Press release
Global Surgical Instruments Market is projected to reach USD 17.69 billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025 :Top keyplayers are Medtronic Plc., Stryker Corporation, Johnsons & Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smit
Global Surgical Instruments Market AnalysisGlobal Surgical Instruments Market was valued at USD 11.09 billion in 2017 and is projected to reach USD 17.69 billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025.
What are Surgical Instruments
Surgical instruments are defined as tools or devices that are used for performing functions such as cutting, dissecting, grasping, holding, dilating or enlarging, suctioning, retracting, or suturing. These instruments are used in a variety of procedures and operations. Most surgical instruments are made from stainless steel. Apart from stainless steel, other metals used are titanium, chromium, vanadium, and molybdenum. Surgical instruments are in high demand due to increased number of surgeries and increasing stringency towards quality of treatment being provided by healthcare centers. Thus, this contributes in the growth of surgical instruments market.
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Global Surgical Instruments Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rising trend towards minimally invasive surgeries, presence of numerous risk factors, such as hypertension, smoking, obesity, and diabetes and growing ageing population have been driving the global surgical instruments market. On the other hand, stringent government regulations and lack of proper reimbursement for surgical equipment might hamper the overall market at a global level.
The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Surgical Instruments Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Surgical Instruments Market Competitive Landscape
The “Global Surgical Instruments Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Medtronic Plc., Stryker Corporation, Johnsons & Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew Plc, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, and KLS Martin Group. The other companies profiled in this report include Abbott Laboratories, Applied Medical Resources Corporation, Microline Surgicals, Inc. (Subsidiary of Hoya Corporation), Olympus Corporation, Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, Aspen Surgical Products, Inc, Becton, Dickinson and Company, Intuitive Surgical, and Teleflex Incorporated. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Surgical Instruments Market Segmentation, by Product
Surgical Sutures and Staples
Surgical Sutures
Surgical Staples
Handheld Surgical equipment
Forceps and Spatulas
Retractors
Auxiliary Instruments
Dilators
Graspers
Cutter Instruments
Others
Electrosurgical Devices
Global Surgical Instruments Market Segmentation, by Category
• Reusable Surgical Equipment
• Disposable Surgical Equipment
Global Surgical Instruments Market Segmentation, by Application
• Neurosurgery
• Plastic and Reconstructive Surgeries
• Wound Closure
• Urology
• Cardiovascular Surgery
• Orthopedic Surgery
• Laparoscopy
• Others
Global Surgical Instruments Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
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