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Europe General Surgical Devices Market Size (2024 - 2029)

The European general surgical devices market is projected to experience growth during the forecast period, driven by advancements in minimally invasive surgery and technological innovations such as robotic and power-aided systems. The market's expansion is supported by increased sales, new product launches, and a rise in minimally invasive procedures, despite initial setbacks due to COVID-19. The demand for surgical devices is further bolstered by the growing number of surgical procedures across various specialties and the rising incidence of injuries. However, the market's growth is tempered by stringent government regulations and challenges related to reimbursement.

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Market Size of Europe General Surgical Devices Industry

Europe General Surgical Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.10 %
Market Concentration Low

Major Players

Europe General Surgical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe General Surgical Devices Market Analysis

The European general surgical devices market is expected to register a CAGR of nearly 6.1% during the forecast period.

COVID-19 impacted the European general surgical devices market during the initial phase as elective and general surgeries were delayed due to lockdowns. Over the previous two years, the market recovery has been led by increased surgical device sales, new product launches, and increased minimally invasive surgeries.

Modern technological innovations, such as minimally invasive surgery equipment and robotic and power-aided systems, are primarily propelling the surgical devices industry. Surgical equipment has wide applications in distinctive surgical techniques, like neurosurgery, plastic and reconstructive surgeries, wound closure, urology, obstetrics and gynecology, thoracic surgery, micro-vascular, cardiovascular, orthopedic surgery, laparoscopy, and others. Furthermore, per the WHO June 2021 update, the percentage of Caesarean sections by 2030 is likely to be 47% in Southern Europe. Additionally, as per the Eurostat 2022 update, most EU Member States have reported significant positive rates of change in recent years for keyhole surgery used to perform hysterectomies, appendectomies, and repairs of inguinal hernias. Furthermore, as per a study published in July 2021 by BMJ journal, musculoskeletal problems accounted for more than 25% of all surgical procedures performed in the United Kingdom by the NHS.

Moreover, according to the report from Brake, a road safety charity organization, 24,530 people were seriously injured in 2021 in the United Kingdom. Thus, with the increase in the number of injuries and accidents, the demand for surgical devices is expected to rise. This is anticipated to impact the growth of the market studied significantly.

Furthermore, rising demand for minimally invasive devices, technological advancements, and product launches are likely to improve the market growth. For instance, in February 2021, Cambridge-based medical device company CMR Surgical (CMR) launched Versius Robotic System in German hospitals. The robotics tool is likely to be used at Klinikum Chemnitz to aid in laparoscopic surgeries.

Hence, as per the factors mentioned above, the European general surgical devices market is expected to witness growth during the forecast period. However, stringent government regulations and poor reimbursement restrain the market growth.

Europe General Surgical Devices Industry Segmentation

As per the scope of the report, general surgical devices are tools or equipment used during a surgery or operation to conduct specified activities or achieve desired results, such as altering biological tissue or providing access for observing it. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. 

The European general surgical devices market is segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products), Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, and Other Applications) and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe). The report offers the value in USD million for the above segments.

By Product
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopaedic
Neurology
Other Applications
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe General Surgical Devices Market Size Summary

The European general surgical devices market is poised for significant growth, driven by advancements in technology and an increasing demand for minimally invasive surgical procedures. The market has shown resilience in the wake of the COVID-19 pandemic, with a recovery spurred by the rise in surgical device sales and new product launches. Technological innovations, such as robotic and power-aided systems, are enhancing the capabilities of surgical equipment, which finds applications across various surgical specialties including neurosurgery, urology, and cardiovascular surgery. The growing prevalence of injuries and accidents, alongside the rising number of surgeries, is further propelling the demand for surgical devices. However, the market faces challenges from stringent government regulations and reimbursement issues, which could potentially hinder its growth trajectory.

The handheld surgical devices segment is expected to experience robust growth, fueled by the increasing adoption of minimally invasive techniques that require smaller incisions and reduce surgical risks. Strategic initiatives by key players, including mergers and acquisitions, are likely to enhance market competition and expand product offerings. The United Kingdom is anticipated to hold a significant market share, supported by the country's focus on reducing waiting lists and increasing elective surgeries through the implementation of surgical hubs. The market landscape is characterized by the presence of numerous players, from large corporations to smaller firms, all vying to innovate and capture market share. Notable companies such as B. Braun Melsungen AG, Boston Scientific Corporation, and Johnson & Johnson are leading the charge in developing advanced surgical devices, contributing to the dynamic and fragmented nature of the European market.

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Europe General Surgical Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Minimally Invasive Devices

      2. 1.2.2 Growing Number of Surgeries, Injuries and Accidents

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Government Regulations and Poor Reimbursement

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Handheld Devices

      2. 2.1.2 Laproscopic Devices

      3. 2.1.3 Electro Surgical Devices

      4. 2.1.4 Wound Closure Devices

      5. 2.1.5 Trocars and Access Devices

      6. 2.1.6 Other Products

    2. 2.2 By Application

      1. 2.2.1 Gynecology and Urology

      2. 2.2.2 Cardiology

      3. 2.2.3 Orthopaedic

      4. 2.2.4 Neurology

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe General Surgical Devices Market Size FAQs

The Europe General Surgical Devices Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Boston Scientific Corporation, Johnson & Johnson, B. Braun Melsungen AG, Conmed Corporation and Medtronic are the major companies operating in the Europe General Surgical Devices Market.

Europe Surgical Equipment Market Report Snapshots

Europe General Surgical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)