Surgical Instruments Market Is Likely To Reach USD 20.3 Billion By 2025: Grand View Research, Inc.
Global surgical instruments/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. Increasing number of minimally invasive
surgeries across the globe is anticipated to accelerate the market growth.
Treatment
of chronic diseases often require surgeries. Rising prevalence of chronic
diseases, such as, cardiovascular and neurological disorders is adversely
impacting the society. Surgery is considered as the primary mode of treatment
for patients suffering from such diseases, thereby, giving rise to more number
of surgical procedures being conducted. Minimally invasive surgeries are also
highly adopted by surgeons for treating several heart disorders.
Road
and other accidents are also anticipated to raise the demand for surgical
instruments in the coming years. Accident is one of the leading causes of
severe injuries. Based on statistics from Association for Safe International
Road Travel, around 2.35 million people gets injured every year due to such
accidents. As a result, there is a high demand for wound closure surgical procedures,
which in turn is expected to raise the demand for surgical tools.
U.S.
surgical instruments market by product, 2014 - 2025 (USD Million)
Browse full
research report on Surgical Instruments Market: http://www.grandviewresearch.com/industry-analysis/surgical-equipment-market
Further
key findings from the report suggest:
- The global surgical equipment market was valued
$10.5 Billion in 2016 and is expected to grow at 7.8% CAGR from 2017 to
2025
- Surgical sutures and staplers held the largest
market share in 2016 owing to its high cost and huge application in wound
closure surgeries
- Electrosurgical equipment are anticipated to
witness attractive growth over the forecast period due to growing trend
towards minimally invasive surgeries
- Obstetrics and gynecology dominated the market
in 2016 due to large number of caesarean surgeries being performed
worldwide
- Plastic and reconstructive surgeries is expected
to show lucrative CAGR in the coming years due to increasing concern for
esthetics among women
- In 2016, North America dominated the market due
to the availability of skilled surgeons and technologically advanced
surgical tools in the U.S.
- Asia Pacific is expected to show fastest growth
over the forecast period owing to the rising number of road accident cases
in India
- Major companies operating in the market include
Becton, Dickinson and Company; Stryker Corporation; B. Braun Melsungen AG;
Zimmer Biomet Holdings, Inc.; Aspen Surgical Products, Inc.; Smith &
Nephew plc; Medtronic; Alcon Laboratories, Inc.; and Ethicon, Inc.
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/instruments
market on the basis of product, application and region:
Surgical
Equipment/Instruments Product Outlook (Revenue, USD Million; 2014 - 2025)
- Surgical
Sutures and Staplers
- Handheld
Surgical Devices
- Forceps
and Spatulas
- Retractors
- Dilators
- Graspers
- Auxiliary
Instruments
- Cutter
Instruments
- Others
- Electrosurgical
Devices
Surgical
Equipment/Instruments Application Outlook (Revenue, USD Million; 2014 - 2025)
- Neurosurgery
- Plastic
and Reconstructive Surgery
- Wound
Closure
- Obstetrics
and Gynecology
- Cardiovascular
- Orthopedic
- Others
Surgical
Equipment/Instruments 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 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.
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