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Surgical Equipment Market 2025 | Growth Pace Of CAGR: 7.8% | Top Performing Companies Are B. Braun Melsungen Ag, Smith & Nephew plc & Zimmer Biomet Holdings Inc.

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Surgical Equipment Market 2025 | Growth Pace Of CAGR: 7.8% | Top Performing Companies Are B. Braun Melsungen Ag, Smith & Nephew plc & Zimmer Biomet Holdings Inc.

October 18
04:57 2019
Surgical Equipment Market 2025 | Growth Pace Of CAGR: 7.8% | Top Performing Companies Are B. Braun Melsungen Ag, Smith & Nephew plc & Zimmer Biomet Holdings Inc.

Grand View Research, Inc. – Market Research And Consulting.
The Global surgical instruments/equipment market size is anticipated to reach a value of USD 20.3 billion by 2025 and report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest trends.

According to report published by Grand View Research,”Surgical Equipment/Instruments Market Analysis By Product (Sutures & Staplers, Handheld & Electrosurgical Devices), By Application (Neurosurgery, Plastic & Reconstructive Surgery, Obstetrics & Gynecology, Cardiovascular, Orthopedic), And Segment Forecasts, 2018 – 2025″ 

The Global surgical equipment/instruments market was valued at USD 10.5 billion in 2016 and is expected to witness lucrative growth over the forecast period. Treatment of chronic diseases often require surgeries. Rising prevalence of chronic diseases, such as, cardiovascular and neurological disorders is adversely impacting the society. Surgery is considered as the primary mode of treatment for patients suffering from such diseases, thereby, giving rise to more number of surgical procedures being conducted. Minimally invasive surgeries are also highly adopted by surgeons for treating several heart disorders.

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Road and other accidents are also anticipated to raise the demand for surgical instruments in the coming years. Accident is one of the leading causes of severe injuries. Based on statistics from Association for Safe International Road Travel, around 2.35 million people gets injured every year due to such accidents. As a result, there is a high demand for wound closure surgical procedures, which in turn is expected to raise the demand for surgical tools.

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U.S. surgical instruments market by product, 2014 – 2025 (USD Million)

U.S. surgical instruments market by product, 2014 - 2025 (USD Million)

 

Further Key Findings From the Study Suggest: 

  • The global surgical equipment market was valued $10.5 Billion in 2016 and is expected to grow at 7.8% CAGR from 2017 to 2025

  • Surgical sutures and staplers held the largest market share in 2016 owing to its high cost and huge application in wound closure surgeries

  • Electrosurgical equipment are anticipated to witness attractive growth over the forecast period due to growing trend towards minimally invasive surgeries

  • Obstetrics and gynecology dominated the market in 2016 due to large number of caesarean surgeries being performed worldwide

  • Plastic and reconstructive surgeries is expected to show lucrative CAGR in the coming years due to increasing concern for esthetics among women

  • In 2016, North America dominated the market due to the availability of skilled surgeons and technologically advanced surgical tools in the U.S.

  • Asia Pacific is expected to show fastest growth over the forecast period owing to the rising number of road accident cases in India

  • Major companies operating in the market include Becton, Dickinson and Company; Stryker Corporation; B. Braun Melsungen AG; Zimmer Biomet Holdings, Inc.; Aspen Surgical Products, Inc.; Smith & Nephew plc; Medtronic; Alcon Laboratories, Inc.; and Ethicon, Inc.

Grand View Research has segmented the surgical Equipment/instruments market on the basis of product, application and region:

Surgical Equipment/Instruments Product Outlook (Revenue, USD Million; 2014 – 2025)

  • Surgical Sutures and Staplers

  • Handheld Surgical Devices

    • Forceps and Spatulas

    • Retractors

    • Dilators

    • Graspers

    • Auxiliary Instruments

    • Cutter Instruments

    • Others

  • Electrosurgical Devices

Surgical Equipment/Instruments Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Neurosurgery

  • Plastic and Reconstructive Surgery

  • Wound Closure

  • Obstetrics and Gynecology

  • Cardiovascular

  • Orthopedic

  • Others

Surgical Equipment/Instruments Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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Website: https://www.grandviewresearch.com/industry-analysis/surgical-equipment-market