The global general surgery devices market encompasses a wide range of electrosurgical and power devices, hand instruments, and surgical equipment that are used to perform general surgical procedures. General surgical procedures include gynecological, urological, thoracic, vascular, neurological and reconstructive procedures. Some of the key devices used in general surgeries include electrosurgical generators, radiofrequency devices, ultrasonic devices, surgical sutures, staplers and clips. General surgical procedures often involve minimally invasive techniques which lead to a reduced risk of complications, less post-operative pain and faster recovery. The demand for minimally invasive techniques is increasing rapidly which is expected to drive the demand for advanced general surgery devices over the forecast period.
The Global General Surgery Devices Market is estimated to be valued at US$ 16.46 BN in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global General Surgery Devices Market Size are Medtronic Plc, Johnson & Johnson Service; Inc., Conmed Corporation, Integra LifeSciences, Smith & Nephew, Becton, Company (Bd), B. Braun Melsungen Ag, Cadence Inc, Integer Holdings Corporation, Olympus Corporation, Stryker, Boston Scientific Corporation, Erbe Elektromedizin Gmbh and 3M Healthcare. The market is consolidated with the top 5 players accounting for over 50% of the market share.
Growing rates of chronic diseases and increase in aging population globally is expected to drive the demand for general surgical procedures which will boost the general surgery devices market. Technological advancements in minimally invasive surgical instruments with advanced visualization and precision capabilities are allowing general surgeons to perform complex procedures with minimal incisions resulting in better clinical outcomes for patients.
Market Trends
The demand for single-use disposable devices in general surgery is growing owing to benefits such as prevention of infection and contamination. Manufacturers are focusing on developing innovative devices integrated with robotics, energy-based technologies and digital capabilities to improve clinical outcomes. Adoption of emerging technologies such as artificial intelligence, 3D imaging and augmented reality in general surgery devices offers opportunities for improved intraoperative decision making and guidance for surgeons.
Market Opportunities
Increase in medical tourism in emerging markets of Asia Pacific and Latin America for cost-effective general surgical procedures is a key growth opportunity. Growing healthcare expenditure and demand for quality healthcare presents a large patient pool for general surgery devices market. Partnerships between device manufactures and digital healthcare companies will help design devices with AI capabilities for advanced diagnostics, therapy and monitoring during surgical procedures.
Impact of COVID-19 on Global General Surgery Devices Market
The COVID-19 pandemic significantly impacted the growth of global general surgery devices market. During the initial stages of the pandemic in early 2020, elective surgeries were postponed or canceled to conserve medical resources for COVID-19 patients. This led to a sharp decline in demand for general surgery devices. Manufacturers faced challenges in terms of disrupted supply chains and shortage of raw materials. The focus of healthcare systems shifted more towards critical care of COVID patients which hindered the progress of non-emergency surgical procedures in hospitals.
However, as the pandemic waves cooled down from mid-2021, the deferred surgical cases were cleared which helped revive the market. Manufacturers increased their production volume to fulfill the expanding demand. Telehealth emerged as a viable alternative to conduct pre/post-op consultations remotely and help streamline elective surgeries. The pandemic also highlighted the importance of investing in advanced technologies like powered surgical instruments and closure systems in operating rooms which improve efficiency and safety. The rise of COVID-19 variants necessitated new infrastructure and protocols to perform surgeries safely.
Europe is currently the largest regional market for general surgery devices in terms of value owing to availability of advanced healthcare facilities, favorable reimbursement framework and growing geriatric population undergoing surgeries. However, the Asia Pacific market is projected to witness the fastest growth during the forecast period attributed to rising healthcare expenditure, modernizing hospitals and increasing medical tourism across countries like India, China and South Korea. Governments are promoting initiatives to strengthen surgical infrastructure which will accelerate adoption of general surgery devices.
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