February 2023: OSSIOfiber Compression Staple, the latest product by OSSIO, Inc., an orthopaedic fixation technology company, is the stepping stone to becoming the gold standard in orthopaedic fixation. These staples allow surgeons to apply stronger compression during surgery.
January 2023: Organon has invested in Claria Medical, a global women’s healthcare company and a privately-held medical device firm that is developing an investigational device used in minimally invasive laparoscopic hysterectomies. The agreement also gives Organon the option to buy Claria Medical. Claria System - an initial investigational device uses an intelligent uterine containment and extraction system for better hysterectomy procedures involving patients and doctors alike.
October 2022 saw Medtronic—a leader in healthcare technology globally—making some important announcements concerning global market entry and application product approvals for its new HugoTM robotic-assisted surgery (RAS) system.
Olympus Corporation ("Olympus") introduced VISERA ELITE III – its newest surgical visualisation platform designed specifically for endoscopic surgeries across multiple medical disciplines – at the beginning of September 2022.
Virtual Incision Corporation will see its MIRA Platform demonstrated on International Space Station (ISS) in August 2024, with capabilities being tested in August of 2022. (ISS)
In August 2022, Virtual Incision Corporation announced that it would test run its MIRA Platform in space by sending it on a technological demonstration mission through the International Space Station (ISS) in 2024.
In June of this year, Xenco Medical launched Multilevel CerviKit – an extension of their innovative single-use cervical spine technology to incorporate the full line-up of implants and single-use instruments required for two-, three- or four-level prior cervical spine procedures, increasing their device portfolio for ASCs. The kit was cleared by the US Food and Drug Administration.
POWER SEAL enhanced bipolar surgical energy devices were introduced by Olympus in September 2021 to strengthen their surgical portfolio.
In 2021, SS Innovations declared the commercial release of India's first general robotic surgery equipment in the following 4-6 months. In addition to this, Medrobotics Corp. received funding of USD 20 million in February 2017 for the huge expansion in novel surgical applications and for developing the next-generation Flex Robotic System.
Indian-based firm SS Innovations made a similar announcement in February 2021 that it will launch India's first general robotic surgery equipment within next four to six months.
General Surgical Devices Market Segment Insights
The general surgical devices market is segmented on the basis of type, product, application, and end-user.
Surgical Devices Type Insights
On the basis of type, the global general surgical devices market can be segmented into disposable surgical supplies, open surgery instrument, energy-based and powered instrument, minimally invasive surgery instruments, medical robotics and computer-assisted surgery devices, and others.
The disposable surgical supplies are segmented into surgical non-woven, examination and surgical gloves, general surgery procedural kits, needles and syringes, venous access catheters, and others. The surgical non-woven segment is further divided into disposable surgical masks, surgical drapes, surgical caps, surgical gowns, and others.
The open surgery instrument is segmented into retractor, dilator, and catheters. The energy-based and powered instruments are segmented into powered staplers and drill system. The minimally invasive surgery instruments are divided into laparoscope and organ retractor. The medical robotics and computer-assisted surgery devices are divided into adhesion prevention products and others.
Surgical Devices Product Insights
On the basis of product, the general surgical devices market can be segmented into handheld devices, laparoscopic devices, electrosurgical devices, wound closure devices, trocars and access devices, and others.
Surgical Devices Application Insights
On the basis of application, the general surgical devices market can be segmented into orthopedic surgery, cardiology, ophthalmology, wound care, audiology, thoracic surgery, urology and gynecology surgery, plastic surgery, neurosurgery, and others.
Surgical Devices End-User Insights
On the basis of end-user, the general surgical devices market can be segmented into hospitals, clinics, diagnostic centers, academic institutes, research centers, and others.
Surgical Devices Regional Insights
The general surgical devices market consists of regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Americas dominated the general surgical devices market owing to the increasing number of surgical procedures, the presence of key players, favorable reimbursement policies, and numerous initiatives undertaken by the government to provide training sessions and access to advanced devices for physicians.
As per an article published by Time, Inc., until June 2017 there were more than 4,100 da Vinci units installed globally. This includes 2,703 in the U.S., 698 units in Europe, 538 units in Asia, and 210 units in the rest of the world. For instance, in April 2017, Intuitive Surgical, Inc. received the CE mark approval in Europe for the da Vinci X Surgical System that offers robotic-assisted surgeries at a lower cost for surgeons and hospitals.
Asia Pacific is anticipated to grow at a maximum pace during the forecast period due to rising investments along with the regional expansion. For instance, in February 2014, CryoLife, Inc. established a new subsidiary in the Asia Pacific region. This expansion will increase the presence of the subsidiary in the general surgery devices market in the Asia Pacific region.
The Middle East and Africa has the potential to emerge as a production hub for medical devices and large-scale development. The key factor contributing to this transformation is the low cost of product development in this region.
Recent Development
In February 2022, Dentsply Sirona, a dental gadget maker, unveiled two projects this week, both aimed at supporting the company's efforts to fully integrate dentistry into the digital age. The first of the new developments is a collaboration with Google Cloud, via which Dentsply will begin hosting many innovative digital dental technologies. In the second quarter, the company will launch Primeprint, its 3D printing solution for dental practices and labs. Standard Bariatrics, a Cincinnati-based surgical device maker, was able to secure series B financing in February 2022 through a multi-step process. In June, it garnered USD 35 million in commitments, just a few months after the FDA approved its Titan SGS surgical stapler, which is used in some weight-loss procedures.