Global General Surgery Devices Market

The global market for general surgery devices has been witnessing steady growth over the past few years driven by rising geriatric population, increasing incidence of chronic diseases and technological advancements in surgical procedures. General surgery devices are the medical instruments and technologies used in various surgical procedures such as gastrointestinal surgeries, gynecological surgeries, urological surgeries, cardiothoracic surgeries and others. This article analyzes the current state and future prospects of the global general surgery devices market.

Market Size and Growth Trends

According to a recent report by Transparency Market Research, the global general surgery devices marketwas valued at around $20 billion in 2018 and is projected to exhibit a CAGR of 4.8% during the forecast period from 2019 to 2027. Growing prevalence of lifestyle diseases worldwide, strong medical reimbursement structure in developed markets, and emergence of innovative and technologically advanced products are some of the major factors contributing to the steady growth of this market. Asia Pacific region is expected to witness the fastest growth owing to rising medical tourism in countries such as India and China, development of healthcare infrastructure and increasing penetration of health insurance.

Analysis by Device Type

The market is categorized into various device types that are commonly used in general surgical procedures. Suture devices accounted for the largest share of over 30% in 2018 owing to wide use of sutures in wound closure. The segment is further divided into absorbable and non-absorbable sutures. Energy based general surgery devices segment is growing at a fast pace due to advantages such as faster healing, reduced pain and bleeding offered by energy based devices over traditional methods. Radiofrequency energy devices, ultrasonic devices and electrosurgical generators are some commonly used energy based general surgery devices.

Laparoscopic general surgery equipment is another major segment driven by technological innovations in minimal invasive surgeries. Laparoscopic hand instruments segment dominated the laparoscopic devices market in 2018. Hand instruments market is further divided into graspers & dissectors, retractors, clamps & scissors and trocars. The adoption of medical adhesives is increasing rapidly as they help in faster recovery, reduce infection risk and minimize complications. Tissue sealants, tissue adhesives and surgical glues are examples of bioactive surgical sealants used in surgery.

Surgical Stapling Devices and Wound Closure Strips and Tapes

Technological advancements are resulting in the development of advanced surgical stapling devices with greater accuracy, efficiency and safety. Powered surgical stapling devices have witnessed higher adoption over manual staplers. Growing preference for minimally invasive procedures is favoring the demand for surgical stapling devices. Wound closure strips and tapes help in healing at a faster rate by providing protection against external contaminants. Adhesive skin closure strips and medical adhesive tapes are the major categories.

Healing Wound Care Products

As patients opt for short hospital stays after surgery, demand for modern wound care products which help in rapid healing at home is on the rise. Traditional non-adherent dressings and gauzes are being replaced by advanced wound care products.Advanced wound dressings provide moisture balance, protection from infections and accelerate healing. Some commonly used advanced wound care products are foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings and collagen dressings. Growth factors and skin grafting products help in regeneration of tissue and skin repair process. Negative pressure wound therapy aids healing by removing excess fluid and maintaining a moist environment.

Market Leaders and Regional Analysis

The global general surgery devices market is consolidated in nature with few large multinational players occupying major share. Johnson and Johnson, Becton Dickinson, Intuitive Surgical, Stryker and others are some leading companies offering diverse range of general surgery devices portfolio. The U.S. dominates the market with over 40% share attributed to factors such as rising healthcare expenditure, advanced technologies and access to treatment options. However, Asia Pacific is becoming a major market driven by increasing medical value travel in the region paired with rising per capita income in emerging economies like India and China. The Indian government’s programs to enhance public healthcare infrastructure through initiatives such as Ayushman Bharat and ‘National Digital Health Mission’ are expected to drive the growth. Tier-II and tier-III cities also present lucrative opportunities due to growing medical facilities.

With growing geriatric population afflicted by chronic ailments, increasing use of innovative technologies to enhance surgical outcomes and strong reimbursement system in developed markets; the global general surgery devices market is set for promising growth over the forecast period. Furthermore, growing medical tourism and government support for healthcare sector expansion will boost Asia Pacific markets. However, factors such as high costs of advanced products, and lack of infrastructure and awareness in underdeveloped regions remain challenges. Industry players are widening product portfolios and collaborating with hospital groups, ambulatory surgical centers to leverage growth opportunities.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it