Disposable Surgical Devices Market Size, Share, Emerging Trends, Analysis and Forecasts 2023-2029 – Report By Introspective Market Research

PRESS RELEASE
Published February 8, 2023

Market Overview:

Disposable Surgical Devices Market Is Expected to Grow at A Significant Growth Rate, And the Analysis Period Is 2022-2028, Considering the Base Year As 2021.

A disposable device is any medical apparatus intended for one-time or temporary use. Medical and surgical device manufacturers worldwide produce many types of disposable devices. Disposable surgical devices an item that has only been used once during the surgical procedure to avoid spreading infectious pathogens to more patients. An essential part of the healthcare sector is sterilization. In medical settings like clinics, hospitals, and labs, there is a high risk of contracting an infection or a virus.  Additionally, it is projected that the growing elderly population will fuel the expansion of the market for medical disposables. increasing government initiatives for the usage of disposable surgical devices to avoid hospital-associated infections are expected to boost the usage of single-use devices during the forecast period. The growing number of surgical procedures is expected to increase the need for disposable surgical devices.

The Report Will Include A Major Chapter

  • Patent Analysis
  • Regulatory Framework
  • Technology Roadmap
  • BCG Matrix
  • Heat Map Analysis
  • Price Trend Analysis

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Market Dynamics and Factors:

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 need for disposable hospital supplies like syringes, needles, masks, drapes, and gowns is being driven by hospitals’ increasing emphasis on prevention management to meet regulatory standards. This, in turn, will fuel the market growth during the forecast period.

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. Manufacturing companies can save their distribution expenses by utilizing online branding and marketing strategies. These e-commerce platforms assist merchants in easily expanding their global customer base.

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Top Key Players Covered In The Disposable Surgical Devices Market:

  • Aspen Surgical (Us)
  • Medtronic (Ireland)
  • Alcon Laboratories, Inc. (Switzerland)
  • Braun Melsungen AG (Germany)
  • CooperSurgical Inc. (Germany)
  • Smith & Nephew plc (UK)
  • Zimmer Biomet (Us)
  • Surgical Innovations (UK)
  • Becton, Dickinson, and Company (Us)
  • Ethicon (US) and other major players.

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Disposable Surgical Devices Market Report Highlight:

  • By product, surgical sutures and staplers’ segment is expected dominate market owing to the increasing road accidents, leading to the adoption of wound closure surgeries. Electrosurgical devices are expected to witness the fastest growth over the forecast period due to the growing usage of disposable electrosurgical devices in outpatient settings, such as ambulatory surgical canters.
  • By application, General surgery is expected dominate the largest share owing to the growing demand for general surgeries to avoid the transmission of infection, which is increasing the need for disposable surgical devices.
  • North America region is anticipated to hold maximum market share over the forecast period. The rising number of surgeries owing to the incidence of chronic diseases, such as cardiovascular and neurological diseases, cancer, and other diseases. In addition, an increase in the number of surgical procedures due to accidents, burns, and trauma cases is one of the major factors driving the surgical instruments market in the region. For instance, there are about 500,000 open heart surgeries performed each year and it is a leading cause of death for men and women in the United States.

Key Industry Development:

In October 2022, Aspen Surgical Products, Inc. (“Aspen”), a portfolio company of Audax Private Equity (“Audax”) and a leader in disposable surgical products, announced the acquisition of Symmetry Surgical (“Symmetry”) from RoundTable Healthcare Partners. Symmetry represents Aspen’s 15th acquisition in total and sixth since Audax’ initial investment in Aspen in 2019. Financial terms of the transaction were not disclosed.

In December 2020, Zimmer Biomet announced an acquisition with A&E Medical Corporation. Zimmer Biomet has acquired A&E Medical and its complete portfolio of sternal closure devices – including sterna sutures, cable systems, and rigid fixation – along with a range of single-use complimentary temporary pacing wire and surgical punch products.

Disposable Surgical Devices Market Segmentation:

By Product

  • Surgical Sutures & Staplers
  • Electrosurgical Devices
  • Others

By Application

  • General Surgery
  • Plastic
  • Reconstructive Surgery
  • Others

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For this report, Introspective Market Research has segmented the Disposable Surgical Devices Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Scope of the Report:

The latest research on the Disposable Surgical Devices market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Disposable Surgical Devices industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Disposable Surgical Devices market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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