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The global surgical equipment market reached a value of US$ 16.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.05 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Surgical equipment refers to a device or tool used during surgical procedures to gain access to the internal parts of the body and physically modify biological tissues. Designed to perform functions such as grasping, holding, cutting, dissecting, retracting, or suturing, the most common types of surgical equipment include hand instruments, electrosurgical devices, auxiliary instruments, and closure devices. Surgical equipment pieces are typically composed of stainless steel, aluminum, carbon steel, and titanium. They are available in a wide range of sizes and are cleaned and sterilized before performing surgery. The majority of surgical instruments are designed to be used during all types of surgeries, while other instruments are specifically designed to treat specific conditions. As a result, these pieces of equipment are extensively utilized in numerous surgeries, such as cardiovascular, orthopedic, neurological, oral, cosmetic, gastric surgeries and cesarean deliveries.
The market is primarily driven by the rising incidences of lifestyle diseases requiring surgery. In addition to this, continual technological advancements in minimally invasive (MI) and electronic robot-assisted surgeries are fueling the market growth. Moreover, the growing geriatric population that is highly susceptible to developing numerous health conditions, such as ocular, gastric and intestinal disorders, is also providing an impetus to the market. Apart from this, extensive research and development (R&D) focusing on greater control, access, and precision in complex surgeries are offering lucrative growth opportunities for the key market players. Furthermore, expanding hospital chains and ambulatory surgical centers across the globe is creating a positive outlook for the market. Some of the other factors that are providing a boost to the market include the escalating healthcare expenditure and favorable government initiatives supporting continual developments in the hospital infrastructure.
IMARC Group provides an analysis of the key trends in each sub-segment of the global surgical equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, category, application and end user.
Breakup by Product:
Breakup by Category:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcon, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Intuitive Surgical Inc., Johnson & Johnson, Medtronic plc, Olympus Corporation, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Category, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Alcon, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Intuitive Surgical Inc., Johnson & Johnson, Medtronic plc, Olympus Corporation, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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