Thu, 08 Dec 2022

Surgical Equipment Market: Introduction

According to the report, the global surgical equipment market was valued at US$ 9.7 Bn in 2019. It is projected to expand at a CAGR of ~4% from 2020 to 2030. Surgical equipment consists of endo mechanical and electrosurgical devices that are used in minimal invasive surgeries as well as open or invasive surgeries. Most common endomechanical devices are staplers, trocars, ligation kits, and forceps. These devices use mechanical stress or power to perform procedures such as ligation, hemostasis, and access to surgical area.

Electrosurgical devices utilize high frequency electrical current to cut, coagulate, and desiccate tissues. Electrical devices comprise generators and accessories or consumables. Based on their mode of action, the accessories can be categorized into monopolar accessories, bipolar accessories, and vessel sealer instruments. North America dominated the global surgical equipment market in 2019. The trend is anticipated to continue during the forecast period. Rise in healthcare spending and rapid adoption of advanced surgical equipment are expected to drive the market in the region.

Get Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=183

Surge in Demand for Minimally Invasive Procedures to Drive Global Surgical Equipment Market

Minimally invasive procedures are witnessing increased demand across all medical specialties due to advantages associated with these surgeries. The advantages include precise incision, minimal blood loss, reduced post-surgery complications & side effects, faster recovery span, and shorter duration of hospital stay. Electrosurgical devices play a key role during minimally invasive procedures. Rise in demand for these procedures is expected to drive the market, especially the electrosurgical devices segment.

Surgical Sutures and Staples to Dominate Global Market

In terms of product, the global surgical equipment market has been classified into surgical sutures & staples, handheld instruments, and electrosurgical devices. Surgical sutures & staples are widely utilized surgical equipment. Ethicon, Inc., B. Braun Melsungen AG, and Covidien plc are major manufacturers of surgical sutures and staples, and actively promote their brands through various marketing strategies such as launches of advanced cutting staplers, and price discount in the market. This drives the demand for the product.

Get Report Methodology @ https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=183

Surgical Equipment to be Majorly Used in General Surgeries

Based on application, the global surgical equipment market has been categorized into ophthalmology, gynecology, general surgery, bariatric surgery, and plastic surgery. The general surgery segment held a major share of the global market in 2019, as abdominal surgeries including esophagus, stomach, small intestine, large intestine, liver, pancreas, gallbladder, appendix and bile ducts, and often the thyroid gland are rising across the globe.

Hospitals to be Highly Lucrative End User

In terms of end user, the global surgical equipment market has been divided into hospitals, ambulatory surgical centers, and clinics. Higher number of operation theaters in hospitals is fueling the demand for surgical instruments. Moreover, the number of hospitals is increasing the regions, such as Asia Pacific and the Middle East, which is boosting the demand for new shipment of surgical equipment.

Get Custom Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=183

North America to Dominate Global Surgical Equipment Market

In terms of region, the global surgical equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global surgical equipment market in 2019, followed by Europe. North America accounted for a major share of the global surgical equipment market in 2019, primarily due to significant favorable reimbursement for surgeries, which drives preference among patients to undergo surgery and adoption of advanced surgical equipment in healthcare institutes.

Competition Landscape of Surgical Equipment Market

The global surgical equipment market is fragmented in terms of number of players. Key players in the global surgical equipment market include Medtronic plc, CONMED Corporation, Olympus Corporation, BD, Stryker, Meril Life Science Pvt. Ltd., Integra Lifescience Corporation, Ethicon, Inc., and Healthium Ltd.

Related Report –

Diaphragm Pump Market: https://www.biospace.com/article/diaphragm-pump-market-outlook-competitive-landscape-and-forecasts-to-2026/

Digital Pathology Market: https://www.prnewswire.com/news-releases/anti-aging-market-japan-is-expected-to-account-for-the-largest-market-share-to-2028-tmr-study-301660022.html

Disinfectants Market: https://www.biospace.com/article/disinfectants-market-to-be-worth-us-14-9-bn-by-the-end-2030-rise-in-awareness-about-cleanliness-and-hygiene-among-population-to-drive-market/

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Tags: , , , , ,

See Campaign: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=183

Contact Information:

Nikhil Sawlani

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Tags:Reportedtimes, Financial Content, Extended Distribution, iCN Internal Distribution, Research Newswire, English

Sign up for Miami News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!