Surgical Equipment Market Value Chain, Factor Analysis, Region and Forecasts Till 2022A Story by sumit choudhari Surgical Equipment Market report is an expert analysis report which gives detail information about industry players, segmentation and regional data in-depth. The
Surgical equipment are used during surgeries. Surgical equipment have a wide
range of application in neurosurgery, wound closure, urology, cardiovascular
surgeries, orthopedic surgery and others. Surgical instrument are broadly
classifies into three important category surgical sutures and staples, handheld
instruments and electrosurgical devices. All surgical equipment has its
specific use. Surgical sutures and staples are the basic equipment used in the
surgeries. Increasing number of surgeries, & hospitals, increasing
prevalence of different diseases and increasing geriatric population have
boosted the market growth. Moreover, technological advancement, increasing
number of ambulatory services and government initiatives have a synergistic
effect on the market. However, high cost of the devices, shortage of skilled
labor and strict regulatory policies are the major restraints for the market. Increasing
numbers of surgical procedures globally have consequently contributed to the
development of this industry. Market Research Future, which specializes in
market reports related to the Healthcare sector among others, recently
published a report on this market. The sector is projected to achieve a CAGR of
7.2% approximately in the forecast period. Industry Segments The Americas surgical equipment
market is divided into product type, application, and end users for the purpose
of the study. The market on the basis of product type is segmented into
electrosurgical generators, handheld instruments, surgical sutures &
staplers, electrosurgical devices, monitoring devices and others. The staplers
& surgical sutures are further segmented into non-absorbable and absorbable
sutures. Handheld Instruments are sub segmented into forceps, visual scope,
sutures and others. Electrosurgical devices are additionally categorized into
electrosurgical instruments such as HET bipolar system, electrosurgical
pencils, smoke evacuation system and electrosurgical generators. The market On
the basis of application, is segmented into wound closure, neurosurgery,
urology, cardiovascular surgeries, orthopedic surgery and others. The end users
of this industry are government hospitals, private hospital and other. Detailed Regional Analysis: The American surgical equipment
market is poised for a healthy growth period owing to introduction of advanced
devices, growing number of healthcare organization, and expanding geriatric
population. In addition to this, increasing commonness of diseases & disorder,
government initiatives and high healthcare spending have driven the market
growth. Moreover, presence of huge number of patients suffering from
cardiovascular diseases has also supported the growth of the market. North
America holds the main share in the Americas surgical equipment market.
Well-developed healthcare infrastructure has been instrumental in developing
the market. US and Canada are the two of the major contributors for the North
American surgical equipment market. However, South America is one of the
fastest growing segments in the market. Global Competitive Analysis: The industry players in the segment
are effectively utilizing their primary resources to initiate long lasting
growth changes. A trend of volume-driven growth has been observed in the market
of late with the development of different varieties of product types. The
sector is undergoing considerable transformation which has accelerated the
growth pace of the sector. Companies aiming to capture a substantial share of
the market segment as early as possible, experimentation with numerous
advantage points being seriously considered and implemented. The top
opportunities for this sector’s long term development can be harnessed by
ensuring ongoing process improvements and maintaining financial flexibility to
invest in the optimal strategies. Key
Players Some of
key the players in the market are Abbott Laboratories (U.S.), Arkay, Inc.
(U.S.), Bayer Healthcare AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland),
Goldsite Diagnostics Inc., GlySure Ltd (U.K), Sphere Medical Holding plc.
(U.K), Dexcom, Inc. (U.S.), and LifeScan, Inc. (U.S.). Regional
Analysis The
Americas command the largest market owing to notable increasing incidence of
obesity, unhealthy diet, and physical inactivity. According to Centers for
Disease Control and Prevention (CDC) in the year 2015, the prevalence of both
diagnosed and undiagnosed diabetes population was 30.3 million people of all
ages i.e. approximately 9.4% of the total United States population. And the
total of diagnosed diabetes population was estimated to have 23.1 million
people i.e. 7.2% of United States total population. Presence of well-developed
technology, high healthcare spending, increased R&D activities and the
concentration of major companies have fuelled the growth of the market in this
region. Europe
holds the second position followed by Asia Pacific in the global blood glucose
monitoring market, owing to the smoking, environmental pollutants, psychosocial
factors and socioeconomic deprivation. Furthermore government support for
research & development and availability of funds for research fuelled the
blood glucose monitoring market for the forecast year. Asia
Pacific is the fastest growing blood glucose monitoring market owing to
increasing aging population, urbanization, and associated lifestyle changes.
Furthermore, increased the presence of rapidly developing healthcare
technology, high healthcare expenditure, R&D activities and the
concentration of major companies are fuelling the growth of the market in this
region. Moreover, increasing demand for new treatment methods in countries like
India and South Korea is likely to emerge as the fastest growing market across
the globe. According to International diabetes federation (IDF), in 2015, there
were 69.1 million people were suffered with diabetes. On the
other hand, in the Middle East and Africa has the lowest market for blood
glucose monitoring owing to lack of technical knowledge and poor medical
facilities. According to IDF, in 2015, around 399,900 cases of diabetes were
found in Kuwait. Major Table of Content Table
of Contents 1
Introduction 1.1
Definition 1.2
Scope of the study 1.2.1
Research Objectives 1.2.2
Assumptions & Limitations 1.3
Market Structure 2
Research Methodologies 2.1
Research Process 2.2
Primary Research 2.3
Secondary Research 2.4
Forecast Model 3
Report Excerpt …TOC
Continued © 2018 sumit choudhariAuthor's Note
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Added on November 23, 2018 Last Updated on November 23, 2018 Tags: Surgical Equipment Market, Surgical Equipment Industry, Surgical Equipment Market 2018 Author
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