(PharmaNewsWire.Com, January 05, 2017 ) According to the report General Surgical Devices Market, published by Market Data Forecast, the global market is projected to reach USD 12.24 Billion by 2021, at a CAGR of 10.20% from 2016 to 2021.
Surgical device is a designed tool for performing specific actions of carrying out a particular task during a surgery or operation, like provide access for viewing it. They are used for a number of functions during surgical procedures, basically wound closure, plastic and reconstructive surgeries. They are used in the areas of neurology, urology, orthopedics, cardiovascular medicine, obstetrics, gynecology, etc. These tools are mainly used in small clinics, hospitals, and other places.
The rapid growth in general surgical devices market is primarily driven by the factors such as rising demand due to rising number of surgical procedures with rising prevalence & incidence of various chronic diseases accompanied by increasing ageing population. Moreover, increasing healthcare expenditure, increasing demand for technologically advanced minimal invasive surgical procedures and rising demand for plastic and reconstructive surgery are further expected to boost to the market growth during the forecast period. However, price competition in the industry is one of the factors holding back the growth. Stringent government regulations and lack of proper reimbursement for surgical equipment may also hamper the market growth during the forecast period.
The General Surgical Devices market is segmented as following:
Based on Type:
Callipers
Forceps
Suction Tubes
Scissors
Probes
Handles
Needle Holders
Speculums
Clamps
Distractors
Retractors
Tendon Strippers
Clips
Sutures
Catheters
Approximators
Others
Based on Technology:
Electrosurgical Equipment
Wireless Surgical Equipment
Manual Surgical Equipment
Based on End-Users:
Clinics
Hospitals
Others
Geographical Segmentation:
North America General Surgical Devices Market
Europe General Surgical Devices Market
Asia-Pacific General Surgical Devices Market
Latin America General Surgical Devices Market
Middle-East & Africa General Surgical Devices Market
The major companies operating in the global General Surgical Devices market include Medtronic Plc. (Ireland), Stryker Corporation (U.S.), Johnsons & Johnsons (U.S.), Conmed Corporation (U.S.), Alcon Laboratories Inc. (U.S.), Smith & Nephew PLC (U.K.), Zimmer Holdings Inc. (U.S.), Boston Scientific Corporation (U.S.), B. Braun Melsungen AG (Germany), and KLS Martin Group (U.S.).
The General Surgical Devices Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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