Surgical Equipment Market Segments: Analysis and Growth Opportunities | Taiwan News

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Report Ocean published the latest research report on the Surgical Equipment Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Surgical Equipment Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate. [Download Free Sample]

The global surgical equipment market size was US$ 7.3 billion in 2021. The global surgical equipment market size is forecast to reach US$ 15.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.3% during the forecast period from 2022 to 2030. 

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Surgical equipment is a medical device. In addition, the common use of these devices is during a surgical procedure. The primary use of this equipment is during procedures like orthopedics, thoracic surgery, oral surgery, neurology, and ENT. Surgeons can work more correctly and effectively using these tools. They assist in every part of the surgery, from wound management through screw and nail drilling, sawing, and reaming in lengthy bone fractures. Surgical equipment includes drills, retractors, clamps, and reamers that produce a thread pattern in the human body.

Global market success will lead to innovative corporate goals and advantages. The business environment view, product details, and applications further provide insight into the study. Additionally, the report examines each region’s and market participant’s contribution to the market. The market also offers information on import/export statistics, consumer volume, manufacturing capacity, and price analysis.

Large Surgical Equipment corporations are laying the seeds of their own demise by seeking consolidation for improved profitability and reduced costs. The Surgical Equipment industry has stopped attempting to innovate with novel concepts and new goods. Instead of upsetting its own company, the industry has chosen incremental innovation inside its own product portfolios, and much of the innovation that takes place is to sustain or barely grow the current business. The industry investigates Biogas, hydrogen, and electric heating as potential substitutes for natural gas as feedstock and power sources.

Factors Influencing Market Growth

  • Among the factors driving the global surgical equipment market include the growing preference for robotic-assisted surgery and a rise in the geriatric population, susceptible to ocular disorders, gastric disorders, intestinal disorders, and other health essentials.
  • Insufficient quality warranty concerning performance, improper sterilization procedures for reusable equipment, and the lack of an affirmative regulatory framework may slow down the overall market growth.
  • The rising incidence of trauma and physical injuries is forecast to fuel the global market growth.

Leading Competitors

The leading prominent companies profiled in the global surgical equipment market are:

  • Medtronic Plc.
  • Peters Surgical SASU
  • Johnsons & Johnsons
  • Conmed Corporation
  • Novartis International AG
  • Smith & Nephew PLC
  • Boston Scientific Corporation
  • B. Braun Melsungen AG
  • Cousin-Biotech
  • Enthral Medical GMBH
  • Fuhrmann GMBH
  • Integral Lifesciences Holdings Corporation
  • KLS Martin Group
  • Other Prominent Players

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Through the conclusion of the year, 2022 saw growth in the Surgical Equipment industry’s payrolls. In January, employment in the Surgical Equipment industry surpassed pre-COVID levels, and in 2022, payrolls increased by more than 15,000 people. Global Surgical Equipment output increased by 5.2% in 2021 due to the worldwide economic boom and soaring demand for commodities. The production of the global industrial sector declined in 2022 after a boom in 2021 that was sparked by a shift in consumer expenditure toward products and a hefty fiscal stimulus.

Global Surgical Equipment output is anticipated to increase at a 2.9% rate in 2023 as production in Western Europe gradually picks up steam from its low points and production in the Asia/Pacific region recovers. With nearly 45% of the world’s Surgical Equipment market, China continued to be both the world’s largest producer and consumer of market. Since 2010, when the market share was about 26%, there has been a year-over-year increase, and it now makes a significant contribution to the GDP of the nation. The nation is the top exporter in industries including silicon, PVC, and several specific Surgical Equipment market.

Scope of the Report

The global surgical equipment market segmentation focuses on Product Type, Application, End-Users, and Region.

Segmentation based on Product Type

  • Surgical Sutures and Stapling Devices
  • Hand-held Surgical Equipment

    • Dilators
    • Forceps and spatulas
    • Cutter instruments
    • Retractors
    • Others

  • Electrosurgical Equipment

Segmentation based on Application

  • Obstetrics and Gynecology
  • Orthopedics
  • Thoracic
  • Plastic and Reconstructive
  • Wound Closure
  • Neurology

Segmentation based on End-Users

  • Hospitals
  • Ambulatory surgery centers (ASCs)
  • Clinic

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Segmentation based on Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Key questions answered in the market report are:

  • What are the sales, production, consumption, import, and export values of the global market (covering North America, Europe, Asia-Pacific, South America, the Middle East, and Africa)?
  • Who are the leading producers in this industry globally? What are their current operational levels for capacity, production, sales, price, cost, gross, and revenue?
  • What are the market chances and dangers for the vendors in the global market?
  • Which product categories, final consumers, or applications might be seeking new growth opportunities? What is the market share for each kind and application?
  • What specific tactics and restraints are controlling the market?
  • Which marketing, sales, and distribution channels are available on the global market?
  • What are the manufacturing equipment and upstream raw materials?

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About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

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