The major factors contributing to the growth of the general surgical devices market include rising minimally invasive surgical procedures and technological advancements in the devices. Over the past decade, medical advancements, such as robotics and non-invasive surgery, have changed procedures in the operating room. Surgery in the past was not possible without the presence of a doctor to manually incise the patient’s skin. Over the years, the technology has developed further and recent medical advancements are even less invasive. The demand for minimally invasive surgery is increasing at a very high rate due to several factors that include a higher accuracy rate with relatively reduced pain and fewer infections. Thus, owing to the benefits associated with these surgeries, the adoption rate is increasing, which may drive the overall growth of the market.
Key Market Trends
Handheld Devices Segment is Expected to Show Better Growth over the Forecast Period
Based on product, the market is segmented into handheld devices, laparoscopic devices, electrosurgical devices, wound closure devices, trocars and access devices, and other products. Handheld devices are expected to register high growth, as they are widely used in surgical procedures. The number of minimally invasive surgical procedures is rising each year, and this is helping the market to grow. Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic handheld surgical device for laparoscopic interventions, enhances a surgeon’s dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety. Furthermore, the growing aging population and rising chronic diseases are accelerating the demand for advanced treatment approaches and are expected to witness rapid growth over the forecast period.
The market studied is moderately competitive and there are several global players that are operating in Brazil. The major players in the Brazilian general surgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson, Getinge AB, Medtronic PLC, Olympus Corporation, and Stryker Corporation.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support