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Surgery Innovation

While surgical innovation has a rich tradition, as a field of study it is embryonic. To this point, the field has not been well defined, nor have future options to promote surgical innovation been thoroughly explored. It is clear that surgical innovation is fundamental to surgical progress and has significant health policy implications. A process of systematically evaluating and promoting innovation in surgery may be critical in the evolving practice of medicine. New surgical innovation centres are working to define the field and identify critical aspects of surgical innovation promotion. Surgical innovations have improved patient outcomes, reduced complication rates and length of hospital stay, and have decreased morbidity and mortality. The pace of surgical innovation shows no sign of slowing, from developments in three-dimensional printing, artificial intelligence and nanotechnology to advances in regenerative medicine and the ability to grow organs and tissues in the laboratory. Such innovations will have fundamental consequences for surgical decision making and the way surgeons treat patients.

The global general surgery devices market size was valued at USD 14.1 billion in 2018 and is expected to register a CAGR of 8.5% from 2019 to 2026. Increasing number of surgical procedures being performed coupled with technological advancements in the field is anticipated to drive the market. Increasing awareness of patients and high incidence of cardiac related diseases, gastrointestinal diseases, and prevalence of osteoporosis result in increased demand for surgeries. Furthermore, increasing preference for minimally invasive and robotic and computer-assisted surgery is likely to boost the market growth. Technological development and adoption of advanced surgeries by the emerging countries are likely to drive the market.

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