According to the report “North America General Surgical Devices Market,” published by Market Data Forecast, the global market is projected to reach USD 4.29 billion by 2021, growing at a CAGR of 9.60% during the forecast period 2016-2021
Surgical device is a designed tool for performing specific actions of carrying out a particular task during a surgery or operation, like provide access for viewing it. Surgical devices facilitate a variety of procedures and operations. Specialized surgical packs contain the most common devices needed for particular surgeries.
In the United States, surgical devices are used in almost all hospitals, outpatient facilities, and most professional offices. Many surgical devices now have electronic or computerized components. They are used for a number of functions during surgical procedures, basically wound closure, plastic and reconstructive surgeries. They are used in the areas of neurology, urology, orthopedics, cardiovascular medicine, obstetrics, gynecology, etc. These tools are mainly used in small clinics, hospitals, and other places.
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North America General Surgical Devices Market: Drivers & Restraints
The market is very promising in this region, with rapid growth in general surgical devices market being driven by the factors such as rising demand due to rising number of surgical procedures with rising prevalence & incidence of various chronic diseases accompanied by increasing ageing population. However, price competition in the industry is one of the factors holding back the growth. Stringent government regulations and lack of proper reimbursement for surgical equipment may also hamper the market growth during the forecast period.
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North America General Surgical Devices Market: Segmentation
- Suction Tubes
- Needle Holders
- Tendon Strippers
- Y-o-Y Growth Analysis, By Type
- Market Attractiveness Analysis, By Type
- Market Share Analysis, By Type
- Electrosurgical Equipment
- Wireless Surgical Equipment
- Manual Surgical Equipment
- Y-o-Y Growth Analysis, By Technology
- Market Attractiveness Analysis, By Technology
- Market Share Analysis, By Technology
- Y-o-Y Growth Analysis, By End-Users
- Market Attractiveness Analysis, By End-Users
- Market Share Analysis, By End-Users
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North America General Surgical Devices Market: Overview
The growth in North America is driven by advent of new technologies, favorable regulatory framework, growing ageing population, and high disposable income of consumer population. Moreover, increasing healthcare expenditure, increasing demand for technologically advanced minimal invasive surgical procedures and rising demand for plastic and reconstructive surgery are further expected to boost to the market growth during the forecast period.
North America General Surgical Devices Market: Region-wise Outlook
On the basis of geography, the market is analyzed under regions namely United States and Canada. Electrosurgical devices segments is expected to register the fastest growth during the forecast period owing to the rising demand for these devices among growing number of minimal invasive surgical procedures.
Key Questions Answered
- What will be the market growth till 2021 and what will be the resultant market forecast in the year?
- What was the market size from 2016 to 2021 ?
- What is the current and future General Surgical Devices Market outlook in North America?
- What trends are affecting the North America market?
- What is the competitive landscape and market share of major players in the General Surgical Devices space in North America?
- What are the key, high growth markets that General Surgical Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the General Surgical Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of General Surgical Devices?
- What are the challenges and barriers that have hindered widespread adoption of General Surgical Devices?
North America General Surgical Devices Market: Key Players
The key players in this market include Medtronic Plc., Stryker Corporation, Johnsons And Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew PLC, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, KLS Martin Group, Olympus Corporation, Applied Medical Resources Corporation, Microline Surgicals, Inc., Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, and Teleflex Incorporated.
Reasons to buy North America General Surgical Devices Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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