Global Surgical Equipment Market | Market Research Reports |
Posted: September 30, 2014 |
Fuelled by demand of non-invasive surgeries, the global surgical equipment market to grow at a CAGR of 11.1% from 2014 to 2020 Expected to reach USD 12.1 billion by 2020, the global surgical equipment market would grow at a CAGR of 11.1% from 2014 to 2020. Surgical sutures and staples dominate the market presently. However, the market is expected to decline through 2013 to 2020 due to the introduction and preference of the minimally invasive surgical equipment’s. Instead of these, the electrosurgical devices and robotic technology are expected to push the market towards growth especially due to the recent increase of chronic diseases that require innovative surgeries. This report, Global Surgical Equipment Market (Types, Applications and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation And Forecast, 2013 – 2020 provides an overall market definition and scope along with an overview of advanced surgical technologies. Market overview It is forecasted that by 2020, the technology applied in the surgical equipment market would advance further and it would revolutionize the way surgical operations are being conducted today. Moreover, even various manufacturing companies developing this technology would dominate a significant part of the market. However, in spite of the growth prospects, poor quality assurance regarding the performance, improper methods of sterilization process for reusable equipment and lack of regulations in some key regions, especially in the emerging economies are some of the factors that can affect the overall growth of the market. Of all the major areas, North America would remain the global leader in the surgical equipment market with Europe and Asia-Pacific closely following. Both Europe and North America is seeing growth mainly due to rapid development of new technologies, growing old age population, good regulatory frameworks and consumers’ easy access to disposable incomes. On the other hand, Asia Pacific is expected to experience growth due to its establishment as a medical tourism hub. Furthermore, the prevalence of chronic diseases in that area and the rise of unmet healthcare needs along with favorable reimbursements are some of the factors that would be adding to the growth prospects of the market in the Asia Pacific region. Key players of the market Some of the key players of the market that currently share approximately more than half of the global revenue of surgical equipment market are Stryker Corporation, Carefusion Corporation, Medtronic Inc., Alcon Laboratories Inc., Ethicon Inc., Smith & Nephew PLC, KLS martin group, and Zimmer Holdings Inc. Of them, Zimmer, Carefusion and Stryker are dominating the market for electrosurgical devices that have been expected to see tremendous growth in the forecasted period. One of the popular strategies adopted by companies is product launch, which led Zimmer to introduce three products for minimally invasive surgery namely Posterior Instrument set, Viewline Retractor System, and Tube Retraction System. These surgical equipments are mostly used in micro-disectomy procedures. For further insights, Get Sample here: - http://www.researchonglobalmarkets.com/pubmod/index/getsample/id/80944 About Research on Global Markets Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements. For more details on the content of each report and ordering information please contact: Phone: US/CAN: +1 800 986 6819 UK: +44 203 514 2363 India: +91 22 4098 7600 E-Mail: [email protected] Source: Researchonglobalmarkets.com
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