Market Size of France General Surgical Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France General Surgical Devices Market Analysis
The French general surgical devices market is expected to register a CAGR of 4.5% during the forecast period.
A decline in patient admissions during the pandemic and the cancellation of non-emergency surgical procedures significantly impacted the French general surgical equipment business. According to a study published in British Medical Journal in November 2021, the weekly incidence of rhegmatogenous retinal detachment (RRD) surgical procedures decreased from 0.63/100,000 persons in 2019 to 0.36/100,000 inhabitants in 2020, representing a 41.6% decrease in the frequency of rhegmatogenous retinal detachment (RRD) surgical procedures. A decline in the surgical volume was observed in France during the pandemic period, severely impacting the market. However, the market has been recovering strongly since restrictions were eased. Over the projected period, an increase in surgical procedures, such as gynecological, neurological, and cardiological surgeries, will drive the recovery of the market.
The French market for general surgical devices is rapidly growing due to factors such as the rising demand for minimally invasive devices, increasing healthcare expenditures, and growing cases of injuries and accidents. According to the Institute for Health Metrics and Evaluation 2022, government health spending per person in France is expected to go up to USD 4,123 by 2050. With such high spending on healthcare, the government of France is expected to increase the adoption of standard healthcare and advanced surgical devices, thus propelling market growth.
Moreover, a growing geriatric population that is more prone to chronic diseases and requires surgical treatment is likely to support the growth of the market. For instance, according to the United Nations Population Fund's, World Population Dashboard's Statistics 2021, about 21.1% of individuals in France are 65 or older. Since chronic diseases are more common among the elderly, the need for surgeries and treatment devices is predicted to rise over the forecast period.
Thus, all aforementioned factors are expected to boost market growth over the forecast period. However, stringent government regulations and improper reimbursement for surgical devices may restrain the market growth.
France General Surgical Devices Industry Segmentation
As per the scope of the report, a surgical instrument is a tool or device used during surgery or an operation to carry out required action or achieve desired results, such as changing biological tissue or allowing access to observe it. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The French 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) and application (gynecology and urology, cardiology, orthopedic, neurology, and other applications). The report offers all values in USD million 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 |
France General Surgical Devices Market Size Summary
The French general surgical devices market is poised for growth, driven by an increasing demand for minimally invasive procedures and advancements in surgical technology. The market experienced a setback during the pandemic due to a decline in surgical procedures, but has since shown strong recovery as restrictions eased. Factors such as rising healthcare expenditures, a growing geriatric population, and the prevalence of chronic diseases are expected to propel market expansion. The government's commitment to enhancing healthcare infrastructure and adopting advanced surgical devices further supports this growth trajectory. However, challenges such as stringent regulations and reimbursement issues may pose constraints to market development.
The market is characterized by a competitive landscape with numerous players, including B. Braun Melsungen AG, Boston Scientific Corporation, and Johnson & Johnson, who are actively engaging in strategic initiatives like product development and geographical expansion. The introduction of innovative devices, such as robotic handheld surgical instruments, is enhancing surgical precision and increasing the adoption of outpatient surgeries. Additionally, the rising incidence of neurological disorders is driving demand for specialized surgical devices. Key market players are also investing in research and innovation to bring technologically advanced solutions to the market, thereby fostering segment growth over the forecast period.
France 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 and Increasing Healthcare Expenditure
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1.2.2 Growing Cases of Injuries and Accidents
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1.3 Market Restraints
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1.3.1 Stringent Government Regulations and Improper Reimbursement for Surgical Devices
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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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 million)
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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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France General Surgical Devices Market Size FAQs
What is the current France General Surgical Devices Market size?
The France General Surgical Devices Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in France General Surgical Devices Market?
B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Johnson & Johnson and Olympus Corporation are the major companies operating in the France General Surgical Devices Market.
