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Global General Surgical Devices Market - Segmented by Product, and Applications - Growth, Trends and Forecasts (2018 - 2023)

Global General Surgical Devices Market - Segmented by Product, and Applications - Growth, Trends and Forecasts (2018 - 2023)

The global general surgical devices market is expected to register a CAGR of 6.5% during the forecast period 2018 to 2023. North America dominates the market due to increasing demand for technologically advanced surgical devices and favorable reimbursement policies in the region.

Technological Advancement in General Surgical Devices

Technological advancements by major players in surgical devices have boosted demand for general surgical devices among the end users, such as hospitals and surgical centers. Innovations in devices for surgical treatment have reduced hospital stays of patients, which results in a drop of the overall treatment cost. Hence, these devices are anticipated to gain popularity during the forecast period. Key players are investing in the development of new devices with novel technology. For instance, In August 2016, Ethicon US, LLC part of the Johnson & Johnson, launched ProxiSureTM Suturing Device, an advanced laparoscopic suturing device designed to improve precision in minimally invasive surgery. These technological advancements in general surgical devices will likely boost the market during the forecast period.

Rising demand for minimally invasive surgeries, increase in the number of surgical procedures, and growing incidences of injuries and accidents are the factors driving the market growth of the global general surgical devices market.

Stringent Regulatory Process

The stringent regulatory processes in the United States, Japan, and some countries of Europe for medical devices are the major restraining factors for the general surgical devices market. General surgical devices fall under Class III devices, which have a stringent regulatory requirement that demands more capital investment from key players, and thus increases the overall cost of devices. Further, lack of skilled technicians is also likely to impede the growth of the global general surgical devices market.

North America to Dominate the Market

North America dominates the general surgical devices market due to the presence of well-established market players, rising technological advancement, and a favorable reimbursement scenario. Asia-Pacific is expected to grow tremendously during the forecast period owing to factors, such as the presence of huge patient pools, rising trend toward minimally invasive surgical procedures, and a growing medical tourism industry in the emerging countries of the region.

Key Developments in the Market

  • March 2016: W. L. Gore & Associates, Inc. (Gore) launch of GORE® SYNECOR Biomaterial, a unique hybrid device for hernia repair.
  • October 2017: Johnson & Johnson acquired German software company, Surgical Process Institute (SPI), for the digitalization and standardization of surgical workflows in the operating theatre.

Reasons to Purchase this Report
  • Current and future global general surgical devices market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threats of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Technological Advancement in General Surgical Devices
6.1.2 Rising Demand for Minimally Invasive Devices
6.1.3 Growing Incidence of Injuries and Accidents
6.1.4 Increasing Healthcare Expenditures in Emerging Economies
6.2 Market Restraints
6.2.1 Stringent Government Regulations
6.2.2 Improper Reimbrusement for Surgical Devices
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 Segmentation -by Products
7.1.1 Handheld Devices
7.1.2 Laproscopic Devices
7.1.3 Electro Surgical Devices
7.1.4 Wound Closure Devices
7.1.5 Trocars & Access Devices
7.1.6 Others
7.2 Segmentation -by Applications
7.2.1 Gynecology & Urology
7.2.2 Cardiology
7.2.3 Orthopaedic
7.2.4 Neurology
7.2.5 Others
7.3 Segmentation - by Geography
7.3.1 North America United States Canada Mexico
7.3.2 Europe France Germany United Kingdom Italy Spain Rest Of Europe
7.3.3 Asia-Pacific China Japan India Australia & New Zealand South Korea Rest of Asia-Pacific
7.3.4 Middle East & Africa GCC South Africa Rest of the Middle East & Africa
7.3.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 B. Braun Melsungen AG
9.2 Boston Scientific Corporation,
9.3 Cadence Inc.
9.4 Conmed Corporations
9.5 Integer Holdings Corporation
9.6 Johnson & Johnson
9.7 MAQUET Holding B.V. & Co. KG.
9.8 Medtronic
9.9 Olympus Corporations
9.10 Stryker Corporation
9.11 List Not Exhaustive
10. Future of the Market

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