New York, According to a new market research report published by Global Insight Services “General Surgery Devices Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Medical instruments used in ordinary and major surgeries are known as general surgery devices. Cutting and dissecting, gripping and holding, clamping and occluding, exposing and retracting, suturing and stapling, viewing, and suctioning are the most common uses for these devices. Surgeons, dentists, and other healthcare providers that specialize in the diagnostic and surgical provision of patient care keep them clean and sterilized on a regular basis. They are currently used in orthopedics, neurology, obstetrics, urology, and gynecology around the world.
The Global General Surgery Devices Market is expected to be driven by an increase in the number of surgical procedures performed, as well as new technological breakthroughs. Furthermore, increasing patient awareness and affordability of plastic or reconstructive surgery will drive the number of procedures performed during the projection period.
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Surgical equipment are usually utilized in a generic way, however some tools are designed for specific operations or surgeries. Emerging countries’ healthcare systems are rapidly improving. As these countries’ populations grow, medical equipment demand is likely to climb. The increased burden of diseases and the development of new medical treatments account for over two-thirds of the cost growth. Healthcare spending in countries like China and India is likely to climb during the forecast period. The market is growing due to advancements in minimally invasive surgical procedures and a rise in outpatient surgeries. The market is expected to grow even more and costs to fall as a result of the influx of numerous new enterprises into the industry.
COVID-19 Impact Analysis:
The epidemic has had an impact on how certain surgical operations are performed. During the COVID-19 pandemic, all surgeons must implement and follow tight protocols relevant to their specialty in order to give safe and effective treatment to their patients, resulting in a dramatic reduction in the volume of procedures.
The impact of the COVID-19 pandemic on health systems has been uneven across countries and regions. As a result, global numbers of general surgery procedures and sales of accompanying products have fluctuated.
Key Trends and Drivers:
- One of the important reasons driving to the market’s growth is the advancement of handheld surgical devices as more people suffer from cardiac and gastrointestinal diseases. Advanced equipment, such as robotic hand-held surgical devices for laparoscopic operations, have improved a surgeon’s dexterity. Because of the necessity for great dependability, precision, and patient safety, many advancements have been developed. The surgical device market has been dominated by handheld surgical instruments.
- A growing geriatric population, increased awareness of various surgeries, and the ability to go under the knife for better appearances, such as in plastic and reconstructive surgeries, are all contributing to the global market for general surgical devices.
- The development of robot surgery offers high-precision and its continuous development will lead to it being more cost effective. Furthermore, it is expected that robotic surgery would see advancements in neurology and orthopedic treatments.
Key Players:
- Candence Inc.
- Conmed corporation
- Johnson & Johnson
- Becton
- Erbe Elektromedizin GmbH
- Olympus Corporations
- Smith & Nephew plc
- 3M Healthcare
- Boston Scientific Corporation
- Thermo Fisher Scientific Inc.
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Reasons to buy General Surgery Devices Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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