Global Surgery Device Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2023 –2030 |
Marktgröße (Basisjahr) | USD 16.03 Billion |
Marktgröße (Prognosejahr) | USD 31.25 Billion |
CAGR |
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Wichtige Marktteilnehmer |
Global Surgery Device Market, By Type (Medical Robotics and Computer-Assisted, Disposable), Application (Orthopedic Surgery, Plastic Surgery), Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, Other Products), End User (Hospital and Clinics, Diagnostic Laboratories, Others) – Industry Trends and Forecast to 2030.
Surgery Device Market Analysis and Size
As per the data of Unite Nations, there were about 382 million old age people, aged 60 years or above, worldwide in 2017 ad this number is projected to be 2.1 billion by 2050. The old age people are vulnerable to the chronic diseases and may drive the demand for various surgery treatments, thus boosting the demand for the surgical equipment. Currently, robotics has several applications in numerous general surgeries, such as fundoplication, cholecystectomy, and Heller Myotomy.
Data Bridge Market Research analyses that the surgery device market is expected to reach USD 31.25 million by 2030, which is USD 16.03 million in 2022, and is expected to undergo a CAGR of 8.70% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Surgery Device Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015 - 2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
Type (Medical Robotics and Computer-Assisted, Disposable), Application (Orthopedic Surgery, Plastic Surgery), Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, Other Products), End Users (Hospitals, Diagnostic Laboratories, Blood Banks, Academic and Research Institutes, Others), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
Merck & Co., Inc. (U.S.), Lilly (U.S.), 3M (U.S.), Bayer AG (Germany), Medtronic (Ireland), Boston Scientific Corporation (U.S.), BD (U.S.), B. Braun SE (Germany), Cardinal Health, Inc. (U.S.), Organogenesis Inc. (U.S.), CONMED Corporation (U.S.), Erbe Elektromedizin GmbH (Germany), Integra LifeSciences (U.S.), BD (U.S.), Straub Medical AG (Switzerland), Varian Medical Systems, Inc (U.K.), Elekta (Sweden), Isoray Inc. (U.S.), Mevion Medical Systems. (U.S.), Olympus Corporation (India) and Smith+Nephew (U.K.), Brainlab AG (Germany) |
Market Opportunities |
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Market Definition
Surgery devices are primarily used for several variety of diseases. These devices are usually appointed for routine procedures or in complicated surgeries and are widely used in trauma and burn care, hernias, gastrointestinal problems, and breast cancer. These devices are used in many sub-specialties of general surgery such as orthopaedics, obstetrics, neurology, cardiovascular, urology, and gynaecology.
Surgery Device Market Dynamics
Drivers
- Increasing Adoption of Minimally Invasive Surgeries
The growing acceptance of minimally invasive and robotic and computer-assisted surgery is likely to boost the market growth. For instance, as per the article "Trauma of Major Surgery" published in the National Center for Biotechnology Information (NCBI), about 310 million major surgeries are performed every year worldwide in July 2020. Nearly 30 million kids participate in youth sports nationwide every year, as per the Weinstein Legal research which was released in March 2020. This may lead to surgical emergencies, further increasing the demand for general surgery devices.
- Increase in Health Disorders
Health disorders are affecting the population globally, transitioning from conditions brought on by several infections and plagues to diseases associated with lifestyle, as a result of industrialization and major lifestyle changes. In developed, developing, and less developed countries, the condition has led to a noticeable increase in health conditions, such as cardiovascular diseases, cerebrovascular diseases, cancers, and bone abnormalities. With a high number of vehicles and other highly advanced gadgets on the road, the number of casualties that is caused by accidents has also increased. These factors are increasing the growth of the market.
Opportunities
- Increasing Application in Gynecology
The growing number of baby births are significantly leading to market growth. Furthermore, numerous complications associated with pregnancy due to the growing prevalence of women reproductive organ disorder among the female population has led to the number of gynecological surgeries. Additionally, the increasing number of cesarean deliveries is projected to boost this segment's growth.
- High-end Use of Staplers
The wide usage of surgical sutures and staplers in the wound closure application has led to the consumption and created this segment to lead. Staplers provides low risk of infections and enables quick wound healing, which further boosts this segment's growth.
Restraints/Challenges
- High cost of Surgical Devices
The expensive surgical devices result from the major investments that are made to keep up with the major technical improvements in surgical equipment. Furthermore, advanced surgical equipment has extreme acquisition cost, and it also has a major maintenance cost. This factor restrains industry expansion, predominantly in developing and undeveloped regions.
This surgery device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgery device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Surgery Device Market
During the COVID-19 pandemic, surgeons executed and abided by the various stringent rules that were specific to each specialty. As per the report that appeared in the National Institutes of Health in October 2021, the number of surgeries decreased abruptly during the pandemic. Global general surgery admissions have minimized by 42.8%, and was titled "The impact of COVID-19 on emergency general surgery admissions and operative volumes: A single-center experience." Thus, the market has been considerably affected by COVID-19.
Recent Developments
- In 2021, SS Innovations, declared the commercial release of India's first general robotic surgery equipment in the following 4-6 months. In addition to this, Medrobotics Corp. received funding of USD 20 million in February 2017 for the huge expansion in novel surgical applications and for developing the next-generation Flex Robotic System
Global Surgery Device Market Scope
The surgery device market is segmented on the basis of type, application, product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Medical Robotics
- Computer-Assisted
- Disposable
Application
- Orthopedic Surgery
- Plastic Surgery
Product
- Handheld Devices
- Laparoscopic Devices
- Electro Surgical Devices
- Wound Closure Devices
- Trocars and Access Devices
- Other Products
End-user
- Hospital and Clinics
- Diagnostic Laboratories
- Blood Banks
- Diagnostic Laboratories
- Others
Surgery Device Regional Analysis/Insights
The surgery device market is analyzed and market size insights and trends are provided by type, application, product and end-user as referenced above.
The countries covered in the surgery device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the surgery device market because of the rising favourable reimbursement policies, wide presence of major key companies, and supportive government initiatives.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the increasing awareness about reconstructive or plastic surgeries and increasing government initiatives to incorporate improvements in reimbursement policies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The surgery device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgery device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgery device market. The data is available for historic period 2011-2021.
Competitive Landscape and Global Surgery Device Market Share Analysis
The surgery device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgery device market.
Some of the major players operating in the surgery device market are:
- Merck & Co., Inc. (U.S.)
- Lilly (U.S.)
- 3M (U.S.)
- Bayer AG (Germany)
- Medtronic (Ireland)
- Boston Scientific Corporation (U.S.)
- B. Braun SE (Germany)
- Cardinal Health, Inc. (U.S.)
- Organogenesis Inc. (U.S.)
- CONMED Corporation (U.S.)
- Erbe Elektromedizin GmbH (Germany)
- Integra LifeSciences (U.S.)
- BD (U.S.)
- Straub Medical AG (Switzerland)
- Varian Medical Systems, Inc (U.K.)
- Elekta (Sweden)
- Isoray Inc. (U.S.)
- Mevion Medical Systems. (U.S.)
- Olympus Corporation (India)
- Smith+Nephew (U.K.)
- Brainlab AG (Germany)
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