General Surgery Devices Market Size, Share & Trends Analysis Report By Application (Orthopedic Surgery, Plastic Surgery), By Type (Medical Robotics & Computer-assisted, Disposable), And Segment Forecasts, 2019 - 2026

Industry Insights

The global general surgery devices market size was valued at USD 14.1 billion in 2018 and is expected to register a CAGR of 8.5% from 2019 to 2026. Increasing number of surgical procedures being performed coupled with technological advancements in the field is anticipated to drive the market. Increasing awareness of patients and high incidence of cardiac related diseases, gastrointestinal diseases, and prevalence of osteoporosis result in increased demand for surgeries.

Furthermore, increasing preference for minimally invasive and robotic and computer-assisted surgery is likely to boost the market growth. Technological development and adoption of advanced surgeries by the emerging countries are likely to drive the market. The robotic and computer-assisted sector has been in its infancy and is steadily gaining traction.

Presently, robotics has application in various general surgeries, such as cholecystectomy, fundoplication, and Heller Myotomy. As technology advances, the adoption of robotic instruments and 3D monitoring is expected to rise to improve precision and patient care. Several key companies are investing in R&D for the development of innovative products.

For instance, In April 2017, Intuitive Surgical, Inc. received CE mark approval in Europe for the latest da Vinci X Surgical System, which enables robot-assisted surgeries at low costs for hospitals and surgeons. According to an article published by Time, Inc., more than 4,100 da Vinci units have been installed worldwide, which include 2,703 in U.S., 698 units in Europe, 538 units in Asia, and 210 units in in several other regions.

Type Insights

The disposable supplies segment held the largest market share in 2018. The segment is forecasted to expand at a CAGR of 7.9% from 2019 to 2026 due to 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 boost the demand further.

On the other hand, the medical robotics & computer-assisted devices segment is expected to register the highest CAGR owing to extensive R&D for the development of accurate computer-assisted tools. For instance, TransEnterix, Inc. is focusing on the use of robotics in minimally invasive surgeries with FDA and CE mark-approved surgical robotic systems in its portfolio.

Application Insights

Orthopedic surgery segment accounted for the highest market share in 2018 and will maintain its dominance throughout the forecast years due to rising cases of bone diseases and growing geriatric population across the globe. Product innovations, favorable reimbursement, and improving diagnosis methods and imaging technology in orthopedic surgery are also likely to drive the segment. Wound care is expected to be the second fastest-growing segment over the forecast period. Rising cases of road accidents and resultant injuries and advancements in wound care products are the key factors augmenting the segment growth. Furthermore, increasing number of new centers to improve wound treatment is also expected to drive the segment.

Regional Insights

North America led the global market in 2018 and is expected to maintain its position during the forecast period. Major factors contributing to its growth include favorable reimbursement policies, presence of key companies, and supportive government initiatives that enable easy access to advanced products for general surgery and training sessions for physicians. In 2015, Global Surgery Initiative (GSI) was introduced by the Department of Surgery at Massachusetts General Hospital to help establish international partnerships and enhance medical technology for conducting surgeries efficiently.

Asia Pacific is anticipated to be the fastest-growing regional market during the forecast period due to rising investments in the region. Moreover, government initiatives to incorporate improvements in reimbursement policies and growing awareness about reconstructive or plastic surgeries are projected to impel the market. Japan, China, India, Australia, and Singapore are the major countries in the regional market.

General Surgery Devices Market Share Insights

Some of the key companies are Covidien Plc (Medtronic); Boston Scientific Corp.; B. Braun Melsungen AG; Conmed Corp.; Erbe Elektromedizin GmbH; Johnson & Johnson Service, Inc.; Integra LifeSciences; Smith & Nephew; 3M Healthcare; and CareFusion Corp. Most of these companies have undertaken strategic initiatives, such as product development, geographical expansion, and M&A to increase their market share. In February 2017, Medrobotics Corp. received funding of USD 20 million for expanding in novel surgical applications and for developing next-generation Flex Robotic System.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global general surgery devices market report on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2026)

  • Disposable Surgical Supplies

  • Open Surgery Instrument

  • Energy-based & Powered Instrument

  • Minimally Invasive Surgery Instruments

  • Adhesion Prevention Products

  • Medical Robotics & Computer Assisted Surgery Devices

• Application Outlook (Revenue, USD Million, 2015 - 2026)

  • Orthopedic Surgery

  • Cardiology

  • Ophthalmology

  • Wound Care

  • Audiology

  • Thoracic Surgery

  • Urology and Gynecology Surgery

  • Plastic Surgery

  • Neurosurgery

  • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE