The global Disposable Surgical Devices market size is expected to be worth around US$ 10.3 billion by 2030, according to a new report by Vision Research Reports.
The global Disposable Surgical Devices market size was valued at US$ 5.2 billion in 2020 and is anticipated to grow at a CAGR of 7.10% during forecast period 2021 to 2030.
The growing prevalence of chronic diseases, such as cardiovascular, neurological, urological, and infectious disorders, is expected to drive the overall market. Chronic diseases are a global healthcare concern, with over half of the adult population in the U.S. suffering from them, resulting in over 75% of the total healthcare expenditure. Thus, a rise in infectious and chronic diseases is expected to create a significant demand for disposable surgical devices.
Cancer has become a significant healthcare burden and a leading cause of death across the globe. According to the WHO, almost 1 in 6 deaths can be attributed to this disease. Estimates from the same source indicate that over 70% of cancer-related deaths typically occur in middle- and low-income countries. Thus, a steady rise in the number of curative, preventive, and diagnostic cancer surgeries has been observed globally, creating a high demand for disposable surgical equipment.
The growing number of road accidents is expected to augment the demand for disposable surgical instruments. According to the WHO, around 10 million people are injured or disabled due to road accidents every year, creating a demand for surgeries. Such wounds are commonly managed using , Hence, the increasing number of road accidents is expected to positively impact demand for disposable surgical sutures and staplers.
The increasing government initiatives for the usage of disposable medical devices to avoid hospital-associated infections are expected to boost the usage of single-use devices. The growing number of surgical procedures is expected to increase the need for disposable surgical devices.
Surgical sutures and staplers held the largest share of 45.3% in 2020. Surgical sutures are threads used after surgery or in treating an injury to close incisions or repair cuts. Surgical staplers are also used for wound closure and are more precise than sutures. The process of surgical stapling is quicker. Moreover, staples lead to a lower risk of infection as compared to sutures. Sutures are the conventional way of closing a wound; however, the risk of wound reopening with sutures is comparatively lower than staples. The growing development of disposable sutures and staplers by various market players is also expected to contribute to the segment growth.
Electrosurgical devices are expected to grow at the fastest rate of 8.4% over the forecast period. Electrosurgical instruments help perform surgeries in ambulatory surgical centers (ASCs) or clinics without the need for hospital settings. Outpatient settings usually include short-period surgery, resulting in the reduction of surgery cost. Among all the surgical instruments, electrosurgical products are witnessing significant growth. Bipolar electrosurgical instruments have emerged as significantly useful in minimally invasive endoscopic surgeries, thereby expected to propel the segment growth.
General surgery held the largest share of 23.1% in 2020. The growing number of general surgeries is expected to contribute to the segment growth. A large number of disposable surgical devices are used for general surgery.
The plastic and reconstructive surgery segment is expected to grow at the fastest rate of 9.0% over the forecast period. According to the American Society of Plastic Surgeons (2017), over 17.5 million cosmetic surgeries were performed in the U.S. Furthermore, there was a rise of 200% in minimally invasive cosmetic procedures in the U.S. since the year 2000. Most minimally-invasive surgeries involve the use of disposable surgical instruments, thereby expected to propel the market growth.
The obstetrics and gynecology segment is expected to witness significant growth during the forecast period. Obstetrics specifically includes pregnancy and childbirth, whereas gynecology is a broader aspect including all the female reproductive organ disorders. Some of the common surgical procedures involving female reproductive organs include episiotomy and cervical cerclage. In addition, minimally invasive gynecologic surgeries lead to less postoperative pain, resulting in shorter hospital stays. These surgeries involve the use of surgical tools, such as laparoscopes and hysteroscopy. The growing development of disposable surgical devices for obstetrics and gynecology to avoid infection transmission is expected to contribute to the segment growth.
North America held the largest share of 29.8% in 2020. This can be attributed to the increasing incidence of chronic diseases, such as cardiovascular and neurological diseases, cancer, diabetes, and autoimmune diseases. In addition, an increase in the number of surgical procedures due to accidents, burns, and trauma cases is one of the major factors driving the surgical instruments market in the region.
According to the WHO, the burden of noncommunicable diseases (NCDs) is the highest in the European region and is expected to grow at a high rate in the near future. As per the WHO, chronic diseases such as diabetes, cardiovascular disorders, chronic respiratory diseases, mental disorders, and cancer contributed to an estimated 86% of deaths in the region, thereby contributing to 77% of the disease burden in the European region. Unhealthy dietary habits, sedentary lifestyle, smoking, and alcohol consumption are primary reasons responsible for the increase in disease burden in Europe. Surgical interventions help treat and manage these diseases, facilitating the use of disposable surgical tools. With a substantial increase in the number of surgeries being performed due to a rise in the incidence of chronic diseases, the demand for these instruments is increasing.
Asia Pacific is expected to grow at the fastest rate of 8.0% during the forecast period. The presence of a large patient pool in the region is expected to contribute to the regional market growth. Japan has a large geriatric population, which requires increased care and attention in terms of health. According to the National Census 2015 report, nearly 26.7% of the total Japanese population is aged 65 years and above, leading to the high prevalence of chronic diseases in the country. According to the Japan Cancer Society (JCS), one in three deaths in Japan occurred due to cancer, with lung and stomach cancers being the most frequent types. With an increase in the prevalence of such cancers, preventive surgeries are often performed to limit the growth of malignant tumors in the body. As per the International Society of Aesthetic Plastic Surgery, over 1,678,610 cosmetic and non-surgical procedures were performed in Japan in 2017. Therefore, the growing number of surgeries is expected to increase the need for disposable surgical devices.
B. Braun Melsungen AG
Smith & Nephew plc
Alcon Laboratories, Inc.
Becton, Dickinson and Company
Surgical Sutures & Staplers
Handheld Surgical Devices
Plastic & Reconstructive Surgery
Obstetrics & Gynecology
Middle East & Africa
The Disposable Surgical Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Disposable Surgical Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Disposable Surgical Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Disposable Surgical Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Disposable Surgical Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Disposable Surgical Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Disposable Surgical Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Disposable Surgical Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Disposable Surgical Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Disposable Surgical Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Disposable Surgical Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Disposable Surgical Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Disposable Surgical Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Disposable Surgical Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Disposable Surgical Devices market. These factors have benefited the growth of the global market for Disposable Surgical Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Disposable Surgical Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Disposable Surgical Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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