market by Application
9.1.5.3 Mexico General Surgery Devices Market
9.1.5.3.1 Mexico General Surgery Devices Market by Type
9.1.5.3.2 Mexico General Surgery Devices Market by Application
9.2. EUROPE
9.2.1 Europe General Surgery Devices Market Overview
9.2.2 Europe General Surgery Devices Market Forecasts and Analysis
9.2.3 Europe General Surgery Devices Market Forecasts and Analysis - By Type
9.2.4 Europe General Surgery Devices Market Forecasts and Analysis - By Application
9.2.5 Europe General Surgery Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany General Surgery Devices Market
9.2.5.1.1 Germany General Surgery Devices Market by Type
9.2.5.1.2 Germany General Surgery Devices Market by Application
9.2.5.2 France General Surgery Devices Market
9.2.5.2.1 France General Surgery Devices Market by Type
9.2.5.2.2 France General Surgery Devices Market by Application
9.2.5.3 Italy General Surgery Devices Market
9.2.5.3.1 Italy General Surgery Devices Market by Type
9.2.5.3.2 Italy General Surgery Devices Market by Application
9.2.5.4 Spain General Surgery Devices Market
9.2.5.4.1 Spain General Surgery Devices Market by Type
9.2.5.4.2 Spain General Surgery Devices Market by Application
9.2.5.5 United Kingdom General Surgery Devices Market
9.2.5.5.1 United Kingdom General Surgery Devices Market by Type
9.2.5.5.2 United Kingdom General Surgery Devices Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific General Surgery Devices Market Overview
9.3.2 Asia-Pacific General Surgery Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific General Surgery Devices Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific General Surgery Devices Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific General Surgery Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia General Surgery Devices Market
9.3.5.1.1 Australia General Surgery Devices Market by Type
9.3.5.1.2 Australia General Surgery Devices Market by Application
9.3.5.2 China General Surgery Devices Market
9.3.5.2.1 China General Surgery Devices Market by Type
9.3.5.2.2 China General Surgery Devices Market by Application
9.3.5.3 India General Surgery Devices Market
9.3.5.3.1 India General Surgery Devices Market by Type
9.3.5.3.2 India General Surgery Devices Market by Application
9.3.5.4 Japan General Surgery Devices Market
9.3.5.4.1 Japan General Surgery Devices Market by Type
9.3.5.4.2 Japan General Surgery Devices Market by Application
9.3.5.5 South Korea General Surgery Devices Market
9.3.5.5.1 South Korea General Surgery Devices Market by Type
9.3.5.5.2 South Korea General Surgery Devices Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa General Surgery Devices Market Overview
9.4.2 Middle East and Africa General Surgery Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa General Surgery Devices Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa General Surgery Devices Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa General Surgery Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa General Surgery Devices Market
9.4.5.1.1 South Africa General Surgery Devices Market by Type
9.4.5.1.2 South Africa General Surgery Devices Market by Application
9.4.5.2 Saudi Arabia General Surgery Devices Market
9.4.5.2.1 Saudi Arabia General Surgery Devices Market by Type
9.4.5.2.2 Saudi Arabia General Surgery Devices Market by Application
9.4.5.3 U.A.E General Surgery Devices Market
9.4.5.3.1 U.A.E General Surgery Devices Market by Type
9.4.5.3.2 U.A.E General Surgery Devices Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America General Surgery Devices Market Overview
9.5.2 South and Central America General Surgery Devices Market Forecasts and Analysis
9.5.3 South and Central America General Surgery Devices Market Forecasts and Analysis - By Type
9.5.4 South and Central America General Surgery Devices Market Forecasts and Analysis - By Application
9.5.5 South and Central America General Surgery Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil General Surgery Devices Market
9.5.5.1.1 Brazil General Surgery Devices Market by Type
9.5.5.1.2 Brazil General Surgery Devices Market by Application
9.5.5.2 Argentina General Surgery Devices Market
9.5.5.2.1 Argentina General Surgery Devices Market by Type
9.5.5.2.2 Argentina General Surgery Devices Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GENERAL SURGERY DEVICES MARKET, KEY COMPANY PROFILES
11.1. 3M
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. B. BRAUN MELSUNGEN AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOSTON SCIENTIFIC CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CADENCE INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CONMED CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ERBE MEDICAL INDIA PVT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. JOHNSON AND JOHNSON PRIVATE LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MEDTRONIC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STRYKER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3M
2. B. Braun Melsungen AG
3. BD
4. Boston Scientific Corporation
5. Cadence Inc.
6. CONMED Corporation
7. Erbe Medical India Pvt
8. Johnson & Johnson Private Limited
9. Medtronic
10. Stryker
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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