Over the years, EuroDev has assisted numerous North American surgical device manufacturers to grow their business across the continent, and the market is thriving. The European General Surgical Devices Market was worth $3.87 billion in 2018 and estimated to reach $6.18 billion by the end of 2023 with a CAGR of 10%. The European market for surgical instruments is expected to grow because of the increasing number of surgical procedures. This growth is driven by the increasing appearance of different chronic diseases and the ageing population.
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There is a trend towards disposable surgical instruments that are more cost- and time-effective than reusable products, that need sterilization after each use. Moreover, the electrosurgical devices segment is expected to register the fastest growth during the forecast period due to the rising demand amongst the growing number of minimal invasive surgical procedures. In comparison: North America’s General Surgical Devices Market was worth $4.64 billion in 2018 and estimated to reach $7.1 billion by the end of 2023 with a CAGR of 9.60%, thus showing a slightly lower growth rate. If you are looking to expand into the European market, please get in touch.
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