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Surgical Equipment: Technologies and Global Markets

Surgical Equipment: Technologies and Global Markets

  • April 2021
  • 362 pages
  • ID: 2042680
  • Format: PDF
  • BCC Research

Summary

Table of Contents

Report Scope:
This research report presents an in-depth analysis of the surgical equipment market, including forecasted trends and sales through 2025 Key market participants, extensive product segments, supporting technologies, trends and market dynamics, competitive intelligence and regional trends are discussed in the report.This report analyzes key market dynamics and changes in the surgical equipment market due to the pandemic.

The report discusses various supply chain participants (manufacturers, suppliers, retailers and hospitals).Key trends, market estimates, significant strategies among stakeholders, product portfolios and recent developments will be presented in detail.

An in-depth patent analysis is presented in the report and focuses on the development of extensive technological trends across regions (i.e., the U.S., Europe and Japan).

This report presents a market analysis and estimates for the broad range of surgical equipment across key therapeutic segments: cardiovascular, neurology, gynecology and urology orthopedics. It excludes supporting devices such as anesthesia systems, sterilization equipment, diagnostic systems, integrated robotic systems and implants.

Report Includes:
- 271 data tables and 42 additional tables
- An overview of the global market and technologies for general surgical equipment
- Estimation of the market size and analyses of global market trends, with data from 2019, 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Information on the global surgical equipment market structure and technological innovations such as surgical robotics, powered surgical tools, and a significant focus on minimally invasive procedures
- Insights into healthcare regulations, policies and implications; and discussion on regulated or proposed to be regulated medical devices
- Quantification and estimation of market revenues and dynamics for the global surgical equipment market and its segments, by product, usability, supply chain and technology
- Study of the factors impacting market growth and analyze trends and opportunities in major regions, and the trends, gaps and opportunities in each micro market
- Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Discussion of the impact of COVID-19 on micro and macro environment factors that influence surgical equipment markets
- Company profiles of the market leading participants, including Becton, Dickinson and Co., ConMed, Hologic Inc., Johnson & Johnson and Medtronic PLC

Summary:
Surgical equipment refers to tools or devices with distinct purposes, inspecting internal body organs and modifying biological tissues.Surgical equipment is used in various surgical procedures in urology, neurosurgery, laparoscopic, cardiovascular and plastic surgery, among others.

Contributing factors for market growth include increased prevalence of chronic diseases, a growing geriatric population, a rise in surgical procedures and augmented demand for technologically enhanced surgical procedures like minimally invasive and laparoscopic surgeries.Unfavorable reimbursement policies and a lack of skilled professionals restricts market growth.

The North American market for surgical equipment is mature. The market has ample opportunity, specifically in the Asia-Pacific-Pacific region.

The U.S. and Europe remain key markets. Japan and the emerging economies of China and India are key players evidencing significant growth. North America and Europe accounted for a remarkable share of the surgical equipment market, due to the well-established healthcare system, high adoption of novel minimally invasive and laparoscopic surgical procedures, increasing incidence of chronic diseases and a rise in surgical procedures contributing immensely to market growth. Growing demand for plastic, reconstructive and bariatric surgeries further fuel market growth. Market growth in the European region was mainly attributed to a larger elder population and soaring demand for minimally invasive surgeries in the region due to the availability and preference for sophisticated surgical instruments. Considerable investment in R&D and upgraded healthcare facilities across the region influence the market, positively.

Asia-Pacific-Pacific and ROW regions are expected to have the highest growth potential. Asia-Pacific Pacific is projected to be the fastest growing region in the surgical equipment market, due to substantial expenditures improving healthcare infrastructure, rising demand for improved healthcare services and substantial surgical procedures in the region.

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