Europe General Surgical Devices Industry Players Johnsons and Johnsons, Smith & Nephew PLC, Zimmer Holdings Inc, Boston Scientific Corporation, B. Braun Melsungen AG and Others
In the year 2018, Europe General Surgical Devices Market was valued at USD 3.87 Billion. By the year 2023, it is expected to reach USD 6.18 Billion at the pace of 10.0% CAGR.
Surgical devices are instruments which are used to perform a different kind of surgeries depending upon the complexity of the surgery like open, minimally invasive surgery and other surgeries. These devices are used in operating orthopaedics, obstetrics, gynaecology, cardiovascular, urology and neurology. Surgical devices help to operate surgeries like wound closure, plastic and reconstructive surgeries. Surgical devices are widely used in hospital, diagnostic centres, dental clinics and other healthcare services.
The growth for General Surgical Devices Market is driven due to factors like increasing geriatric population, growing awareness about minimally invasive surgical procedures among people, rising prevalence of chronic diseases, increasing number of injuries and accidents and rising healthcare expenditure. In addition, increasing aging population, advancement of technologies, introduction of advanced surgeries like robotic surgeries, and increasing investments by private hospitals are expected to drive the market growth. However, unfavorable reimbursement policies, stringent government policies for surgical equipment are expected to hinder the growth rate for Europe General Surgical Devices Market during the forecast period.
Based on geography the Europe General Surgical Devices Market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe holds the second largest market share for General Surgical Devices Market due to new technologies, favorable regulatory framework, growing aging population, and increasing disposable incomes are the driving factors in this region.
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Leading companies for Europe General Surgical Devices Market are Medtronic Plc., Stryker Corporation, Johnsons And Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew PLC, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, KLS Martin Group, Olympus Corporation, Applied Medical Resources Corporation, Microline Surgicals, Inc., Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, and Teleflex Incorporated.
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Name: Mr. Abhishek Shukla
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