Acumen Research and Consulting recently published report titled “Surgical Equipment Market Size, Share, Analysis Report And Region Forecast, 2022 – 2030”
LONDON, June 14, 2022 (GLOBE NEWSWIRE) — The global
A surgical instrument is a device or tool used during a surgical procedure or operation to perform specific actions or achieve specific results, such as modifying biological tissue or achieving specific outcomes. A rise in the prevalence of chronic diseases, an increase in the number of surgical procedures, and an aging population are a few of the factors driving the market. Over time, many different kinds of surgical instruments and technologies have been developed. Furthermore, numerous surgical instruments are designed to be used in all types of surgeries, while some are designed for specific specialties or treatments. Furthermore, technological advancements in the field of surgical instruments, as well as an increase in health care expenditure and government funding for medical research, are expected to drive the global surgical equipment market over the projected period.
|Market||Surgical Equipment Market|
|Market Size 2021||US$ 12,547 Mn|
|Market Forecast 2030||US$ 28,777 Mn|
|CAGR (2022 – 2030)||Around 10%|
|Analysis Period||2018 – 2030|
|Forecast Data||2022 – 2030|
|Segments Covered||By Product, By Application, By Usability, By Region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Smith & Nephew plc, Ethicon, Inc., B. Braun Melsungen AG, Medtronic PLC, Zimmer Biomet Holdings, Inc., Entrhal Medical GmbH, Stryker Corporation, Alcon Laboratories, Inc., Aspen Surgical Products, Inc., Conmed Corporation, Boston Scientific Corporation, and Johnson & Johnson.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
Global Surgical Equipment Market Growth Aspects
Increasing government expenditures in the development of advanced healthcare infrastructure, as well as favorable regulations to attract FDIs in developing regions, are driving growth in surgical equipment. The increased incidence of injuries, such as traumatic injuries, vehicle accidents, and heart procedures, is driving up the demand for surgical equipment. According to the World Health Organization, cardiovascular illnesses were directly responsible for around 32% of global fatalities in 2019. As a result, increased cardiovascular disease incidences are likely to boost the expansion of the worldwide surgical equipment market.
Furthermore, the introduction of relevant electronic technologies such as automaton and power-assisted systems, as well as minimally invasive surgical equipment, is fueling the expansion of the surgical equipment market. Also, factors such as increased preference for robotic surgery and computer-assisted surgery, as well as an increase in the aging population, which is susceptible to intestinal disorders, ocular disorders, gastric disorders, and other health conditions, are driving the growth of the surgical equipment market. However, in underdeveloped economies, inaccurate sterilization of reused equipment and a lack of a supportive regulatory framework stifle industry expansion.
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North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global surgical equipment market. Due to expanding healthcare facility penetration, an increasing number of hospitals, rapid urbanization, the presence of a large population, and the rising prevalence of chronic diseases, Asia-Pacific is expected to be the most advantageous in the surgical equipment market throughout the forecast period. Furthermore, the rising number of traffic accidents in the region is driving the growth of the surgical equipment market. According to the World Health Organization, poor and middle-income nations account for around 93 percent of worldwide road accidents, and it is one of the leading causes of death among children and early adulthood. Furthermore, the abundance of healthcare facilities and hospitals, the increased prevalence of chronic diseases, and rapid urbanization can all be attributed to regional expansion. In addition, the region’s market is being driven by a growing senior population, improved healthcare infrastructure, and an increase in the number of procedures conducted globally.
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The global surgical equipment market has been segmented by Acumen Research and Consulting based on product, application, and usability. Based on the product, the market is divided into surgical sutures & staplers, handheld surgical devices, and electrosurgical devices. Based on raw material, the market split into neurosurgery, plastic & reconstructive surgery, obstetrics & gynecology, wound closure, cardiovascular, orthopedic, and others. Based on end-use, the market is classified into disposable surgical equipment, and reusable surgical equipment.
Some key players covered global in the surgical equipment industry are Smith & Nephew plc, Ethicon, Inc., B. Braun Melsungen AG, Medtronic PLC, Zimmer Biomet Holdings, Inc., Entrhal Medical GmbH, Stryker Corporation, Alcon Laboratories, Inc., Aspen Surgical Products, Inc., Conmed Corporation, Boston Scientific Corporation, and Johnson & Johnson.
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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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