The global general surgery devices market size was valued at around USD 12 billion and is expected to grow at CAGR of 8.5% over the forecast period. The general surgery market is driven due to the technological advancement and increased number of surgical procedures adopted by the emerging countries. The robotic and computer-assisted sector has been in its infancy and is steadily gaining traction.
The global neurosurgery market is categorized based on product type which includes neurostimulation services, neuro-interventional devices, cerebral spinal fluid management devices, neurosurgical navigation systems and others. The rise in number of patients with neurological disorders, availability of technologically advanced equipment for neurosurgery and focus on research activities supported by the government has paved way for the high growth. Rise in number of mergers and acquisitions; rapid product launches and growing number of collaborations and partnerships are some of the latest trends that have been observed in the global neurosurgery market.
The key factors boosting the surgical robotics market size are increasing need for automation in the healthcare industry and shifting trend towards advanced robotic surgeries. Untapped economies such as Brazil, India, China & other developing economies will create lucrative opportunities in the surgical robotics market. The surgical robots market comprises several stakeholders such as surgical robots and related device manufacturing companies, suppliers and distributors of surgical robots, hospital and diagnostic centers, ambulatory surgery centers, medical colleges, teaching hospitals and academic medical centers.
Trauma surgery market is driven by geriatric population across the globe and alarming surge in number of road accidents. Around 40.0% of trauma injuries are as a result of falls and motor vehicle accidents. Elderly population as well as children below the age of seven is more prone to falls. Dynamic investment in R&D activities paves the way for introduction of innovative trauma solutions. The market is also fueled by technological advancements with leading players introducing array of products through extensive research capabilities and expanding their segment portfolio through partnerships and engagements.
The market for plastic & reconstructive surgery is driven by social and cultural factors such as influence of media, fashion and film industry, peer pressure for appearance & beauty etc. The growth of the tourism industry and formation of tourism clusters such as Miami, Bangkok etc. has not only increased exposure to cosmetic surgeries but have also created a high point demand for these surgeries. In addition to this, technological factors such as development of advanced materials such as silicone implants do influence plastic surgery market. Besides this, economic factors such as growing per capita income, falling cost of cosmetic surgeries etc. also drive the plastic surgery market.
The global orthopedics market is driven primarily by the growth of the aging population. The market is set to grow to $66.2 billion in 2023 at a steady compound annual growth rate of 3. 8%. It consists of a number of device segments including bone cement, surgical power tools, joint replacement implants and prosthetic limbs.
The global gynecological surgery market size is projected to reach USD 17.55 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.8% during the forecast period. Growing female population, increasing awareness levels pertaining to benefits of early diagnosis and available treatments are anticipated to stoke the growth of the market.
A major contributor to growth of the ophthalmology surgical devices market is raising burden of eye disorders across the world. The market has been segmented based on product, end-user and geography. The cataract surgery device segment is estimated to dominate the market during the forecast period. In addition to this market is ophthalmological surgery market is expected to witness significant growth during the forecast period due to factors such as rapid technological advancements and rapidly aging population coupled with increasing incidence of eye-related diseases such as glaucoma, cataract, diabetic retinopathy and refractive errors.
Major drivers in transplantation surgery market are treatment advancements, increasing adoption as the most effective modality for the management policies and increased favored reimbursement policies. Transplantation surgery research involves detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Economies across the globe is booming and dental industry is too, driven by an ageing global population, heightened knowledge of oral health and an increasing demand for cosmetic dentistry. Dental supply businesses are focusing on new global markets, innovative products for pain relief and orthodontic applications that increase revenues. Factors such as periodontal diseases, dental caries and other dental conditions are some of the main reasons for this rapid increase in the demand for dental imaging.
The global urology surgical instruments market size is expected to reach US$14.12 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.9% CAGR during the forecast period. According to National Association for Continence, one in five individuals over the age of 40 suffers from urine urgency, overactive bladder or leakage of urine. Many manufacturers are focusing on development of products to be used for procedures like minimally invasive surgeries in gynecology and urology in recent years.