Market Research Future (MRFR) has published a cooked research report on the “Global Disposable Surgical Devices Market” that contains information from 2018 to 2032. The Disposable Surgical Devices market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.
Disposable Surgical Devices Market Highlights
The global Disposable Surgical Devices market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 11.1 billion by 2032.
The increasing emphasis on infection control in healthcare is a significant driver for the market of disposable surgical devices. Healthcare regulatory bodies, such as the FDA and the European Medicines Agency (EMA), have imposed stringent guidelines and standards to prevent healthcare-associated infections (HAIs). These guidelines require the use of disposable surgical devices to reduce the risk of cross-contamination and ensure patient safety during surgical procedures. Healthcare facilities and providers are increasingly adopting disposable surgical devices because they eliminate the need for sterilization and reprocessing, reducing the potential for errors and infections.
MRFR recognizes the following companies as the key players in the global Disposable Surgical Devices market— B. Braun Melsungen AG; Smith & Nephew plc; Zimmer Biomet; Alcon Laboratories, Inc.; Aspen Surgical; Medtronic; Becton; Dickinson and Company; Ethicon; Cooper Surgical Inc.; Surgical Innovations.
Segment Analysis
The global disposable surgical devices market has been segmented based on product and application.
On the basis of product, the market is segmented into Surgical Sutures & Staplers, Handheld Surgical Devices and Electrosurgical Devices. The surgical sutures & staplers segment was attributed to holding the largest market share in 2022, as these are important to make sure that the tissues are properly sealed.
Based on application, the global Disposable Surgical Devices market has been segmented into Neurosurgery, Plastic & Reconstructive Surgery, Wound Closure, Obstetrics & Gynecology, Cardiovascular, Orthopaedic, General Surgery and Others. The general surgery segment was expected to hold the largest market share in 2022, as it encompasses a broad range of surgical processes.
Regional Analysis
The global Disposable Surgical Devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Disposable Surgical Devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Disposable Surgical Devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Disposable Surgical Devices market comprises of Middle East, Africa, and Latin America.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Disposable Surgical Devices Market Research Report
The largest market share for Disposable Surgical Devices was maintained by the North American regional sector. This increase is attributed to the presence of well-funded healthcare system, with a strong emphasis on patient safety and infection control, driving the demand for single-use devices that reduce the risk of healthcare-associated infections. Moreover, the strict regulatory standards and guidelines set by organizations like the FDA ensure the use of disposable surgical devices, further propelling market growth. Further, the region is home to numerous prominent medical device manufacturers, fostering innovation and competition in the disposable surgical device market and a large aging population in North America requires an increasing number of surgical procedures.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Disposable Surgical Devices is driven by stringent healthcare regulations and guidelines that prioritize patient safety and infection control. Additionally, the presence of a well-established healthcare infrastructure, a growing aging population, and a consistent demand for surgical procedures contribute to the sustained growth of the disposable surgical devices market in Europe.
Additionally, due to the the region's rapidly growing population and rising healthcare infrastructure investments result in an increased number of surgical procedures, bolstering the demand for disposable surgical devices, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Further, the heightened awareness of infection control and patient safety along with regulatory efforts to ensure compliance and ongoing economic development and expanding access to healthcare in many Asia-Pacific countries drive the need for modern medical equipment.
Furthermore, the rest of the world's Disposable Surgical Devices market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the increasing healthcare infrastructure development, rising surgical volumes, and growing awareness about infection control and patient safety in healthcare settings. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Disposable Surgical Devices market is expected to reach USD 11.1 billion by 2032, at a CAGR of 8.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing population and rising healthcare infrastructure investments, surging awareness of infection control and patient safety and ongoing economic development.
- Based on product, the surgical sutures and staplers segment was attributed to holding the largest market in 2022, with an approximate market share of 45–50%.
- Braun Melsungen AG; Smith & Nephew plc; Zimmer Biomet; Alcon Laboratories, Inc.; Aspen Surgical; Medtronic; Becton; Dickinson and Company; Ethicon; CooperSurgical Inc.; Surgical Innovations.
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Companies Covered | 15 |
Pages | 132 |
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