Surgical Instruments Market Is Expected To Reach $20.3 Billion By 2025: Grand View Research, Inc.
The global surgical equipment market is anticipated to reach
a value of USD 20.3 billion by 2025, according to a new report by Grand View
Research, Inc. The rapidly escalating number of minimally invasive surgical
procedures throughout the world is expected to support market growth.
Chronic diseases are one of the
major leading causes of surgeries at a global level. Increasing prevalence of
chronic diseases, such as neurological and cardiovascular disorders, is
affecting the society to a great extent. As a result of which, the number of
surgeries is increasing. This is mainly due to the fact that surgery is the
primary treatment for people suffering from such disorders. In addition,
minimally invasive surgeries are also trending as treatment for heart diseases.
Road and other accidents are also
expected to drive the surgical instruments market over the forecast period.
This is due to the fact that accidents might lead to severe injuries. As a
result of which, wound closure surgeries are anticipated to rise, thereby,
supporting the demand for surgical equipment.
Browse full research report on Surgical
Instruments Market: http://www.grandviewresearch.com/industry-analysis/surgical-equipment-market
Further key findings from the
study suggest:
- Surgical
sutures and staplers dominated the surgical equipment market in 2015 due
to its high cost and greater usage in wound closure treatments
- Electrosurgical
equipment are expected to show lucrative CAGR over the forecast period
owing to increasing adoption of minimally invasive surgeries
- Obstetrics
and gynecology held the largest market share in 2015, owing to growing
number of caesarean surgeries worldwide
- Plastic
Surgery Statistics Report data showcased 1.7 million cosmetic surgical
procedures in 2015 and a 2% rise from the 2014 data. This infers a
significant rise in plastic and reconstructive surgeries in the coming
years
- North
America contributed toward the largest revenue in 2015 owing to
well-established infrastructure and technologically advanced instruments
for surgeries
- Asia
Pacific is projected to witness an attractive CAGR over the forecast
period, primarily due to increasing prevalence of chronic cardiovascular
diseases
- Few
key players for the market include B. Braun Melsungen Ag; Smith &
Nephew plc; Zimmer Biomet Holdings, Inc.; Stryker Corporation; Alcon
Laboratories, Inc.; Aspen Surgical Products, Inc.; Medtronic, Inc.;
Ethicon, Inc.; and Becton, Dickinson and Company
Grand View Research has segmented
the surgical equipment market on the basis of product, application and region:
Surgical Equipment Product
Outlook (Revenue, USD Million; 2014 - 2025)
- Surgical
Sutures and Staplers
- Handheld
Surgical Devices
- Forceps
and Spatulas
- Retractors
- Dilators
- Graspers
- Auxiliary
Equipment
- Cutter
Equipment
- Others
- Electrosurgical
Devices
Surgical Equipment Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Neurosurgery
- Plastic
and Reconstructive Surgery
- Wound
Closure
- Obstetrics
and Gynecology
- Cardiovascular
- Orthopedic
- Others
Surgical Equipment Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-surgical-equipment-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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