Surgical Equipment Market is Expected to Showcase a Significant CAGR of 7.0% Till 2023

Increase in the incidence of chronic diseases, the rise in geriatric population and surge in the number of surgical procedures worldwide drive the growth of the global surgical equipment market. In addition, increase in healthcare expenditure and growth in demand for plastic & reconstructive surgery and technologically advanced minimally invasive surgical procedures supplement the market growth.

However, stringent government regulations and poor reimbursement schemes for surgical equipment hinder market growth. On the other hand, untapped markets in emerging economies and the launch of advanced technologies would create new pathways for the market players in the future.

Get Sample Report with Detail TOC@ https://www.alliedmarketresearch.com/request-sample/68?utm_source=openpr&utm_medium=ss

Allied Market Research published report offers an in-depth analysis of the market size & share, drivers & opportunities, key winning strategies, top investment pockets, competitive landscape among others. According to the report, the global surgical equipment market garnered $10.49 billion in 2017 and is expected to reach $15.73 billion by 2023, registering a CAGR of 7.0% from 2017 to 2023.

Major Players:

•Medtronic Plc.
•Stryker Corporation
•Johnsons & Johnsons
•Conmed Corporation
•Alcon Laboratories Inc.
•Smith & Nephew Plc
•Zimmer Holdings Inc.
•Boston Scientific Corporation
•B. Braun Melsungen AG
•KLS Martin Group.

Make a Purchase Enquiry of Report @ https://www.alliedmarketresearch.com/purchase-enquiry/68?utm_source=openpr&utm_medium=ss

Surgical sutures & staplers segment to lead, electrosurgical devices segment to grow the fastest -

The surgical sutures & staplers segment accounted for 40% of the total market share in 2017 and would continue its dominance through 2023, owing to the huge demand for wound closure as well as the closure of surgical incision site. However, the electrosurgical devices segment would register the fastest CAGR of 8.3% from 2017 to 2023. This is attributed to the increased demand for advanced surgical techniques and the high demand for minimally invasive surgical procedures. The handheld surgical instruments segment would grow at a steady pace during the forecast period.

Reusable surgical equipment to be the highest revenue generator by 2023 -

The reusable surgical equipment segment contributed more than half of the total market share in 2017 and would maintain its lion's share through 2023, as surgeons across the globe use this equipment mainly to reduce overhead costs, especially those who operate in small medical set-ups or ambulatory surgical center (ASC) settings. However, the disposable surgical equipment segment is expected to grow at the fastest CAGR of 7.2% from 2017 to 2023, owing to the increasing penetration of disposable equipment during surgeries as well as large-scale use of reliable and high-strength medical grade engineered polymers or plastics for constructing disposable surgical equipment.

Plastic & reconstructive surgeries segment to grow the fastest -

A rise in the number of cosmetic surgical procedures worldwide has enabled the plastic & reconstructive surgeries segment to grow at the fastest CAGR of 8.7% from 2017 to 2023. However, the laparoscopy segment accounted for 21.5% share of the total market revenue in 2017 and is expected to remain dominant throughout the forecast period, owing to the rise in obese population across the globe and increase in preference for bariatric surgeries. The study also analyzes various applications such as neurosurgery, wound closure, urology, obstetrics and gynecology, thoracic surgery, microvascular, cardiovascular orthopedic surgery, and others.

Key Benefits for Stakeholders:

•The study provides in-depth analysis with the current trends and future estimations of the global surgical equipment market to elucidate the imminent investment pockets.

•Comprehensive analysis of the factors that drive and restrict market growth is provided.

•The quantitative analysis of the industry from 2016 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.

•Extensive analysis of key segments of the industry is provided to understand the types of surgical equipment used globally.

•Key players and their strategies are analyzed to understand the competitive outlook of the market.

For More Detail Information Speak with Experts @ https://www.alliedmarketresearch.com/connect-to-analyst/68?utm_source=openpr&utm_medium=ss

About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
Sona Padman
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com

This release was published on openPR.