General Surgery Devices Market To Grow With Impressive CAGR During the Forecast Period
Advancing technology is driving the
growth in Global General Surgery Devices Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global General Surgery Devices
Market By Product Type
(Handheld Devices, Laparoscopic Devices, Electrosurgical Devices, Medical
Robotics & Computer-Assisted Surgical Devices, Others) By Methods (Open
Surgery v/s Minimally Invasive Surgery) By Application (Gynecology and Urology,
Cardiology, Orthopedic, Neurology, Others) By End Users (Hospital &
Clinics, Ambulatory Surgical Centers, Others) By Region, Competition Forecast
& Opportunities, 2026”,
the global general surgery devices market may potentially project an impressive
growth in the forecast period, 2022-2026, with an impressive CAGR on the
account of increasing number of surgical procedures performed as a treatment
measure for the chronic diseases, trauma incidents, as well as any other
emergency procedures. Moreover, healthcare facility is advancing in the recent
years and research and development is carried out. Countries like United
States, Switzerland, and South Korea among others are rapidly involved in the advancing
medical devices, equipment, treatment plans along with other advancing
technologies which is actively aiding the growth of the global general surgery
devices market and is expected to keep supporting the market in upcoming five
years too. Furthermore, increasing awareness of patients and high incidence of
cardiac related diseases, gastrointestinal diseases, and prevalence of
osteoporosis are responsible for the surge in the number of surgeries that is
ultimately supporting the growth of global general surgery devices market in
the next five years.
Increasing
preference for minimally invasive and robotic and computer-assisted surgery is
likely to boost the market growth. The robotic and computer-assisted sector has
been in its infancy and is steadily gaining traction. Robotics already has
application in various general surgeries, such as cholecystectomy,
fundoplication, and Heller Myotomy, and it is expected to enhance its
applications in further surgeries thereby supporting the growth of the market.
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The
global general surgery devices market is segmented on the basis of product
type, method, application, end user, competitional landscape and regional
distribution. Based on method, the market is further bifurcated into open
surgery, and minimally invasive surgery. Open surgery is anticipated to
continue dominating the market segment in the next five years in a similar
fashion of historical years. The market segment is expected to grow in the next
five year from 2022 to 2026 on the account of the age old procedures and the
expert practitioners availability. Although the medicine facility is advanced,
the developing countries are still surviving majorly on the open surgery
procedures. These procedures are often performed by the experienced surgeons
that have practiced medicine and surgeries for decades. Although, due to
advancing technology, new technology teachings, and surge in the number of
technologically sound professionals in the healthcare field, the minimally
invasive surgeries are expected to register fastest growing CAGR in the next
five years. Also, minimally invasive surgeries provide the advantage of
avoiding surgical errors or minor errors that are often a risk factors in open
surgeries. Furthermore, minimally invasive surgeries leave minimum scaring that
is very beneficial for the patients.
Holding the major shares of the market are B. Braun
Melsungen AG, Johnson & Johnson Service, Inc., Medtronic Plc, Becton,
Dickinson And Company, Stryker Corporation, Boston Scientific Corporation, Conmed
Corporation, Cadence Inc., Erbe Elektromedizin Gmbh, SIM Surgical, among
others. Market players are actively involved in the research and technological
development in the product manufacturing. The advanced technology has made it
possible for the healthcare industry to provide excellent healthcare facility
through general surgery devices. Further advancement would aid the market value
and brand establishment in the future five years. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“North American region is anticipated to
dominate the global general surgery devices market on the account of
well-established modern healthcare industry in the countries of the region like
United States, Canada. The countries support better regulations of surgical
devices and growing awareness among the population to approach for such
procedures in case of injuries and chronic disease problems. Also, the
abundance of market players in the region is expanding the market in next five
years. New market players must concentrate over the advanced technological
medical devices and in better popularization of the product to establish their
brands in the market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Global General Surgery
Devices Market By Product Type (Handheld Devices, Laparoscopic Devices,
Electrosurgical Devices, Medical Robotics & Computer-Assisted Surgical
Devices, Others) By Methods (Open Surgery v/s Minimally Invasive Surgery) By
Application (Gynecology and Urology, Cardiology, Orthopedic, Neurology, Others)
By End Users (Hospital & Clinics, Ambulatory Surgical Centers, Others) By
Region, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global general surgery devices and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global general surgery devices market.
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