Surgical Equipment Market is Probable to Influence the Value of USD 31.46 Billion by 2029

PRESS RELEASE
Published September 29, 2023

Data Bridge Market Research conducted a recent market intelligence study, thoroughly analysing the Surgical Equipment Market. The newly published report employs an appealing layout that presents essential data using visually engaging tables, graphs, charts, and figures.

Surgical Equipment market research report has been formulated by using basic steps to conduct market research analysis which includes survey, focus groups, personal interviews, observations and field trials. The report helps achieve a dream of an outshining and winning business. This business report also makes some important proposals for a new project of Surgical Equipment market before evaluating its feasibility. This market report comprises of data that can be quite essential when it comes to dominating the market or making a mark in the market as a new emergent. The market research report is a resource, which provides current as well as upcoming technical and financial details of the industry.

By understanding the trends in consumer and supply chain dynamics, this large scale Surgical Equipment market report helps to draw the strategies about sales, marketing, and promotion. In a rapidly changing marketplace, companies must opt for a broad range to have an effectual business growth and this market report is right there to serve this purpose at the best. This report contains a chapter on the global Surgical Equipment market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

Data Bridge Market Research analyses that the surgical equipment market which was USD 16.14 billion in 2021, is expected to reach USD 31.46 billion by 2029, at a CAGR of 8.7% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The neurological surgical devices are used to perform neurological surgery procedures such as aneurysms, brain tumours, cerebrovascular disease, epilepsy, Parkinson’s disease and tremors, stereotactic neurosurgery, trauma surgery, and among others. Furthermore, increasing technological advancement in minimally invasive surgeries, shorter hospital stays after surgery, and an increase in the number of ambulatory surgical centres are expected to drive market growth during the forecast period.

Key Growth Drivers:

  • Advancements in Minimally-Invasive Procedures

The growing preference for minimally invasive procedures, the surgical equipment market is steadily expanding. Furthermore, the increased frequency of chronic illness and accident cases has fuelled market growth. Recent advances in minimally invasive procedures are evidence of significant surgical equipment advancements that have contributed to market growth in the past. Surgeons have been able to deliver greater precision in complex procedures. These are some of the advancements propel the market’s growth.

  • Rise in Surgeries

The increasing number of surgeries benefits the surgical equipment industry. Surgeries, particularly general surgery, which includes procedures on the oesophagus, appendix, stomach, large intestine, small intestine, liver, gallbladder, pancreas, and bile ducts, have grown rapidly in recent years. Furthermore, the rising global prevalence of chronic diseases had been a significant driver of market growth. Furthermore, an increase in the number of thyroid problems around the world has increased demand for sophisticated surgical equipment that allows for more precise treatment. The surgical equipment industry is expected to benefit from this.

The report outlines the involvement of key players, including:

  1. Braun SE (Germany), Smith+Nephew (U.K.), Zimmer Biomet (U.S.), Stryker (U.S.), Alcon Vision LLC (U.S.), Aspen Surgical (U.S.), Medtronic (Ireland), Ethicon Inc. (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), CONMED Corporation (U.S.), Entrhal Medical GmbH (Germany), Fuhrmann GmbH (Germany), KLS Martin Group (U.S.), MEDICON eG (Germany), KARL STORZ (Germany), Olympus Corporation (Japan), Erbe Elektromedizin GmbH (Germany), Integra LifeSciences (U.S.), Getinge AB (Sweden)

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Key Market Segmentation

Product (Surgical Sutures and Staplers, Handheld Surgical Devices, Electrosurgical Devices), End User (Hospitals, Ambulatory Surgical Centers, Others), Category (Reusable Surgical Equipment, Disposable Surgical Equipment), Application (Neurosurgery, Plastic and Reconstructive Surgeries, Wound Closure, Urology, Obstetrics and Gynaecology, Thoracic Surgery, Microvascular Surgery, Cardiovascular Surgery, Orthopaedic Surgery, Laparoscopy, Others)

The Surgical Equipment market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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