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Europe General Surgical Devices Market - Growth, Trends, and Forecasts (2020 – 2025)
The Europe 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
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2017-2025
Base Year:
2019
CAGR:
6.1 %
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Market Overview
The Europe general surgical devices market is expected to register a CAGR of nearly 6.1% during the forecast period. There is an increase in the number of surgeries being performed in Europe that helps in increasing the overall demand for surgical devices.
With the present-day electronic advancements, for example, minimally invasive surgery equipment, and robotic & power assisted systems, are principally driving the surgical devices market. Surgical equipment has 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. Therefore the growing burden of diseases thus helps in increasing the demand for surgical devices market.
Scope of the report
As per the 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.
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Key Market Trends
Handheld Device is Expected to Dominate the Europe 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 has thus been accounted for the largest share due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries.
According to OECD stats, 46,412 the number of laparoscopic appendectomy surgeries were being recorded in the United Kingdom for the year 2018. the increasing burden of chronic diseases increases the minimally invasive surgeries, boosting the segment growth. Hence with the increasing number of surgeries has thus helped in boosting the handheld devices market.
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Competitive Landscape
The market is exceptionally fragmented and focused 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, and Johnson & Johnson.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Devices
4.2.2 Growing Number of Surgeries, Injuries and Accidents
4.3 Market Restraints
4.3.1 Stringent Government Regulations and Poor Reimbursement
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopaedic
5.2.4 Neurology
5.2.5 Other Applications
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 United Kingdom
5.3.1.3 France
5.3.1.4 Italy
5.3.1.5 Spain
5.3.1.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Stryker Corporation
6.1.4 Olympus Corporation
6.1.5 Medtronic PLC
6.1.6 Integer Holdings Corporation
6.1.7 Conmed Corporation
6.1.8 Johnson & Johnson
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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