Medtronic, Stryker, CONMED, Johnson & Johnson, Zimmer Biomet Are the Top Global Surgical Equipment Market Players

The global surgical equipment market is likely to cross $11 billion, growing at a CAGR of 7.9% during 2016–2022. Although the surgical procedures worldwide is a primary driving factors of the market, the launch of advanced surgical equipment both in traditional as well as electrosurgical segment will drive the market. The market is likely to witness a shift from traditional surgical sutures and staples to hand-held electrosurgical equipment. The plastic and reconstructive application segment is expected to grow at a rapid pace. North America to remain as the largest market.

View report: https://www.arizton.com/reports/healthcare-lifesciences/surgical-equipment-market-global-outlook-and-forecast-2017-2022

Major Vendors included in the report are as follows:
● Medtronic
● Stryker
● CONMED
● Johnson & Johnson
● Zimmer Biomet

Other prominent vendors are 3M, Adeor Surgical Instruments, Arthrex, Aygun, B. Braun Melsungen, Ceterix Orthopaedics, Changzhou Haida Medical Equipment, Collin Medical, DACH Medical, De Soutter Medical, Dextera Surgical, Golden Stapler Surgical, Grena, In’Tech Medical, Karl Storz, Incisive Surgical, KLS Martin, Lotus Surgical, MEDACTA, MedicMicro, MicroAire, Nouvag, OsteoMed, Purple Surgical, Reach Surgical, Siemens Healthcare, Smith & Nephew, Stars Medical Devices, Surgical Holdings, Teleflex Medical, Waston Medical, and Xion Medical.

Introduction of robotic surgery driving the demand

The growing demand for aesthetic and cosmetic surgery equipment, increasing mergers and acquisitions, and product innovations are the emerging trends that are going to boost the market during the forecast period. Further, the increased need for robotic surgery will drive the demand for surgical equipment.

Along with the increasing volume of surgical procedures, increasing popularity of minimally invasive procedures and growing need for surgical power tools are expected to fuel the market growth.
Increasing complications associated with the use of surgical equipment may hinder the growth prospects in the market.

Electrosurgical equipment to grow at a rate of 8.06%

The sutures and staples segment will continue to dominate the market in 2022. The electrosurgical equipment and hand-held surgical devices segments are expected to grow at a rate of 8.06% and 7.60%, respectively during the forecast period. Hospitals are key end-users that greatly influence market growth. The increasing incidence of gynecology disorders is expected to fuel the market growth, as the adoption of surgical equipment is more in obstetrics. The plastic and reconstructive segment is expected to grow at a faster pace due to increasing demand for aesthetic and cosmetic surgeries worldwide.

North America to be the largest market

The surgical equipment market in North America is projected to grow at a steady pace during the forecast period due to increased adoption of technologically advanced surgical systems. The US and Canada, being the two strong economies globally, is currently witnessing the maximum number of product launches. North America is followed by Europe. APAC and Latin America stand next to the European market.

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Source : Arizton Advisory and Intelligence Report
Click : https://www.arizton.com/reports/healthcare-lifesciences/surgical-equipment-market-global-outlook-and-forecast-2017-2022

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