The global Surgical Equipment Market was valued at USD
8.43 billion in 2012 and is expected to grow at a CAGR of 4.2% from 2013
to 2019, to reach an estimated value of USD 11.28 billion in 2019.
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Global Surgical Equipment Market Report with Full TOC at http://www.transparencymarketresearch.com/surgical-equipment-market.html
Surgical equipment such as sutures, staples, scalpels,
forceps, retractors, scissors, and electrosurgical devices are used for a
number of functions during surgical procedures. For instance, sutures and
staples are used to close the wound after an injury; scalpels are highly sharp
edged cutting instruments used for making incisions, and forceps are used for
holding, clamping, dilating and suctioning during surgical procedures. In this
report, the global market for surgical equipment has been segmented into three
major product types, namely, surgical sutures and staples, surgical handheld
instruments and electrosurgical devices. Of these, surgical sutures and staples
market has been further segmented into surgical sutures and surgical staples
individually, while the market for surgical handheld instruments has been
segmented into scalpels, forceps, retractors and scissors.
In 2012, the surgical sutures and staples segment
accounted for the largest share (55.6%) of the total surgical equipment market
revenue. However, during the forecast period 2013 to 2019,owing to slow growth
rate, it is likely to lose some of its share. On the other hand, the
electrosurgical devices market segment is expected to show highest growth at a
CAGR of 6.1%,owing to the growing demand for minimally invasive procedures that
extensively utilize these devices.Covidien plc, ERBE Elektromedizin GmbH and
CONMED Corporation are the major players in the electrosurgical devices market
with a combined market share of around 60% in 2012.The market for surgical
sutures and staples is dominated by players such as Ethicon, Inc., B. Braun
Melsungen AG and Covidien plc. In the surgical handheld instruments market, B.
Braun Melsungen AG, Integra LifeSciences Holdings Corporation, Covidien plc,
Aspen Surgical Products, Inc., and KLS Martin LP are prominent players with
significant market shares.
During the forecast period 2013 to 2019, the market for
surgical equipment will be majorly driven by factors such as year on year
increase in the number of surgical procedures, rise in demand for minimally
invasive procedures, worldwide aging population and technological developments
leading to innovative products. Due to the fact that electrosurgical devices
play key role during minimally invasive procedures, rise in the demand for
these procedures will in turn trigger the demand for electrosurgical devices.
On the other hand, factors such as rising demand for advanced wound closure
materials such as glues and fibrin sealants, implementation of Patient
Protection and Affordable Care Act (PPACA) in the U.S., side effects associated
with products leading to product recalls, and intense price competition from
local manufacturers may pose significant challenges before players operating in
the surgical equipment market.
Geographically, North America and Europe were
the first and second largest regional markets for surgical equipment, followed
by Asia-Pacific and Rest of the World (RoW), respectively.
In North America and Europe, market growth will be primarily
driven by technical advances leading to product innovation. On the other hand,
in Asia-Pacific and RoW markets, factors such as the presence of a
large pool of patients likely to undergo various surgical procedures, rising
healthcare expenditures and increasing awareness regarding advanced surgical
equipment are expected to play key role in driving market growth.
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 are the major players
competing with each other in the surgical equipment market. These players face
significant threats from local players especially
in Asia-Pacific region as they offer various types of surgical
equipment at very low prices that leads to intense price competition.
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)
Browse all Medical Devices Market
Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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