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

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).

Increased patient information, a high frequency of heart-related illnesses, gastrointestinal disorders, and osteoporosis prevalence would all contribute to an increase in general surgical procedures during the anticipated period. Additionally, the market for general surgery instruments is projected to be driven by technical advancement and the uptake of advanced operations by developing nations. The robotics and computer-assisted industry has just recently begun to take off. At the moment, robots are used in a variety of general operations, including cholecystectomy, fundoplication, & Heller myotomy.

Furthermore, the market for general surgical devices is probably being driven by the rising adoption of minimally invasive, robotic, and computer-assisted surgery. For instance, the National Centre for Biotechnology Information (NCBI) article Trauma of Major Surgery published in 2020 estimates that over 310 million major surgeries are conducted each year throughout the world. A report by Weinstein Legal that was released in 2020 estimates that about 30 million kids and teenagers nationwide participate in youth sports each year. Surgery crises could ensue from this, which would raise the demand of general surgery equipment.

The health problems impacting the worldwide population are shifting from being illnesses related to lifestyle to being maladies brought on by infections and plagues as a result of industrialization and significant lifestyle changes. In industrialized, developing, and less developed countries, the condition has markedly increased the incidence of health problems such as cancer, cerebro-vascular illness, bone abnormalities, & cardiovascular and cancer diseases. Along with the rise in automobiles and other highly advanced vehicles on the road worldwide, so has the incidence of fatal collisions. These patterns suggest that the need for general surgeries is going to rise dramatically in the near future. As a result of the circumstance, there is likely to be a large increase in demand for basic surgical equipment worldwide. Due to the general surgery equipment market's tremendous growth potential, a sizable number of small and large general surgery equipment manufacturing businesses have entered the worldwide market, and new players are regularly entering the market.

A few factors influencing the global market for general surgery equipment include an aging population, the development of RFID and blockchain technologies, rising demand from emerging markets, increased awareness of surgical facilities, and an increasing burden of disease. the population's increasing risk of developing chronic diseases; the widespread use of portable surgical instruments. The cost of medical care at hospitals is higher. Because of this, an increasing number of patients are preferring to use portable surgical equipment and receive medical treatment at home. In developed markets, this factor is speeding market expansion. However, one significant roadblock is the high cost of surgical supplies. The enormous investments necessary to stay up with technological advancements in surgical equipment led to the pricey surgical gadgets. Advanced surgical equipment is quite expensive to purchase and requires a lot of upkeep. This restricts market expansion, especially in developing and rising regions.

US General Surgery Devices Market is poised to grow at a sustainable CAGR for the next forecast year.