The analysts of Healthcare Intelligence Markets have thoroughly examined the Global Surgical Equipment Market and have anticipated that the market will grow at a CAGR of +7% during the forecast period.
Surgical instruments are specifically designed tools or device to perform some precise actions or carry out desired effects during survey or operations, such as to provide access for viewing it or modifying biological tissues. Many different kinds of surgical instruments and tools have been invented over the time. Some of the surgical instruments are designed for general use in surgery, while the others are designed for a specific process or surgery. Therefore, the nomenclature of surgical instruments trails some certain patterns, such as a portrayal of the action it performs (for example, scalpel, hemostat), the name of its inventor (for example, the Kocher forceps), or a multiple scientific name related to the kind of surgery (for example, a tracheotome is a tool used to perform a tracheotomy).
Numerous factors such as hypertension, smoking, obesity and diabetes has led to high prevalence of cardiovascular diseases. These are the major factors that is driving the growth of the market tremendously.
The Surgical Equipment Market provides its segmentations by application such as neurosurgery, plastic & reconstructive surgery, wound closure, urology, obstetrics and gynecology, thoracic surgery, microvascular surgery, cardiovascular surgery, orthopedic surgery, laparoscopy and others. Along with this, it also provides an in-depth analysis of the prominent factors that influence the market which includes drivers, opportunities, trends and industry-specific challenges.
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Some of the players operating in the surgical equipment market are Medtronic Plc., Stryker Corporation, Johnsons & Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew Plc, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, and KLS Martin Group, Abbott Laboratories, Applied Medical Resources Corporation, Microline Surgicals, Inc., Olympus Corporation, Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, Aspen Surgical Products, Inc, Becton, Dickinson and Company, Intuitive Surgical, Teleflex Incorporated, among the others.
Stryker Corporation has come up with its new invention named as Emergency Medical Equipment. This cot is a faster system that helps in making the lives easier of the EMS teams and is much safer and efficient. Their innovative Powered System assists in loading and unloading a cot at the touch of a button.
The rise in the prevalence of chronic diseases such as neurological and cardiovascular disorders is one of the major factor that is driving the growth of the market tremendously. However, the lack of improper reimbursement for surgical equipment is hindering the progress of the market in the present days. But as surgery is also considered as the primary mode of treatment for patients who are suffering from such diseases, will give more rise to the development in the near future.
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- By Product
o Surgical Sutures and Staples
o Handheld Surgical Equipment
Forceps and Spatulas
o Cutter Instruments
o Electrosurgical Devices
- By Category
o Reusable Surgical Equipment
o Disposable Surgical Equipment
- By Application
o Plastic and Reconstructive Surgeries
o Wound Closure
o Obstetrics and Gynecology
o Thoracic Surgery
o Microvascular Surgery
o Cardiovascular Surgery
o Orthopedic Surgery
- By Region
o North America
o Asia Pacific