Global Surgical Equipment Market to be Valued at US$11.2 bn by 2019 - Transparency Market Research

The featured report, titled “Surgical Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, from Transparency Market Research (TMR) offers the latest insights into the market. According to the report, the Global surgical equipment market will expand at a CAGR of 4.20% during the forecast period from 2013 to 2019. In 2012, the global surgical equipment market was estimated at around US$8.4 bn and by 2019, the market is expected to be worth more than US$11.2 bn.

The global surgical equipment market is driven by the year-on-year growth in the number of surgical procedures around the world and the rapidly expanding elderly population. The global surgical equipment market will also benefit from the elevated demand for minimally invasive procedures. The market will get a boost from the rising technical advances driving innovation of products that offer better outcomes.

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Nevertheless, the global surgical equipment market will be restrained by the accelerating demand for advanced wound closure materials such as fibrin, glues, hemostats, and high-strength medical adhesives. Furthermore, the price competition in the industry, side effects associated with various types of surgical equipment, and implementation of the Patient Protection and Affordable Care Act (PPACA) in the U.S. market will also suppress the global surgical equipment market. 
 
By product type, the global surgical equipment market is divided into electrosurgical devices, surgical handheld instruments (scissors, retractors, forceps, and scalpels), and surgical sutures and staples. In 2012, the surgical sutures segment held a greater share than the staples segment. The two main types of sutures available in the global surgical equipment market are absorbable and non-absorbable sutures. Presently, absorbable sutures are in demand due to their growing utilization across the majority of surgical procedures, except those that require permanent sutures or long-term care.
 
Players in the global surgical equipment market will benefit from the market opportunity presented by emerging economies in Eastern Europe, Asia Pacific, and Latin America. Some of the key players operating in the global surgical equipment market are Stryker Corporation, Medicon eG, Ethicon, Inc., CONMED Corporation, CareFusion Corporation, and Aspen Surgical Products. 

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