Surgical Devices Market Size, Share, Growth Analysis, By Product(Electrosurgical Devices, Laparoscopic Devices, Wound Closure Devices, Trocars & Access Devices), By Application(Cardiovascular, Neurology, Orthopedics, Urology and Gynecology), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2770 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Surgical Devices Market News

In July 2023, Johnson & Johnson released a public statement on the impending launch of one of their groundbreaking products called the Visionary Surgical System. This innovative surgical technology can change the face of minimally invasive surgeries by improving the accuracy and precision of physicians. Johnson & Johnson, a large American corporation which concentrates on the production of medical devices, pharmaceuticals and consumer healthcare products, is the innovator behind it.
In June of 2023, FDA approved Medtronic’s innovative drug-coated balloon catheter. Medtronic - a global leader in medical services, technology, and solutions - introduced this device to control peripheral artery disease. Due to the use of this catheter, a surgeon can now lessen the risk of amputation in the patient and improve the blood flow by delivering the medicine to the affected area directly, addressing the source of the problem.
In May 2023, Aesculap, a well-known company in the medical equipment industry, acquired by Stryker. Aesculap, a well-known German firm dealing in medical equipment, was bought by Stryker, a leading player in the global medical technology industry. The strategic acquisition enables Stryker to increase its presence in the minimally invasive surgery market and gain a bigger industry share.

Surgical Devices Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Surgical Devices Market size was valued at USD 15.50 billion in 2022 and is poised to grow from USD 16.96 billion in 2023 to USD 34.80 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

A diverse blend of firms, including large MNCs and smaller companies, characterize the competitive landscape of the surgical devices market. Leading medical devices manufacturers like Medtronic, Stryker Corporation, Johnson and Johnson, and Zimmer Biomet Holdings offer a variety of products, have a strong awareness of brand, and an expansive presence. These companies often offer a wide range of surgical devices, spanning from basic instruments to highly specialized tools and advanced robotic systems. 'Olympus Corporation', 'Zimmer Biomet Holdings Inc.', 'Becton, Dickinson and Company (BD)', 'Johnson & Johnson', 'Stryker Corporation', 'Boston Scientific Corporation', 'Medtronic plc', 'Intuitive Surgical Inc.', 'Ethicon (a subsidiary of Johnson & Johnson)', 'Karl Storz SE & Co. KG', 'Smith & Nephew plc', 'Abbott Laboratories', 'Conmed Corporation', 'Cook Medical Inc.', 'Teleflex Incorporated', 'Terumo Corporation', 'B. Braun Melsungen AG', 'Siemens Healthineers', 'GE Healthcare', 'NuVasive Inc.'

A rise in the incidence rate of chronic diseases, such as cardiovascular ailments, cancer, and orthopedic issues, has fueled the necessity for surgical therapies, which in turn leads to market growth. Surgical equipment can give efficient diagnosis, therapy, and management of a long list of illnesses, highlighting its importance in the healthcare industry.

Minimally Invasive Procedures: There is room for a widespread expansion in the potential of minimally invasive surgical methods. The benefits of these procedures, including expedited recuperation periods, less postoperative pain, and shortened hospital stays make it appealing in the eyes of medical experts and patients alike. As a result, the surgical tools market which produces the goods that are designed to make minimally invasive procedures easier, is booming.

North America traditionally holds the position of the largest regional market in the surgical devices industry. The United States, being a major player in the healthcare sector, plays a significant role within this region. The adoption of advanced surgical techniques and technologies, coupled with a well-established healthcare infrastructure, contributes to North America's leadership in the market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Surgical Devices Market Size, Share, Growth Analysis, By Product(Electrosurgical Devices, Laparoscopic Devices, Wound Closure Devices, Trocars & Access Devices), By Application(Cardiovascular, Neurology, Orthopedics, Urology and Gynecology), By Region - Industry Forecast 2024-2031

Surgical Devices Market News

Surgical Devices Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Surgical Devices Market?

Who are the key vendors in the Surgical Devices Market?

What is the key driver of Surgical Devices Market?

What is the key market trend for Surgical Devices Market?

Which region accounted for the largest share in Surgical Devices Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300