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Surgical Equipment Market Development, Market Trends, Key Driven Factors, Segmentation and Growth Opportunities
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Moreover, promising reimbursement policies in developed countries, and escalation in aging population are also expected to support the growth of the market in the coming years. According to the World Health Organization, the population of 60 years and above is expected to rise to 15% in 2050. The advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the surgical equipment industry.
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Geographically, North America will be leading the global surgical equipment market in the coming years, due to encouraging reimbursement policies, approving regulatory framework, growth in geriatric population, and introduction of modern and innovative technologies. Asia-Pacific is the fastest growing region in the global surgical equipment market. The major reasons for the fastest growth of surgical equipment market in the region are escalating healthcare spending, huge pool of patients, and increasing government support in the region. Moreover, the surgical equipment market is growing due to increasing awareness of healthcare, and advancing healthcare infrastructure in the emerging countries, such as India and China, of Asia-Pacific region.
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Some of the companies operating in the global surgical equipment market are CareFusion Corporation, Integra LifeSciences Holdings Corporation, ERBE Elektromedizin, KLS Martin LP, CONMED Corporation, Ethicon, Inc., Aspen Surgical Products, Inc., Stryker Corporation, Medicon eG, Covidien Plc, and B. Braun Melsungen AG.
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