Surgical Equipment Market Size, Share & Global Forecast to 2023

Surgical equipment plays a vital role during the surgeries. It is one of the important aspects in the medical as well as medical technology. With the developing surgical procedure, the trade of the instrument is developing. The instrument must have good quality and elaborative ornament to be prefer widely. Surgical equipment are widely used in neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others. Increasing prevalence of chronic diseases, increasing number of hospitals, increasing geriatric population, and increasing healthcare expenditure boost the market growth. According to the World Health Organization (WHO), 60% of the world’s total diabetic population is living in Asia Pacific region. Additionally, diabetes is one of the major cause for cardiovascular diseases, which in turn, result into increased cardiac surgeries. Moreover, development in technology and increased government initiatives have a fuelled the growth of the market, from the last few years. On the other hand, high cost of the devices, and shortage of skilled labor may slow the growth of the market.
The Asia Pacific surgical equipment market is expected to grow at a CAGR of ~7.8% over forecasted period 2017-2023.
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Key Players:
• Integra LifeSciences Corporation (US)
• Boston Scientific Corporation (US)
• Smith & Nephew (UK)
• B. Braun Melsungen AG (Germany)
• Ethicon US
• LLC. (US)
• Stryker Corporation (US)
• COVIDIEN (US)
• CONMED Corporation (US)
• MEDICON (US)
• Synergetics USA, Inc. (US)
• Erbe Elektromedizin GmbH (Germany)
• KARL STORZ & Co. (US)
• KLS Martin (Germany).
Segmentation
Asia Pacific surgical equipment market is into product type, application, and end users.
On the basis of product type the market is segmented into surgical sutures & staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. Surgical sutures & staplers are further segmented into absorbable and non-absorbable sutures. The handheld instruments are sub-segmented into forceps, sutures, visual scope, and others. The electrosurgical devices are further categorized into electrosurgical instruments (HET bipolar system, electrosurgical pencils, smoke evacuation system, and other), and electrosurgical generators.
On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.
On the basis of end user, the market is segmented into government hospitals, private hospital, and other.
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Regional Analysis:
Asia Pacific surgical equipment market is segmented into Japan, China, India, Republic of Korea, Australia, and Rest of Asia Pacific. Increasing number of hospitals, rising geriatric population, and increasing healthcare expenditure drives the growth of Asia Pacific surgical equipment market. Moreover, increasing prevalence of chronic diseases, government initiatives, and increasing patient inflow have fuel the market growth. China holds the major share in the Asia Pacific surgical equipment market owing to huge geriatric population and rapidly developing economy. Moreover, India and Australia contributes considerable share to the market.
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We are thankful for the support and assistance from Asia Pacific Surgical Equipment Market Research Report- Forecast Till 2023 chain related technical experts and marketing experts during Research Team survey and interviews.

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