General Surgery Devices Market Size, Share & Trends Analysis by Type (Disposable, Open Surgery Instruments, Energy-based & Powered Instruments), by Application and Segment Forecasts, 2018 - 2025

Industry Insights

The global general surgery devices market size was valued at around USD 12 billion in 2016 and is expected to grow at a CAGR of 8.5% over the forecast period. Increasing number of surgical procedures coupled with technological advancements is anticipated to drive the market.

Increasing awareness and patient affordability for plastic or reconstructive surgeries would propel the number of procedures conducted during the forecast period. According to American Society of Plastic Surgeons, in 2015, 15.9 million minimally invasive cosmetic surgeries were performed in the U.S.

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 traction. Presently, robotics has application in various general surgeries such as cholecystectomy, fundoplication, and Heller Myotomy.

In April 2017, Intuitive Surgical, Inc. received CE mark approval in Europe for the latest da Vinci X Surgical System that provides robotic-assisted surgeries at a lower cost for hospitals and surgeons. According to an article published by Time, Inc., until June 30th, more than 4,100 da Vinci units have been installed worldwide, which include 2,703 in the U.S., 698 units in Europe, and 538 units in Asia, and 210 units in the rest of the world.

The disposable surgical supplies segment held the largest share in 2016. The segment is forecasted to grow at a CAGR of over 8.2%.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, Medtronic Plc and Johnson & Johnson, are likely to invest in robotic surgery that will benefit healthcare systems, surgeons, and patients. In March 2015, Johnson & Johnson Services, Inc. (Ethicon, LLC) signed an agreement with Google, Inc. to create a robotic-assisted surgical platform.

Application Insights

Orthopedic general surgery devices segment accounted for the highest market share in 2016. Dominance of the orthopedic general surgery devices segment is attributed to the worldwide presence of a large geriatric population, surging count of accidental cases and bone diseases. In addition, improving diagnosis methods, imaging technology in orthopedic surgery, the introduction of new products, various acquisitions, and favorable reimbursement is likely to boost the market. In October 2017, TPG Capital acquired Exactech, Inc. for USD 62 million to expand its business of orthopedic surgical devices.

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. According to American Society of Plastic Surgeons, in 2016, 7.6 million cosmetic procedures were performed for people aged between 40 and 54 years. In 2016, United Nations spent more than USD 15 billion on aesthetic surgical and nonsurgical procedures.

Regional Insights

North America dominated the general surgery devices market in 2016 accounting for around 46% market share. This can be attributed to favorable reimbursement policies, the presence of key players, and increasing number of surgical procedures and various initiatives undertaken by the government to provide access to advanced devices for general surgery & training sessions for physicians. In 2015, Global Surgery Initiative (GSI) was launched by the department of surgery at Massachusetts General Hospital to help establish international partnerships, in order to enhance medical technology for conducting surgeries efficiently.

The 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. 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.

In Feb 2014, CryoLife, Inc. established a new subsidiary in the Asia Pacific region. CryoLife Asia Pacific Pte. Ltd. will help in the expansion or increase the presence of the subsidiary in general surgery market in the Asia Pacific region.

General Surgery Devices Market Share Insights

Some of the key companies are Covidien Plc (Medtronic), Boston Scientific Corporation, B. Braun Melsungen AG, Conmed Corporation, Erbe Elektromedizin GmbH, Integra LifeSciences, Smith & Nephew, 3M Healthcare, and CareFusion 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 expansion, launches, mergers, and acquisitions to increase market share.

In September 2015, TransEnterix acquired the ALF-X Surgical Robotic System (SOFAR S.p.A). With the acquisition, TransEnterix aspires to expand its portfolio in the robotic systems vertical. Hence, investments and advances in the field of general surgery would boost the market during the forecast period. In February 2017, Medrobotics Corporation 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 growth at global, regional, & country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global general surgery devices market on the basis of the country:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Disposable Surgical Supplies

    • Surgical Non-woven

      • Disposable Surgical Masks

      • Surgical Drapes

      • Surgical Caps

      • Surgical Gowns

    • Examination & Surgical Gloves

    • General Surgery Procedural Kits

    • Needles and Syringes

    • Venous Access Catheters

  • Open Surgery Instrument

    • Retractor

    • Dilator

    • Catheters

  • Energy-based & powered instrument

    • Powered staplers

    • Drill system

  • Minimally Invasive Surgery Instruments

    • Laparoscope

    • Organ retractor

  • Medical Robotics & Computer Assisted Surgery Devices

  • Adhesion Prevention Products

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Orthopedic Surgery

  • Cardiology

  • Minimal Invasive Surgery

  • Ophthalmology

  • Wound Care

  • Audiology

  • Thoracic Surgery

  • Urology and Gynecology Surgery

  • Plastic Surgery

  • Neurosurgery

  • Others

• Country Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa