General Surgery Devices Market Will Reach $17.5 Billion By 2024: Grand View Research, Inc.
The global general surgery devices market was valued at USD 7.0 billion in 2015 and is expected to reach a value of USD 17.5 billion by 2024, based on a new study by Grand View Research, Inc. The growth of the market is attributed to the increasing geriatric population base, government support and continual technological advancements launched by the key players. Demand for advanced devices is growing steadily due to heightened awareness levels of newer technologies and the subsequent increase in the adoption of minimally invasive and computer-assisted treatments. Technological development in the industry is favoring the emergence of minimally invasive procedures, thereby increasing patient safety and shortening hospital stays. Several technological changes have been witnessed in varied segments of abdominal and hernia surgeries; cardiac, trauma and burn surgeries; and in breast and plastic surgeries. For instance, thymectomy is a newly developed procedure for my astheni...