The Global Disposable Surgical Devices Market is a dynamic sector within the healthcare industry, driven by various factors such as convenience, time savings, increasing surgical procedures, and evolving regulatory standards. According to the latest TechSci Research report titled “Disposable Surgical Devices Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the market stood at USD 5.34 billion in 2022 and is anticipated to grow with a CAGR of 7.94% during the forecast period of 2024-2028. This growth is attributed to the advantages offered by disposable surgical devices, the increasing number of surgical procedures, and the focus on patient safety and infection control.
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Convenience and Time Savings
Disposable surgical devices offer the advantage of convenience and time savings for healthcare professionals. These instruments can be used straight out of the packaging, saving time on cleaning and sterilization processes. This efficiency is particularly valuable in emergency and critical care situations where every second counts. Furthermore, manufacturers in the disposable surgical devices market are focusing on strict compliance with evolving standards for patient safety, infection control, and quality assurance to maintain a competitive edge.
Increasing Number of Surgical Procedures
The increasing number of surgical procedures is expected to be a significant driving force for the overall market. The International Society of Aesthetic Plastic Surgery (ISAPS) reported a 19.3% rise in plastic surgery procedures in 2021, with more than 12.8 million surgical and 17.5 million non-surgical procedures conducted worldwide. This sustained demand for surgical procedures is expected to drive the utilization of disposable surgical devices in the coming years.
Sterilization Challenges and COVID-19 Impact
Sterilization plays a pivotal role in the healthcare sector, but the challenges associated with sterilizing devices used in medical procedures are significant. The use of disposable medical devices helps address these challenges, especially in medical settings such as clinics, hospitals, and laboratories where the likelihood of infection or virus transmission is relatively high. Additionally, the COVID-19 pandemic had a detrimental impact on patient visits to healthcare settings, hindering the adoption of surgical procedures. However, it is anticipated that the number of surgical procedures will gradually increase over the forecast period, driving market growth.
Challenges and Opportunities
Despite the numerous advantages associated with disposable devices and the growing demand for these products, there are certain factors that may impede market expansion. Surgical sutures and staplers, primarily employed for wound closure procedures, can cause discomfort and necessitate frequent visits to hospitals or clinics for removal, potentially leading to infections and tissue inflammation. To avoid these issues, individuals seeking wound closure surgeries often prefer less invasive or non-invasive alternatives, such as adhesives and sealants. The availability of these alternatives has the potential to hinder market growth. However, the market presents significant opportunities for manufacturers to innovate and develop advanced disposable surgical devices that address these challenges.
Segmentation of the Global Disposable Surgical Devices Market
The Global Disposable Surgical Devices Market is segmented based on product, application, regional distribution, and company. Some key insights from the report include:
- Product Segmentation: Surgical sutures and staplers claimed the largest market share in 2022. While surgical sutures represent the traditional method for wound closure, surgical staplers offer a quicker and more precise stapling process with a lower risk of infection.
- Application Segmentation: The field of general surgery took the lead in terms of market share in 2022. This expansion is primarily fueled by the rising incidence of chronic illnesses necessitating surgical interventions and the growing preference for minimally invasive procedures known for their lower infection and complication rates.
Competitive Analysis
The competitive landscape of the global disposable surgical devices market is characterized by the presence of several key players striving to gain a competitive edge through various strategies such as:
- Product Innovation: Manufacturers are focusing on developing advanced disposable surgical devices that address sterilization challenges, minimize discomfort for patients, and offer improved performance for healthcare professionals.
- Geographical Expansion: Companies are expanding their geographical presence to tap into emerging markets and cater to the growing demand for disposable surgical devices worldwide.
- Strategic Partnerships: Collaboration and partnerships with healthcare institutions, research organizations, and regulatory bodies are helping companies stay abreast of evolving standards and regulations in the healthcare industry.
The global disposable surgical devices market is witnessing significant growth and expansion driven by factors such as convenience, time savings, increasing surgical procedures, and evolving regulatory standards. Despite challenges such as sterilization issues and the availability of less invasive alternatives, the market presents significant opportunities for manufacturers to innovate and develop advanced disposable surgical devices. With a focus on patient safety, infection control, and quality assurance, the market is expected to continue its upward trajectory in the forecast period.
Major companies operating in Global Disposable Surgical Devices Market are:
- B Braun SE
- Smith & Nephew PLC
- Aspen Surgical Products Inc
- Alcon Laboratories Inc
- Zimmer Biomet Holdings Inc
- Medtronic PLC
- Ethicon Inc
- CooperSurgical Inc
- Surgical Innovations Corp
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“The global disposable surgical devices market is poised for continued growth and innovation. As healthcare technology advances and patient needs evolve, disposable surgical devices will play a pivotal role in delivering safer, more efficient, and customized care. With trends such as minimally invasive procedures, sustainability, customization, and the integration of advanced technology, the future of healthcare is promising, and disposable surgical devices are set to be at the forefront of these advancements. Manufacturers, healthcare providers, and regulatory bodies will need to adapt and collaborate to ensure that these trends lead to better outcomes for patients worldwide,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Disposable Surgical Devices Market By Product (Surgical sutures & staplers, Handheld surgical devices, Electrosurgical devices), By Application (Neurosurgery, Plastic & reconstructive surgery, Wound closure, Obstetrics & gynecology, Cardiovascular, Orthopedic, General surgery, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Disposable Surgical Devices Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Disposable Surgical Devices Market.
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