Market Trends of United Kingdom General Surgical Devices Industry
Handheld Devices are Expected to Witness a Growth in the the General Surgical Devices Market During the Forecast Period
- Handheld surgical devices refer to hand-manipulated tools, such as scalpels, forceps, and retractors, designed for use in various general surgical procedures. The development of advanced devices, including robotic handheld surgical devices, has significantly enhanced a surgeon's dexterity.
- Needle holders, which are similar in shape to hemostats and feature jaws and handles, allow needles to be locked in place for sutures in a variety of tissue types. The market for handheld surgical devices is growing due to the rising number of minimally invasive surgical procedures and an increase in outpatient surgeries.
- The increasing number of surgeries in the United Kingdom has resulted in a higher demand for handheld surgical devices. For example, according to the National Obesity Audit - Bariatric Surgical Procedures 2022 update, 4035 bariatric surgeries were conducted in England during the financial year 2021-2022. As a result, the demand for handheld devices is likely to increase shortly due to the growing number of surgical procedures.
- The market segment's growth is also driven by advancements in handheld surgical devices. For instance, in November 2021, Smith+Nephew launched its Cori handheld robotic system in the United Kingdom. The Cori system includes a handheld cutting tool that features robotic technology. Thus, due to the rise in surgeries and the launch of new handheld device products, the handheld device segment is expected to witness significant growth in the market over the forecast period.
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Cardiology Segment is Anticipated to Observe a Notable Growth in the United Kingdom General Surgical Devices Market Over the Forecast Period
- The cardiology segment is expected to hold a significant market share in the studied country, driven by several factors, including the rising prevalence of cardiovascular diseases and technological advancements in medical devices. For instance, according to the British Heart Foundation's 2022 fact sheet, approximately 7.6 million people in the United Kingdom live with heart and circulatory diseases, with 4 million being male and 3.6 million being female.
- This source also reports that in 2022, twice as many people will be living with heart and circulatory diseases in the UK than with cancer and Alzheimer's disease combined. Therefore, an increase in the incidence of cardiac diseases is expected to drive the demand for surgical interventions based on the severity of the diseases, ultimately fueling the market growth over the forecast period.
- Moreover, the increasing number of cardiac surgeries performed in the country is contributing to the growth of the general surgical devices market. According to the NICOR Adult Cardiac Surgery Report 2022, around 19,333 adult heart operations were performed in the United Kingdom during 2020-2021. Furthermore, financial assistance from the government in the form of grants promotes industry expansion over time.
- For example, in July 2022, the BHF awarded EUR 30 million (USD 36 million) over five years to an international team to develop gene-editing treatments for these deadly diseases. Thus, given the rise in the incidence of cardiac diseases and the increasing investments by the government in the field of cardiology, the cardiology segment is expected to witness significant growth over the forecast period.
