Europe General Surgical Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

Europe’s market for general surgery devices is expected to reach USD XX billion by the end of 2021, growing at a CAGR of around XX% from 2016 to 2021.

Surgical equipment are medical devices/tools that fulfill a particular need during surgery. These tools empower the physical adjustment of biological tissue to give access to hidden body segments. Present day electronic advancements, for example, minimally invasive surgery equipment, and robotic & power assisted systems, are principally driving the surgical equipment market. Surgical equipment have wide applications in distinctive surgical techniques, for example, neurosurgery, plastic and reconstructive surgeries, wound closure, urology, obstetrics and gynecology, thoracic surgery, micro-vascular, cardiovascular, orthopedic surgery, laparoscopy and others.

Europe General Surgical Devices Market-Market Dynamics

The market is dominated by hand tools and innovations that save time using powered tools. This market is also highly sensitive to the economic downturn, which has led to reduced hospital budgets. Product launch is the well-known methodology followed in the surgical equipment market, which has helped the makers increase their market share. Europe commands the overall surgical equipment market.

Drivers

Some of the factors contributing to the growth of the market are:

• Financial development
• Emphasis on infrastructural development
• Expanding attention to wellbeing-related issues
• Advancing government arrangements
• Increased spending on healthcare
• Expanding interest in outpatient surgery
• Increment in the number of surgical methods performed
• Increasing number of health care centers
• Expanding inclination for minimally invasive surgeries
• Technological advancement

Restraints

Some of the factors limiting the market growth are:

• Stringent regulatory policies
• Shortage of skilled labor
• Shortage of quality surgical instruments
• High cost

Hospitals are persistently tested, as they must utilize quality surgical instruments while conforming to steadily fixing spending plan imperatives. Therefore, they are obtaining instruments that can be utilized productively over a drawn out stretch of time to help cut expenses.

The domestic manufacturers earn significant revenues through the export of surgical equipment. Product differentiation in this market is extremely limited; hence, pricing and branding remain the unique selling proposition. The market is packed with numerous participants ranging from manufacturers of forceps to power tools and robotics. Quite recently, specialty hospitals have seen appreciable growth in the developing economies focusing on intense treatments

Europe’s general surgical equipment market is segmented based on equipment type and geography. Surgical equipment types are further categorized as caliper, suction tubes, forceps, probes, handles, needle holder, scissors, speculums, retractors, tendon, strippers, clamps, distractors, clips, approximators, sutures, catheters, and others. On the basis of geography, the market is segmented into the UK, France, Spain, Germany, Italy and Others.

 What the Report Offers

• Market definition along with identification of key drivers and restraints for the market.
• Market analysis for Europe’s general surgical devices market, with region-specific assessments and competition analysis on a regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. 
• Identification and analysis of the macro and micro factors that affect Europe’s general surgical devices market on a regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.