The global general surgery devices market was valued at USD 12.0 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.4% over the forecast period. According to a recent study by Future Market Insights, direct energy system devices are leading the market, holding a significant share of approximately 28.2% in 2022.
The anticipated growth in the general surgery devices market can be attributed to several factors, including the increasing prevalence of surgical procedures, advancements in surgical technologies, and the rising demand for minimally invasive surgeries. As healthcare systems continue to prioritize patient safety and recovery times, the adoption of innovative surgical devices is expected to rise.
Direct energy systems, which include devices that utilize thermal energy for cutting and coagulating tissues, are particularly in demand due to their effectiveness and precision in surgical applications. This trend underscores the importance of technological advancements in enhancing surgical outcomes and improving overall patient care.
With a growing focus on improving surgical efficiency and patient comfort, the general surgery devices market is well-positioned for substantial growth in the coming years. Companies specializing in the development of cutting-edge surgical technologies will find ample opportunities to expand their market presence and meet the evolving needs of healthcare providers and patients alike.
What are the Key Market Drivers in the Global Market?
The market is anticipated to expand due to high prevalence of obesity and colorectal diseases. Obesity is a prominent health burden in almost every country of the world. Obesity rates have progressively increased globally during the previous three decades.
- According to the WHO 2022 census data, more than one billion individuals worldwide are overweight or obese, including 650 million older people, 340 million young people, and 39 million children.
The advantages associated with post-bariatric surgery are also grabbing the attention of obese people.
- For instance, according to the study “Long-term all-cause and cause-specific mortality for four bariatric surgery procedures” published in The Obesity Society 2023, patients who underwent bariatric surgery had a lower death rate from cardiovascular disease (29%), cancer (43%), and diabetes (72%), when compared to the subjects who had not undergone bariatric surgery. As a result, the number of bariatric surgeries are rising which fuelling the general surgery devices market.
The incidences of colorectal cancer are rising worldwide which necessities the disease screening and endoscopic surgeries. According to WHO’s recent estimates, nearly 2 million cases of colorectal cancer were detected in 2020, making it the third most prevalent cancer form globally.
The advanced screening techniques and surgical procedures exists are reducing the number of death from this disease. For instance, robotic surgery has revolutionized the surgical management of colorectal cancer, and this technique is gaining popularity in the field of colorectal surgery as it provides accuracy and minimally invasive procedure.
Competitive Landscape
Manufacturers in the market are involved in the activities like product launches and market expansion. Furthermore, emerging companies showcased their surgical platform solutions in various stages of development, such as more accessible and affordable in the developing countries.
Instances of important developmental strategies used among market participants in the general surgery devices market are presented below
- Medtronic, a worldwide leader in healthcare technology, announced key global market entry and application product approvals for its HugoTM robotic-assisted surgery (RAS) system in October 2022.
- Olympus Corporation (“Olympus”) announced the launch of VISERA ELITE III, its newest surgical visualisation platform designed to meet the requirements of healthcare providers (HCPs) for endoscopic surgeries across multiple medical disciplines, in September 2022.
Key Companies Profiled
- Janssen Pharmaceutical
- Medtronic Plc
- Becton, Dickinson and Company
- Olympusm Corporation
- B. Braun Melsungen AG
- Stryker Corporation
- Smith & Nephew Plc
- KARL STORZ GmbH & Co. KG
- Richard Wolf GmbH
- CooperSurgical, Inc.
- Intuitive Surgical Inc
- Endocontrol SA
- Hangzhou Kangji Medical Instrument Co., Ltd
- Zhejiang Geyi Medical Instrument Co., Ltd
Key Market Segments Covered in the General Surgery Devices Industry Research
Product:
- Direct Energy System Devices
- Trocars/Access Device
- Internal Closure Devices
- Laparoscopes
- Hand Access Instruments
- Insufflation Devices
- Robotic Assisted Surgical System
Applications:
- Bariatric Surgery
- Colorectal Surgery
- General Surgery
- Gynaecological Surgery
- Other Surgery
End User:
- Hospitals
- Ambulatory Surgical Centres
- Clinics
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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