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Surgical Equipment have wide applications in distinctive surgical techniques, for example, neurosurgery, plastic and reconstructive surgeries, wound closure, urology, obstetrics and gynaecology, thoracic surgery, micro-vascular, cardiovascular, orthopaedic surgery, laparoscopy and others. The Global Surgical Equipment Market is expected to grow at a CAGR of 6.2% during the forecast period.Global Surgical Equipment Market - Key Players
Some of the key players in this market are
Smith & Nephew (UK)
Braun Melsungen AG (Germany)
Ethicon US, LLC. (US)
Erbe Elektromedizin GmbH (Germany)
COVIDIEN (US)
CONMED Corporation (US)
MEDICON (US)
Integra LifeSciences Corporation (US)
Synergetics USA, Inc. (US)
Stryker Corporation (US)
KARL STORZ & Co. (US)
KLS Martin (Germany)
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Global Surgical Equipment Market - Competitive Analysis
The structure of Surgical Equipment Devices is changing due to acquisition of local manufactures with multinational companies. Boston Scientific’s had acquired SciMed, Microvasive, Schneider and EP Technologies. Baxter acquired Edwards Division, IV Systems, Clintec and Hyland Division. Because of increasing competition in the market, multination companies are using strategy of acquisition, which has increased the profit of the company as well as significantly reduced the competition.
April 2017 – Medtronic plc. had announced results of the ENDURANCE Supplemental trial in a late-breaking clinical trial session of the 2017 International Society for Heart and Lung Transplantation (ISHLT) Scientific Meeting in San Diego. According to company reports, the study evaluated company's HVAD(TM) System as a long-term therapy for patients needing heart pumps (left ventricular assist devices, or LVAD) who received improved blood pressure management. Medtronic is among the world's largest medical technology, services and solutions companies. Medtronic employees more than 88,000 people worldwide, serving physicians, hospitals and patients in approximately 160 countries.
Global Surgical Equipment Market – Highlights
Surgical equipment are used for both minor and major surgical procedures in hospitals and surgical centers and have a wide range of application in neurosurgery, ophthalmic surgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others. Electrosurgical devices, surgical sutures and staples, handheld instruments, electrosurgical generators, and monitoring devices are the various equipment that are used in surgeries.
The market is driven by increasing number of surgeries, & hospitals, increasing prevalence of different diseases and increasing geriatric population have boosted the market growth. Moreover, technological advancement, increasing number of ambulatory services and government initiatives have a synergistic effect on the market. However, high cost of the devices, shortage of skilled labour and strict regulatory policies are the major restraints for the market
Global Surgical Equipment Market - Segmentation
The Global Surgical Equipment Market is divided into product type, application, and end-user.
On the basis of product type, the market is segmented into surgical sutures and staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. Surgical sutures and staplers are further segmented into absorbable and non-absorbable sutures. Handheld instruments are sub-segmented into forceps, sutures, visual scope, and others. Electrosurgical devices are further categorized into electrosurgical instruments such as HET bipolar system, electrosurgical pencils, smoke evacuation system, electrosurgical generators, and others.
On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.
On the basis of end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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