Surgical Instruments Market Analysis: Expected to Reach USD 1,728 Billion by 2028

Published Date: Tuesday,10 Jan,2023

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Surgical instruments refer to the general term for various medical instruments that need to be used during surgery. The development of surgical instruments in China began at the end of the Qing Dynasty.

Since 1843, cities such as Shanghai and Tianjin opened their treaty ports to Western countries. Western medical equipment products including surgical instruments began to enter my country. Until the beginning of the 20th century, medical equipment was Widely used, the market is monopolized by foreign companies.

After the reform and opening up, my country implemented opening up to the outside world and internal reforms, and the economic system showed diversified development: a large number of foreign-funded medical device companies poured into the domestic market, and private companies continued to achieve product and technological breakthroughs through technology introduction and cooperation, driving surgical devices.

The market is developing rapidly; after entering the 21st century, industry standardization and standardization work have been continuously deepened, providing a healthier market environment for surgical instrument companies; with the continuous development of medical industry technology, minimally invasive surgery technology has begun to be gradually applied in my country, foreign capital Enterprises have entered the Chinese market one after another, and the continuous improvement of the technical strength of the domestic industry has also prompted private minimally invasive surgical instrument companies to occupy an important market position in the industry.

There are many types of surgical instruments. After years of development, the output of surgical instruments in my country has also grown to tens of millions of pieces, and the quality of surgical instruments has also been comprehensively improved. The emergence of my country's surgical instrument industry has entered a new stage.

The medical device industry is an industry closely related to human life and health, and its demand is relatively rigid. Periodic economic fluctuations will not have a major impact on the development of the medical device industry, and the industry has a strong ability to resist risks.

As one of the main sub-sectors of the medical device industry, the surgical device industry also has strong rigid demand, so there is no obvious cyclical fluctuation.

There is no obvious seasonality in the consumption and use of surgical instruments. However, due to the high incidence of diseases in winter and the increase in the number of operations, the demand for surgical instruments will be relatively large; and affected by the domestic Spring Festival and foreign Christmas, major hospitals and institutions will stock surgical instruments in advance, resulting in the fourth There are small fluctuations in the production and sales of surgical instruments in the quarter.
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