Surgical Equipment Global Market Report 2021


Posted February 26, 2021 by Kavita

Global Surgical Equipment Market Report 2021: COVID 19 Impact and Recovery to 2030 from provides the strategists
 
Bharat Book Bureau Provides the Trending Market Research Report on “Surgical Equipment Global Market Report 2021” under Life Sciences Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.

Global Surgical Equipment Market Report 2021: COVID 19 Impact and Recovery to 2030 from provides the strategists, marketers and senior management with the critical information they need to assess the global surgical equipment market as it emerges from the Covid 19 shut down.



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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.



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Reasons to Purchase



• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.

• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

• Create regional and country strategies on the basis of local data and analysis.

• Identify growth segments for investment.

• Outperform competitors using forecast data and the drivers and trends shaping the market.

• Understand customers based on the latest market research findings.

• Benchmark performance against key competitors.

• Utilize the relationships between key data sets for superior strategizing.

• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

• Report will be updated with the latest data and delivered to you within 3-5 working days of order.



Description:



Where is the largest and fastest growing market for the surgical equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Surgical Equipment market global report from answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider surgical equipment market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.

• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.

• Market segmentations break down market into sub markets.

• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.

• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

• The surgical equipment market section of the report gives context. It compares the surgical equipment market with other segments of the medical equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, surgical equipment indicators comparison.



Scope



Markets Covered: 1) By Type: Surgical Sutures And Staples; Handheld Surgical Devices And Equipment; Electrosurgical Devices And Equipment

2) By End User: Hospitals And Clinics; Diagnostic Laboratories; Others

3) By Type of Expenditure: Public; Private

4) By Product: Instruments/Equipment; Disposables



Companies Mentioned: Johnson & Johnson (J&J); Stryker Corporation; Intuitive Surgical; B. Braun Melsungen AG; Getinge Group



Metrics Covered: Number of Enterprises; Number of Employees



Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam



Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa



Time series: Five years historic and ten years forecast.



Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, surgical equipment indicators comparison.



Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.



Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Major companies in the surgical equipment market include Johnson & Johnson (J&J); Stryker Corporation; Intuitive Surgical; B. Braun Melsungen AG and Getinge Group.



The global surgical equipment market is expected to grow from $12.23 billion in 2020 to $13.02 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.18 billion in 2025 at a CAGR of 6%.



The surgical equipment market consists of sales of surgical equipment and related services by entities (organizations, sole traders and partnerships) that produce surgical equipment used during surgeries. This market is segmented into surgical sutures and staples; handheld surgical devices and equipment; electrosurgical devices and equipment.



North America was the largest region in the global surgical equipment market, accounting for 34% of the market in 2020. Western Europe was the second largest region accounting for 28% of the global surgical equipment market. Africa was the smallest region in the global surgical equipment market.



Surgical equipment manufacturers are offering next generation ultrasonic surgical devices to simplify complex surgical procedures. Modern ultrasonic surgical devices are multifunctional instruments capable of performing tissue plane dissection, coagulation, and transection during laparoscopic or open surgical procedures. Next generation ultrasonic devices feature adaptive tissue technology. In this technology ultrasonic algorithm actively monitors the condition of the tissue within the jaws of the device and allows the system to intelligently sense and respond to changes in patient tissue conditions. The system modulates energy delivery based on tissue thickness and tissue type to optimize vessel sealing and provide for secure and reliable large vessel sealing. Ethicon’s Harmonic devices feature adaptive tissue technology.



Interest rates globally are forecasted to rise in most of the developing and developed economies, during the forecast period; this is expected to limit new investments in the market. Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country. This is likely to affect new investments in terms of expansion, research and development of new products. For instance, the US interest rates are expected to rise up to 3.5% by 2021. These factors are expected to have a negative impact on the market as borrowing money becomes expensive, making it harder for companies in surgical equipment market to raise funds for developing new devices thereby affecting the market growth.



Growing demand for minimally invasive surgery (MIS) will increase the demand for advanced surgical equipment. A MIS refers to any surgical procedure that requires minimal incisions as opposed to traditional or open surgery used for the same purpose. Preference for MIS procedures increased due to their multiple advantages such as short healing and recovery time, minimal scarring, cost effectiveness, minimal trauma and pain and decreased risk of infections and complications. Medical technology innovations led to the development of advanced surgical equipment such as Da Vinci surgical systems, C-arm devices, electrosurgical and power-assisted surgical equipment. These devices which enable MIS will drive the surgical equipment market during the forecast period.



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Categories Science
Tags surgical equipment market by region , surgical equipment market size , surgical equipment market study , surgical equipment market type
Last Updated February 26, 2021