Product Code: RP-ID-10064948 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10064948
Market Overview:
Global General Surgical Devices Market
Description
Introduction
Surgical devices refer to the medical gadgets or instruments used by doctors and experts while performing any surgical operation and treatment. They are used in all sectors of medicine like gynecology, urology, orthopedics, neurology, etc. Some of the functions performed by using surgical devices include wound opening and stitching, coagulation and reconstruction. The Global General Surgical Devices Market is growing exponentially. It is expected to become an USD 11.7 Billion Market with a CAGR of 9.6% by the end of the forecasted period of five years if it continues to grow in the same way.
End-user/Technology
The advancement of technology plays an important role in the development and growth of this market. The major end users of the general surgical devices are hospitals and clinics. These medical care providing facilities play a medium through which these surgical devices are used to operate on the ill patients. The growing life span and increasing number of old people in the society act as a driver to the increase of this market.
Market Dynamics
The key drivers or factors responsible for growth of the General Surgical Devices Market are increase in worldwide aging population, increase in surgical procedures, technological advancement and government support. Some factors which hinder the growth of this market include price competition, side effects and improper functioning of products and advancement in the field of wound closure materials.
Market Segmentation
The Global General Surgical Devices Market can be segmented based on two aspects: the product type and the application. Based on the product type, the market can be segmented into three major segments: Surgical Sutures and staplers, Electrosurgical Devices and Handheld surgical instruments. Among these, the Electrosurgical Devices segment is expected to be the most lucrative one. Based on the application, the market can be segmented into eleven segments: Neurosurgery, Urology, Plastic and Reconstructive Surgery, Obstetrics and Gynecology, Wound Closure, Micro vascular, Thoracic Surgery, Orthopedic surgery, Laparoscopy, cardiovascular and others. Among these segments based on the application, Laparoscopy holds the largest market share and it is expected to continue to do so in the forecasted period.
Regional/Geographic Analysis
The major regions of Global General Surgical Devices market are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among these regions, North America dominates the market. The second largest market share is held in the region of Europe, followed by Asia Pacific. North America and Europe have huge market share due to increasing disposable income, growing new technologies and advantageous regulatory framework. Asia Pacific owes its market share to medical tourism industry, rising health care needs and increasing chronic diseases.
Key Players
The key players in the Global General Surgical Devices Market are Care Fusion Corporation, B. Braun Melsungen, Covidien PLC, Codman & Shurtleff, Conmed Corporation, Ethicon, ERBE Elektromedizin and Integra LifeSciences.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
Related Reports
Proof of Quality & Reliability
