• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

    • Radiology
      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Electrospun Construct Mimics Elasticity of Blood Vessels

      Electrospun Construct Mimics Elasticity of Blood Vessels

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Surgical Instruments Market To Hit USD 23.22 Billion By 2027 | Size, Share, Segments, Applications, Regional Forecast to 2027

January 14th, 2021 Reports and Data Releases

High demand for surgical procedures, rise in the number of road mishaps, and the introduction of updated technology are key factors contributing to high CAGR during the forecast period.   

Market Size – USD 12.67 Billion in 2019

Market Growth – CAGR of 7.9%

Market Trends – Product launches and research for advanced products

The Surgical Instruments Market’s valuation touched USD 12.67 Billion in the year 2019 and is projected to hit USD 23.22 Billion by 2027, at a steady rate of 7.9% of CAGR, as per Reports and Data’s latest report. Distinct surgical procedures are required in several medical applications.

In today’s world, the surgical instrument products have become crucial to successful surgical procedures. Many developing countries like India & China with considerable population are witnessing an upsurge in demand for surgical tools, due to rapidly increasing different medical cases day by day. Growing prevalence of several chronic diseases is considered as a key growth driver in the industry. Additionally, rising distinct heart disease procedures and increasing frequency of road accidents are also other factors propelling the market. Moreover, in Asia Pacific, the growing number of childbirths is positively impacting the growth of the market. The region of North America, especially the U.S., is considered the most developed and advanced country in terms of modern healthcare. The availability of skilled professionals in the country is also fueling the growth of this industry.

Although the surgical instruments industry has progressed steadily over the years, however, there are few factors hindering its development. Such factors include the high surgical equipment costs leading to expensive surgical procedures and elevating need for surgery procedures’ alternatives worldwide.

Surgical procedures include multiple critical steps, even in the most uncomplicated procedures. All of these procedures come with the risk of failure and potential for causing injuries to patients.  These risks developed without the correct identification of the operative sites and patients, providing appropriate equipment sterilization, following several steps involved in the anesthesia’s safe administration, etc.

Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/2210

Further key findings from the report suggest

  • Registering a 2% CAGR, the market is rising exponentially in the Asia Pacific region followed by other regions like North America and Europe, registering respective rates of CAGR of 8.0% and 7.9%. The increasing need for surgeries because of distinct diseases globally is accelerating the industry’s growth in all these regions.
  • Among several applications, the segment of obstetrics & gynecology dominated the market, accounting for about 78% of the total industry share in 2019. Asia Pacific is the highest revenue-generating region for this product segment, followed by North America and Europe.
  • The reusable sub-segment has been anticipated to grow faster in the market over the period 2020-2027, registering an 8.3% CAGR. However, associated costs and several side effects are posing challenges in the growth of this segment.
  • The segment of handheld devices including Retractors, Forceps & Spatulas, Dilators, Auxiliary Instruments, Graspers, Cutter Instruments registered a valuation of USD 2.46 billion and is presumed to touch USD 4.36 billion by the year 2026.
  • Surgery has been a crucial public health’s component due to rapidly increasing longevity worldwide. In the settings of low-income, limited access to basic care has remained a major concern globally. The measurements required for improving the safety and interventions’ reliability have gone unrecognized.
  • In a year, over 63 million people undergo different surgical procedures for traumatic injuries, for malignancies—31 million people, and above 10 million due to increasing obstetric complications. Several surgical safety-related complications are recognized efficiently in developed as well as developing economies. However, unreliable quality & supplies of medications, the poor healthcare infrastructure and surgical equipment state, frequent shortcomings in controlling infection and managing organizations, and hurdles in the personnel’s’ supplies and training in developing countries are causing hindrance.
  • North America has been anticipated for accounting 33% of the global market share. The fast availability of skilled medical professionals and the availability of cutting-edge technologies incorporated in surgical practices are spurring growth in the market.
  • Soaring demand for alternatives to different surgical procedures like sealants and the high cost of the latest tools are hindering the market growth.
  • Key players include Becton, Zimmer Biomet Holdings, Inc., Dickinson & Company, Smith & Nephew Plc., B. Braun Melsungen AG, Stryker Corporation, Ethicon, Inc., Medtronic, Boston Scientific Corporation, Aspen Surgical Products, Inc., and Alcon Laboratories among others.

Early Diners Are Offered Free Customization

Get Attractive Discount on “Surgical Instruments Market – Forecast to 2026” @ https://www.reportsanddata.com/discount-enquiry-form/2210

For the purpose of this report, Reports and Data has segmented the Surgical Instruments Market on the basis of type, application, category, and region:

Type Outlook (Revenue, USD Billion; 2017–2027)

  • Surgical Sutures & Staplers
  • Handheld Surgical Devices
  • Electrosurgical Devices

Application Outlook (Revenue, USD Billion; 2017–2027)

  • Neurosurgery
  • Obstetrics & Gynecology
  • Plastic & Reconstructive Surgery
  • Orthopedic
  • Other Applications

Category Outlook (Revenue, USD Billion; 2017–2027)

  • Reusable
  • Disposable

Regional Outlook (Revenue in USD Million; 2017–2027)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
  • Middle East & Africa

Click on the Link to Read Key Highlights of the Report and Look at Projected Trends for Years to Come:  https://www.reportsanddata.com/report-detail/surgical-instruments-market

Get Insights into Our Other Trending Reports: 

Pediatric Hearing Aids Market Size, Share, Demand By Type (Behind-the-ear (BTE), Hearing Aids In-the-ear (ITE), Hearing Aids, Others), By Application (0-3 Years Old, 3-6 Years Old, Above 6 Years Old), And Region- Global Forecast To 2027

Amebocyte Lysate Market By Type (Limulus, Amebocyte, Lysate, Tachypleus, Amebocyte, Lysate), By Application (DrugTesting, ClinicalDiagnosis, Other) Regional Outlook And Forecasts, 2020-2027

Capecitabine Market By Type (500 mg 150 mg), By Application (Breast Cancer, Colorectal cancer, Stomach Cancer) Regional Outlook And Forecasts, 2020-2027

Ask for your specific company profile and country level customization on reports. 

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:
John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Facebook | LinkedIn | Twitter | Blogs

Sign up and submit a press release

Sponsored
New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email