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Germany General Surgical Devices Market - Growth, Trends, and Forecasts (2020-2025)

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  • 90 Pages
  • May 2020
  • Region: Germany
  • Mordor Intelligence
  • ID: 5025859
As per the Federal Statistics Office of Germany, in 2018, around 3,275 people died in Germany due to road accidents. There was an approximately 3% rise in the deaths from last year caused by such accidents in the country. With the rising accidents, a number of people injured and seeking surgery are also on the rise. 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 the companies to invest in this market. In Germany, demand for highly innovative technologies; diagnostic, therapeutic, and minimally invasive equipment is more which is augmenting the growth of the general surgical devices market.

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 market growth.

Key Market Trends

Handheld Surgical Devices to Witness Steady Growth over the Forecast Period

Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical device for laparoscopic interventions, enhance a surgeon’s dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety. New cordless handheld devices are one such innovation that has added a level of comfort and control for surgeons. For example, Covidien's Lapro-ClipTM clip applier is a handheld medical device used to ligate blood vessels during laparoscopic surgery.

The market is further expected to grow and the prices are expected to fall, due to the entry of many new players in the market. Furthermore, the increasing number of surgeries is boosting the segment growth in the region.

Competitive Landscape

The market for general surgical devices in Germany is highly competitive with the presence of global and a few local players in the country. A large share of the market is grabbed by the global players whereas local companies are also having an intense competition to gain substantial share in this market. Developed medical device industry is the prime reason behind more companies willing to expand in Germany.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Devices
4.2.2 Growing Cases of Injuries and Accidents
4.2.3 Increasing Healthcare Expenditures in Emerging Economies
4.3 Market Restraints
4.3.1 Stringent Government Regulations
4.3.2 Improper Reimbursement for Surgical Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopaedic
5.2.4 Neurology
5.2.5 Other Applications
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Cadence Inc.
6.1.4 Conmed Corporation
6.1.5 Integer Holdings Corporation
6.1.6 Johnson & Johnson
6.1.7 Maquet Holding BV & Co. KG
6.1.8 Medtronic PLC
6.1.9 Olympus Corporations
6.1.10 Stryker

Companies Mentioned

A selection of companies mentioned in this report includes:

  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Cadence Inc.
  • Conmed Corporation
  • Integer Holdings Corporation
  • Johnson & Johnson
  • Maquet Holding BV & Co. KG
  • Medtronic PLC
  • Olympus Corporations
  • Stryker