Surgical Equipment Market To Grow At CAGR Of 6.2% By 2023, Covid-19 Impact Analysis, Industry Size, Share, Growth, SWOT Analysis, Demand Overview, Top Company Profile, Key Regions

Surgical Equipment Market Overview

The global surgical equipment market is growing profusely over the recent years, witnessing a spurting rise in myriads of surgeries taking place worldwide. The rising numbers of orthopedic, spinal, and dental procedures is a major driving force. Besides, the upsurge in chronic diseases and the numbers of geriatric population is boosting the growth of the market.

Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/556

Also, increasing technological advances are accelerating the market growth enabling surgical equipment to acquire distinctive features. Moreover, factors such as the increasing numbers of healthcare facilities & surgical centers and dramatical growth in the medical device market escalate the market on a global platform.

According to Market Research Future (MRFR), the global surgical equipment market valuation is expected to appreciate at 6.2% CAGR during the review period (2018-2023). Digitization is another significant growth driver for the sales of surgical equipment that have skyrocketed further. High awareness of healthcare and rising disposable income contribute to market growth.

Increasing government initiatives have a synergistic effect on the market. Additionally, factors such as technological advancement, an increasing number of ambulatory services, and government initiatives are impacting the market growth positively. Also, the growing demand for effective and advanced procedure devices and equipment is anticipated to boost the surgical equipment market size. On the other hand, high cost and stringent regulatory policies impede the growth of the market.

Surgical Equipment Market Major Players:

Players leading the surgical equipment market include B. Braun Melsungen AG (Germany), Smith & Nephew (UK), Ethicon US, LLC. (US), COVIDIEN (US), Erbe Elektromedizin GmbH (Germany), CONMED Corporation (US), Integra LifeSciences Corporation (US), MEDICON (US), Synergetics USA, Inc. (US), KARL STORZ & Co. (US), Stryker Corporation (US), and KLS Martin (Germany), among others.

Surgical Equipment Market - Segments

The report is segmented by four key dynamic variables to widen the scope of understanding.

By Product Type: Surgical Sutures & Staplers, Handheld Instruments, Electrosurgical Devices & Generators, Monitoring Devices, and others.

By Application: Neurosurgery, Wound Closure, Urology, Cardiovascular Surgeries, Orthopedic Surgery, and others.

By End-User: Hospitals & Clinics, Ambulatory Surgical Centers, and others.

By Regions: Europe, Americas, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.

Surgical Equipment Market - Regional Analysis

North America dominates the global surgical equipment market. The market is predominantly driven by the rising numbers of orthopedic surgeries and increasing awareness about dental hygiene that leads to an increase in dental procedures & surgeries. Also, factors such as the growth of the medical device sector, increasing emphasis on quality care, and the availability of technologically-advanced surgical devices act as major tailwinds for the market growth.

The US, with the presence of key players in the medical device industry and extensive use of surgical devices, holds the largest surgical equipment market share in the region. Besides, developments of advanced surgical approaches and treatment procedures are positively impacting the surgical equipment market growth.

Europe stands second in the global surgical equipment market. The market growth majorly attributes to the increasing government support for R&D required for the development of surgical devices and equipment. Moreover, an increase in the number of spinal, orthopedic, and dental surgeries acts as a major driving force behind the regional market growth. Furthermore, the geographical expansion of companies that has been expanding the reach of pharmaceutical products & services is propelling the European surgical equipment market size.

The Asia Pacific surgical equipment market is growing rapidly, mainly due to the developments in the medical sector in India and China. Also, factors such as the vast population, rapidly changing economy, increasing healthcare expenditure, and the increasing number of medical device & equipment manufacturing companies drive the regional market growth. India and Australia demonstrate the fastest growth in the market owing to the availability of qualified & skilled medical professionals and growing healthcare expenditure.

Global Surgical Equipment Market - Competitive Analysis

Fiercely competitive, the surgical equipment market appears to be fragmented due to the presence of several well-established players. To gain a significant share of this market, global surgical equipment market companies initiate strategies such as mergers & acquisitions, collaboration, and innovations. For business expansion, they acquire small yet promising companies in the emerging markets, focusing on optimized situational awareness for customers. Such strategic acquisitions increase the profit of the company as well as reduced the market competition significantly. Also, they increasingly invest in R&D activities to develop a cost-effective product portfolio.

Surgical Equipment Industry/ Innovation/ Related News:

February 19, 2020 ---- Agiliti, Inc. (the US), a leading provider of healthcare technology management and service solutions, announced the acquisition of America’s third-largest provider of surgical equipment repair services to the healthcare industry - Mobile Instrument Service & Repair, Inc. The combination expands and extends Agiliti’s clinical equipment service offering. Also, the exciting new addition builds on Agiliti’s proven, customer-centric model for outsourced clinical engineering services.

April 02, 2020 --- Align Technology, Inc. (the US), announced the acquisition of exocad Global Holdings GmbH (the US), a company specializing in dental CAD/CAM software. Align Technology designs and manufactures the Invisalign® system, advanced clear aligner system, and iTero® intraoral scanners & services. exocad, on the other hand, offers fully integrated workflows to dental labs and dental practices. The acquisition broadens Align’s digital platform reach by addressing restorative needs on a digital platform.

Ask Questions To The Experts @ https://www.marketresearchfuture.com/enquiry/556

Table Of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

...Continued

Obtain Premium Research Report Details considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/surgical-equipment-market-556

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

This release was published on openPR.