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According to Future Market Insights' most recent industry report, the global general surgery devices market was valued at around US$ 12.0 billion in 2022 and is set to grow at a CAGR of 6.4% over the forecast period, reaching a projected valuation of US$ 23.8 billion in 2033.
One of the key reasons for the expanding usage of laparoscopic operations on a global scale is the rising frequency of numerous serious illnesses such as colorectal cancer and gynecological disorders. Because of the numerous advantages provided by minimally invasive treatments, there is an increase in demand for minimally invasive operations.
Laparoscopy is a minimally invasive procedure that enables the doctor to get to the inner parts of the abdomen (tummy) and pelvis without making deep cuts in the skin, the rising demand for minimally invasive procedures can boost the market growth.
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The requirement of surgical procedures is in high demand due to advancements in treatments. For example, laparoscopic surgery will continue to collaborate with more computer-assisted technology, more image-based technology, and the creation of new energy devices to reduce costs. As a result of the cheaper cost of the treatments, there will be a lucrative demand for general surgeries.
Key Takeaways from Market Study
Direct energy system devices are the leading segment as a product, and held around 28.2% market value share in 2022, owing to aesthetically minimizing wounds and allowing doctors to conceal scars.
The Colorectal surgery segment is set to lead among the application segment of the general surgery devices market with a projected market value share of around 29.7% by 2033, owing to the rising prevalence of colorectal cancer
By end users, hospitals held a share of around 74.2% in 2022 due to the preference of patients to visit hospitals for surgical procedures compared to other end-user settings.
North America held a value share of around 30.4% in 2022, due to rising surgeries of colorectal cancer in the region.
Market Competition
The general surgery devices market is a sector that has undergone consolidation. The market participants are concentrating on creating and introducing technologically enhanced approaches in order to increase the accuracy and efficiency of the operations and reduce post-operative problems.
The commercial debut of Smith & Nephew's CORI Surgical System, the company's newest portable robotics platform, in Japan, is scheduled for February 2022.
To provide complete technology and product options in urology, gynecology, and general surgery, Arthrex and Richard Wolf, worldwide pioneers in minimally invasive surgical technologies and solutions, announced U.S.-based cooperation in November 2022.
Key Players
Janssen Pharmaceutical
Medtronic Plc
Becton, Dickinson, and Company
Olympus Corporation
B. Braun Melsungen AG
Stryker Corporation
Smith & Nephew Plc
KARL STORZ GmbH & Co. KG
Richard Wolf GmbH
Others
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the general surgery devices market in its latest study, presenting a historical demand assessment of 2015 to 2022 and projections for 2023 to 2033. The global general surgery devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the product type– (direct energy system devices, trocars/access device, internal closure devices, laparoscopes, hand access instruments, insufflation devices, and robotic assisted surgical system), by application- (bariatric surgery, colorectal surgery, general surgery, gynecological surgery, and other surgery), by end user- (hospitals, ambulatory surgical centers, and clinics), across seven key regions of the world.
Key Market Segments Covered in the General Surgery Devices Industry Research
Product:
Direct Energy System Devices
Trocars/Access Device
Internal Closure Devices
Laparoscopes
Hand Access Instruments
Insufflation Devices
Robotic Assisted Surgical System
Applications:
Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Other Surgery
End User:
Hospitals
Ambulatory Surgical Centres
Clinics
Pet DNA Testing Market Size, Outlook & Growth Report 2033
The Pet DNA Testing Market is anticipated to expand its roots at a steady CAGR of 9.1% between 2023 and 2033. The market is anticipated to cross a market share of US$ 839.84 million by 2033 while it is likely to be valued at US$ 351.52 million in 2023.
Increased adoption of dogs and cats post-pandemic along with people treating their pets as family members is fueling the demand for pet DNA testing solutions. Furthermore, the higher veterinary budget is also expanding the research and development facilities.
Expanding breeding businesses and end users buying dogs of foreign breeds. Moreover, conducting breed origin tests is also fueling the demand for pet DNA tests. Apart from the breed identification possible genetic threats could also be found through the test.
The integration of veterinary technology with the digitization of veterinary healthcare along with dog breed tests.
People are curious to know more about their pets, ancestral history, and characteristics. These details optimize their diet regime and exercise which fuels the sales of pet DNA tests.
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Key Points:
The United States market leads the pet DNA testing market in terms of market share in North America. The North American market held a market share of 35.0% in 2022. The market growth is attributed to the increase in pet care units and pet humanization.
The United Kingdom pet DNA testing market is another significant market from the European region. Regional growth is attributed to government efforts and, advancements in pet genetics technology.
The Chinap pet DNA testing market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is owed to increased pet adoption, advanced DNA testing, and expanding breeding business.
By test type, the genetic diseases segment held a share of 35.0% in 2022. This is due to the increased amount of information and potential health threats.
Competitive Landscape:
The key vendors work on producing pet DNA testing solutions with higher accuracy, small diagnostics time, and affordable pricing. The market players also focus on creating easy-to-use products. Key competitors are indulged in mergers, acquisitions, and partnerships to increase their supply chain and distribution channel. The key players in the market are Wisdom Panel (Mars, Inc.); Embark Veterinary, Inc.; Dognomics (Clinomics); Basepaws, Inc. (Zoetis); and NeoGen Corp.
Recent Market Developments:
Wisdom panel introduced a `wisdom panel dog DNA test for breed detection. The test delivers information such as the dog’s color, strength, energy, and fur.
Embark Veterinary launched tests involving breed identification, health and wellness tests, and faster test results.
Dognomics dog DNA tests have eased their testing procedures with three simple steps: sign up, swab, and send. While swabbing takes 5-10 secs, the company has free shipping in the United States.
Market Segmentation:
Animal Type Outlook:
Dogs
Cats
Sample Type Outlook:
Blood
Saliva
Semen
Others
Test Type Outlook:
Breed Profile
Genetic Diseases
Health & Wellness
End User Outlook:
Pet Owners
Breeders
Veterinarians
Key Regions Covered:
North America
United States
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
United Kingdom
France
Spain
Russia
Rest of Europe
Japan
Asia Pacific Excluding Japan
China
India
Malaysia
Singapore
Australia
Rest of APEJ
The Middle East and Africa
GCC Countries
Israel
South Africa
Rest of Middle East and Africa
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