China Surgical Devices Market Introduction and Overview
According to SPER Market Research, the China Surgical Devices Market is estimated to reach USD XX billion by 2033 with a CAGR 6.35%.
The report includes an in-depth analysis of the China Surgical Devices Market, including market size and trends, product mix, distribution channels, and supplier analysis. A wide range of medical equipment and tools that surgeons and other healthcare professionals use during surgical procedures are collectively referred to as "surgical devices." These tools are made expressly to help surgeons carry out their duties with the highest level of accuracy and precision. Products such as scalpels, forceps, scissors, retractors, sutures, and electrosurgical instruments are examples of general surgical devices. These tools are critical to the practice of modern medicine since they aid in the diagnosis, prevention, and surgical treatment of a wide range of medical disorders.
- Sophisticated Surgical Devices: Industry leaders have been introducing technologically sophisticated surgical devices with improved ergonomics and patient outcomes.
- Strategic Collaborations: Companies have formed relationships with hospitals and healthcare organisations to better understand unique surgical needs and provide customised solutions.
Market Opportunities and Challenges
Opportunities:- China's population growth is probably going to drive up demand for surgical instruments. The burden of diseases is rising due to population growth, while new medical advancements are responsible for over two thirds of the increase in spending. As diseases become more common, there will therefore likely be a greater need for surgical instruments. The National Bureau of Statistics of China (2018) reports that, for both urban and rural families, China's per capita disposable income climbed by around 600 percent between 2000 and 2018. There has unavoidably been a sharp rise in income due to the economy's rapid growth. A number of healthcare-related investments have enticing long-term financial returns. One example area where people typically spend more as their incomes rise is medical care. Thus, rising disposable income in China contributes to faster market expansion.
Challenges:- Strict limitations: The Chinese government's strict regulations on the licencing and marketing of medical devices may prohibit new rivals from entering the market, limiting market expansion. Furthermore, the high cost of advanced surgical devices. Smaller healthcare facilities with limited budgets may struggle to adopt technologically advanced surgical devices due to their high cost.
Market Competitive Landscape
The market is extremely fragmented and focused due to the presence of numerous major, medium, and small competitors. Some of the leading market participants include B. Braun Melsungen AG, Boston Scientific Corporation, and Johnson & Johnson, among others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application
|
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
|
| Companies Covered | B. Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson, Conmed Corporation, Integer Holdings Corporation, Olympus Corporation, MEDITECH TECHNOLOGY CO LTD, JINAN XIANFENG MEDICAL DEVICE CO, LTD, Stryker Corporation. |
COVID-19 Impact on China Surgical Devices Market
The Covid-19 pandemic's breakout significantly affected the healthcare industry, which included the China General Surgical Devices Market. Elective surgical procedures temporarily slowed down as a result of the healthcare system refocusing its resources on controlling the pandemic due to the spike in Covid-19 infections. Nonetheless, the pandemic's emphasis on patient safety and infection control also raised demand for disposable surgical instruments. The market is anticipated to recover and carry on growing once things settle down.
Key Target Audience:
- Clinicians
- Distributors
- Government healthcare agencies
- Hospitals
- Medical device procurement managers
- Medical professionals
- Researchers
- Surgeons
- Surgical centers
Our in-depth analysis of the China Surgical Devices Market includes the following 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 Region: |
Eastern Region
Northern Region
Southern Region
Western Region
|
Key Topics Covered in the Report:
- China Surgical Devices Market Size (FY’2024-FY’2033)
- Overview of China Surgical Devices Market
- Segmentation of China Surgical Devices Market By Product (Handheld Devices, Laproscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, Other Products)
- Segmentation of China Surgical Devices Market By Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, Other Applications)
- Statistical Snap of China Surgical Devices Market
- Expansion Analysis of China Surgical Devices Market
- Problems and Obstacles in China Surgical Devices Market
- Competitive Landscape in the China Surgical Devices Market
- Impact of COVID-19 and Demonetization on China Surgical Devices Market
- Details on Current Investment in China Surgical Devices Market
- Competitive Analysis of China Surgical Devices Market
- Prominent Players in the China Surgical Devices Market
- SWOT Analysis of China Surgical Devices Market
- China Surgical Devices Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the China Surgical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Surgical Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Surgical Devices Market
7. China Surgical Devices Market, By Product (USD Million) 2020-2033
7.1. China Surgical Devices Market Size, Share and Forecast, By Product, 2020-2026
7.2. China Surgical Devices Market Size, Share and Forecast, By Product, 2027-2033
7.3. Handheld Devices
7.4. Laproscopic Devices
7.5. Electro Surgical Devices
7.6. Wound Closure Devices
7.7. Trocars and Access Devices
7.8. Other Products
8. China Surgical Devices Market, By Application (USD Million) 2020-2033
8.1. China Surgical Devices Market Size, Share and Forecast, By Application, 2020-2026
8.2. China Surgical Devices Market Size, Share and Forecast, By Application, 2027-2033
8.3. Gynecology and Urology
8.4. Cardiology
8.5. Orthopaedic
8.6. Neurology
8.7. Other Applications
9. China Surgical Devices Market Forecast, 2020-2033 (USD Million)
9.1. China Surgical Devices Market Size and Market Share
10. China Surgical Devices Market, By Region, 2020-2033 (USD Million)
10.1. China Surgical Devices Market Size and Market Share By Region (2020-2026)
10.2. China Surgical Devices Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Northern Region
10.5. Southern Region
10.6. Western Region
11. Company Profile
11.1. B. Braun Melsungen AG
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Boston Scientific Corporation
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Johnson & Johnson
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Conmed Corporation
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Integer Holdings Corporation
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Olympus Corporation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. MEDITECH TECHNOLOGY CO LTD
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. JINAN XIANFENG MEDICAL DEVICE CO LTD
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Stryker Corporation
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
