Surgical Equipment Market
Surgical equipment are tools that are designed to view
internal body organs or modify biological tissues. They are used for various
surgical procedures such as neurosurgery, urology, laparoscopic, plastic
surgery, cardiovascular, and others. Surge in prevalence of chronic disorders
among geriatric population, increase in number of surgical procedures, and
increase in demand for surgical procedures such as minimally invasive surgeries
and laparoscopic surgeries act as the major drivers of the global surgical
equipment market.
Closure devices was the major contributor to the revenue of
surgical auxiliary instruments in 2016 and is anticipated to maintain this
trend throughout the forecast period. Lancets/Scalpels registered highest
growth in the surgical cutter instruments market during the forecast period. Retractors
is anticipated to grow at the fastest pace in the handheld surgical instruments
market during the forecast period. Europe accounted for one-third of total
market share in 2016 and is expected to maintain this trend throughout the
forecast period. UK is anticipated to grow at the fastest pace in the European
surgical equipment market during the forecast period.
Geographically, the surgical equipment market is studies
across North America, Europe, Asia-Pacific, and LAMEA. North America dominated
the surgical equipment market in 2016, accounting for three-sevenths of the
total market. This was attributed to well-established healthcare system in
North America, high adoption of innovative minimal invasive & laparoscopic
surgical procedures, rise in prevalence of chronic diseases & related
surgical procedures, and surge in demand for plastic & reconstructive &
bariatric surgeries.
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