Market Overview:
The Disposable Surgical Devices Market size is expected to grow from USD 6.13 billion in 2022 to USD 11.83 billion by 2030, at a CAGR of 8.56 % during the forecast period.
A disposable device is any medical apparatus intended for one-time or temporary use. Medical and surgical device manufacturers around the globe produce many types of disposable devices to avoid contamination of diseases. 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 hospitals, clinics, and labs, there is a high risk of contracting an infection or a virus. Utilizing disposable medical equipment makes it easier to overcome the difficulties associated with sterilizing a tool used during surgery.
Top Key Players in Disposable Surgical Devices Market:
Aspen Surgical (Us), Medtronic (Ireland), Alcon Laboratories, Inc. (Switzerland), B. Braun Melsungen AG (Germany), CooperSurgical Inc. (Germany), Smith & Nephew plc (UK), Zimmer Biomet (Us), Surgical Innovations (UK), Becton, Dickinson, and Company (Us) and other major players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Disposable Surgical Devices Market:
Drivers:
Increasing Incidence of Hospital-Acquired Infections and Diseases
The increasing prevalence of hospital-acquired infections and diseases is a driving factor for the growth of the Disposable Surgical Devices Market. Hospital-acquired infections, also known as nosocomial infections, are infections that patients acquire during their stay in healthcare installations, including hospitals, conventions, and nursing homes. Disposable Surgical devices offer a practical and effective result to minimize the threat of cross-contamination during surgical procedures, contributing to bettered patient issues and infection control. As the focus on infection forestallment intensifies, the Disposable Surgical Devices Market is poised for substantial expansion and development.
Opportunities:
The development of advanced surgical equipment provides a significant growth opportunity for the Disposable Surgical Devices Market. As medical technology advances, there's a nonstop demand for sophisticated and innovative surgical tools and devices to ameliorate surgical issues and patient safety. These advancements produce a favorable environment for disposable surgical devices. Advanced surgical equipment frequently requires compatible and technical disposable devices to optimize its performance. As new surgical procedures and techniques emerge, there's a need for disposable surgical devices that round and enhance the capabilities of these advanced instruments.
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Segmentation Analysis of the Disposable Surgical Devices Market:
By Product, the Surgical Sutures & Staplers segment is expected to register a significant market share. Surgical sutures and staplers are widely used across various surgical specialties, including general surgery, orthopedics, gynecology, cardiovascular, and more.
By Application, General Surgery is likely to dominate in this area. General surgery covers a diverse range of procedures, such as appendectomy, cholecystectomy, hernia repair, and bowel resection, among others. Each procedure requires specific disposable surgical devices, including sutures, staplers, drapes, gowns, and gloves, contributing to the market's growth.
By Product
- Surgical Sutures & Staplers
- Electrosurgical Devices
- Others
By Application
- General Surgery
- Plastic
- Reconstructive Surgery
- Others
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Regional Analysis of the Disposable Surgical Devices Market:
The North American economy is characterized by increasing disposable income, ongoing funding for automation, significant investments in the Internet of Things, and an increasing focus on domestic AI equipment development by governments.
The region has a thriving artificial intelligence market and a leading industrial automation sector. The population's increased purchasing power, ongoing increases in automation, large investments in the IoT, and increasing government attention on domestic AI equipment production are all characteristics of North America.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In November 2020, Surgical disposable products maker Aspen Surgical Products acquired Iowa-based Protek Medical Products for an undisclosed amount. The acquisition of Protek strengthens Aspen’s broad portfolio of medical and patient & staff safety products sold into hospital and surgery center markets.
In September 2020, Ambu A/S and Boston Scientific improved technology to make single-use scopes as effective as reusable scopes without carrying the price tag or risk of infection traditional scopes require.
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