Market Size of United Kingdom General Surgical Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 5.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United Kingdom General Surgical Devices Market Analysis
The United Kingdom General Surgical Devices Market is expected to register a CAGR of 5.5% during the forecast period.
The UK general surgical devices market is anticipated to experience significant growth during the forecast period owing to the rising demand for minimally invasive devices in surgical procedures and the increasing prevalence of chronic diseases and accidents leading to surgical interventions.
For instance, data published by the UK’s Department of Transport as of June 2023 showed that 133.4 thousand road accident casualties of all severities were reported in Great Britain. Since serious injuries require surgeries, the demand for general surgical devices is expected to increase, boosting market growth. Thus, with increased injuries and accidents, the demand for surgical devices is expected to rise, which should positively impact the market studied over the forecast period.
Furthermore, the greater the number of surgical procedures, the more surgical devices are expected to be needed, which will likely drive market growth in the country. For instance, according to data published by the Office for Health Improvement & Disparities in September 2023, over 409 thousand admissions were reported in hospitals for cataract surgery in England in 2022. These surgeries utilized various general surgical equipment, boosting the market's growth over the study period.
Moreover, the establishment of new surgical facilities in the United Kingdom is expected to increase the usage of general surgical devices, which is likely to boost market growth. For instance, in October 2023, CMR Surgical, a company in the surgical robotics business, opened its new surgical robotics manufacturing facility in Cambridgeshire, United Kingdom. Hence, the latest surgical robotics facilities use general surgical devices, which are expected to boost market growth over the forecast period.
Therefore, the high number of accidents and surgical procedures raises the demand for general surgical devices and is likely to boost the market's growth in the country. However, stringent government regulations are expected to constrain the UK general surgical devices market during the forecast period.
United Kingdom General Surgical Devices Industry Segmentation
As per the scope of the report, surgical devices serve a specific purpose during surgery. They are specifically designed tools that are clinically and accurately manufactured to help surgeons perform surgeries. Typically, surgical devices have generic uses, while some specific tools are designed for specific procedures or surgeries.
The UK general surgical devices market is segmented by product, application, and end user. By product, the market is segmented into handheld devices, laparoscopic devices, electro-surgical devices, wound closure devices, trocars and access devices, and other products. The other products segment includes suction devices, holders, and others. By application, the market is segmented into gynecology & urology, cardiology, orthopedics, neurology, and other applications. The other applications segment includes ophthalmology, gastrointestinal, and other fields. By end user, the market is segmented into hospitals, ambulatory surgical centers, and other end users. The other end users segment includes clinics, specialty care centers, and others. The report offers the market sizes and forecasts in value (USD) 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 |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Other End Users |
United Kingdom General Surgical Devices Market Size Summary
The United Kingdom general surgical devices market is poised for substantial growth, driven by the increasing demand for minimally invasive procedures and the rising prevalence of chronic diseases and injuries. The market experienced a setback during the COVID-19 pandemic due to the suspension of surgical services, but it is expected to recover as elective surgeries resume and the incidence of chronic conditions and accidents rises. The demand for surgical devices is further bolstered by the growing number of outpatient surgeries and advancements in handheld surgical devices, such as robotic systems, which enhance surgical precision and efficiency. Despite the positive growth trajectory, the market faces challenges from stringent government regulations that may impede its expansion.
The cardiology segment is anticipated to hold a significant share of the market, fueled by the high prevalence of cardiovascular diseases and ongoing technological advancements in medical devices. The increasing number of cardiac surgeries and government investments in cardiology research and treatments are expected to drive market growth. The market is characterized by fragmentation, with numerous medium and small players, alongside key industry participants like B. Braun SE, Medtronic, and Johnson & Johnson Services, Inc. Recent innovations, such as the launch of new surgical devices and systems, underscore the dynamic nature of the market, positioning it for continued expansion over the forecast period.
United Kingdom General Surgical Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Minimally Invasive Devices
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1.2.2 Increasing Prevalence of Chronic Diseases and Accidents
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1.3 Market Restraints
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1.3.1 Stringent Government Regulations
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product
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2.1.1 Handheld Devices
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2.1.2 Laproscopic Devices
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2.1.3 Electro-surgical Devices
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2.1.4 Wound Closure Devices
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2.1.5 Trocars and Access Devices
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2.1.6 Other Products
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2.2 By Application
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2.2.1 Gynecology and Urology
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2.2.2 Cardiology
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2.2.3 Orthopaedic
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2.2.4 Neurology
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2.2.5 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Ambulatory Surgical Centers
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2.3.3 Other End Users
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United Kingdom General Surgical Devices Market Size FAQs
What is the current United Kingdom General Surgical Devices Market size?
The United Kingdom General Surgical Devices Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in United Kingdom General Surgical Devices Market?
B. Braun SE, Medtronic, Stryker, Boston Scientific Corporation and Johnson & Johnson Services, Inc. are the major companies operating in the United Kingdom General Surgical Devices Market.