Surgical Equipment Market Attractiveness, Size Estimates, Industry Comprehensive Analysis

According to Market Research Future (MRFR) Analysis – Surgical Equipment Market is growing at a CAGR of 6.2% during the forecast period 2018 to 2023. The market report includes industry updates, size, share, growth, competitive landscape, regional outlook.

Surgical Equipment Market Overview

Market Research Future (MRFR), in its revised “Surgical Equipment Market” report, explains various growth boosters and impeders. MRFR study concludes that the surgical equipment global market can surge at 6.2% CAGR across the forecast period. The need for effective and favourable surgical equipment for major and minor surgeries can lay the groundwork for the market to surge. The wide range of surgery equipment applications across ophthalmic surgery, neurosurgery, urology, wound closure, orthopaedic surgery, cardiovascular surgeries, and others can benefit the worldwide market of surgical equipment. The rise in popularity of electrosurgical devices can bolster the growth of global surgical equipment market. The rise in surgical sutures and staples, electrosurgical generators, handheld instruments, and monitoring devices sales can impel the market.

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In addition, the surgical equipment market can be driven by increased prevalence of chronic ailments. Rise in cases of obesity, cardiovascular diseases, skin issues, ambulatory surgeries and geriatric population. Government initiatives on surgical equipment handling can add a synergistic effect on the global market. On the contrary, the high cost of surgical devices can restrain the market surge and authoritarian regulatory policies by regulatory bodies can hamper the market.

Surgical Equipment Market Segmental Study

The surgical equipment market can be studied by application, end-user, and product type. The product type-based segments of the surgical equipment are handheld instruments, surgical sutures and staplers, electrosurgical generators, monitoring devices, electrosurgical devices, and others. The surgical sutures and stapler segments are non-absorbable sutures and absorbable sutures. The handheld instruments segments are sutures, forceps, visual scope, and others. The electrosurgical devices segments are electrosurgical instruments, such as electrosurgical pencils, HET bipolar system, electrosurgical generators, smoke evacuation system, and others.

The application-based segments of the surgical equipment market are wound closure, neurosurgery, orthopaedic surgery, cardiovascular surgeries, urology, and others.

The end-user-based surgical equipment marketsegments are ambulatory surgical centers, hospitals, and others.

Surgical Equipment Market Regional Analysis

America surgical equipment market can attain largest market share. Progression in medical device sector and increased emphasis on quality care can underpin the regional market rise. The accessibility of technologically advanced surgical aids can impel the North America market growth. The US can generate highest revenue on which the regional market is likely to cash-in for its surge. The US houses different companies dealing in medical devices and advanced surgical equipment, which can cause escalation of the regional market value.

Europe surgical equipment market progress to be drawn on rise in number of surgical equipment manufacturers. The support from regional governments and increased outpatient surgeries cases can prompt the Europe surgical equipment market.

Asia Pacific surgical equipment market growth can be pressed by the rise in surgical instruments requirement. The rise in awareness about the availability of high-quality care in surgical centers and hospitals can spur the expansion of the regional market. The growing cardiovascular cases can impel APAC surgical equipment market. The availability of skilled medical professionals and the rapid healthcare sector expansion in India and Australia can shore up regional market.

In the Middle East and Africa, the surgical equipment market rise can be attributed to the improved specialty care services across Saudi Arabia and the United Arab Emirates. Africa can exhibit a steady expansion of the market driven by the rise in demand for primary care services.

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Surgical Equipment Market Key Players

MRFR profiled reputed surgical equipment suppliers. They are B. Braun Melsungen AG (Germany), Smith & Nephew (UK), Erbe Elektromedizin GmbH (Germany), Ethicon US, LLC. (US), CONMED Corporation (US), COVIDIEN (US), Integra LifeSciences Corporation (US), MEDICON (US), Stryker Corporation (US), KARL STORZ & Co. (US), Synergetics USA, Inc. (US), and KLS Martin (Germany).

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