Surgical devices are types of instruments that are used for performing numerous forms of surgeries in accordance to the complexity of the surgery like minimally invasive, open, or other types of surgery. The global general surgical devices market is projected to witness an annual compound growth rate of approximately 8.5% during the forecast period between 2017 and 2023.
As per the research conducted by Market Research Future (MRFR), the market is identified to be influenced by numerous factors. The high demand centered around disposable supplies like catheters, syringes, and needles, the growing awareness concerning diseases being transmitted through surgical forms of devices, and favorable government regulations in ensuring or maintaining safety in surgical procedures are expected to stimulate a positive demand for disposable products, thereby pushing the overall general surgical devices market. An influx of global health initiatives causing advancement in surgical procedures are expected to drive the global general surgical devices market. However, factors like strict government regulations in developing nations and improper reimbursement for surgical devices can cause the market to falter in terms of growth.
Competitive Landscape
The global general surgical devices market comprises of numerous players. A few of them identified in the report are 3M Healthcare (U.S.), Johnson Johnson Services, Inc. (U.S.), B. Braun Melsungen AG (Germany), Grifols (Spain), SOFINA s.a (Biomérieux) (U.S.), Erbe Elektromedizin GmbH (Germany), Integra LifeSciences (U.S.), Medtronic Plc. (U.S.), Smith Nephew (U.S.), Stryker Corporation (U.S.), Maquet Holding B.V. CO. KG. (Germany), CareFusion Corporation (U.S.), Becton, Dickinson and Company (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Conmed Corporation (U.S.), Accuray Incorporated (U.S), Boston Scientific Corporation (U.S.), Ortho-Clinical Diagnostics, Inc. (U.S.), Intuitive Surgical Inc. (U.S.), Siemens Healthcare GmbH (Germany), Cadence Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Virtual Incision Corporation (U.S.), Titan Medical (Canada), Medrobotics Corporation (U.S.), TransEnterix Surgical (U.S.), Olympus Corporations (U.S.), Verb Surgical (U.S.), Meere Company (U.S.), and others.
Market Segmentation
The global general surgical devices market segmentation is done on the basis of application, type, product, and end-user.
By type, the market includes energy-based and powered instrument, disposable surgical supplies, minimally invasive surgery instruments, surgical instruments, medical robotics, open surgery instrument, computer-assisted surgery devices, and others.
The disposable surgical supplies segment is narrowed down into examination and surgical gloves, surgical non-woven, venous access catheters, general surgery procedural kits, needles and syringes, and others.
The surgical non-woven segment is broken down into surgical drapes, disposable surgical masks, surgical caps, surgical gowns, and others.
The open surgery instrument narrows down into dilator, retractor, and catheters.
The energy-based and powered instrument is divided into drill system and powered staplers.
The minimally invasive surgery instruments segments into organ retractor and laparoscope.
The medical robotics and computer-assisted surgery devices segment breaks down into adhesive prevention products and others.
Regional Analysis
The global general surgical devices market is geographically segmented across the following regions: Europe, America, Asia Pacific, and the Middle East and Africa.
The Americas dominate the global market with the highest share percentage and is expected to further maintain its standings in the forthcoming years. This is due to the vast presence of key players, a striking number of surgical procedures, favorable reimbursement policies, and various initiatives undertaken by the government for providing training sessions as well as access to advanced devices for physicians.
The Asia Pacific region is projected to grow at the maximum pace during the forecast period owing to growing investments alongside the regional expansion. The Middle East and Africa region boasts the potential to emerge out as a big production hub for large-scale development and medical devices. This is due to the low cost associated with product development here in this region.
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