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According to Transparency Market Research (www.transparencymarketresearch.com) “Surgical Equipment Market (Surgical Sutures, Surgical Hand Instruments, and Electrosurgical Devices) – Global Forecast, Market Share, Size, Growth and Industry Analysis (2010 – 2017)”; the global surgical equipment market was worth USD 5.2 billion in 2011 and is forecasted to reach USD 7.5 billion in 2017 at a CAGR of 6.2% from 2011 to 2017. Surgical sutures segment accounted for the largest share – i.e. 57.0% of the global surgical equipment market at USD 3.0 billion in 2011. The electrosurgical devices segment will have the fastest revenue growth at a CAGR of 7.5% during 2011 – 2017.
Browse the full report at http://www.transparencymarketresearch.com/surgical-equipment-market.html
The global surgical equipment market is divided into three categories: electrosurgical devices, hand instruments and surgical suture. The surgical equipment industry is composed of mechanical devices (such as lasers, electro-surgery devices, disposables, heavier cutting tools, generators and accessories), handheld instruments (blades, scalpels, clamps and scissors) and wound closure products such sutures (non-absorbable and absorbable).
The surgical equipment market is driven by strong economic growth in Japan, Europe and in emerging economies such as India and China. Increased healthcare expenditure, improving standards of living and longer life expectancies are the major factors driving the growth of the surgical equipment market. Moreover, growing demand of outpatient surgeries, increase in the number of healthcare centers, the rise in the surgical procedures performed globally; technological innovations and growing preference for minimally invasive surgeries are also driving the growth of the surgical equipment market.
Our research indicates faster growth in number of surgical performed in emerging economies in comparison with developed economies. This is primarily due to the higher economic growth and fast improving healthcare facilities in these economies, and declining repayment levels in the U.S.
High competition in the global surgical equipment market is observed with local and international players capturing respective slice of the surgical pie. The faster addition of operating facilities compounded with growing number of hospitals in emerging economies provides healthy growth opportunities for established as well as new players .The top four players in the global surgical equipment market accounted for about 64% market share in 2011. Ethicon was the clear leader in the global surgical equipment market accounting for 34.4% market share in 2011.
This report is an effort to identify driving forces behind the global and regional surgical equipment market over the next six years. The report provides extensive analysis of the surgical equipment market and current market trends and presents a comprehensive assessment on the basis of:
- Surgical Sutures
- Absorbable Sutures
- Non Absorbable Sutures
- Surgical Hand Instruments
- Electrosurgical Devices
- Saw Blades
- WecPrep Blades
- Scalpel Blades
Electrosurgical Devices Market – Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2012 – 2018Global electrosurgical devices market is forecasted to grow at an annual growth rate of 5% and reach a market value of USD 1,412.8 million in 2018. This growth is mainly driven by the increasing demand for minimally invasive procedures and technological innovations that are making surgeries safer and least destructive for surrounding tissues. Advancement in technology is helping reduce problems such as collateral damage to tissues, and eschar enhancing the performance of electrosurgery devices. This is leading to greater adoption of these devices in healthcare industry. Improvement in technology is protecting the surrounding tissues from thermal damage, reducing eschar formation, and limiting sticking of tissues.Emerging economies like China, India, Russia and Brazil have a large pool of under-served patients, representing big opportunities for leading market players and new entrants for expansion of their businesses. As the population continues to grow, there is an increasing requirement of healthcare facilities and improved surgical techniques. In this context, the electrosurgical devices industry is expected to grow tremendously in the coming years and has a bright future in the emerging economies.Market Segmentation
- Electrosurgical Disposables and Accessories
- Electrosurgical Generators
- Laparoscopic Procedures
- Curettage and Electrosurgery
- Cosmetic ElectrosurgeryThis research report analyzes the market depending on its market segments and major geographies. The major regions analyzed under this research report are:
- North America
- Rest of the WorldThis report provides comprehensive analysis of:
- Current industry trends
- Factors driving market growth
- Industry structure
- Market projections for upcoming yearsThis report provides an analysis of the technological developments in industry, Porter’s five force model analysis, and complete company profiles of the top market players. It includes a review of the micro and macro factors significant with respect to the existing market players and new entrants.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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