Surgical Equipment Market 2018; Concerns over the Rising Healthcare Costs Propel the Market to a High CAGR of ~ 7.2 %Forecasts Till 2023

Market research future published a Half cooked research report on Americas Surgical Equipment Market. The sector is projected to achieve a CAGR of 7.2% approximately in the forecast period.

Surgical Equipment Market Overview:

Increasing numbers of surgical procedures globally have consequently contributed to the development of this industry. Market Research Future, which specializes in market reports related to the Healthcare sector among others, recently published a report on this market. With advances in surgical knowledge, the surgical procedures have become more refined and accurate which necessitates the need for equally accurate surgical instruments. The sector is projected to achieve a CAGR of 7.2% approximately in the forecast period.

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The Americas region has grown significantly due to innovations for the treatment various types of diseases. This has led to an increase in the influx of patients to the region seeking medical assistance due to the presence of cutting edge technologies in the sector. The market’s growth can however be restricted due to the high cost of labor and shortage of skilled labor.

Surgical Equipment Market Market Scenario:

Surgical equipment are used during surgeries. Surgical equipment have a wide range of application in neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery and others. Surgical instrument are broadly classifies into three important category surgical sutures and staples, handheld instruments and electrosurgical devices. That the reason they has the highest share of around 55%.However, high cost of the devices, shortage of skilled labour and strict regulatory policies are the major restraints for the market. The America surgical equipment market is expected to grow at a CAGR of ~7.2% over forecasted period.

Surgical Equipment Market Key Players

Some of the key players in this market are: Smith & Nephew (UK), B. 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), and KLS Martin (Germany).

Surgical Equipment Market Industry Segments

The Americas surgical equipment market is divided into product type, application, and end users for the purpose of the study. The market on the basis of product type is segmented into electrosurgical generators, handheld instruments, surgical sutures & staplers, electrosurgical devices, monitoring devices and others. The staplers & surgical sutures are further segmented into non-absorbable and absorbable sutures. Handheld Instruments are sub segmented into forceps, visual scope, sutures and others.

The market On the basis of application, is segmented into wound closure, neurosurgery, urology, cardiovascular surgeries, orthopedic surgery and others. The end users of this industry are government hospitals, private hospital and other.

Surgical Equipment Market Detailed Regional Analysis:

The American surgical equipment market is poised for a healthy growth period owing to introduction of advanced devices, growing number of healthcare organization, and expanding geriatric population. In addition to this, increasing commonness of diseases & disorder, government initiatives and high healthcare spending have driven the market growth. Well-developed healthcare infrastructure has been instrumental in developing the market. US and Canada are the two of the major contributors for the North American surgical equipment market. However, South America is one of the fastest growing segments in the market.

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Surgical Equipment Market Global Competitive Analysis:

The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. Companies aiming to capture a substantial share of the market segment as early as possible, experimentation with numerous advantage points being seriously considered and implemented.

Surgical Equipment Market Industry Updates:

Jan 2018 Medtronic Plc has recently disclosed its restructuring plan that will allow the company to achieve savings between $500 million to $700 million annually over the next five years. The company expects an annual gross run-rate savings of over $3 billion by 2022 from the program. They also expect total expenses from the restructuring to be between $1.6 billion and $1.8 billion from 2018 to 2022.

Sep 2017 Integra LifeSciences Holdings Corporation who have established their position as a global leader in medical technology, announced of late, that it has signed an agreement to sell certain parts of its neurosurgery assets to Natus Medical for $47.5 million. The divestiture is subject on the consummation of Integra’s proposed acquisition of Codman Neurosurgery from Johnson & Johnson.

Major TOC on Americas Surgical Equipment Market:

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope Of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

Market Dynamics
4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Threats

Market Factor Analysis
5.1 Value Chain Analysis

5.2 Porters Five Forces

5.3 Demand & Supply: Gap Analysis

TOC Continued…….!

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