Global Surgical Equipment Market is Likely to Grow at a CAGR of 7.2% During the Forecast Period 20162022
Surgical Equipment Market Report Insights
Surgical equipment are medical devices, which are commonly used during surgical procedures. These tools permit surgeons to work accurately and efficiently. They are used in several stages of surgeries, ranging from wound management to drilling, sawing, and reaming in long bone fractures using screws and nails.
Scope of the report
The report Global Surgical Equipment Market Strategic Assessment and Forecast 2017-2022, considers the present scenario of the global surgical equipment market and its strategic assessment for the period 20172022. It includes a detailed study of market drivers, trends, and challenges. It also includes a comprehensive analysis of the leading five vendors in the market. The global surgical equipment is segmented through the following:
By Product Type
Surgical sutures and stapling devices
Hand-held surgical equipment
Forceps and spatulas
Auxiliary instruments and graspers
Obstetrics and gynecology
Plastic and reconstructive
Surgical Equipment Market Market Size and Dynamics
Analysts at Beige Market Intelligence expect that the global surgical equipment market is likely to grow at a CAGR of 7.2% during the forecast period. The growing demand for surgical equipment is driven by increased chronic disorders, which require surgeries and rapid technological advancements. Increased incidence of surgical procedures worldwide is expected to boost the market further.
The surgical sutures and staples segment dominated the overall market with more than 50% share in 2016. Increasing demand for surgical staplers in surgeries such as gastrointestinal, abdominal, thoracic, and gynecology has driven the adoption of these equipment. The electrosurgical and hand-held surgical devices segments are expected to grow significantly during the forecast period.
The adoption of surgical medical equipment is high in obstetrics and gynecology surgeries due to rise in gynecological disorders across the world. The plastic and reconstructive application segment is expected to grow at a rapid pace on account of increased demand for aesthetic and cosmetic surgeries worldwide. ENT surgical equipment being the new boom in the market are expected to have a positive impact on the market growth.
Surgical Equipment Market Trends, Drivers, and Challenges
Increasing demand for power tools in surgical procedures, rising popularity of minimally invasive techniques in surgeries, and growing usage of advanced surgical stapling devices are among the major factors driving the market. The report provides a comprehensive information about the drivers, emerging trends and expected challenges in the global market.
The advent of robotic surgery is the latest trend in the market and is expected to affect the market during the forecast period. Also, increase in demand for aesthetic and cosmetic surgeries and continuous focus on innovative equipment are likely to drive the market in the future.
Surgical Equipment Market Geographical Analysis
The report includes market analysis of different regions. It outlines major market shareholders and analyzes the market size of all the leading regions. The surgical equipment market is segmented into North America, Latin America, Europe, MEA, and APAC. North America dominates the market due to the increased adoption of advanced surgical equipment. Europe is the second largest market, followed by APAC, Latin America, and MEA. APAC is expected to grow at a high rate due to growing aging population coupled with growing disposable income. The adoption of sophisticated surgical equipment in the US was the highest in 2015 due to the presence of health-conscious population and the availability of trained surgeons in the country.
Surgical Equipment Market Key Vendors and Market Share
The market is highly competitive as many local and international players are competing to gain the share of the market. The report profiles all major companies in the market and also provides the competitive landscape and market shares of key players. It covers the entire market outlook regarding the value chain operating within the market.
Following are the vendors included in this report:
Johnson & Johnson
Other prominent vendors are 3M, Adeor Surgical Instruments, Arthrex, Aygun, B. Braun Melsungen, Ceterix Orthopaedics, Changzhou Haida Medical Equipment, Collin Medical, DACH Medical, De Soutter Medical, Dextera Surgical, Golden Stapler Surgical, Grena, InTech Medical, Karl Storz, Incisive Surgical, KLS Martin, Lotus Surgical, MEDACTA, MedicMicro, MicroAire, Nouvag, OsteoMed, Purple Surgical, Reach Surgical, Siemens Healthcare, Smith & Nephew, Stars Medical Devices, Surgical Holdings, Teleflex Medical, Waston Medical, and Xion Medical.
Why Should You Buy the Report?
The report provides answers to the following questions related to the global surgical equipment market.
1. What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
2. Which factors are likely to affect the market over the next few years?
3. What are the major emerging trends and challenges for the market over the next five years?
4. What is the market size and market forecast for each product segment?
5. What is the market size and market forecast for each end-user type?
6. Which region is likely to witness the largest market share and what are the factors driving the market growth in that region?
7. What is the sale growth rate in key geographies?
8. Which are the major countries in terms of market size and market forecast?
9. Which are the key vendors in the market?
10. What are the main strategies implemented by the leading vendors to increase growth opportunities?