Spain General Surgical Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain General Surgical Devices Market Analysis
The Spanish general surgical devices market is expected to register a CAGR of 5.4% over the forecast period.
- The general surgery market in Spain was initially negatively impacted by the risk of infections, massive lockdowns, and the temporary delays or cancellations of elective procedures. The volume of surgeries significantly declined during the pandemic as regulatory authorities in Spain implemented stringent guidelines to avoid all non-emergent surgeries.
- According to an article published in the Journal Cancer in June 2021, titled "Effect of COVID-19 on Thoracic Oncology Surgery in Spain: A Spanish Thoracic Surgery Society (SECT) Survey," there was a decrease in the volume of surgeries, with over 95.7% of surgeries decreasing in Spain. The study also highlighted that only 41.5% of centers were performing surgery on oncological patients, while over 11.7% of centers performed only in emergencies. Another study published in the Journal of Clinical Obesity in June 2021 reported that over 97% of bariatric procedures were canceled during the COVID-19 pandemic.
- However, with the resumption of elective and non-urgent surgeries, the general surgical devices market in Spain is expected to grow at a stable pace during the forecast period. The healthcare bodies of the country are gradually resuming such procedures amid and after the pandemic, with measures in place to clear the backlog of surgeries from the past two years. For instance, in January 2023, the Health Ministry of Spain announced a budget of EUR 7 million (USD 8.6 million) to assist private clinics in performing surgery on patients referred from Spain's Costa Blanca Alicante province hospital.
- The market for general surgical devices in Spain has also increased due to increasing injuries, accidents, and growing demand for minimally invasive devices. Spain experiences a surge of thousands of medical tourists annually, contributing to increased hospitalization rates and hospital stays, which is anticipated to drive market growth. Additionally, Spain's senior population increase is expected to drive the demand for general surgical devices, as they are prone to chronic diseases and require surgical care.
- Furthermore, the prevalence of various cardiac disorders, such as coronary heart disease, stroke, and heart failure, is expected to drive the demand for general surgical devices, thereby contributing to the market's growth. Technological advancements have also improved surgical devices, making them more effective and minimally invasive.
- The COVID-19 pandemic significantly impacted the market's growth during the lockdown period, with a significant reduction in surgeries, as reported in an NIH article published in July 2021. However, with the relaxation of lockdown restrictions after the pandemic, there is an increased demand for general surgical devices due to postponed surgeries.
Spain General Surgical Devices Market Trends
Orthopedics is Expected to Register High Growth During the Forecast Period
- Orthopedic surgery, also known as orthopedics, is a medical specialty concerned with diagnosing, treating, and preventing musculoskeletal system disorders. This includes injuries, diseases, tumors, and congenital disorders that affect bones, joints, muscles, tendons, ligaments, and nerves. Orthopedic surgery aims to restore function, reduce pain, and improve the quality of life for patients.
- In Spain, the increase in orthopedic complications among the population is expected to drive the demand for general surgical devices, contributing to the market's growth over the forecast period. This is due to the rise in road accidents, which have led to a higher demand for surgical operations. According to data from the World Bank, the percentage of deaths caused by injury in Spain increased from 3.62% to 4% in 2021.
- In 2021, the Minister of the Interior of the Spanish government reported over 921 fatal accidents on roads, resulting in the loss of over 1,004 lives, and over 3,728 people suffered serious injuries. These emergency procedures led to an increase in surgical operations, which in turn boosted the growth of the surgical devices market.
- Additionally, according to data updated by the Organization for Economic Cooperation and Development (OECD) in July, the number of people injured per million population in Spain was 1996.8. This number is expected to rise further by the end of the year. As a result, there is an anticipated increase in demand for general surgical devices, which will drive the growth of the surgical devices market. More hospital admissions due to injuries will lead to an increase in surgical procedures, contributing to the growth of the market.
Neurology is Expected to hold a Notable Share in the Market Over the Forecast Period
- Neurological disabilities encompass a range of disorders, including epilepsy, learning disabilities, neuromuscular disorders, autism, brain tumors, and cerebral palsy. The high prevalence of neurological disorders and the increasing demand for neurology surgical devices are expected to be critical factors driving market growth over the forecast period.
- For instance, a ScienceDirect article published in February 2021 revealed that the prevalence of Alzheimer's disease among Spanish patients over the age of 65 ranged from 4% to 9%. Additionally, the report indicated that dementia and Alzheimer's disease are more prevalent in women across almost every age group.
- Another National Center for Biotechnology Information (NCBI) article published in July 2022 revealed that 30.7% of patients had generalized tonic-clonic seizures, 26.9% experienced status epilepticus, 30.7% experienced focal impaired-awareness seizures, and 11.7% had secondarily generalized seizures. The high prevalence of various neurological disorders among the Spanish population is expected to fuel demand for effective surgical devices, contributing to the growth of the studied market segment.
Spain General Surgical Devices Industry Overview
The market is moderately consolidated and consists of a few major market players. Some of the major players in the market are B. Braun Melsungen AG, Boston Scientific Corporation, Cadence Inc., Conmed Corporation, and Johnson & Johnson.
Spain General Surgical Devices Market Leaders
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B. Braun Melsungen AG
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Boston Scientific Corporation
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Johnson & Johnson
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Medtronic PLC
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CONMED Corporation
*Disclaimer: Major Players sorted in no particular order
Spain General Surgical Devices Market News
- August 2022: New Da Vinci robotic surgical unit was launched by the Valencia region Public Hospitals in Spain after an investment of USD 9.67 million (EUR 9 million). The robotic surgery units would offer improved and faster surgery services to the patients.
- February 2022: Boston Scientific Corporation announced it acquired Baylis Medical Company Inc., which offers advanced transseptal access solutions and guidewires, sheaths, and dilators to support catheter-based left-heart procedures.
- January 2022: Medtronic PLC announced it would acquire cardiac mapping and ablation technology developer Affero. The company expects the transaction to close in the first half of its next fiscal year.
Spain General Surgical Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Surgeries
4.2.2 High Rate of Injuries and Accidents
4.3 Market Restraints
4.3.1 Improper Reimbursement Issues
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopedic
5.2.4 Neurology
5.2.5 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.3 Boston Scientific Corporation
6.1.4 Olympus Corporation
6.1.5 Conmed Corporation
6.1.6 Johnson & Johnson
6.1.7 Smith & Nephew PLC
6.1.8 Medtronic PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain General Surgical Devices Industry Segmentation
As per the scope of this report, surgical instruments are specifically designed tools that are clinically and accurately produced to help surgeons perform surgeries.
The Spanish general surgical devices market is segmented by product (handheld devices, laparoscopic devices, electro-surgical devices, wound closure devices, and other products) and application (gynecology and urology, cardiology, orthopedic, neurology, and other applications).
The report offers the value (USD million) for the above segments.
| By Product | |
| Handheld Devices | |
| Laproscopic Devices | |
| Electro Surgical Devices | |
| Wound Closure Devices | |
| Other Products |
| By Application | |
| Gynecology and Urology | |
| Cardiology | |
| Orthopedic | |
| Neurology | |
| Other Applications |
Spain General Surgical Devices Market Research FAQs
What is the current Spain General Surgical Devices Market size?
The Spain General Surgical Devices Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Spain General Surgical Devices Market?
B. Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson, Medtronic PLC and CONMED Corporation are the major companies operating in the Spain General Surgical Devices Market.
What years does this Spain General Surgical Devices Market cover?
The report covers the Spain General Surgical Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain General Surgical Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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