The Global Market for General Surgical Devices is anticipated to grow at a CAGR of approximately 8.5% during the forecast period, 2017–2023.
Surgical devices are instruments that are used to perform various surgeries depending upon the complexity of the surgery such as open, minimally invasive surgery, and others. The advancements in the surgical procedure due to Global health initiatives are expected to boost the General Surgical Devices Market.
The high demand for disposable supplies such as syringes, catheters, and needles coupled with the increasing awareness about diseases transmitted through surgical devices and government regulations ensuring safety in surgical procedures are expected to cause a surge in demand for disposable products for the Global General Surgical Devices Market.
Some of the factors responsible for the growth of the market include technological advancement in general surgical devices, rising demand for minimally invasive devices, growing incidence of injuries and accidents, and increasing healthcare expenditures in emerging economies.
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Key Players for Global General Surgical Devices Market
Some of key the players in the Global General Surgical Devices Market are Johnson & Johnson Services, Inc. (U.S.), Erbe Elektromedizin GmbH (Germany), Conmed Corporation (U.S.), Integra LifeSciences (U.S.), Smith & Nephew (U.S.), 3M Healthcare (U.S.), CareFusion Corporation (U.S.), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (U.S.), Boston Scientific Corporation (U.S.), Medtronic Plc. (U.S.), Stryker Corporation (U.S.), Cadence Inc. (U.S.), Maquet Holding B.V. & CO. KG. (Germany), Olympus Corporations (U.S.), Grifols (Spain), Ortho-Clinical Diagnostics, Inc. (U.S.), SOFINA s.a (Biomérieux) (U.S.), Siemens Healthcare GmbH (Germany), Thermo Fisher Scientific, Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Accuray Incorporated (U.S.), Intuitive Surgical Inc. (U.S.), Medrobotics Corporation (U.S.), TransEnterix Surgical (U.S.), Meere Company (U.S.), Titan Medical (Canada), Verb Surgical (U.S.), Virtual Incision Corporation (U.S.), and others.
Segments for Global General Surgical Devices Market
The Global General Surgical Devices Market is segmented on the basis of type, product, application, and end-user.
On the basis of type, the Global General Surgical Devices Market can be segmented into disposable surgical supplies, open surgery instrument, energy-based and powered instrument, minimally invasive surgery instruments, medical robotics and computer-assisted surgery devices, and others and on the basis of product, the Global General Surgical Devices Market can be segmented into handheld devices, laparoscopic devices, electrosurgical devices, wound closure devices, trocars and access devices, and others.
On the basis of application, the Global General Surgical Devices Market can be segmented into orthopedic surgery, cardiology, ophthalmology, wound care, audiology, thoracic surgery, urology and gynecology surgery, plastic surgery, neurosurgery, and others and On the basis of end-user, the Global General Surgical Devices Market can be segmented into hospitals, clinics, diagnostic centers, academic institutes, research centers, and others.
Regional Analysis for Global General Surgical Devices Market
The Global General Surgical Devices Market consists of regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Americas dominated the Global General Surgical Devices Market owing to the increasing number of surgical procedures, the presence of key players, favorable reimbursement policies, and numerous initiatives undertaken by the government to provide training sessions and access to advanced devices for physicians.
Asia Pacific is anticipated to grow at a maximum pace during the forecast period due to rising investments along with the regional expansion. For instance, in February 2014, CryoLife, Inc. established a new subsidiary in the Asia Pacific region. This expansion will increase the presence of the subsidiary in the general surgery devices market in the Asia Pacific region.
The Middle East and Africa has the potential to emerge as a production hub for medical devices and large-scale development. The key factor contributing to this transformation is the low cost of product development in this region.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
TOC Continued…
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