Forthcoming Surgeons Global Market Value

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Report Overview

The global general surgery devices market size was valued at USD 14.75 billion in 2021 and is expected to grow at a CAGR of 8.29% from 2022 to 2030. Increasing awareness levels among patients and high incidence of cardiac diseases, gastrointestinal diseases, and the prevalence of osteoporosis would increase the number of surgeries performed during the forecast period. Adding to that, technological development and the adoption of advanced surgeries by emerging countries are likely to drive the industry. The robotic and computer-assisted sector has been in its infancy and is steadily gaining traction. Presently, robotics has applications in various general surgeries, such as cholecystectomy, fundoplication, and Heller Myotomy.

 

Furthermore, increasing acceptance of minimally invasive and robotic & computer-assisted surgery is likely to drive the industry. For instance, around 310 million major surgeries are carried out every year throughout the world, according to the article "Trauma of Major Surgery" published in the National Center for Biotechnology Information (NCBI) in July 2020. Almost 30 million kids and teenagers participate in youth sports nationwide each year, according to Weinstein Legal research that was released in March 2020. This may result in surgical emergencies, which will further increase the demand for general surgery devices.

Health disorders affecting the worldwide population are transitioning from conditions brought on by infections and plagues to diseases related to lifestyle, as a result of industrialization and significant lifestyle changes. In developed, developing, and less developed countries, the condition has contributed to a marked increase in health conditions, such as cardiovascular diseases, cancers, cerebrovascular diseases, and bone abnormalities. With an increased number of vehicles and other highly advanced gadgets on the road, the number of casualties caused by accidents has also increased. These trends are anticipated to continue, resulting in a sharp increase in demand for general surgeries in the near future.