The size of the General Surgical Devices Market in Europe was worth $3.87 billion in 2020 and is estimated to reach $6.18 billion by the end of 2025, with a CAGR of 10%.
A surgical device is a medical device/tool that meets a particular need during surgery. These tools allow the physical adjustment of biological tissue to provide access to hidden body segments.
Current advances in electronics, such as minimally invasive surgical devices and robotic and assisted systems, are primarily the driving force behind the European general surgical device market. The market is dominated by hand tools and time-saving innovations with power tools. This market is also susceptible to the economic recession, which has led to a reduction in hospital budgets. Product launch is a well-known methodology accompanied by the general surgical device market, which has helped the manufacturers increase their market share.
Europe dominates the market for general surgical devices. In 2020, according to the World Health Organization, cancer was the second leading cause of death in the world and was responsible for around 9.2 million deaths in 2017. Besides, it has been established that approximately 75% of cancer deaths occur in middle-income and middle-income countries. In 2020, according to national statistics, in the United Kingdom, health expenditure reached 285.25 billion USD in 2019, compared to 273.27 billion USD in 2018 at a rate of 4.1%.
Europe is the second-largest market for surgical devices. The availability of research funds, the vast patient population, and government support for research and development drive the European market. According to Macmillan Cancer Support, in 2019, 408 million people in the UK are diagnosed with cancer each year. Also, by 2025, it is estimated that nearly one in two people (49%) will develop cancer at some point in their life.
This research report Europe General Surgical Devices Market has been segmented & sub-segmented into the following categories:
Regionally, Europe's growth is driven by the advent of new technologies, favorable regulatory framework, growing aging population, and high disposable income of the consumer population.
Promising companies leading the European General Surgical Devices market include 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 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
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
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