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The global general surgical devices market value in 2023 was USD 16.72 billion, driven by the increasing prevalence of chronic diseases across the globe. The market size is anticipated to grow at a CAGR of 8.6% during the forecast period of 2024-2032 to achieve a value of USD 35.14 billion by 2032.
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Surgical instruments are referred to as the tools or devices that execute tasks such as cutting, dissecting, grasping, holding, retracting, or suturing. The majority of surgical tools are made of stainless steel. Other metals like titanium, chromium, vanadium, and molybdenum are also used for the aforementioned purposes.
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The general surgical devices market can be segmented into products and applications.
The industry can be divided based on products as:
The industry can be broadly categorised based on its applications into:
The EMR report looks into the regional markets of general surgical devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The global general surgical devices market is driven by the increasing patient consciousness and elevated incidences of cardiac-related illnesses, gastrointestinal diseases, and osteoporosis prevalence. The increasing preference for minimally invasive and computer-assisted robotic surgery is also expected to increase the market growth. The developing nations are likely to drive the market through technological growth and the implementation of sophisticated surgery. The increasing knowledge of illnesses transmitted by surgical instruments in conjunction with government regulations ensuring safety in surgical procedures is projected to accelerate the demand further.
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The report presents a detailed analysis of the following key players in the global general surgical devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of the Porter's Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product Type |
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Breakup by Applications |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market of surgical devices attained a value of USD 16.72 billion.
The market is anticipated to grow at a CAGR of 8.6% during the forecast period of 2024-2032 to reach a value of USD 35.14 billion by 2032.
The major drivers of the industry, such as the increase in the demand for surgical procedures, growing prevalence of cardiovascular and gastrointestinal diseases, growing adoption of sophisticated surgical equipment owing to the increased government expenditure, and the rising technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing demand for minimally invasive surgical procedures and the growing inclination towards computer-assisted robotic surgery.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Handheld, laparoscopic, electro surgical, wound closure, and trocars and access devices, among other products, are the leading products of general surgical devices in the industry.
The significant applications of the product include gynaecology and urology, cardiology, orthopaedic, and neurology, among other applications.
The major players in the industry are B. Braun Melsungen AG, Boston Scientific Corporation, Cadence Inc., Integer Holdings Corporation, Johnson & Johnson, Medtronic, Olympus Corporation, and Stryker Corporation, among others.
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