Germany Surgical Equipment Market

Market Overview

The German surgical equipment market size witnessed significant growth in the past and is expected to grow at a CAGR of 0.85% during the forecast period (2023-2030).

Surgical equipment refers to tools that modify biological tissue or gain access to the internal body. The market for these tools is primarily driven by the introduction of modern electronic technologies, such as minimally invasive surgery equipment and robotic and power-assisted systems.

The market’s growth is also supported by factors like the increasing preference for robotic-assisted surgery and the rise in the elderly population, who are more prone to ocular disorders, gastric disorders, intestinal disorders, and other health conditions. Robotic-assisted surgery gives surgeons better control, access, and precision during procedures while minimizing invasiveness.

Highlights

• Reusable dominated the market by product.
• Wound Closure dominated the market by application in disposable products.
• Cardiovascular dominated the market by application in reusable products.
• Hospitals and Clinics dominated the market by end-user in disposable and reusable products.
• Surgical sutures and staplers dominated the market by product in disposable products.
• Handheld Surgical Devices dominated the market by product in reusable products.

Market Dynamics

Germany Surgical Equipment Market Drivers

Growth in Demand for Minimally Invasive Surgeries

In Germany, the market for surgical equipment has experienced a significant shift from traditional surgical procedures to minimally invasive surgeries. These advanced techniques incorporate robotic technology, providing surgeons precise control during surgery. This progress has resulted in improved success rates, driving market expansion. Minimally invasive surgeries involve smaller incisions, resulting in minimal scarring and preserving the organ's original structure without compromising cellular integrity.

Furthermore, these surgeries offer advantages such as reduced post-operative pain and faster recovery, leading to more surgeons performing them in outpatient settings. This transition has led to the emergence of physician-owned ambulatory surgical centers (ASCs), which further contribute to market growth. ASCs have reduced hospital stays for patients and lower overall operating costs. Ongoing technological advancements and innovations play a crucial role in driving the growth of the minimally invasive surgical market.

Germany Surgical Equipment Market Restraints

High Price Competition

Major surgical equipment market players face competition from local manufacturers who provide comparable equipment at lower prices. This has impacted the market share of leading manufacturers, as they are forced to reconsider their pricing strategies in response to the availability of more affordable alternatives. The intense competition among key players has resulted in price reductions for surgical equipment, which has constrained market growth and affected overall revenue. Implementing medical excise taxes has reduced manufacturers' profitability, increasing price-based competition among major players.

Germany Surgical Equipment Market Opportunities

Advanced Technology

The healthcare industry is heavily influenced by technology, and advancements in technology have led to the development of high-quality surgical products with ergonomic design, robotic surgery capabilities, minimally invasive surgery techniques, and power-assisted surgical instruments. As a result, manufacturers specializing in these technologies have secured the largest market share by offering innovative solutions for improved surgical procedures. Key players have invested substantially in research and development (R&D) to introduce advanced surgical products and gain a competitive advantage.

Segmental Analysis

The German surgical equipment market is segmented into type, application, end-user, and products.

The market is segmented by type into disposable and reusable. Reusable dominated the market and are expected to register a CAGR of 7.2% over the forecast period.

Disposable types of equipment are further segmented into application, end-user, and product.

It is further segmented by application into neurosurgery, plastic and reconstructive surgery, wound closure, obstetrics, gynecology, cardiovascular, trauma, orthopedic, ophthalmic, and others.

Wound Closure dominated the market and is expected to register a CAGR of 9.9% over the forecast period.

It is further segmented by end-user into hospitals, clinics, ambulatory centers, and others.

Hospitals and Clinics dominated the market and are expected to register a CAGR of 9.6% over the forecast period.

It is further segmented by product into surgical sutures and staplers, handheld surgical devices, electrosurgical devices, and surgical kits.

Surgical sutures and staplers dominated the market and are expected to register a CAGR of 9.3% over the forecast period.

Reusable types of equipment are further segmented into application, end-user, and product.

It is further segmented by application into neurosurgery, plastic and reconstructive surgery, wound closure, obstetrics, gynecology, cardiovascular, trauma, orthopedic, ophthalmic, and others.

Cardiovascular dominated the market and is expected to register a CAGR of 5.4% over the forecast period.

It is further segmented by end-user into hospitals, clinics, ambulatory centers, and others.

Hospitals and Clinics dominated the market and are expected to register a CAGR of 8.0% over the forecast period.

It is further segmented by product into surgical sutures and staplers, handheld surgical devices, electrosurgical devices, and surgical kits.

Handheld Surgical Devices dominated the market and are expected to register a CAGR of 7.6% over the forecast period.

Regional Analysis

The surgical equipment market in Germany is characterized by steady growth and is driven by various factors. Germany has a well-established healthcare system and advanced medical infrastructure, contributing to a high demand for surgical procedures. The country's aging population and increasing prevalence of chronic diseases further fuel market growth. Additionally, Germany's strong emphasis on healthcare research and development, along with technological advancements, positions it as a key market for surgical equipment. The market in Germany is expected to witness continuous expansion in the forecast period.

Recent Developments

• May 2022- Zimmer Biomet Holdings, Inc. launched new AI capabilities within Omni Suite, an intelligent OR designed to increase surgical workflow and procedural efficiency by automating manual operations and reducing superfluous technology and redundant hardware. The new AI function automatically recognizes and timestamps important OR workflow milestones, including patient arrival and exit, door count, anesthetic start and stop, surgery, and cleaning. Real-time workflow indicators direct surgical teams to optimize OR workflow.
• May 2022- Alcon, a leader in eye care who is committed to enabling people to see clearly, has announced that it has reached an agreement to purchase Kala Pharmaceuticals, Inc.’s EYSUVIS (loteprednol etabonate solution) 0.25 percent will enhance Alcon’s current offering in the sizable and quickly expanding dry eye segment.