North America General Surgical Devices Market Size (2024 - 2029)

North America General Surgical Devices Market Analysis

The North America General Surgical Devices Market is expected to register a CAGR of 6.1% during the forecast period.

The COVID-19 pandemic adversely affected market growth. The impact was majorly associated with the restrictions on non-emergency surgical procedures during the pandemic. For instance, from the data from PubMed published in October 2021, it was observed that there has been a 42.8% decline in general surgery admission in North American countries such as the United States and Canada. Thus the general surgical devices market has been significantly impacted by COVID-19. However, currently, with the regularization of all the restrictions, the surgical procedure volume has reached pre-pandemic level which is fueling the market growth.

The key factors propelling the market growth in North America include rising demand for minimally invasive surgeries and growing accidents and injuries across the region. As per the American Academy of Orthopedic Surgeons (AAOS) Annual Report 2021, more than 2 million primary and revision hip and knee arthroplasty procedures were performed in the last decade. Primary knee (54.5%) and primary hip (38.6%) procedures made up most of the orthopedic surgeries in the country during the period. In addition, as per the American Joint Replacement Registry (AJRR) 2021, there were around 105,743 hip arthroplasty procedures for femoral neck fractures in the United States. Henceforth, the rising number of orthopedic surgical procedures is anticipated to support the market's growth in the United States.

Additionally, the data updated by Cedars-Sinai in January 2022 shows that coronary artery bypass graft surgery (CABG), also known as coronary artery bypass, or bypass surgery, is the most common heart surgery, and more than 300,000 people have successful bypass surgery in the United States each year. Further, the CDC data published in July 2022 indicated that coronary heart disease is the most common type of heart disease. Approximately 20.1 million adults of age 20 and older have the disease in the United States. As per the CDC data, every 40 seconds, someone suffers from a heart attack, and nearly 805,000 people in the United States have a heart attack every year. Thus, the high burden of cardiovascular diseases is expected to create demand for heart surgeries, further demanding the availability of surgical drills in healthcare settings. Hence, the increasing number of heart surgeries is predicted to fuel the market's growth during the forecast period in the country.

However, stringent government regulations and improper reimbursement for medical devices are some of the factors that are expected to restrain the market growth in the long run.

North America General Surgical Devices Industry Segmentation

As per the scope of the report, surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The North America 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, Orthopedic, Neurology, Other Applications) and Geography (United States, Canada, Mexico). The report offers the value (in USD million) for the above segments.