Technologically Advanced Products Such As Electrosurgical Instruments Is Expected To Drive Surgical Equipment Market Growth Till 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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
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
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.
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