What is the global market size of General Surgery Devices Market?

General Surgery Devices Market size was valued at USD 14.58 Billion in 2021 and is poised to grow from USD 15.8 Billion in 2022 to USD 29.9 Billion by 2030, at a CAGR of 8.39% during the forecast period (2023-2030).

General Surgery Devices Market Size, Share, Growth Analysis, By Type(Disposable Surgical Supplies, Open Surgery Instrument, Energy-based & Powered Instrument, Minimally Invasive Surgery Instruments), By Application(Orthopedic Surgery, Cardiology, Ophthalmology, Wound Care), By End-use(Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2629 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 100 | Figures: 76

General Surgery Devices Market Dynamics

General Surgery Devices Market Drivers

Growing Number of Surgical Procedures

The overall volume of surgical procedures performed globally is increasing. Factors such as the expansion of healthcare infrastructure, improved access to surgical care, and the increasing need for surgical treatments contribute to the growing demand for general surgery devices.

General Surgery Devices Market Restraints

High Cost of Surgical Devices

General surgery devices can be expensive, especially advanced instruments and technologies. The high cost of these devices poses a restraint, particularly in regions with limited healthcare budgets or inadequate reimbursement systems, which can limit their adoption.

General Surgery Devices Market Report Snapshots

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General Surgery Devices Market size was valued at USD 15.80 Billion in 2022 and is poised to grow from USD 17.12 Billion in 2023 to USD 32.62 Billion by 2031, at a CAGR of 8.39% during the forecast period (2024-2031)

Market participants in the general surgical devices sector are pursuing strategic actions to enhance market share, including product development, geographic expansion, introductions, mergers, and acquisitions. This is because there are considerable opportunities in developing countries. 'Medtronic plc', 'Johnson & Johnson', 'Stryker Corporation', 'Becton, Dickinson and Company', 'Boston Scientific Corporation', 'Olympus Corporation', 'Ethicon (a subsidiary of Johnson & Johnson)', 'Zimmer Biomet Holdings, Inc.', 'Smith & Nephew plc', 'ConMed Corporation', 'Karl Storz SE & Co. KG', 'Intuitive Surgical, Inc.', 'Cook Medical Inc.', 'Teleflex Incorporated', 'B. Braun Melsungen AG', 'Terumo Corporation', 'Abbott Laboratories', 'Merit Medical Systems, Inc.', 'Mölnlycke Health Care AB', 'Cardinal Health, Inc.'

The overall volume of surgical procedures performed globally is increasing. Factors such as the expansion of healthcare infrastructure, improved access to surgical care, and the increasing need for surgical treatments contribute to the growing demand for general surgery devices.

Technological Advancements: The global general surgery devices market has been witnessing significant technological advancements, leading to the development of more innovative and precise surgical devices. These advancements include robotic-assisted surgery, minimally invasive surgery, and advanced imaging technologies.

North America led the market for general surgical instruments in 2022 with a 40.0% market share, and it's expected that it will continue to hold that position during the forecast period. Favorable reimbursement policies, the existence of large market players nearby, and government efforts that make it possible to supply cutting-edge devices for surgical procedures & training sessions for doctors are the main drivers of its expansion.

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General Surgery Devices Market Dynamics

General Surgery Devices Market Report Snapshots

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