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Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Competitive And Growth Analysis 2024
"The Business Research Company recently released a comprehensive report on the Global Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The hepatic-pancreatic-biliary (HPB) surgical device market size has grown strongly in recent years. It will grow from $4.85 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, global expansion of healthcare infrastructure, rise in minimally invasive surgeries, regulatory approvals and standardization, rising demand for ambulatory surgical centers.
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Market Drivers and Trends:
Rising medical tourism is expected to propel the growth of the hepatic-pancreatic-biliary (HPB) surgical device market going forward. Medical tourism refers to the practice of individuals traveling to another country or region to seek medical treatment, healthcare services, or procedures. Medical tourism uses hepatic-pancreatic-biliary (HPB) surgical devices to give people from other countries access to specialized and high-quality surgeries for problems with the liver, pancreas, and bile ducts. These surgeries are often more cost-effective, use more advanced technology, and have shorter wait times than in the patients' home countries. For instance, in September 2022, ALM BenefitsPRO, a US-based employee benefits data resource, in 2022, approximately 263,000 Americans travelled abroad for medical care, an increase from the 115,000 in 2020. Therefore, rising medical tourism is driving the growth of the hepatic-pancreatic-biliary (HPB) surgery and surgical devices market.
Major companies in the hepato-pancreatic-biliary (HPB) surgery surgical devices market are developing innovative technological products, such as robotic-assisted surgical staplers, to gain a competitive edge in the market. The robotic-assisted surgical stapler is a device used in various surgical procedures, particularly in gastrointestinal surgeons, surgical oncologists, bariatric surgeons, and HPB (Hepato-Pancreatic-Biliary). For instance, in June 2021, Intuitive Surgical Inc., a US-based medical device company, launched SureForm, a robotic-assisted surgical stapler. The stapler comes equipped with SmartFire technology, which is integrated software that makes automatic adjustments to the firing process as staplers are being formed and as the transaction is being made, helping optimize a consistent staple line and prevent tissue damage across a range of tissue thicknesses.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Cardinal Health Inc., Johnson & Johnson Services Ltd., General Electric Company, 3M Company, Medtronic Plc, KARL STORZ SE & Co. KG, FUJIFILM Holdings Corporation, BD CooperSurgical Inc., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Steris Plc, W.L. Gore & Associates Inc., Cook Medical Inc., CONMED Corporation, Richard Wolf GmbH, CooperSurgical Inc., Medi-Globe GmbH, Thompson Surgical Instruments Inc., Lotus Surgicals Pvt. Ltd., Comepa Industries, Hobbs Medical Inc., TeleMed Systems Inc., Medorah Meditek Pvt. Ltd., Origio India Pvt. Ltd.
Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market 2024 Key Insights:
• The hepato-pancreatico-biliary (hpb) surgeries surgical devices market is expected to grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Medical Tourism's Impact On The Hepato-Pancreatico-Biliary (HPB) Surgical Device Market
• Innovative Advancements In The Hepato-Pancreatico-Biliary (HPB) Surgical Devices Market
• North America was the largest region in the hepatic-pancreatic-biliary (HPB) surgical device market in 2023
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