The growth of the global surgical equipment market is stemmed from the massive rise in the volume of surgeries across the globe. Rise in the number of cardiovascular, orthopedic, ophthalmic, and neurosurgeries have generated greater demand for surgical equipment such as electrosurgical devices, surgical sutures and staples, handheld instruments, electrosurgical generators, and monitoring devices which stimulates the growth of the market.
The Asia Pacific surgical equipment market is expected to grow at a CAGR of ~7.8% over forecasted period 2017-2023., in an extensive study.
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The use of advanced surgical equipment is essential for the success rate of surgeries. In addition, the surging prevalence of chronic diseases on a global scale has been a plus for the market growth. Innovation in design, material, and quality which can ensure longer lifecycle is also expected to boost the growth of the market.
Major Market Key Players Covered:
Some of the key players in this market:
Integra LifeSciences Corporation (US)
Boston Scientific Corporation (US)
Smith & Nephew (UK)
Braun Melsungen AG (Germany)
Ethicon US
LLC. (US)
Stryker Corporation (US)
COVIDIEN (US)
CONMED Corporation (US)
MEDICON (US)
Synergetics USA Inc. (US)
Erbe Elektromedizin GmbH (Germany)
KARL STORZ & Co. (US)
KLS Martin (Germany).
The growth of the global surgical equipment market might be hindered by hefty costs of surgical equipment and stringent regulatory norms monitoring surgical equipment industry.
Market Segmentation
The global surgical equipment market has been segmented based on product type, application, and end-user.
By product type, the market global surgical equipment market has been segmented into surgical sutures and staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. The Surgical sutures and staplers segment has been further segmented into absorbable and non-absorbable sutures. The handheld instruments segment has been further segmented into forceps, sutures, visual scope, and others. The electrosurgical devices segment has been further segmented into electrosurgical instruments such as HET bipolar system, electrosurgical pencils, smoke evacuation system, electrosurgical generators, and others.
By application, the global surgical equipment market has been segmented into wound closure, neurosurgery, cardiovascular surgeries, urology, orthopedic surgery, and others.
By end-user, the global surgical equipment market is segmented into hospitals, ambulatory surgical centers, and others.
Intended Audience
- Surgical Equipment Suppliers
- Surgical Equipment Manufacturers
- Medical Research Laboratories
- Medical Devices Companies
- Academic Medical Institutes and Universities
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Regional Analysis
The Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA) are the key markets for surgical equipment.
APAC market is poised to showcase rapid growth over the forecast period driven by the ever-increasing prevalence of chronic diseases in the region and subsequent rise in surgeries. High healthcare expenditure in the developing economies of the region such as China, Japan, Australia and India are likely to catapult the growth of the market on an upward trajectory. Availability of skilled healthcare professionals also acts as a plus for the growth of the market.
The increasing healthcare expenditure drives the growth of Asia Pacific surgical equipment market. Moreover, increasing prevalence of chronic diseases, government initiatives, and increasing patient inflow have fuel the market growth. China holds the major share in the Asia Pacific surgical equipment market owing to huge geriatric population and rapidly developing economy. Moreover, India and Australia contribute considerable share to the market.
Table of Contents
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger and Acquisition Landscape
5.7 Upcoming Trends in Market
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6 Americas Surgical Equipment Market, by Product Type
6.1 Surgical Sutures & Staplers
6.1.1 Absorbable
6.1.2 Non-Absorbable Sutures
6.2 Handheld Instruments
6.2.1 Forceps
6.2.2 Sutures
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