ALBANY, N.Y, Sept. 8, 2020
- Development of custom robotic surgical instruments for expanding patient outcomes has spurred research activities in market, while manufacturers are aiming at developing advanced retraction instruments for open surgeries
- Uptake in wide range of general surgeries key to major revenue share of the segment in the market, particularly in Asia Pacific & the Middle East
ALBANY, N.Y, Sept. 8, 2020 /PRNewswire/ -- Relentless focus of manufacturers of surgical equipment on increasing surgical outcomes drive the pace of innovation in the surgical equipment market. In this regard, single-handed surgical suturing devices and robotics for open surgeries as well as minimally invasive procedures are the two foremost areas for research and development activities, opine analysts at TMR. This has led numerous medtech companies to collaborate on unveiling custom instruments.
Two broad categories are endo mechanical and electrosurgical devices.
In the face of coronavirus (COVID-19) outbreak, their sterilization techniques have become more important than ever.
The global surgical equipment market is expected to clock CAGR of ~4% from 2020 to 2030. In 2019, the global valuation was pegged at US$ 9.7 Bn, and is projected to reach worth of US$ 14.8 Bn by 2030-end.
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Key Findings of Surgical Equipment Market Report
Explore 188 pages of top-notch research, incisive insights, and detailed country-level projections on Surgical Equipment Market (Product: Surgical Sutures & Staples, Surgical Handheld Instruments, and Electrosurgical Devices; Application: Ophthalmology, Gynecology, General Surgery, Bariatric Surgery, Plastic Surgery, and Others; and End User: Hospitals, Ambulatory Surgical Centers, and Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/report-toc/183
Surgical Equipment Market: Key Driving Factors and Promising Avenues
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Surgical Equipment Market: Key Impediments to Growth and Competitive Landscape
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The Competitive Landscape can be segmented as follows:
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Surgical Face Masks Market: The surgical face masks market is projected to grow at a striking CAGR of ~11% during the assessment period. This indicates a continuous demand for disposable and reusable masks in hospital settings and diagnostic lab environments. Hence, innovators in the surgical face masks market are introducing high-speed converting lines to accelerate the production of masks.
Surgical Sutures Market: The global surgical sutures market is expected to be driven by increased effectiveness and safety of various surgeries owing to technological advancements. Various strategic decisions by market players such as partnerships and acquisitions for expanded network for distribution and product development are likely to boost the market.
Electrosurgical Devices Market: The global electrosurgical devices market is rising due to increased demand for effective medical procedures. Increased development in healthcare infrastructure is also leading to the rise in demand for the market. Soaring technological advancements in various parts of the world is fuelling the market growth significantly.
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