Market Size of France General Surgical Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France General Surgical Devices Market Analysis
The French general surgical devices market is expected to register a CAGR of 4.5% during the forecast period.
A decline in patient admissions during the pandemic and the cancellation of non-emergency surgical procedures significantly impacted the French general surgical equipment business. According to a study published in British Medical Journal in November 2021, the weekly incidence of rhegmatogenous retinal detachment (RRD) surgical procedures decreased from 0.63/100,000 persons in 2019 to 0.36/100,000 inhabitants in 2020, representing a 41.6% decrease in the frequency of rhegmatogenous retinal detachment (RRD) surgical procedures. A decline in the surgical volume was observed in France during the pandemic period, severely impacting the market. However, the market has been recovering strongly since restrictions were eased. Over the projected period, an increase in surgical procedures, such as gynecological, neurological, and cardiological surgeries, will drive the recovery of the market.
The French market for general surgical devices is rapidly growing due to factors such as the rising demand for minimally invasive devices, increasing healthcare expenditures, and growing cases of injuries and accidents. According to the Institute for Health Metrics and Evaluation 2022, government health spending per person in France is expected to go up to USD 4,123 by 2050. With such high spending on healthcare, the government of France is expected to increase the adoption of standard healthcare and advanced surgical devices, thus propelling market growth.
Moreover, a growing geriatric population that is more prone to chronic diseases and requires surgical treatment is likely to support the growth of the market. For instance, according to the United Nations Population Fund's, World Population Dashboard's Statistics 2021, about 21.1% of individuals in France are 65 or older. Since chronic diseases are more common among the elderly, the need for surgeries and treatment devices is predicted to rise over the forecast period.
Thus, all aforementioned factors are expected to boost market growth over the forecast period. However, stringent government regulations and improper reimbursement for surgical devices may restrain the market growth.
