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Pulished Date April, 2021
ID: 1366
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Asia Pacific General Surgical Devices Market Research Report – Segmented By Type, Technology, End-Users, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1366
Pages: 145

APAC General Surgical Devices Market Size (2021 to 2026)

The size of the general surgical devices market in the Asia Pacific was worth USD 2.51 billion in 2021 and is estimated to reach USD 4.50 billion by the end of 2026, growing at a CAGR of 12.40% during the forecast period. 

Surgical Equipment is a medical device/tool meeting a particular need during a surgical intervention. Advances in today's electronics, for example, minimally invasive surgical equipment and robotic and electrically assisted systems, primarily drive the surgical equipment market. China and the emerging economies of Japan and India are showing great development. Domestic manufacturers earn significant income by exporting surgical equipment. Product differentiation in this market is minimal; therefore, pricing and branding remain the unique selling proposition. The market is teeming with many players, from forceps manufacturers to power tools and robotics. Recently, specialty hospitals have experienced significant growth in developing economies focusing on intensive treatment. Healthcare in developing countries like India is undergoing rapid change. Population growth in India will likely lead to increased demand for medical devices.

Besides, the burden of illnesses, accidents, and other injuries has also increased in India. As a result, the demand for low incisor surgeries has increased in India. These factors have increased the demand for general surgical devices in India. According to a report by Prabhakaran et al., Published in the Journal of the American College of Cardiology 2020, the prevalence of cardiovascular disease (CVD) has increased in India over the past two decades. According to the report data, around 31.7 million cardiovascular disease cases were prevalent in India in 1995. This number increased to 64.8 million in 2020. Due to the increasing prevalence of cardiovascular disease in India, it has grown over the years in cardiology.

However, price competition in the industry is one of the factors holding back growth. In addition, stringent government regulations and a lack of proper reimbursement for surgical equipment may also hamper the market growth during the forecast period.

This research report on the Asia Pacific general surgical devices market has been segmented & sub-segmented into the following categories:

By Type: 

  • Calipers
  • Forceps
  • Suction Tubes
  • Scissors
  • Probes
  • Handles
  • Needle Holder
  • Speculums
  • Clamps
  • Distractors
  • Retractors
  • Tendon Strippers
  • Clips
  • Sutures
  • Catheters
  • Approximators

By Technology: 

  • Electrosurgical Equipment
  • Wireless Surgical Equipment
  • Manual Surgical Equipment

By End User: 

  • Clinics
  • Hospitals
  • Others

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The Asia Pacific region is expected to grow significantly during the forecast period. The market growth is expected to be driven by the advancements in the medical tourism industry, increasing willingness to undergo surgical procedures, increasing the prevalence of chronic diseases that require surgical procedures, and improving healthcare infrastructure. The countries such as China, Japan, and India are the emerging countries in the region that are rapidly developing the regional General surgical devices market. The Surgical equipment exports bring quite a lot of money for domestic manufacturers. Over the forecast period, healthcare spending in countries such as China and India is likely to fuel market growth. Households in Japan spent an average of 36,063 Japanese yen on medical services, according to the e-Stat (Official Statistics of Japan). In 2019, the average cost of medical care for a Japanese family was roughly 78 thousand yen. As a result, the rising burden of diseases is expected to boost demand for medical devices during the forecast period.

In India, the number of illnesses, accidents, and other injuries has increased. As a result, there has been an upsurge in demand for low incisor procedures in India. According to a report published in the Journal of the American College of Cardiology 2020 by Prabhakaran et al., cardiovascular disease (CVD) in India has grown over the last two decades. According to the data, India had roughly 31.7 million cardiovascular disease cases in 1995. In 2020, this number was expected to rise to 64.8 million. It has increased in cardiology over the years due to the rising frequency of cardiovascular disease in India.

In China, the prevalence of cardiovascular diseases (CVDs) has been steadily rising. According to a 2018 report published in the Journal of Geriatric Cardiology by Li-Yuan Ma, of the approximately 290 million patients with CVD in China, CVD is responsible for approximately 2 in 5 deaths, higher than the death rate due to cancer or other diseases. In addition, the rising number of cardiovascular diseases is leading to an increase in the number of surgeries and procedures, helping boost the market.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the APAC general surgical devices market profiled in this report are Medtronic Plc., Stryker Corporation, Johnsons And Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew PLC, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, KLS Martin Group, Olympus Corporation, Applied Medical Resources Corporation, Microline Surgicals, Inc., Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, and Teleflex Incorporated.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Callipers   

                                5.1.3 Forceps    

                                5.1.4 Suction Tubes        

                                5.1.5 Scissors    

                                5.1.6 Probes      

                                5.1.7 Handles    

                                5.1.8 Needle Holders     

                                5.1.9 Speculums              

                                5.1.10 Clamps   

                                5.1.11 Distractors            

                                5.1.12 Retractors            

                                5.1.13 Tendon Strippers

                                5.1.14 Clips        

                                5.1.15 Sutures  

                                5.1.16 Catheters             

                                5.1.17 Approximators   

                                5.1.18 Others   

                                5.1.19 Y-o-Y Growth Analysis, By Type   

                                5.1.20 Market Attractiveness Analysis, By Type  

                                5.1.21 Market Share Analysis, By Type   

                5.2 Technology                

                                5.2.1 Introduction           

                                5.2.2 Electrosurgical Equipment

                                5.2.3 Wireless Surgical Equipment           

                                5.2.4 Manual Surgical Equipment             

                                5.2.5 Y-o-Y Growth Analysis, By Technology         

                                5.2.6 Market Attractiveness Analysis, By Technology       

                                5.2.7 Market Share Analysis, By Technology        

                5.3 End-Users                   

                                5.3.1 Introduction           

                                5.3.2 Clinics        

                                5.3.3 Hospitals  

                                5.3.4 Others      

                                5.3.5 Y-o-Y Growth Analysis, By End-Users           

                                5.3.6 Market Attractiveness Analysis, By End-Users          

                                5.3.7 Market Share Analysis, By End-Users           

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Technology

                                                6.1.3.4 By End-Users

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Technology

                                                6.1.4.4 By End-Users

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Technology

                                                6.1.5.4 By End-Users

                6.2 China                            

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea               

                6.6 Australia                      

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Medtronic                  

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Stryker Corporation                

                8.3 Johnson & Johnson                 

                8.4 Conmed Corporation                             

                8.5 Alcon Laboratories                  

                8.6 Smith & Nephew                     

                8.7 Zimmer Holdings                      

                8.8 Boston Scientific Corporation                             

                8.9 B. Braun Melsungen AG                        

                8.10 KLS Martin Group                  

                8.11 Olympus Corporation                          

                8.12 Applied Medical Resources Corporation                      

                8.13 Microline Surgicals                

                8.14 Karl Storz GmbH                    

                8.15 Cook Medical                          

                8.16 Teleflex Incorporated                          

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  •  to provide both individuals and organizations a strong financial foothold in the marketInvestment opportunitiesExpertly devised analyst overview along with 
  1. Asia-Pacific General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  2. Asia-Pacific Callipers Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia-Pacific Insulin Delivery Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia-Pacific Forceps Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia-Pacific Suction Tubes Market, By Region, From 2021 to 2026 (USD Billion)
  6. Asia-Pacific Scissors Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia-Pacific Probes Market, By Region, From 2021 to 2026 (USD Billion)
  8. Asia-Pacific Handles Market, By Region, From 2021 to 2026 (USD Billion)
  9. Asia-Pacific Needle Holder Market, By Region, From 2021 to 2026 (USD Billion)
  10. Asia-Pacific Speculums Market, By Region, From 2021 to 2026 (USD Billion)
  11. Asia-Pacific Clamps Market, By Region, From 2021 to 2026 (USD Billion)
  12. Asia-Pacific Distractors Market, By Region, From 2021 to 2026 (USD Billion)
  13. Asia-Pacific Retractors Market, By Region, From 2021 to 2026 (USD Billion)
  14. Asia-Pacific Tendon Strippers Market, By Region, From 2021 to 2026 (USD Billion)
  15. Asia-Pacific Clips Market, By Region, From 2021 to 2026 (USD Billion)
  16. Asia-Pacific Sutures Market, By Region, From 2021 to 2026 (USD Billion)
  17. Asia-Pacific Catheters Market, By Region, From 2021 to 2026 (USD Billion)
  18. Asia-Pacific Approximators Market, By Region, From 2021 to 2026 (USD Billion)
  19. Asia-Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  20. Asia-Pacific General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  21. Asia-Pacific Electrosurgical Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  22. Asia-Pacific Wireless Surgical Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  23. Asia-Pacific Manual Surgical Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  24. Asia-Pacific General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  25. Asia-Pacific Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  26. Asia-Pacific Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  27. Asia-Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  28. Japan General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  29. Japan General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  30. Japan General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  31. China General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  32. China General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  33. China General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  34. India General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  35. India General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  36. India General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  37. Australia General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  38. Australia General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  39. Australia General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  40. South Korea General Surgical Devices Market, By Type, From 2021 to 2026 (USD Billion)
  41. South Korea General Surgical Devices Market, By Technology, From 2021 to 2026 (USD Billion)
  42. South Korea General Surgical Devices Market, By End-Users, From 2021 to 2026 (USD Billion)

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