Global General Surgery Devices Market

General Surgery Devices Market Size, Share, Growth Analysis, By Type(Disposable Surgical Supplies, Open Surgery Instrument), By Application(Orthopedic Surgery, Cardiology), By End-use(Hospitals, Ambulatory Surgical Centers) - Industry Forecast 2024-2031

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

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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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).

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 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

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