Size and Trends
The global general surgery devices market size was valued at USD 7.0 billion in 2015 owing to the increasing geriatric population and mounting number of surgical procedures. According to the data published by the National Center for Health Statistics in 2009, an approximate 48 million general surgery procedures were performed in the U.S. alone.
Rise in geriatric population further increases the count of performed surgeries related to bone, heart, ear, and brain disorders. Furthermore, increasing awareness and patient affordability for plastic or reconstructive surgeries would propel the number of procedures conducted during the forecast period. According to the annual plastic surgery statistics, about 15.9 million minimally invasive and surgical cosmetic procedures were performed in 2015 which represented a 2% increase from the previous year.
Technological development and adoption of advanced surgeries by the emerging countries are likely to drive the general surgery market. The robotic and computer-assisted sector has been in its infancy and is steadily gaining momentum. Furthermore, increasing demand for minimally invasive procedures in the developing and developed countries is expected to propel the demand for general surgery instruments.
General surgery devices market, by product, 2013 - 2024 (USD Million)
The disposable surgical supplies segment held the largest share in 2015. The segment is forecasted to grow at a CAGR of over 10%. This is attributed to the high demand for disposable supplies such as needles, syringes, and catheters. Furthermore, increasing awareness about diseases transmitted through surgical devices coupled with government regulations ensuring safety in surgical procedures is likely to cause a surge in the market demand for disposable products.
On the other hand, the medical robotics & computer-assisted devices segment is expected to grow at the highest growth rate owing to increasing R&D initiatives undertaken for the development of accurate computer-assisted devices. For instance, TransEnterix, Inc. is a medical device company that is focusing on the use of robotics in minimally invasive surgeries with FDA and CE mark-approved surgical robotic systems in its portfolio. Furthermore, other key players operating in the general surgery area, such as MedtronicPlc and Johnson & Johnson, are likely to invest in robotic surgery during the forecast period.
Orthopedic devices segment accounted for the highest market share in 2015.Dominance of the segment is attributed to the worldwide presence of a large geriatric population and surging count of accidental cases.
However, increasing awareness about plastic surgeries and technological developments in the field are likely to boost the vertical at the fastest rate during the forecast period. Growing geriatric population base coupled with government support is another factor driving the demand in the coming years. The Sea Pines Resort organized the General Surgery Update 2016 in July 2016 at the Sea Pines Resort, South Carolina, Hilton Head Island, United States of America where in the target audience were practicing general surgeon and others interested in the general surgery.
General surgery devices market share, by application, 2015
North America held a significant share in 2015 and has become one of the well-established markets in the field. Presence of key players, favorable reimbursement policies, and enlarging count of surgical procedures due to the high incidence of lifestyle-associated diseases, and greater affordability of surgeries amongst patients were the significant factors contributing to the dominance of this region.
On the other hand, Asia Pacific is anticipated to grow at the maximum pace during the forecast period due to rising investment in the region. Japan, China, India, Australia, and Singapore are the major contributing countries in the Asia Pacific region. Advanced technologies in this field favoring surgical procedures amongst patients combined with the rise in accidental cases and lifestyle-associated diseases are aiding the emergence of this sector. In addition, government initiatives to incorporate improvements in reimbursement policies and growing awareness about reconstructive or plastic surgeries are the other factors anticipated to support market expansion during the forecast period.
Some of the key companies include Covidien Plc (Medtronic), Boston Scientific Corporation, B. Braun Melsungen AG, Conmed Corporation, Erbe Elektromedizin GmbH, Integra LifeSciences, Smith & Nephew, 3M Healthcare, and Care Fusion Corporation. Due to the presence of significant opportunities in the developing countries, market players in the general surgery devices sector are undertaking strategic initiatives such as product development, geographical expansions, mergers, and acquisitions to increase market share.
In September 2015, TransEnterix acquired the ALF-X Surgical Robotic System belonging to SOFAR S.p.A. With the acquisition, TransEnterixaspires to expand its portfolio in the robotic systems vertical. Furthermore, in its effort to expand their presence into Asia Pacific, Medtronic is focusing on potential acquisitions among local players in China. In March 2015, Johnson & Johnson collaborated with Google, Inc. to develop surgical robots. Hence, investments and advances would boost the market during the forecast period.
Base year for market estimation
Actual estimates/Historic market data
2013 - 2015
2016 - 2024
Market revenue in USD Million & CAGR from 2016 to 2024
North America, Europe, Asia Pacific, Latin America & MEA
U.S., Canada, UK, Germany, China, Japan, Brazil, Mexico, South Africa
Revenue forecast, competitive landscape, growth factors, trends and opportunities
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Market Segments Covered in the Report
This report forecasts revenue growth and provides an analysis on the market trends in each of the sub-markets from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the general surgery devices market on the basis of product, application, and region:
Product Outlook (USD Million), 2013 - 2024)
Disposable Surgical Supplies
Open Surgery Instrument
Energy Based & Powered Instrument
Minimally Invasive Surgery Instrument
Medical Robotics & Computer Assisted Surgery Devices
Adhesion Prevention Products
Application Outlook (USD Million), 2013 - 2024
Minimal Invasive Surgery
Urology and Gynecology Surgery
Regional Outlook (USD Million), 2013 - 2024
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