Introduction of novel technologies such as robot assisted surgical tools and development of minimally invasive surgical equipment are amongst key factor driving the global surgical equipment market.
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Surgical Equipment Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.
1. Surgical Equipment Market (Surgical Sutures and Staples,
Surgical Handheld Instruments, and Electrosurgical
Devices), Analysis, Market Size, Regional Outlook,
Competitive Strategies and Forecasts, 2014 To 2020
Introduction of novel technologies such as robot assisted surgical tools and
development of minimally invasive surgical equipment are amongst key factor
driving the global surgical equipment market. Furthermore, growing geriatric
population coupled with increasing number of surgical procedures is expected to
propel the growth of surgical equipment market over the forecast period.
Innovation in surgical instruments which offer improved outcomes and growing
demand for minimally invasive procedures are few critical success factors for the
growth of global surgical equipment market over the estimated period of six years.
2. For More Information on "Surgical Equipment Market Research Reports"
visit - http://www.grandviewresearch.com/industry-analysis/surgical-
equipment-market
On the basis of product type surgical equipment market is segmented into surgical
handheld instruments, surgical sutures and staples and electrosurgical devices. The
surgical handheld instruments are further segmented as retractors, forceps, scissors
and scalpels. As of 2012, surgical sutures and staples emerged as highest revenue
contributing product segment in global surgical equipment market. However,
electrosurgical devices are expected to witness lucrative growth over the forecast
period owing to the growing demand for minimally invasive surgical procedures
that immensely use these devices.
3. North America, Asia Pacific, Europe and RoW are amongst regional market
included in the scope of study. North America emerged as the most revenue
generating regional market owing to the continuous R&D initiatives coupled with
technological advancements which is leading to the development of novel products
which is further expected to boost the growth of the regional market. However,
Asia Pacific is expected to grow at a lucrative CAGR over the next six years due to
increasing awareness pertaining to the advanced surgical equipment, rising
healthcare expenditures and presence of a large patient base which are likely to
undergo various surgical procedures.
4. Various companies are adopting strategies such as collaboration, expansions and
acquisitions to keep a strong foothold in the surgical equipment market. Key
players operating in surgical equipment market includes KLS martin group,
Zimmer holdings Inc., Smith & Nephew PLC, Ethicon Inc., Alcon Laboratories
Inc., Carefusion Corporation, Conmed Corporation, Stryker Corporation and
Medtronic Inc. Stryker, Carefusion and Zimmer are the key players dominating the
market for electrosurgical devices segment which is attributing for the tremendous
growth in the surgical equipment market over the forecast period.
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