Global Surgical Equipment Industry: Growth Opportunity | Medtronic Plc., Peters Surgical SASU, and Johnsons & Johnsons.

The global Surgical Equipment market size is expected to reach $49.66 Billion by 2028 growing at the CAGR of 5.42% from 2021 to 2028.

The surgical equipment market is mainly driven by factors such as increasing preference for robotic-assisted surgery and a surge in the geriatric population. Growth in robotic-assisted surgery is projected to drive the surgical equipment market since it ensures safety and accuracy during minimally invasive surgeries.

However, a limited regulatory framework in developing economies poses a challenge to the growth of the market. On the other hand, an increase in the geriatric population will lead to an increase in health disorders; which leads to the large market potential for surgical equipment products.

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Key Players

Some of the major Surgical Equipment players holding a high market share include Medtronic Plc., Peters Surgical SASU, and Johnsons & Johnsons. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Medtronic Plc.
● Peters Surgical SASU
● Johnsons & Johnsons
● CONMED CORPORATION
● Smith & Nephew PLC
● Cousin-Biotech
● Enthral Medical GMBH
● Fuhrmann GMBH
● Integral Lifesciences Holdings Corporation
● KLS Martin Group

The recently published research report on Global Surgical Equipment Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Surgical Equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Surgical Equipment market report also includes the following data points:
● COVID19 Impact on Surgical Equipment market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Surgical Equipment market

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Surgical Equipment Market:
o Surgical Sutures & Staplers
o Handheld Surgical equipment
o Electrosurgical Devices
o Other surgical equipment
o Others

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Surgical Equipment Market:
o Neurosurgery
o Plastic & Reconstructive Surgeries
o Wound Closure
o Urology
o Obstetrics & Gynecology
o Thoracic Surgery
o Microvascular
o Cardiovascular
o Orthopedic Surgery
o Laparoscopy
o Ophthalmic application
o Veterinary application
o Dental application
o Others

For more information: https://evolvebi.com/product/surgical-equipment-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America contributed to the largest share of the global surgical equipment market. The growth in this region was primarily due to technological advancements, increasing geriatric population, favorable regulatory framework, and high disposable income of the consumers. The introduction of new technologies for surgeries is expected to drive the market for surgical equipment across all regions including North America.
However, Asia-Pacific is also expected to have substantial growth potential during the forecast period owing to factors such as a rise in the aging population, along with the increase in healthcare infrastructure expenditure, and growing acceptance for advanced surgical procedures among consumers in developing countries.

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