The size of the Global General Surgical Devices Market was worth USD 0.91 billion in 2019 and estimated to reach USD 1.502 billion by the end of 2024 with a CAGR of 10.20% during the forecast period 2019 - 2024.
The surgical device is a designed tool for performing specific actions of carrying out a particular task during a surgery or operation, like provide access for viewing it. They are used for a number of functions during surgical procedures, basically wound closure, plastic and reconstructive surgeries. They are used in the areas of neurology, urology, orthopedics, cardiovascular medicine, obstetrics, gynecology, etc. These tools are mainly used in small clinics, hospitals, and other places.
The rapid growth in the general surgical devices market is primarily driven by factors such as rising demand due to a rising number of surgical procedures with rising prevalence & incidence of various chronic diseases accompanied by an increasing aging population. Moreover, increasing healthcare expenditure, increasing demand for technologically advanced minimal invasive surgical procedures and rising demand for plastic and reconstructive surgery are further expected to boost to the market growth during the forecast period.
However, price competition in the industry is one of the factors holding back growth. Stringent government regulations and lack of proper reimbursement for surgical equipment may also hamper the market growth during the forecast period.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Technology, End User, Type & Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
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 |
This research report on the Global General Surgical Devices Market has been segmented and sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.
General Surgical Devices Market Analysis - By Type:
General Surgical Devices Market Analysis - By technology:
On the basis of technology, the segments of the Electrosurgical device is expected to register the fastest growth during the forecast period owing to the rising demand for these devices among growing number of minimal invasive surgical procedures.
General Surgical Devices Market Analysis - By End User:
Regional Analysis:
The growth in North America and Europe was driven by the advent of new technologies, favorable regulatory framework, growing aging population, and high disposable income of the consumer population.
However, Asia-pacific is expected to experience significant growth due to advancing the medical tourism industry, increasing willingness to undergo surgical procedures, an increase in the prevalence of chronic diseases that require surgical procedures and improving healthcare infrastructure.
Companies leading the Global General Surgical Devices Market profiled in the report are:
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
6.1.4 Market Attractiveness Analysis
6.1.5 Market Share Analysis
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
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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