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

The France 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) and Application

Market Snapshot

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Study Period:

2018 - 2026

Base Year:

2019

CAGR:

4.5 %

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Market Overview

The France general surgical devices market is expected to register a CAGR of nearly 4.5% during the forecast period. 

The French market for general surgical devices is rapidly growing, owing to factors, such as the rising demand for minimally invasive devices coupled with increasing healthcare expenditures and growing cases of injuries and accidents. According to the World Population Ageing Report (2019), in France, the population aged 65 years or over in 2019 was 13.28 million (20.4%), and this number is projected to reach to 16.09 million (24.1%) in 2030. In addition, according to the GLOBOCAN 2018, there are 455,618 (both sexes) total number of cancer cases that have been recorded in France. Thus, the growing aging population and the high incidence of chronic disorders result in an increased number of surgeries.

Healthcare in France is considered one of the best in the world, in terms of both patient coverage and healthcare spending. As per data provided by OECD, in 2019, the total healthcare expenditure amounted to 11.2 percent of the country's gross domestic product. Certain investments in the healthcare sector offer attractive long-term financial benefits. Medical care is one such area in which individuals tend to increase spending as incomes grow, thereby positively influencing the market growth.

Scope of the report

As per the scope of the 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 surgical devices in relation to products and applications.

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Key Market Trends

Handheld Device is Expected to Dominate the France General Surgical Devices Market

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 growing, due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries.

In the France with the rising number of surgeries leading to the increasing use of handheld surgical devices. For instance, as per the Organisation for Economic Co-operation and Development (OECD) data in 2018, in the France around 61159 laparoscopic appendectomy procedures, 119450 laparoscopic cholecystectomy procedures, and 148075 cesarean section procedures were being performed. Thus, a growing number of surgical procedures is likely to increase the demand for the usage of handheld devices in near future..

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Competitive Landscape

The France general surgical devices market is moderately competitive owing to 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, Cadence Inc., Conmed Corporation, and Johnson & Johnson are among others. Most of these companies have undertaken strategic initiatives, such as product development, geographical expansion, and M&A to increase their market share.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Coupled with Increasing Healthcare Expenditures in France

      2. 4.2.2 Growing Cases of Injuries and Accidents

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Government Regulations & Improper Reimbursement for Surgical Devices

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      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 Cadence Inc.

      4. 6.1.4 Conmed Corporation

      5. 6.1.5 Integer Holdings Corporation

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 Maquet Holding BV & Co. KG

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 Olympus Corporation

      10. 6.1.10 Stryker Corporation

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

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

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Frequently Asked Questions

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

The France General Surgical Devices Market is growing at a CAGR of 4.5% over the next 5 years.

  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Cadence Inc.
  • CONMED Corporation
  • Johnson & Johnson

Are the major companies operating in France General Surgical Devices Market.

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