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The global general surgery devices market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
General surgery devices are medical instruments used for performing routine procedures and complex surgeries. These devices are mainly utilized for cutting and dissecting, grasping and holding, clamping and occluding, exposing and retracting, suturing and stapling, viewing, and suctioning purposes. They are regularly maintained and sterilized by surgeons, dentists, and other healthcare providers who specialize in the diagnosis and operative administration of patient care. Presently, they are employed in the field of orthopedics, neurology, obstetrics, urology, and gynecology worldwide.
Rising surgical procedures on account of the increasing number of individuals suffering from cardiac and gastrointestinal diseases represent one of the key factors contributing to the growth of the market. Apart from this, the growing geriatric population, which is more prone to perioperative complications, is also supporting the market. Moreover, government bodies of several countries are undertaking initiatives to provide advanced equipment for general surgery and training sessions. Furthermore, technological advancements in surgical procedures, such as the integration of robotics with artificial intelligence (AI), and the development of computer-assisted systems wherein the surgeon employs computer and software technology to control and move surgical instruments are offering growth opportunities to market players. Additionally, the increasing adoption of stem cell technology to treat chronic ailments, such as osteoarthritis and osteomyelitis, is strengthening the market growth. Other major factors anticipated to propel the growth of the market include increasing investments in the healthcare sector and the rising adoption of 3D printing technology in surgical procedures.
IMARC Group provides an analysis of the key trends in each sub-segment of the global general surgery devices market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, Conmed Corporation, Erbe Elektromedizin GmbH, Integer Holdings Corporation, Integra LifeSciences Corporation, Johnson & Johnson, Medtronic plc, Olympus Corporations, Smith & Nephew plc and The 3M Company.
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