According to a new market research report published by Global Insight Services “Surgical Equipment Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Surgical equipment is any medical device that is used during a surgical procedure. This equipment can be as simple as a scalpel or as complex as a heart-lung machine. The type of equipment used depends on the type of surgery being performed.
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Key Players
Some of the key players operating in the global surgical equipment market include Medtronic Plc., Peters Surgical SASU, Johnsons & Johnsons, Conmed Corporation, Novartis International AG, Smith & Nephew PLC, Boston Scientific Corporation, B. Braun Melsungen AG, Cousin-Biotech and Enthral Medical GMBH.
Key Trends
Some of the key trends in surgical equipment technology include the development of smaller and more portable devices, the use of 3D printing technology to create customized devices and implants, and the use of robotics to assist in surgery.
The trend towards smaller and more portable surgical equipment is being driven by the need for less invasive surgeries, which are associated with shorter hospital stays and faster recovery times. This trend is also being driven by the increasing use of outpatient surgery, which requires smaller and more portable equipment that can be easily transported between facilities.
The use of 3D printing technology to create customized devices and implants is another key trend in surgical equipment technology. This technology allows for the creation of bespoke devices and implants that are specifically tailored to the patient’s anatomy. This is particularly beneficial for patients who have complex anatomical features or who require unique implants.
The use of robotics to assist in surgery is another key trend that is gaining popularity. Robotics can be used to improve the accuracy and precision of surgical procedures, as well as to reduce the risk of human error. Robotics can also be used to assist in the rehabilitation of patients post-surgery.
Key Drivers
The key drivers of the surgical equipment market are the increasing number of surgical procedures, the aging population, the rising prevalence of chronic diseases, and the growing demand for minimally invasive surgeries. Other factors driving the market growth include the technological advances in surgical equipment, the increasing healthcare expenditure, and the growing number of hospitals and ambulatory surgical centers.
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Market Segmentation
The global surgical equipment market is segmented on the basis of product, category, applications, and region. By product, the market is classified into surgical sutures & staplers, handheld surgical devices, electrosurgical devices, other surgical equipment. By category, the market is bifurcated into reusable surgical equipment and disposable surgical equipment. By application, the market is divided into neurosurgery, plastic & reconstructive surgeries, wound closure and urology and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Surgical Equipment Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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