Market Size of United Kingdom General Surgical Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
United Kingdom General Surgical Devices Market Analysis
The United Kingdom general surgical devices market is expected to register a CAGR of 5.5% during the forecast period
- The COVID-19 pandemic had a significant impact on the United Kingdom's general surgical devices market, particularly in its early stages, due to the cancellations of surgical services and reduced end-user demand. According to an article published in May 2021 in the Association of Anaesthetists journal, during January 2021, almost one-third of anesthesia staff were unavailable, 42% of operating theatres were closed, and national surgical activity reduced to less than half, including reduced cancer and emergency surgery.
- Consequently, the demand for surgical devices was substantially hampered. However, with the resumption of elective surgeries and a decline in COVID-19 cases, the market is expected to bounce back to its pre-pandemic levels soon, thanks to an increase in chronic diseases, injuries, and surgeries.
- The United Kingdom's general surgical devices market is anticipated to experience significant growth during the forecast period, driven by two major factors: the rising demand for minimally invasive devices and the increasing prevalence of chronic diseases and accidents. For example, according to a study published in July 2021 in the BMJ journal, more than 25% of all surgical procedures performed by the National Health Service in the United Kingdom are for musculoskeletal conditions.
- Furthermore, a report published by the Department of Transport of the United Kingdom in June 2022 indicates that 28,044 serious injury cases were reported in Great Britain during that month. Since serious injuries require surgeries, the demand for general surgical devices is expected to increase, thereby boosting the market growth. Thus, with an increase in the number of injuries and accidents, the demand for surgical devices is expected to rise, which should have a positive impact on the studied market.
- However, stringent government regulations are expected to constrain the United Kingdom's general surgical devices market during the forecast period.