General Surgery Devices Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to general surgery devices market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

General Surgery Devices Market News

  • In August 2022, The MIRA Platform from Virtual Incision Corporation will put its capabilities to the test during a 2024 technological demonstration mission on the International Space Station (ISS).
  • In June 2022, the launch of the Multilevel CerviKit, an expansion of Xenco Medical's ground-breaking single-use cervical spine technology to include a full suite of implants and single-use instruments for 2, 3, and 4 level prior cervical spine procedures, allowed the company to increase the scope of its ASC surgical device portfolio. The kit received US Food and Drug Administration clearance.

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Global General Surgery Devices Market size was valued at USD 17.1 billion in 2023 and is poised to grow from USD 18.52 billion in 2024 to USD 35.05 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).

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. 'Johnson & Johnson (USA) ', 'Medtronic (Ireland) ', 'Stryker Corporation (USA) ', 'Becton, Dickinson and Company (USA) ', 'Boston Scientific Corporation (USA) ', 'Smith & Nephew (UK) ', 'Zimmer Biomet Holdings (USA) ', 'Olympus Corporation (Japan) ', 'Intuitive Surgical (USA) ', '3M Company (USA) ', 'B. Braun Melsungen (Germany) ', 'Terumo Corporation (Japan) ', 'Conmed Corporation (USA) ', 'Cook Medical (USA) ', 'Karl Storz GmbH & Co. KG (Germany) ', 'Teleflex Incorporated (USA) ', 'Arthrex Inc. (USA) ', 'Applied Medical Resources Corporation (USA) ', 'W. L. Gore & Associates (USA)'

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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Global General Surgery Devices Market
General Surgery Devices Market

Report ID: SQMIG35A2629

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