Germany General Surgical Devices Market Size (2024 - 2029)

The German general surgical devices market is poised for stable growth, driven by factors such as an increase in road accidents, a rising demand for minimally invasive devices, and higher healthcare spending. The market's expansion is supported by Germany's position as a leader in the European medical device industry, offering significant investment opportunities due to its sophisticated healthcare system and demand for innovative technologies. Product innovations by key players are also contributing to market growth. However, challenges such as stringent regulations and inadequate reimbursement for surgical devices may hinder the market's potential.

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Market Size of Germany General Surgical Devices Industry

Germany General Surgical Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.20 %

Major Players

Germany General Surgical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Germany General Surgical Devices Market Analysis

The German general surgical devices market is expected to register a CAGR of 6.2% over the forecast period.

The healthcare system has witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the early COVID-19 pandemic to reduce the risk of viral transmission, as most chronic therapies were regarded as non-urgent. An article published by PubMed in January 2021 indicated that there was an 8.8% decrease in patient admission for lung cancer-related surgeries and 14.7% for malignant brain tumor-related surgeries during the early pandemic in Germany. The reduction in the number of surgeries in the nation significantly affected the market growth. However, as the pandemic has subsided currently, surgeries are taking place normally; hence the studied market is expected to have stable growth during the forecast period of the study.

The increase in the number of road accidents and the growing demand for minimally invasive devices, along with the increased spending on healthcare, are major factors contributing to the growth of the studied market in the nation over the forecast period.

According to the Federal Statistics Office of Germany, data on traffic accidents in Germany released in August 2022, over 2,314,938 accidents were recorded in Germany in the year 2021, with around 325,691 persons injured in the accidents. With the rising accidents, the number of people injured and seeking surgery has also risen significantly. This is augmenting the demand for general surgical devices in the country.

The medical device industry of Germany is the largest in Europe, and it has got a considerable place in the global medical device industry. Due to the consistent growth of the German medical devices market and the sophisticated healthcare system, there is a good opportunity for companies to invest in this market. In Germany, the demand for highly innovative technologies and diagnostic, therapeutic, and minimally invasive equipment is more which is augmenting the growth of the general surgical devices market.

The product innovations by the key players in the region are likely to add to the market growth. For instance, in June 2022, NGMedical GmbH, a Germany-based medical device manufacturer, launched its new ART Fixation System in Europe. The ART Fixation System aids the surgeon with a fixation system to perform dorsal spinal stabilizations simply, quickly, and effectively. Such product innovations in medical devices are expected to boost the growth of the studied market over the forecast period.

Added to that, financial development in Germany, expanding attention to wellbeing-related issues, and rising interest in outpatient surgery are some of the other factors propelling the market growth. However, stringent regulations and improper reimbursement for surgical devices are expected to slow down the growth of the market over the forecast period.

Germany General Surgical Devices Industry Segmentation

As per the scope of the report, surgical devices serve a specific purpose during surgery. They are designed to perform some specific function for procedures or surgeries. The Germany 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 the value (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
Orthopedic
Neurology
Other Applications
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Germany General Surgical Devices Market Size Summary

The German general surgical devices market is poised for steady growth, driven by factors such as the increasing number of road accidents, a rising demand for minimally invasive devices, and heightened healthcare spending. The market experienced a temporary setback during the COVID-19 pandemic due to postponed surgeries, but it has since rebounded as normalcy returns. Germany's robust medical device industry, the largest in Europe, offers significant opportunities for investment, particularly in innovative technologies and minimally invasive equipment. Product innovations, such as NGMedical GmbH's ART Fixation System, are expected to further propel market expansion. However, challenges like stringent regulations and inadequate reimbursement policies may impede growth.

The market is characterized by intense competition among global and local players, with major companies like B. Braun SE, Boston Scientific Corporation, and Conmed Corporation leading the charge. The demand for laparoscopic surgical devices is on the rise, fueled by the increasing prevalence of gynecological and urological diseases and an aging population. Innovations in handheld surgical tools, including robotic devices and cordless options, are enhancing surgical precision and comfort. The market's growth is also supported by strategic acquisitions and installations of advanced surgical systems, such as Asensus Surgical's Senhance Surgical System. These developments underscore the dynamic nature of the German general surgical devices market, with ongoing advancements expected to drive future growth.

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Germany General Surgical Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Minimally Invasive Devices

      2. 1.2.2 Growing Cases of Injuries and Accidents

      3. 1.2.3 Increasing Healthcare Expenditure in Germany

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Government Regulations and Improper Reimbursement for Surgical Devices

    4. 1.4 Porter Five Forces

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - in USD Millions)

    1. 2.1 By Product

      1. 2.1.1 Handheld Devices

      2. 2.1.2 Laproscopic Devices

      3. 2.1.3 Electro Surgical Devices

      4. 2.1.4 Wound Closure Devices

      5. 2.1.5 Trocars and Access Devices

      6. 2.1.6 Other Products

    2. 2.2 By Application

      1. 2.2.1 Gynecology and Urology

      2. 2.2.2 Cardiology

      3. 2.2.3 Orthopedic

      4. 2.2.4 Neurology

      5. 2.2.5 Other Applications

Germany General Surgical Devices Market Size FAQs

The Germany General Surgical Devices Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)

Boston Scientific Corporation, Medtronic Plc, Johnson & Johnson, Conmed Corporation and B. Braun SE are the major companies operating in the Germany General Surgical Devices Market.

Germany General Surgical Instruments Market Report Snapshots

Germany General Surgical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)