Asia-Pacific General Surgical Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific General Surgical Devices Market is segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products), Application, and Geography

Market Snapshot

Market Snapshot1
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 4.6 %

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Market Overview

The Asia-Pacific General Surgical Devices Market is expected to register a CAGR of 4.6% during the forecast period, owing to the factors such as rising demand for minimally invasive devices, growing cases of injuries and accidents, and increasing healthcare expenditures in emerging economies.

The growing burden of chronic diseases along with the rising geriatric population in these countries is likely to lead to increased demand for medical devices. There is also increased spending on healthcare in Asian countries that is expected to increase during the forecast period. For instance, according to the e-Stat (Official Statistics of Japan), in Japan, households spent an average of around 36,063 Japanese yen on medical treatments in 2019. In 2019, on average Japanese families spent around 78 thousand yen on average for medical services. Thus, the growing burden of diseases is expected to increase the demand for medical devices during the forecast period.

Scope of the report

As per scope of the report, surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The Asia-Pacific General Surgical Devices Market is segmented by product, application, and geography.

By Product
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopaedic
Neurology
Other Applications
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

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Key Market Trends

Handheld Devices is Expected to Dominate the General Surgical Devices Market Over the Forecast Period

In Asia-Pacific countries with the rising number of surgeries leading to increase the use of handheld surgical devices. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon’s dexterity. Needle holders are very similar in shape to hemostats, featuring jaws, and handles. Needle holders allow the needle to be locked into place for suturing, in a variety of tissue types. The market is thus growing due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries.

For instance, the prevalence of cardiovascular diseases (CVDs) in China has been increasing continuously. As per a 2018 report by Li-Yuan Ma, published in the Journal of Geriatric Cardiology, of the approximately 290 million patients with CVD, approximately 2 in 5 deaths in China are attributed to CVD, higher than the death rate due to cancer or other diseases.​ The rising number of cardiovascular diseases is creating an increasing number of surgeries and procedures that help in boosting the market growth. As the surgeries are increasing, that is increasing the demand for handheld devices. Thus, owing to the above-mentioned factors it is expected to drive market growth.

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Competitive Landscape

The Asia-Pacific General Surgical Devices Market is fragmented because of the presence of many large, medium, and small players. Some of the major players of the market are B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Medtronic Plc and Johnson & Johnson are among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Minimally Invasive Devices

      2. 4.2.2 Growing Cases of Injuries and Accidents

      3. 4.2.3 Increasing Healthcare Expenditures in Emerging Economies

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Government Regulations

      2. 4.3.2 Improper Reimbursement for Surgical Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Handheld Devices

      2. 5.1.2 Laproscopic Devices

      3. 5.1.3 Electro Surgical Devices

      4. 5.1.4 Wound Closure Devices

      5. 5.1.5 Trocars and Access Devices

      6. 5.1.6 Other Products

    2. 5.2 By Application

      1. 5.2.1 Gynecology and Urology

      2. 5.2.2 Cardiology

      3. 5.2.3 Orthopaedic

      4. 5.2.4 Neurology

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 Japan

        3. 5.3.1.3 India

        4. 5.3.1.4 Australia

        5. 5.3.1.5 South Korea

        6. 5.3.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 B. Braun Melsungen AG

      3. 6.1.3 Conmed Corporation

      4. 6.1.4 Boston Scientific Corporation

      5. 6.1.5 Johnson & Johnson

      6. 6.1.6 Olympus Corporation

      7. 6.1.7 Stryker Corporation

      8. 6.1.8 Integer Holdings Corporation

      9. 6.1.9 Smith & Nephew Plc

      10. 6.1.10 Maquet Holding BV & Co. KG (Getinge AB)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Asia-Pacific General Surgical Devices Market market is studied from 2018 - 2026.

The Asia-Pacific General Surgical Devices Market is growing at a CAGR of 4.6% over the next 5 years.

Boston Scientific Corporation, Johnson & Johnson, Medtronic PLC, B. Braun Melsungen AG, Conmed Corporation are the major companies operating in Asia-Pacific General Surgical Devices Market.

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