Description

Buy Risk Free

***Flat 60% refund If not satisfied with market size and forecast***

REPORT DESCRIPTION

The report contains the global scenario of the surgical equipment market, discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The key surgical equipment market categories are electrosurgical devices, hand instruments and surgical sutures. 

The report also analyses the historical data and forecasts the surgical equipment market size, production forecasts, along with key factors driving and restraining the market. The report helps in providing a comprehensive overview for:

•   Market forces driving and restraining the growth of the market
•   Up-to-date analysis of the latest industry trends
•   Acumen into the size and shape of the market growth
•   Market share of major players by segment

Reasons to purchase this report

•   Leading industry opinion keeps you abreast of latest news and trends 
•   Forward-looking outlook on a category, market or issue affecting the industry
•   Latest six year forecast assesses how the market is predicted to develop 
•   Make more informed business decisions from insightful and in-depth analysis of the country level markets
•   Market shares of major players by segment provides clear view of competition prevailing in each sub segment of the market
•   Obtain sales forecast for the period 2012 to 2017 for all the major markets

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:

Categories

• Surgical Sutures
• Absorbable Sutures
• Non Absorbable Sutures
• Surgical Hand Instruments
• Electrosurgical Devices

Products

•   Saw Blades
•   WecPrep Blades
•   Scalpel Blades
•   Saws
•   Scalpels

Types

•   Disposable
•   Reusable

Geography

•   U.S.
•   Europe
•   Asia
•   RoW

Market Overview

Related Reports

Published Reports

• Prostate Cancer Minimally Invasive Surgery Market in North America and Europe (2011 - 2016)
• Global Cardiovascular Monitoring & Diagnostic Devices Market (2011 - 2016)
• Global Drug Eluting (DES), Bare Metal (BMS) and Other Coronary Stents Market (2011 - 2016)
• Weight Management Market by Services, Supplements, Diet, Equipment and Devices: Global Analysis And Forecast (2007 - 2015)
• China Thermometer Market - Temperature Measurement And Monitoring Devices Market: China Industry Analysis, Size (Volume-Value), Trend and Forecast (2010 - 2016)

Enquiry Before Buying

Free Market Analysis

Over the years, surgical equipment & tools have evolved to reduce medical trauma and make procedures more efficient. Some of these instruments are designed for general surgical purposes, while others may find application in specific procedures or surgery. The surgical equipment market is segmented into electrosurgical devices (powered instruments, including devices such as surgical lasers, cutting instruments, and electrosurgical devices), hand instruments (non-powered devices, including scalpels and scissors) and closure devices, such as sutures and staples. 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.Globally the number of surgical procedures performed is increasing and technological advancements have resulted in safer and less invasive surgical procedures.

Worldwide aging of population will result in significant growth in the demand for surgical services for diseases related to aging. Older people are generally more inclined to suffer from chronic and degenerative diseases, and hence make up a large share of patients undergoing surgical procedures.

In 2009, the population of those 65 years and older was 39.6 million - representing 12.9% of the U.S. population and it is expected that by 2030 there will be 72.0 million people in the U.S. aged above 65 years. 

Overall growth in surgical instruments is fuelled by worldwide growth in number of hospitals and healthcare infrastructure. Hospitals are increasingly performing surgeries and continually are in need of surgical instruments. Surgical instruments demand in hospitals is growing due to high patient affordability and the expansion of healthcare insurance in China and India and an improvement in healthcare services offered by the hospitals.

The surgical device and apparatus industry is heavily driven by technological advances and manufacturers that make new and better devices are able to help remedy ailments and illnesses. A growing number of surgical procedures are carried out using minimally invasive techniques. 

The per capita income and healthcare expenditure has increased three times, over the past decade. The trend is not only expected to continue, but is expected to grow at a higher rate in future. Key drivers are rising income base, growing awareness (information availability), reduced accessibility barriers and changing disease profile. With the increase in disposable income, people are investing more on discretionary surgeries at faster rate than ever. These discretionary surgeries are expected to benefit the growth of the global surgical equipment market.

Increasing demand for precision devices and growing number of manufacturers in the surgical equipment space has spurred the price war, which is adversely affecting the bottom line of manufacturers. This eventually results in reduced R&D expenditure by companies, resulting in absence of innovative products. However, older product versions are still purchased at lower prices and hence there is faster growth in the number of surgical equipment sold, although revenue growth is still at the slower side due to relatively faster price depletion.

The problem with surgical instruments is that there is no well defined test available to gauge feasibility of reusable surgical instruments. Reusable surgical instruments should be sanitized properly before they are introduced back into the incision process. So in the surgical instruments segment, assurance of quality and up gradation from time to time is the big challenge for surgical device manufacturers. This has resulted in slower uptake of reusable surgical equipment.

The surgical instruments market is regulated for product performance. Regulatory authorities around the world mandate statutory certification of such devices based on characteristics such as design complexity, usage, and their potential to harm if misused. Furthermore, specialized technical expertise is needed to distinguish products from others in the marketplace and to obtain approvals and patents. These requirements increase the cost and time to market for any new product and significant revenue opportunity is eventually lost.

The surgical suture is the largest segment which held about 57% of global surgical equipment market revenue 2011. A gradual shift in segment shares is expected in the global surgical equipment market with surgical sutures segment and electrosurgical devices segments consolidating their position. The U.S. region accounted for the largest share – i.e. 35.1% – of global surgical sutures market at USD 1,044.0 million in 2011. Absorbable sutures segment accounted for the largest share – i.e. 54.7% – of global surgical sutures market at USD 1,624.3 million in 2011. 

The surgical equipment market is highly competitive market. The key surgical equipment market categories are namely Electrosurgical Devices, Hand Instruments and Surgical Sutures. Globally surgical equipment market has shown steady growth during the last decade and continues to show  a growing up trend mainly driven by an increase in the number of hospitals, and the rise in the number of surgical procedures performed both in the developed and emerging world.

The report contains the global scenario of Surgical Equipment Market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the Surgical Equipment Market size, production forecasts along with key factors driving and restraining the market.