Market Overview:
The global surgical and medical device market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in surgical and medical devices. The global surgical and medical device market is segmented on the basis of type into surgical devices and medical devices. On the basis of application, the market is segmented into hospitals, clinics, and other applications. Geographically, the market is segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . In 2017 North America accounted for the largest share of the global surgical and medical device market followed by Europe .
Product Definition:
Surgical and medical devices are objects or instruments that are used to diagnose, treat, or prevent disease. They may be used in surgery or other medical procedures.
Surgical:
Surgical is a process that is done by a medical expert with the help of surgical tools and devices. Surgical procedures are divided into two types: open surgery and minimally invasive surgery. Minimally invasive surgeries are gaining popularity because they cause less damage to the body, have shorter recovery time, and require smaller incisions (opening). On the other hand, open surgeries use larger incisions as they cut or remove parts of tissues or organs directly.
Medical:
Medical and it's usage in surgical and medical device market is used for diagnosis, prevention, cure or treatment of diseases. It helps doctors to understand the disease better so that they can treat it. Medical devices are used by surgeons during surgeries to ensure a safe & effective procedure.
The global medical and its usage in surgical.
Application Insights:
The hospital application segment led the global surgical and medical device market in 2017. This is attributed to a large number of procedures being performed using surgical devices and instruments at hospitals, especially in developed countries like the U.S., Canada, France and Germany. For instance, as per the data published by International Society for Aesthetic Plastic Surgery (ISAPS), around 250 million cosmetic surgeries are performed every year worldwide wherein Germany contributes more than 200 thousand cosmetic surgeries annually which amounts to nearly 20% of total ISAPS membership globally.
Furthermore, rising healthcare spending along with increasing aging population across various regions will boost product demand over the forecast period particularly in Asia Pacific and Middle East & Africa where investment funding for new healthcare facilities is expected to increase significantly over next few years driving demand for technologically advanced products used for treatment purposes such as cardiac pacemakers among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Factors such as favorable reimbursement policies, increasing geriatric population, and rising awareness about advanced surgical procedures are anticipated to drive growth in this region.
Asia Pacific is estimated to be one of the fastest-growing regions over the forecast years owing to factors such as improving healthcare infrastructure and growing medical tourism industry in emerging countries like India and China. In addition, rapidly developing economies such as Japan are also anticipated boost regional demand for various surgical devices over the coming years (USD X billion by 2025).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical and medical device market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and trauma as compared to traditional open surgery procedures.
- Rising prevalence of chronic diseases: The global surgical and medical device market is also driven by the rising prevalence of chronic diseases such as cancer, heart disease, diabetes, and obesity. These conditions require regular or periodic treatment, which in turn drives the demand for surgical and medical devices.
- Technological advancements: Surgical and medical devices are constantly evolving with new technological advancements being made in areas such as robotics, 3D printing technology, nanotechnology etc., This has led to increased efficiency and accuracy in surgeries thereby driving the growth of this market segment further.. 4) Growing geriatric population: The global geriatric population is growing at a rapid pace due to advances in healthcare technologies that have resulted in increased life expectancy rates across the world .This has led to an increase in demand for various types of surgical procedures that cater specifically to elderly patients Such as hip replacements or cataract surgeries etc.), thereby driving growth In thls market segment 5) Increased focus on preventive healthcare: There Is an Increasing focus on preventive healthcare among people all overthe world This has ledtoan Increase In Demandfor diagnosticand screening testssuchas CT
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical and Medical Device Market Research Report
By Type
Surgical, Medical
By Application
Hospital, Clinic, Other
By Companies
Medtronic, Johnson & Johnson Services, CONMED, Becton, Dickinson and Company, M, B. Braun Melsungen, Stryker, Boston Scientific Corporation, Erbe Elektromedizin, GE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Surgical and Medical Device Market Report Segments:
The global Surgical and Medical Device market is segmented on the basis of:
Types
Surgical, Medical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Johnson & Johnson Services
- CONMED
- Becton
- Dickinson and Company
- M
- B. Braun Melsungen
- Stryker
- Boston Scientific Corporation
- Erbe Elektromedizin
- GE
Highlights of The Surgical and Medical Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surgical
- Medical
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical and Medical Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A surgical and medical device is a machine or tool that is used in surgery or medicine.
Some of the key players operating in the surgical and medical device market are Medtronic, Johnson & Johnson Services, CONMED, Becton, Dickinson and Company, M, B. Braun Melsungen, Stryker, Boston Scientific Corporation, Erbe Elektromedizin, GE.
The surgical and medical device market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surgical and Medical Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surgical and Medical Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical and Medical Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surgical and Medical Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surgical and Medical Device Market Size & Forecast, 2020-2028
4.5.1 Surgical and Medical Device Market Size and Y-o-Y Growth
4.5.2 Surgical and Medical Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Surgical
5.2.2 Medical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical and Medical Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surgical and Medical Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Surgical
9.6.2 Medical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Surgical
10.6.2 Medical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Surgical
11.6.2 Medical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Surgical
12.6.2 Medical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Surgical
13.6.2 Medical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surgical and Medical Device Market: Competitive Dashboard
14.2 Global Surgical and Medical Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson Services
14.3.3 CONMED
14.3.4 Becton
14.3.5 Dickinson and Company
14.3.6 M
14.3.7 B. Braun Melsungen
14.3.8 Stryker
14.3.9 Boston Scientific Corporation
14.3.10 Erbe Elektromedizin
14.3.11 GE
