(PharmaNewsWire.Com, June 21, 2023 ) As per Maximize Market research, the Surgical Equipment Market was USD 14.2 Bn in 2022 and is expected to grow at a CAGR of 8.6 percent over the forecast period to reach USD 21.4 Bn by 2029
Surgical Equipment Market Report Scope and Research Methodology
The Surgical Equipment Market report is a combination of primary and secondary data, which makes it more authentic. The report includes the future prospect and current market dynamics, scope, opportunities, restraints, and drivers of the Surgical Equipment Industry. To estimate the market size, using a bottom-up approach and to provide the strengths and weaknesses of the Surgical Equipment manufacturers, a SWOT analysis was used.
The global market is majorly driven by the increasing demand for surgeries due to the growing geriatric population resulting in a higher incidence of chronic diseases. The innovations in surgical equipment are expected to boost market growth during the forecast period.
Surgical Equipment Market Regional Insights
North America held the largest market share of 35 percent in 2022. This is attributed to the factors such as well-established hospitals and huge healthcare expenditures.
Surgical Hat Market - The market size is expected to reach USD 246.39 Mn by 2029 at a CAGR of 8.3 percent during the forecast period.
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