Global surgical devices market is expected to reach USD 16.11 billion by 2024 at CAGR of 7.7%.

 

A surgical devices is a specially designed device for performing specific actions of carrying out desired effects during a surgery .Surgical devices helps modifying biological tissue, or to provide access for viewing tissue or parts during surgery or operation. Surgerical devices includes Graspers, Clamps , Retractors, Mechanical cutters, Sealing devices, Carriers and appliers, Irrigation and injection needles and other. One of the important parameter use as relative distinction between various devices , is the amount of bodily disruption or tissue trauma causes to patient after device use.

 

Growth in the surgical devices market is primarily driven by rising number of surgerical procedure globally, increase in ageing population.Demand for surgical devices are also increasing due to

• Increase in deposable income to spend on healthcare
• Increasing number of plastic and reconstructive surgery due to increasing concern for esthetics among women.
• Surgical sutures and staplers segment shows significant growth due to high cost and extensive use in wound closure surgeries
• Caesarean surgeries performed globally helps to grow Obstetrics and gynecology segment.
• Smoking, diabetes, Hypertension, obesity problems leading to cardiovascular surgeries globally.
• In modern world heart disorders such as blocked coronary artery has become common problem which can be treated with coronary artery bypass graft surgery.
• Increasing need of automation in the medical segment and growing demand for minimally-invasive surgeries has led Robotic surgery or Computer assisted surgery market to USD 4.1 billion in 2016-17.
• Government support also helping to manufacturers and consumers to increase market share of surgical devices.

 

SURGICAL EQUIPMENT MARKET KEY MARKET SEGMENTS

Segmentation by application of surgical devices market:

• Cardiovascular
• Obstetrics and Gynecology
• Urology
• Laparoscopy
• Plastic and Reconstructive Surgeries
• Wound Closure
• Thoracic Surgery
• Neurosurgery
• Orthopedic Surgery

 

Segmentation by PRODUCT TYPE of surgical devices market:

• Electrosurgical Devices
• Surgical Staples & Surgical Sutures
• Trocars
• Retractors
• Graspers
• Lancets
• Scissors