Surgical Equipment Market - snapshot

Surgical instruments are gaining increased prominence and equal importance in the process of surgical planning so as to bring in successful outcome of a surgery. The conditions of cross-contamination or hospital-acquired infections and natural calamity or warfare are life threatening and is responsible for a large number of mortalities. Dearth of surgical sterile instruments quite often results in such deadly conditions, which is likely to bolster the growth of the global surgical equipment market.

Rise in Cardiovascular Diseases to Bolster Demand in Near Future

Surgical instruments refer to those hand-held implements or tools that are utilized by clinicians for the performance of various surgical tasks. A large assortment of instruments is usually there in an operating suite. Clamps, retractors, scissors, forceps, and scalpels, and these are utilized extensively. It is the nature of surgical certain procedures that need more utilization of a specialized set of instruments. A case in point is the extensive use of mallets, drills, bone saws, and files in orthopedic surgeries. Surgical instruments are usually made of titanium, aluminum, stainless steel, or carbon steel and are available in a wide range of sizes. Wide scope of application is expected to fuel growth of the global surgical equipment market in years to come.

The burgeoning need for surgeries in the treatment of several cardiovascular and chronic disorders in both the developed and developing countries alike is anticipated to escalate the demand for the surgical equipment across the globe.

The surgical equipment finds use in a wide variety of fields, some of which are

  • cardiovascular
  • neurosurgery
  • obstetrics and gynecology
  • plastic and reconstructive surgery
  • wound closure
  • orthopedic

There has been a rise in the rate of cardiovascular diseases owing to high prevalence of various risk factors such as smoking, diabetes, hypertension, and obesity in countries like India is likely to boost the global surgical equipment market.

Surgical Equipment Market: A Snapshot

The surgical equipment market consists of four different broad varieties of equipment. These are categorized into surgical handheld instruments, surgical sutures, electrosurgical sutures, and staples. Among these, the electrosurgical sutures remain most promising as these held nearly 55% of the total market share in 2012. Moreover, the absorbable and non-absorbable sutures of these types will drive major growth for the surgical equipment market as rise of chronic illnesses like cancer promise to further their application during the forecast period. These sutures can be adaptable depending on the body type, and help the body absorb materials by degrading it. The rise of chronic illnesses and growing demand for surgeries, and sensitive elderly population promises more growth for both the absorbable, and non-absorbable variety. Additionally, the surgical equipment market report will also cover hand-held instruments which are used to coagulate, cut, and cauterize wounds. The segment is expected to witness fastest growth, combined with electrosurgical features. The high-frequency electric current promises a fast-and hygienic manner of cleaning, cauterizing, and coagulating wounds.

Minimally-Invasive Procedures to Witness Highest Demand

The minimal-invasive surgeries are expected to witness widespread adoption in the near future. Thanks to various medical advancements state of minimal blood-loss, and post-surgery complications can be avoided in many cases. Moreover, the rising shifts in demographics, such as rising elderly population will also higher demand for minimal-surgeries during the forecast period. Additionally, the costs in healthcare sector are a major concern for many patients. The unaffordable costs of hospitalizations, large group of uninsured patients, and advanced wound closure materials will drive growth for the minimal-invasive surgeries in the near future. US patient Protection, and Affordable Care Act has also passed legislations such as removal of excise tax on surgical devices, which will provide an impetus to growth for the global surgical equipment market.

Asia Pacific Remains the Most Lucrative Region for New Opportunities

Geographically, the surgical equipment market report is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America will likely dominate growth with highest contributions to total revenues during the forecast period. The high-degree of technological adoption, and positive attitude towards absorbing high costs of advanced surgical equipment promises new opportunity in the region. However, Asia Pacific region remains most promising, thanks to rising access to healthcare, and growing financial freedom, thanks to rising disposable income. The modernization of healthcare in the region, and rising penetration of new healthcare institutes will present major opportunities for players in the surgical equipment market.

The landscape of the surgical equipment market remains promising. Additionally, the innovation, and competition in the market is likely to make way for new opportunities for growth. Some key players in the surgical equipment market are Ethicon, Inc., B. Braun Melsungen AG and Covidien plc. The increasing use of technologies like 3D printing, and outsourcing shifts are expected to make way for cost-saving and innovative opportunities for all players in the global surgical equipment market. The rising investment in research and development, and growing need to form a global manufacturing base will drive growth of the surgical equipment market. In the near future, collaborations, and mergers will be key to growth as surgical equipment market.

Surgical equipment are used for a number of functions during surgical procedures such as making incisions, holding organs and tissues back, grasping certain tissue or skin, providing access to site of operation, coagulation of blood vessels and closing the wound by stitching or stapling. The most commonly used surgical equipment include sutures and staples, surgical handheld instruments (scalpels, forceps, retractors and scissors) and electrosurgical devices. The report on global surgical equipment market studies the current scenario as well as the future market potential for different surgical equipment that are used extensively in various surgical procedures. In this report, the market for surgical equipment has been segmented into three major product types, namely:
  • Surgical Sutures and Staples
  • Surgical Handheld Instruments
  • Electrosurgical Devices
The market for surgical equipment has been extensively analyzed on the basis of various factors such as their application in various surgical procedures, worldwide availability, major manufacturers and technological developments. The surgical sutures and staples market has been further segmented into surgical sutures and surgical staples, while the market for surgical handheld instruments has been segmented into scalpels, forceps, retractors and scissors. The market size and forecasts in terms of revenue (USD million) for each of these segments have been provided for the period 2010 to 2019, considering 2010 and 2011 as historical data and 2012 as the base year. This report on surgical equipment market also provides the compounded annual growth rate (CAGR %) for each segment of the market for the forecast period 2013 to 2019.
Geographically, the market for surgical equipment has been segmented into four regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). Along with the overall surgical equipment market, the report also studies the market size and forecast for each major segment with respect to all four regions (North America, Europe, Asia-Pacific and Rest of the World), for the period 2010 to 2019 along with the CAGR (%) for the forecast period 2013 to 2019. The study also includes qualitative analysis of the competitive scenario in these regions (North America, Europe, Asia-Pacific and Rest of the World). The market overview section of the report on surgical equipment market comprises qualitative analysis of the overall market considering the factors determining the market dynamics such as drivers, restraints and opportunities. The market overview section of the report on surgical equipment market also provides detailed analysis on the Porter’s five force analysis and market attractiveness.
The report also provides a section on the competitive landscape of the global surgical equipment market, wherein the market share analysis of leading players, in terms of percentage share in 2012, has been discussed. In the report on surgical equipment market, competitive landscape for each product categories (surgical sutures and staples, surgical handheld instruments and electrosurgical devices) has also been given in the product segment chapter. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a strong presence in the market and accentuate market shares. The report concludes with the profiles of major players in the global surgical equipment market such as Ethicon, Inc., Covidien plc, B. Braun Melsungen AG, ERBE Elektromedizin GmbH, CONMED Corporation, KLS Martin LP, Integra LifeSciences Holdings Corporation, Medicon eG, Stryker Corporation, Aspen Surgical Products, Inc. and CareFusion Corporation. These players actively participate in the research and development, manufacturing and commercialization of various surgical equipment such as surgical sutures and staples, surgical handheld instruments and electrosurgical devices. Company overview, financial overview, product portfolio, business strategies and recent developments are some major heads that have been extensively covered in the company profile for each player in the report on global surgical equipment market.
The global surgical equipment market is segmented as follows:
Surgical Equipment Market, by Product Type
  • Surgical Sutures and Staples
    • Surgical Sutures
    • Surgical Staples
  • Surgical Handheld Instruments
    • Scalpels
    • Forceps
    • Retractors
    • Scissors
  • Electrosurgical Devices
Surgical Equipment Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

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Surgical Equipment Market

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