Surgery Device Market is Probable to Influence the Value of USD 31.25 Million by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Analysis

TORONTO, April 18, 2023 (GLOBE NEWSWIRE) -- Latest released Surgery Device Market Research Report provides a detailed assessment of Key and emerging players showcasing company profiles, product/service offerings, market price, and sales revenue to better derive market size estimation. The insights provided in the top-notch Surgery Device market survey report are based upon SWOT analysis on which businesses can rely confidently. With the precise and high-tech information about the Surgery Device industry, businesses can know about the types of consumers, consumer demands and preferences, their perspectives about the product, their buying intentions, their response to a particular product, and their varying tastes about the specific product already existing in the market through a global Surgery Device marketing report. This information and market insight assists with maximizing or minimizing the production of goods depending on the conditions of demand.

Detailed and comprehensive market study performed in the significant Surgery Device report offers the current and forthcoming opportunities to shed light on the future market investment. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. Various parameters covered in this industry report helps businesses for better decision making. Surgery Device market research report encompasses different industry verticals for Surgery Device industry such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.

Data Bridge Market Research analyses that the surgery device market is expected to reach USD 31.25 million by 2030, which is USD 16.03 million in 2022, and is expected to undergo a CAGR of 8.70% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Surgery devices are primarily used for several variety of diseases. These devices are usually appointed for routine procedures or in complicated surgeries and are widely used in trauma and burn care, hernias, gastrointestinal problems, and breast cancer. These devices are used in many sub-specialties of general surgery such as orthopaedics, obstetrics, neurology, cardiovascular, urology, and gynaecology.

As per the data of Unite Nations, there were about 382 million old age people, aged 60 years or above, worldwide in 2017 ad this number is projected to be 2.1 billion by 2050. The old age people are vulnerable to the chronic diseases and may drive the demand for various surgery treatments, thus boosting the demand for the surgical equipment. Currently, robotics has several applications in numerous general surgeries, such as fundoplication, cholecystectomy, and Heller Myotomy.

This comprehensive report provides:

• Improve strategic decision making

• Research, presentation and business plan support

• Show emerging market opportunities to focus on

• Industry knowledge improvement

• It provides the latest information on important market developments.

• Develop an informed growth strategy.

• Description of trends to exploit

• Strengthen competitor analysis

• By providing a risk analysis, you can avoid pitfalls that other companies may create.

• Ultimately, you can maximize your company's profitability.

The Surgery Device Market is Dominated by Firms Such as

• Boston Scientific Corporation (U.S.)

• Cardinal Health, Inc. (U.S.)

• Organogenesis Inc. (U.S.)

• CONMED Corporation (U.S.)

• Erbe Elektromedizin GmbH (Germany)

• Integra LifeSciences (U.S.)

• Straub Medical AG (Switzerland)

• Varian Medical Systems, Inc (U.K.)

• Mevion Medical Systems. (U.S.)

• Olympus Corporation (India)

Recent Developments

• In 2021, SS Innovations, declared the  commercial release of India's first general robotic surgery equipment in the following 4-6 months. In addition to this, Medrobotics Corp. received funding of USD 20 million in February 2017 for the huge expansion in novel surgical applications and for developing the next-generation Flex Robotic System

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Opportunities

• Increasing Application in Gynecology

The growing number of baby births are significantly leading to market growth. Furthermore, numerous complications associated with pregnancy due to the growing prevalence of women reproductive organ disorder among the female population has led to the number of gynecological surgeries. Additionally, the increasing number of cesarean deliveries is projected to boost this segment's growth.

The wide usage of surgical sutures and staplers in the wound closure application has led to the consumption and created this segment to lead. Staplers provides low risk of infections and enables quick wound healing, which further boosts this segment's growth.

Key Market Segments Covered in Surgery Device Industry Research

Type

Application

Product

• Trocars and Access Devices

End-user

Key Industry Drivers:

• Increasing Adoption of Minimally Invasive Surgeries

The growing acceptance of minimally invasive and robotic and computer-assisted surgery is likely to boost the market growth. For instance, as per the article "Trauma of Major Surgery" published in the National Center for Biotechnology Information (NCBI), about 310 million major surgeries are performed every year worldwide in July 2020. Nearly 30 million kids participate in youth sports nationwide every year, as per the Weinstein Legal research which was released in March 2020. This may lead to surgical emergencies, further increasing the demand for general surgery devices.

• Increase in Health Disorders

Health disorders are affecting the population globally, transitioning from conditions brought on by several infections and plagues to diseases associated with lifestyle, as a result of industrialization and major lifestyle changes. In developed, developing, and less developed countries, the condition has led to a noticeable increase in health conditions, such as cardiovascular diseases, cerebrovascular diseases, cancers, and bone abnormalities. With a high number of vehicles and other highly advanced gadgets on the road, the number of casualties that is caused by accidents has also increased. These factors are increasing the growth of the market.

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Surgery Device Market Regional Analysis/Insights:

The countries covered in the surgery device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the surgery device market because of the rising favorable reimbursement policies, wide presence of major key companies, and supportive government initiatives

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the increasing awareness about reconstructive or plastic surgeries and increasing government initiatives to incorporate improvements in reimbursement policies

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

• What are the key growth parameters for this global market during the forecast period?

• Which key players are expected to hold the largest market share over the forecast period?

• Who are the leading vendors and manufacturers in this market?

• What are the key strategies adopted by leading players in the market for business development and geographical expansion?

• Which end-use industries can trigger high demand in the market over the forecast period?

• What are the key segments in this market?

• Which regional player will be anticipated leading the global market in terms of size?

• What is the impact of the novel coronavirus pandemic?

• Which obstacles must new players overcome in order to occupy a major position?

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Surgery Device Market: Regulations
6. Market Overview
7. Global Surgery Device Market, By Type
8. Global Surgery Device Market, By Application
9. Global Surgery Device Market, By Product
10. Global Surgery Device Market, By End User
11. Global Surgery Device Market, By Region
12. Global Surgery Device Market: Company Landscape
13. SWOT Analyses
14. Company Profile
15. Questionnaires
16. Related Reports

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• Bariatric Surgery Devices Market, By   Type (Minimally Invasive Surgical Devices, Non-Invasive Surgical Devices), Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch), End User (Bariatric Surgery Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-bariatric-surgery-devices-market

• Thoracic Surgery Devices Market, By Product (Cardiac Rhythm Management (CRM) and Cardiac Assist, Heart Valve Repair and Replacement, Heart Defect Closure, Cardiopulmonary Devices, Others), End-Users (Hospitals, Clinics, Ambulatory Surgery Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-thoracic-surgery-devices-market

• Plastic Surgery Devices Market, By Type (Instruments, Consumables, Implants), End User (Clinic, Medical Spa and Beauty Centers, Hospital, Dermatology Clinics, Others), Distribution Channel (Direct Tender, Retail Sales), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Poland, Luxemburg and rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Bangladesh and rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, North Africa, Jordan, Ethiopia, Iran and Rest of Middle East and Africa, Brazil, Colombia, Argentina, Peru, Chile, Dominican Republic, Uruguay, Paraguay and Rest of South America) https://www.databridgemarketresearch.com/reports/global-plastic-surgery-devices-market

• Corneal Surgery Devices Market, By Device Type (Diagnostic and Corneal Surgery Devices, Vision Care), Transplantation (Deep Anterior Lamellar and Penetrating Keratoplasty, Synthetic Corneas), Procedures (Pre-Operative Examination, Penetrating Keratoplasty, Lamellar Keratoplasty), End Users (Ophthalmic Clinics, Hospitals, Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-corneal-surgery-devices-market

• Glaucoma Surgery Devices Market, By Target (Trabecular Meshwork, Suprachoroidal Space, Others), Surgery Type (Conventional Glaucoma Surgeries, Minimally Invasive Glaucoma Surgeries), End-User (Eye Hospitals, Ophthalmology Clinics, Outpatient Surgical Centres) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-glaucoma-surgery-devices-market

• Cataract Surgery Devices Market, By Device Type (Intraocular lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment and Femtosecond Laser Equipment), End Users (Ophthalmology Centers, Hospitals, Clinics),  Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-cataract-surgery-devices-market

• Monopolar Electrosurgery Devices Market, By Product (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems), Application (General Surgery, Gynaecology Surgery, Urologic Surgery, Orthopaedic  Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-monopolar-electrosurgery-devices-market

• Aesthetic & Cosmetic Surgery Devices Market, By Type (Breast Implant/Mammary Implants, Implants for the Body and Custom Made Implants), Raw Material (Polymers, Metals and Biomaterials), End User (Clinics, Hospitals, Dermatology Clinics and Others), Distribution Channel (Direct Tender, Retail Pharmacies), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Poland, Luxemburg, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Bangladesh, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., North Africa, Jordan, Ethiopia, Egypt, Israel, Iran, Rest of Middle East and Africa, Brazil, Columbia, Argentina, Peru, Chile, Dominican Republic, Uruguay, Paraguay and Rest of South America) https://www.databridgemarketresearch.com/reports/global-aesthetic-and-cosmetic-surgery-devices-market

• Vitreoretinal Surgery Devices Market, By Product (Per Fluoro Carbon Liquids, Endoillumination Instruments and Vitreo Retinal Prefilled Silicone Oil Syringes), Type (Illumination Surgery Devices, Photocoagulation Surgery Devices, and Vitrectomy Surgery Devices) Application (Anterior Vitreoretinal Surgery, Posterior Vitreoretinal Surgery), End Use (Hospitals, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-vitreoretinal-surgery-devices-market

• Retinal Surgery Devices Market, By Type (Vitrectomy Machines, Vitrectomy Packs, Retinal Laser Equipment, Microscopic Illumination Equipment, Surgical Instruments, Others),Application (Diabetic Retinopathy, Retinal Detachment, Epiretinal Membrane, Macular Hole, Others),End User (Hospitals, Eye Clinics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-retinal-surgery-devices-market

• Refractive Surgery Devices  Market, By Product Type (Laser, Phakic Intraocular Lens (IOL), Aberrometer/Wavefront Aberrometry, Surgical Instruments & Accessories, Refractive Surgery Kits, Pupillary Diameter Meters, Epikeratomes, Microkeratomes, Thermokeratoplasty, Limbal Relaxing Incision Kits and Others), Surgery Type (LASIK (Laser In-Situ Keratomileusis, Photorefractive Keratectomy (PRK), Phakic Intraocular Lenses (IOL), Astigmatic Keratotomy (AK), Automated Lamellar Keratoplasty (ALK), Intracorneal Ring (INTACS), Laser Thermal Keratoplasty (LTK), Conductive Keratoplasty (CK), Radial Keratotomy (RK) and Others), Application (Nearsightedness (Myopia), Farsightedness (Hyperopia), Astigmatism and Presbyopia), End User (Hospitals, Speciality Clinics, Ambulatory Surgical Centers  and Others), Distribution Channel (Direct Tender, Third Party Distributors and Others) https://www.databridgemarketresearch.com/reports/global-refractive-surgery-devices-market

• Middle East and Africa Refractive Surgery Devices Market, By Product Type (Laser, Phakic Intraocular Lens (IOL), Aberrometer/Wavefront Aberrometry, Surgical Instruments & Accessories, Refractive Surgery Kits, Pupillary Diameter Meters, Epikeratomes, Microkeratomes, Thermokeratoplasty, Limbal Relaxing Incision Kits and Others), Surgery Type (LASIK (Laser In-Situ Keratomileusis, Photorefractive Keratectomy (PRK), Phakic Intraocular Lenses (IOL), Astigmatic Keratotomy (AK), Automated Lamellar Keratoplasty (ALK), Intracorneal Ring (INTACS), Laser Thermal Keratoplasty (LTK), Conductive Keratoplasty (CK), Radial Keratotomy (RK) and Others), Application (Nearsightedness (Myopia), Farsightedness (Hyperopia), Astigmatism and Presbyopia), End User (Hospitals, Speciality Clinics, Ambulatory Surgical Centers and Others), Distribution Channel (Direct Tender, Third Party Distributors and Others) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-refractive-surgery-devices-market

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