San Francisco, California, November 23, 2017:The rising prevalence of cardiovascular diseases word wide and its growing mortality across populations in low- and middle-income nations are key factors catalyzing the growth of the market. A new report penned by TMR Research, titled, “General Surgery Devices Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offers a detailed insight into the market dynamics and evaluates key factors influencing the future trajectory of the market. The study offers in-depth analysis of current and emerging trends, competitive dynamics, and imminent investment pockets in various regions.
The markedly rising number of surgical procedures world over and the consequent demand for better and minimally-invasive medical devices to boost patient outcomes are the key factors propelling the demand for general surgery devices. A burgeoning geriatric population in various developing and developed nations and the substantial rise in lifestyle diseases are key factors expected to stoke the demand for general surgery devices. The substantially rising number of surgical procedures owing to accidents in several industrialized countries is a notable development providing a robust fillip to the market.
The vast rise in the number of plastic and reconstructive surgeries in small clinics and hospitals is a prominent factor boosting the market. Rapidly improving healthcare infrastructure in numerous less-developed nations, coupled with recent public-health initiatives on promoting a healthy lifestyle, is a notable trend expected to accentuating the market growth over the forecast period. Recent advancements made in cutting and piercing assemblies used in various surgeries, especially for cosmetics, neurology, and urology, is a notable factor expected to provide robust push to the market growth. Advances in incision technology and the advent of cutting-edge technologies are key developments expected to open up promising prospects in various regions.
The rising adoption of minimally invasive and computer-assisted surgical devices is anticipated to open up lucrative prospects in the coming years. For instance, the advent of surgical robotic systems is expected to open up exciting avenues for market players. The intensifying need for surgical devices for improving the patient safety and reducing hospital stays is a notable factor catalyzing the demand for general surgery devices. Recent advances made in abdominal and hernia surgeries are promising developments expected to accentuate the market.
The vast demand for disposable needles, catheters, and syringes for surgeries in various medical specialties has increased the participation of medical device OEMs in various parts of the world, thereby accounting a significant chunk of the revenue.
Geographically, North America is set to be an attractive market for general surgery devices. The substantial growth of the regional market can be attributed to the presence of a large number of prominent players, robust reimbursement framework in various countries, and rise in surgeries due to lifestyle factors. On the other hand, Asia Pacific is expected to rise at a substantial pace in the coming years and is predicted to provide vast lucrative avenues for manufacturers and sellers to capitalize on. The burgeoning spend on improving healthcare infrastructure and the rising awareness about the availability of advanced surgical procedures are notable factors fueling the regional market.
The entry of a large number of general surgery device manufacturing companies of all size is likely to intensify the market to an extent. A growing number of players seek to capitalize on emerging opportunities in untapped markets to consolidate their shares in the coming years. Some of the prominent players operating in the market are CareFusion, B. Braun Melsungen AG, 3M Healthcare LTD., Integra LifeSciences, Covidien Plc., Smith & Nephew,Conmed Corporation, and Boston Scientific Corporation.
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