Surgical Equipment Market Industry,Size, Share, Growth and Analysis Forecast 2023

1. Surgical Equipment Market Global Opportunity Analysis and Industry Forecast, 2017-2023

2. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 According to a new report published by Allied Market Research, titled, Surgical Equipment Market by Product, Category, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global surgical equipment market valued at $9,783.8 million in 2016, and is estimated to reach $15,737.1 million by 2023, at a CAGR of 7.0% during the forecast period. The surgical sutures & staplers segment accounted for two-fifths of the total market share in 2016. Access Full Summary at : https://www.alliedmarketresearch.com/surgical-equipment-market Surgical equipment are tools that are designed to view internal body organs or modify biological tissues. They are used for various surgical procedures such as neurosurgery, urology, laparoscopic, plastic surgery, cardiovascular, and others. Surge in prevalence of chronic disorders among geriatric population, increase in number of surgical procedures, and increase in demand for surgical procedures such as minimally invasive surgeries and laparoscopic surgeries act as the major drivers of the global surgical equipment market. However, uncertainty in reimbursements and highly competitive environment regarding price of surgical equipment restrict the market growth.

3. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 Product Segment Review Global surgical equipment market by product type is further classified into three segments namely surgical sutures & staplers, handheld surgical devices, and electrosurgical devices. The surgical sutures & staplers segment dominated the overall market in 2016 and is also estimated to continue its dominance over the forecast period. This is attributed to its huge demand for wound closure and the closure of surgical incision site. However, electrosurgical devices segments is anticipated to grow at the fastest pace during the forecast period, and such devices are incorporated in the surgical treatment of benign and malignant skin conditions, cardiovascular surgery, and microvascular surgery among others. The handheld surgical devices market is further classified into forceps & spatulas, retractors, dilators, graspers, auxiliary instruments (clamps, cannulas, and closure devices), cutter instruments (trocars, lancets, and scissors), and others (suction tubes, rasps, dissectors, and needle holders). The cutter instruments segment dominated the market in 2016, owing to the high adoption of cutter instruments to cut the body tissues in major surgical procedures.

4. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 The applications covered in the study include neurosurgery, plastic & regenerative surgery, wound closure, urology, obstetrics & gynecology, thoracic surgery, microvascular, cardiovascular, orthopedic surgery, laparoscopy, and others. The laparoscopy surgery segment held the largest market share in 2016, accounting for one-fifths of the total market. However, plastic & reconstructive surgery is estimated to grow at the fastest pace during the forecast period, owing to rise in number of aesthetic/cosmetic surgical procedures across the globe. Request Fore Free Sample Report: https://www.alliedmarketresearch.com/request-sample/68

5. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 • Key Findings of the Surgical Equipment Market: • The reusable surgical equipment segment dominated the global market in 2016 and is expected to maintain this trend throughout the forecast period. • Closure devices was the major contributor to the revenue of surgical auxiliary instruments in 2016 and is anticipated to maintain this trend throughout the forecast period. • Lancets/Scalpels registered highest growth in the surgical cutter instruments market during the forecast period. • Retractors is anticipated to grow at the fastest pace in the handheld surgical instruments market during the forecast period. • Europe accounted for one-third of total market share in 2016 and is expected to maintain this trend throughout the forecast period. • UK is anticipated to grow at the fastest pace in the European surgical equipment market during the forecast period.

6. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 Geographically, the surgical equipment market is studies across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the surgical equipment market in 2016, accounting for three-sevenths of the total market. This was attributed to well-established healthcare system in North America, high adoption of innovative minimal invasive & laparoscopic surgical procedures, rise in prevalence of chronic diseases & related surgical procedures, and surge in demand for plastic & reconstructive & bariatric surgeries.Similarly, the growth of the surgical equipment market in the European region was attributed to increase in geriatric population and high demand for minimally invasive surgeries.

7. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 The major key players profiled in the global surgical equipment market include 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, Johnsons & Johnsons, and Smith & Nephew. Acquisition was the key strategy adopted by the leading players to expand their product offerings and gain a substantial share in the global market. The other companies profiled in this report include Abbott Laboratories, Applied Medical Resources Corporation, MicrolineSurgicals, Inc. (Subsidiary of Hoya Corporation), Olympus Corporation, Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, Aspen Surgical Products, Inc, Becton, Dickinson and Company, Intuitive Surgical, and Teleflex Incorporated. Do Purchase Report at: https://www.alliedmarketresearch.com/purchase-enquiry/68

8. SURGICAL EQUIPMENT MARKET Opportunity Analysis and Industry Forecast, 2016-2023 Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On