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

The Australia General Surgical Devices Market is segmented By Product, and Application (Gynecology and Urology, Cardiology, Orthopedic, Neurology and Other products)

Market Snapshot

Australia General Surgical Devices
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 2 %

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Market Overview

The Australia General Surgical Devices Market is expected to register a CAGR of 2% during the forecast period. Some of the factors such as rising demand for minimally invasive devices, growing cases of injuries, and accidents are propelling the market growth. Minimally invasive surgeries (MIS) cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. The benefits associated with minimally invasive surgeries are creating a high demand for these devices. Moreover, the Increased prevalence of the chronic disease has also promoted the demand for surgical devices in various surgeries, such as cardiovascular surgeries, orthopedic surgeries, and plastic surgeries, therefore, driving market growth. As per the National Health Survey: First Results, 2017-18, in Australia approximately one in nine (11.5%) individuals in 2017-18 had two chronic conditions, while 8.7% had three or even more chronic diseases. One out of five Australians (20.1%) were identified with mental health and behavioral disorders, which for both males and females was the most reported chronic disease in 2017–18. The next most frequently reported chronic diseases were back disorders (16.4%) and asthma (15.0%) in 2017-2018. Thus, increasing demand of minimally invasive surgical devices and rising burden of chronic diseases are triggering the market growth.

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 scope of the report covers several market aspects of the surgical devices in relation to products, applications, 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

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Key Market Trends

Handheld Device is Expected to Dominate the General Surgical Devices Market

Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon’s dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety. The handheld surgical instruments segment accounted for the largest share of the surgical device market.

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. Surgical operations demand surgeons to frequently engage in hand-intensive activities, including suturing. The market is growing, due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries. The market is further expected to grow and the prices are expected to fall, due to the entry of many new players in the market.

Key trend Australia surgery.png

Competitive Landscape

The Australia General Surgical Devices Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Johnson & Johnson, Medtronic PLC, Olympus Corporations, Stryker Corporation.

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. 4.3 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

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Conmed Corporation

      4. 6.1.4 Johnson & Johnson

      5. 6.1.5 Medtronic PLC

      6. 6.1.6 Olympus Corporations

      7. 6.1.7 Stryker Corporation

    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 Australia General Surgical Devices Market market is studied from 2018 - 2026.

The Australia General Surgical Devices Market is growing at a CAGR of 2% over the next 5 years.

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

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