Disposable Surgical Devices Market to Grow with a CAGR of 7.94% through 2029
Advancements in technology and disposable surgical
devices are expected to drive the Global Disposable Surgical Devices Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “Disposable
Surgical Devices Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Disposable Surgical Devices
Market stood at USD 5.34 billion in 2023 and is anticipated to grow with a CAGR
of 7.94% in the forecast period, 2025-2029. This can be attributed to convenience
and time savings. Disposable surgical devices offer the advantage of
convenience and time savings. Healthcare professionals can use these
instruments straight out of the packaging, saving time on cleaning and
sterilization processes. This efficiency is particularly valuable in emergency
and critical care situations. Furthermore, the healthcare industry is marked by
stringent regulatory requirements. Upcoming trends in the disposable surgical
devices market include a focus on strict compliance with evolving standards for
patient safety, infection control, and quality assurance. Manufacturers will
need to adapt to these changing requirements to maintain a competitive edge.
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The increasing number of surgical procedures is also
expected to be a significant driving force for the overall market. In January
2023, the International Society of Aesthetic Plastic Surgery (ISAPS) unveiled
its annual report, forecasting a 19.3% rise in plastic surgery procedures in
2021, with more than 12.8 million surgical and 17.5 million non-surgical
procedures conducted worldwide. These statistics underscore the sustained
demand for plastic surgeries in the years ahead. Consequently, the utilization of
disposable surgical devices is poised for growth during the forecast period. Sterilization
plays a pivotal role in the healthcare sector. The likelihood of infection or
virus transmission is relatively high in medical settings such as clinics,
hospitals, and laboratories. The use of disposable medical devices helps
address the challenges associated with sterilizing devices used in medical
procedures. Patients must visit medical facilities, such as hospitals, for
surgical procedures. Furthermore, the COVID-19 pandemic had a detrimental
impact on patient visits to these healthcare settings, impeding the adoption of
surgical procedures. Nevertheless, it is anticipated that the number of
surgical procedures will gradually increase over the forecast period. During
the pandemic, a significant portion of the population favored disposable devices
for treatment and usage to minimize the risk of virus transmission. Therefore,
the growing awareness of health, increased hospital visits, and longer hospital
stays are expected to fuel market growth during the forecast period.
Despite the numerous advantages associated with
disposable devices and the growing demand for these products, there are certain
factors that may impede market expansion. Surgical sutures and staplers are
primarily employed for wound closure procedures. However, these devices can
cause discomfort and necessitate frequent visits to hospitals or clinics for
removal. Moreover, they may lead to infections and tissue inflammation,
adversely affecting their adoption. To avoid infection and discomfort, individuals
seeking wound closure surgeries often prefer less invasive or non-invasive
alternatives, such as adhesives and sealants. The availability of these less or
non-invasive alternatives for disposable surgical devices has the potential to
hinder market growth during the forecast period. The Global Disposable Surgical Devices Market is
segmented into product, application, regional distribution, and company. Based on its product, surgical sutures and staplers
claimed the largest market share in 2022. Surgical sutures refer to threads
used post-surgery or in injury treatment to close incisions or mend cuts. On
the other hand, surgical staplers, which are more precise than sutures, are
also employed for wound closure, with the added advantage of a quicker stapling
process. Furthermore, staples are associated with a lower risk of infection
compared to sutures. Although sutures represent the traditional method for
wound closure, they present a comparatively lower risk of wound reopening
compared to staples. Notably, the increasing development of disposable sutures
and staplers by various market players is poised to drive growth in this
segment. As an illustration, in June 2022, Ethicon, Inc., a subsidiary of
Johnson & Johnson, introduced the ECHELON 3000 Stapler in the United
States, offering digitally enabled articulation for surgeons. With a 39%
greater jaw aperture and a 27% expanded articulation span, it delivers enhanced
control and real-time audible feedback, facilitating critical adjustments during
procedures.
Looking ahead, electrosurgical devices are anticipated
to experience the swiftest growth during the forecast period. Electrosurgical
instruments enable surgeries to be performed in ambulatory surgical centers
(ASCs) or clinics, eliminating the need for hospital settings. Outpatient
settings typically entail short-duration surgeries, resulting in reduced
surgical costs. Among all surgical instruments, electrosurgical products are
currently witnessing substantial growth, with bipolar electrosurgical instruments
proving highly valuable in minimally invasive endoscopic surgeries, propelling
the growth of this segment. In June 2023, Olympus Corporation unveiled its
latest electrosurgical generator, the ESG-410, designed for the treatment of
bladder cancer and enlarged prostate. This device offers efficient treatment
options for resection loops, band electrodes, and vaporization buttons and
needles.
Based on application, the field of general surgery
took the lead in terms of market share in 2022. The expansion of this sector is
primarily fueled by the rising incidence of chronic illnesses such as cancer,
diabetes, and cardiovascular disorders, which necessitate surgical interventions.
Furthermore, the growing preference for minimally invasive procedures, known
for their lower infection and complication rates, is boosting the adoption of
disposable surgical devices within the domain of general surgery.
Looking ahead, the plastic and reconstructive surgery
segment is projected to experience the most rapid growth in the foreseeable
future. According to data from the American Society of Plastic Surgeons, in
2020, there were 2.3 million cosmetic surgical procedures and 13.2 million
minimally-invasive cosmetic procedures performed in the United States. A
significant portion of minimally-invasive surgeries involves the utilization of
disposable surgical instruments, which is anticipated to be a key driver of market
growth.
Major companies operating in Global Disposable
Surgical Devices Market are:
- B Braun SE
- Smith & Nephew PLC
- Aspen Surgical Products Inc
- Alcon Laboratories Inc
- Zimmer Biomet Holdings Inc
- Medtronic PLC
- Ethicon Inc
- CooperSurgical Inc
- Surgical Innovations Corp
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“The global disposable surgical devices market is
poised for continued growth and innovation. As healthcare technology advances
and patient needs evolve, disposable surgical devices will play a pivotal role
in delivering safer, more efficient, and customized care. With trends such as
minimally invasive procedures, sustainability, customization, and the
integration of advanced technology, the future of healthcare is promising, and
disposable surgical devices are set to be at the forefront of these advancements.
Manufacturers, healthcare providers, and regulatory bodies will need to adapt
and collaborate to ensure that these trends lead to better outcomes for
patients worldwide,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Disposable Surgical Devices Market By Product
(Surgical sutures & staplers, Handheld surgical devices, Electrosurgical
devices), By Application (Neurosurgery, Plastic & reconstructive surgery,
Wound closure, Obstetrics & gynecology, Cardiovascular, Orthopedic, General
surgery, Others), By Region, By
Competition Forecast & Opportunities, 2019-2029F”, has evaluated
the future growth potential of Global Disposable Surgical Devices Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Disposable Surgical Devices Market.
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