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

The United Kingdom 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

Study Period:

2017-2025

Base Year:

2019

CAGR:

5.5 %

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Market Overview

The United Kingdom General Surgical Devices Market is expected to register a CAGR of 5.5% during the forecast period, owing to the factors such as rising demand for minimally invasive devices, increasing geriatric population, and growing cases of injuries and accidents.

The growing burden of diseases chronic diseases along with the rising geriatric population in the United Kingdom is likely to lead to increased demand for surgical devices. For instance, according to the British Heart Foundation 2020 Factsheet, as of 2020, there are around 7.4 million people living with heart and circulatory diseases in the United Kingdom which is expected to drive market growth as this will increase the use of general surgical devices in the management of the diseases.

Furthermore, as per Versus Arthritis, in 2019, it was estimated that over 18% of people who were above 45 years of age in England had osteoarthritis of the knee which ultimately rises surgical procedures and drives the market growth in the near future. Thus, owing to the above-mentioned factors it is expected to increase demand for surgical devices during the forecast period.

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. The United Kingdom General Surgical Devices Market is segmented by product and application.

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Key Market Trends

Handheld Devices is Expected to Dominate the General Surgical Devices Market Over the Forecast Period

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 United Kingdom 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 United Kingdom around 46,412 laparoscopic appendectomy procedures, 83,803 laparoscopic cholecystectomy procedures, and 208,711 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 United Kingdom General Surgical Devices Market is fragmented because of the presence of many large, medium, and small players. Some of the major players of the market are B. Braun Melsungen AG, Medtronic PLC, Olympus Corporations, Integra LifeSciences Corporation, Stryker Corporation, Johnson & Johnson, Erbe Elektromedizin Gmbh, Boston Scientific Corporation and Smith & Nephew Plc.

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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 Medtronic PLC

      3. 6.1.3 Olympus Corporation

      4. 6.1.4 Integra LifeSciences Corporation

      5. 6.1.5 Stryker Corporation

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 Erbe Elektromedizin Gmbh

      8. 6.1.8 Boston Scientific Corporation

      9. 6.1.9 Smith & Nephew Plc

      10. 6.1.10 Maquet Holding BV & Co. KG (Getinge AB)

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

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

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