Global General Surgery Devices Market is Growing Rapidly

The field of general surgery requires sophisticated medical devices that help surgeons perform a variety of procedures to treat conditions affecting the abdomen, skin, breast, soft tissue and trauma. The global general surgery devices market has been witnessing strong growth over the past decade owing to increasing healthcare spending, rise in surgical procedures and technological advancements. In this article, we analyze the current state and future prospects of the global general surgery devices industry.

Major Segments Driving Growth

The global general surgery devices market can be broadly segmented into surgical sutures and staplers, handheld surgical devices and electrosurgical devices.

Surgical Sutures and Staplers: This segment dominates the overall market with a share of over 35%. Surgical sutures are essential for closing incisions and wounds during and after surgeries. With rising volume of surgeries globally, the demand for sutures and staplers is increasing steadily. Technological innovations such as absorbable and antibacterial sutures are further fueling market growth.

Handheld Surgical Devices: This segment includes forceps, retractors, dilators and various other small devices used during surgeries. Retractors play a vital role in surgeries by holding tissues and organs to provide optimal visualization to surgeons. Dilators help in expanding natural or surgically created openings. The handheld surgical devices segment is witnessing notable growth due to their extensive usage across various surgical specialties.

Electrosurgical Devices: This segment consists of electrosurgical generators, instruments and accessories used for hemostasis and cutting of tissues. Electrosurgery devices work on electrosurgical units that utilize high frequency electrical currents to cut, dissect, excise and coagulate tissues. They facilitate safer and faster surgeries compared to conventional scalpel techniques. Increasing adoption of minimally invasive surgeries is a major factor propelling this segment.

Regional Market Overview

North America currently dominates the global general surgery devices industry due to high healthcare spending, high volume of surgeries performed and presence of key players in the region. The U.S. accounts for the largest share within the North America region.

Europe continues to be the second largest market globally led by Germany, UK and France. Rising healthcare investments coupled with technological superiority of European medical device manufacturers are two prime factors driving Europe's general surgery devices market.

Asia Pacific market is anticipated to witness the highest growth during the forecast period owing to improving access to healthcare, rising medical tourism and expanding private healthcare sectors in countries such as India, China and Japan.

Latin America and Middle East & Africa collectively make up a small share of the global market currently but offer lucrative opportunities for manufacturers given increasing investments towards healthcare infrastructure development in these regions.

Industry Challenges

While the future of general surgery devices industry appears bright, there are certain challenges that need to be addressed:

High Cost of Advanced Technologies: Cutting-edge surgical technologies are very expensive which limits their widespread adoption, especially in developing markets. This acts as a barrier for market growth.

Stringent Regulatory Environment: General surgery devices are subject to strict regulatory approvals from organizations like FDA and EU. Gaining approvals is a long and expensive process which delays market entry of new devices.

Reimbursement Issues: In many countries, public or private payers do not fully cover the cost of expensive surgical devices and accessories. This negatively impacts sales and profitability.

Supply Chain Bottlenecks: The COVID-19 pandemic significantly disrupted manufacturing and supply chains of medical device companies last year. Any future disruption could hinder the industry’s progress.

It is expected that technological advancements in minimally invasive surgery techniques, growing preference for robot-assisted surgeries, expanding healthcare investments in emerging nations and increasing incidence of target diseases will help the global general surgery devices industry sustain double-digit growth over the next decade. Major players are focusing on developing innovative products, expanding into new markets and executing strategic mergers & acquisitions to strengthen their geographic footprint and product portfolios. Governments and private payers also need to work towards making advanced surgical technologies more affordable and accessible worldwide.

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