Surgical Equipment Market Overview Price and Profit Forecast To 2025
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<strong>Surgical</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>Overview</strong> | <strong>Price</strong> <strong>and</strong> <strong>Profit</strong> | <strong>Forecast</strong><br />
<strong>To</strong> <strong>2025</strong><br />
“Global <strong>Surgical</strong> <strong>Equipment</strong> <strong>Market</strong> report includes in-depth analysis of<br />
industry by recent technologies, trends, opportunities, challenges, key players<br />
<strong>and</strong> business strategies considering types, segment <strong>and</strong> future outlook.”<br />
Global <strong>Surgical</strong> <strong>Equipment</strong>/Instruments <strong>Market</strong> was valued at USD 10.5 billion in 2016 <strong>and</strong> is<br />
expected to reach a value of USD 20.3 billion by <strong>2025</strong>. Global surgical equipment market is<br />
expected to experience brisk growth due to rise in dem<strong>and</strong> for nominal hostile surgeries over<br />
the forecast period. Novel technologies such as robot <strong>and</strong> power assisted medical tools<br />
introduction in recent past is estimated to further enhance industry growth.<br />
<strong>Surgical</strong> tools are medicinal devices that serve some specific need during any surgery. These<br />
devices allow the physical alteration of biological tissue to deliver access to internal body parts.<br />
This equipment’s are tools that are used to complete functions such as suturing cutting, holding,<br />
dissecting, retracting, or grasping. These instruments are h<strong>and</strong> h<strong>and</strong>led or sometimes power<br />
based robotic devices. Technologies viz. robotic based medical devices <strong>and</strong> minimally invasive<br />
medical equipment development are presumed to be key driving factors for the surgical<br />
equipment market. Rise in aged population coupled with increase in medical processes is<br />
estimated to fuel the growth over the forecast period. Modernization in operating devices which<br />
provide improved & better outcomes along with increase in dem<strong>and</strong> for less complicated<br />
procedures are some important success factors that are expected to contribute for the global<br />
growth over the six year period.<br />
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Growth in adaptation <strong>and</strong> approval for arthroscopy <strong>and</strong> minimal invasive procedures usages due<br />
to convenience is expected to further complement the market growth. Growth in dem<strong>and</strong> for<br />
advanced twisted healing materials such as medical adhesives, glues, high-strength hemostats,<br />
fibrin, <strong>and</strong> other sealants used on daily basis for medical procedures are presumed to hinder the<br />
growth. Stringent government norms on power devices in certain regions are expected have<br />
negative impact on the market growth over the forecast period. Due to side effects related with<br />
some medical tools making people think twice before using the device.<br />
Several inadequate product quality assurance concerns to performance related to this device,<br />
improper procedures in sterilization for used equipment affect the individual health which is<br />
further expected to reduce the industry growth. Lack of affirmative governing structure in some<br />
developing regions is presumed to act as restraints for the market expansion across the globe.<br />
Huge price competition among the industry participants is presumed to hamper the Industry<br />
growth. Emerging economies such as India <strong>and</strong> China are presumed to be an opportunity for the<br />
industry participants to enter in this untapped market.<br />
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https://www.millioninsights.com/industry-reports/surgical-equipment-market<br />
Based on product type surgical equipment market is segmented into surgical h<strong>and</strong>held<br />
instruments, staples & electrosurgical devices <strong>and</strong> surgical sutures. The surgical h<strong>and</strong>held<br />
instruments are further segmented as retractors, scalpels, <strong>and</strong> scissors <strong>and</strong> forceps. Till 2012,<br />
surgical staples <strong>and</strong> sutures appeared as maximum revenue generating product in surgical<br />
equipment market across the world. But, electrosurgical instruments are presumed to witness<br />
pleasing growth over the six years period owing to the rise in dem<strong>and</strong> for minimally invasive<br />
operating procedures that greatly use this equipment.<br />
The market is classified as Neurosurgery, Wound Closure, Plastic <strong>and</strong> reconstructive surgeries,<br />
Urology, Thoracic surgery, Cardiovascular, Obstetrics <strong>and</strong> gynaecology, Orthopaedic surgery,<br />
Micro vascular, Laparoscopy <strong>and</strong> Others based on different applications. Under developed<br />
regions such as North America <strong>and</strong> Europe are amongst the regional market for this equipment.<br />
And under the developing regions Asia Pacific are the regional markets catering the dem<strong>and</strong> for<br />
this instrument. North America appeared as the maximum revenue contributing regional<br />
market due to constant R&D initiatives along with technological innovation which is leading to<br />
the better products development. Thus this is expected to boost the regional market growth.<br />
Asia Pacific is expected to grow at a lucrative CAGR over the next six years due to increasing
awareness <strong>and</strong> adaptation pertaining to the advanced surgical equipment. Rise in disposable<br />
income is expected to propel the market growth. Rise in disposable income in emerging<br />
economies such as India is presumed to compliment the increase in dem<strong>and</strong> for surgical<br />
equipment market in this region.<br />
Many companies are implementing strategies such as collaboration acquisitions, <strong>and</strong><br />
expansions to hold a strong position in this industry. <strong>Surgical</strong> equipment market is highly cost<br />
intensive with huge investment cost. Industry participants are investing heavily on research <strong>and</strong><br />
development to have competitive advantage. Product innovation <strong>and</strong> product introduction is<br />
the important strategy adapted in this industry. Prominent industry participants includeKLS<br />
martin group, Smith & Nephew PLC, Zimmer holdings Inc., Ethicon Inc., Carefusion Corporation,<br />
Alcon Laboratories Inc., Conmed Corporation <strong>and</strong> Stryker Corporation. Stryker, Carefusion <strong>and</strong><br />
Zimmer are observed to dominate the industry for electrosurgical instruments in recent past.<br />
<strong>Market</strong> Segment:<br />
<strong>Surgical</strong> <strong>Equipment</strong>/Instruments Product Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• <strong>Surgical</strong> Sutures <strong>and</strong> Staplers<br />
• H<strong>and</strong>held <strong>Surgical</strong> Devices<br />
• Forceps <strong>and</strong> Spatulas<br />
• Retractors<br />
• Dilators<br />
• Graspers<br />
• Auxiliary Instruments<br />
• Cutter Instruments<br />
• Others<br />
• Electrosurgical Devices<br />
<strong>Surgical</strong> <strong>Equipment</strong>/Instruments Application Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Neurosurgery<br />
• Plastic <strong>and</strong> Reconstructive Surgery<br />
• Wound Closure<br />
• Obstetrics <strong>and</strong> Gynecology<br />
• Cardiovascular<br />
• Orthopedic<br />
• Others
<strong>Surgical</strong> <strong>Equipment</strong>/Instruments Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• Germany<br />
• UK<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Latin America<br />
• Brazil<br />
• Mexico<br />
• MEA<br />
• South Africa<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/medical-devices
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