Disposable Surgical Devices Market Size, Share & Trends Analysis Report 2021 - 2028
Disposable Surgical Devices Industry Overview
The global disposable surgical devices market size is expected to reach USD 9.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% from 2021 to 2028. 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 surgical sutures. 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.
Disposable Surgical Devices Market Segmentation
Grand View Research has segmented the global disposable surgical devices market based on product, application, and region:
Based on the Product Insights, the market is segmented into Surgical Sutures & Staplers, Handheld Surgical Devices, and Electrosurgical Devices.
- Surgical sutures and staplers held the largest share of 45.3% in 2020. Surgical suturesare 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.
- Electrosurgical devicesare 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.
Based on the Application Insights, the market is segmented into Neurosurgery, Plastic & Reconstructive Surgery, Wound Closure, Obstetrics & Gynecology, Cardiovascular, Orthopedic, General Surgery, and Others.
- 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 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.
Disposable Surgical Device Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
Key market players hold a significant share of the market due to their broad product portfolio. They are forming strategic alliances to expand their product portfolio. For instance, in November 2020, Aspen Surgical acquired Protek Medical Products, Inc. This acquisition will help Aspen in strengthening its product portfolio, which also includes disposable surgical devices. Some prominent players in the global disposable surgical devices market include:
- Braun Melsungen AG
- Smith & Nephew plc
- Aspen Surgical
- Alcon Laboratories, Inc.
- Zimmer Biomet
- Medtronic
- Becton, Dickinson and Company
- Ethicon
- CooperSurgical Inc.
- Surgical Innovations
Order a free sample PDF of the Disposable Surgical Devices Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
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