Global Surgical Equipment Market Trends, Size, Share, Development and Forecast to 2020

The global surgical equipment market is growing considerably due to emerging technologically advanced electrosurgical devices, speedily progressing medical tourism in developing countries, and increasing demand for minimally invasive procedures. Enormous unexplored markets of surgical equipment industry in developing economies are creating abundant opportunities for the surgical equipment market to grow at a considerable rate in the projected years.

Explore more or request TOC on Global Surgical Equipment Market at: www.psmarketresearch.com/market-analysis/surgical-equipment-market

Moreover, promising reimbursement policies in developed countries, and escalation in aging population are also expected to support the growth of the market in the coming years. According to the World Health Organization, the population of 60 years and above is expected to rise to 15% in 2050. The advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the surgical equipment industry.

The surgical equipment market is categorized on the basis of product type and application. On the basis of product type, the market can be categorized as surgical handheld instruments, electrosurgical devices, surgical sutures and staples, and others. Surgical sutures and staples leads the market due to increasing number of surgeries performed; whereas, electrosurgical devices are expected to grow at a faster rate in the coming years due to increasing demand for minimally invasive surgery and advancement in technology.
Surgical handheld instruments further include scalpels, scissors, retractors, and forceps; whereas, sutures and staples are further segmented on the basis of products as surgical sutures and surgical staples. On the basis application, the market is segmented as cardiovascular, orthopedic surgery, neurosurgery, wound closure, thoracic surgery, obstetrics and gynecology, laparoscopy and others.

The other factors driving the growth of the global surgical equipment market are growing geriatric population, mounting demand for minimally invasive procedures, increasing number of surgical procedures, and improving healthcare infrastructure in emerging economies. In addition, increasing prevalence of chronic diseases, rise in lifestyle associated diseases, and rise in healthcare expenditure are also fuelling the growth of the global surgical equipment market. However, growing demand for advance wound closure materials, such as fibrin, glue and sealants, side effects associated with surgical devices and implementation of patient Protection and Affordable Care Act in the U.S. are some of the factors restraining the growth of the surgical equipment market to some extent. Further, lack of appropriate sterilization of the equipment and inadequate quality assurance are also some of the factors inhibiting the growth of the global surgical equipment market.

Browse related market research at: www.psmarketresearch.com/industry-report/medical-devices

Some of the companies operating in the global surgical equipment market are CareFusion Corporation, Integra LifeSciences Holdings Corporation, ERBE Elektromedizin, KLS Martin LP, CONMED Corporation, Ethicon, Inc., Aspen Surgical Products, Inc., Stryker Corporation, Medicon eG, Covidien Plc, and B. Braun Melsungen AG.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
US/ Canada Toll-Free: 1-888-778-7886
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

347, 5th Ave. #1402
New York City, NY - 10016
US/ Canada Toll-Free: 1-888-778-7886

This release was published on openPR.