Surgical Equipment Market Business Overview, Challenges, Opportunities Analysis

1. Market Research Report EXCLUSIVE EDITION Global Surgical Equipment Market Research Report Global Industry Analysis, Forecast and Trends, 2022-2031 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Surgical Equipment Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Surgical Equipment Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030 Surgical Equipment Market by Product Type (Hand-Held Surgical Equipment, and Electrosurgical Equipment), by Application (Wound Closure and Neurology), by End-Users (Hospitals, ASCs, and Clinic), by Region – Global Share and Forecast to 2030 Description Theglobal surgical equipment market size is expected to grow from USD 7.0 billion in 2021 to USD 15.3 billion by 2030, at a CAGR of 10.3% from 2022 to 2030. Surgical equipment is a medical device commonly used during a surgical procedure. They are used in orthopedic, thoracic, oral, neurology, and ENT surgeries. This equipment constitutes an integral part of the orthopedic, cardiovascular, spine, ENT, and neurological surgeries. These tools permit surgeons to work accurately and efficiently. They are used in every aspect of surgery, ranging from wound management to drilling, sawing, and reaming in long bone fractures using screws and nails. These tools are further improved to make them lighter for easy handling by surgeons. Advanced surgical equipment is reliable as they are high on performance and easy to assemble. Surgical equipment such as drills, retractors, clamps, and reamers produces a thread pattern in the human body. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Surgical equipment can be classified into two types: reusable and disposable. The equipment line depends on the type of surgery required. Some of the common shapes of surgical equipment include straight, curved, or circular. These instruments find their use in open and closed surgeries. The market is witnessing rapid advancements in technology. However, surgeons cannot understand the clinical or scientific basis of the optimal use of these devices in several cases. Therefore, many surgeons undergo training programs for effective results. Get Full PDF Sample Copy of Report: https://www.marketstatsville.com/request-sample/surgical-equipment- market Global Surgical Equipment Market Dynamics Drivers: Growing Demand for Power Tools in Surgical Procedures The growing need for power tools will drive the demand for surgical equipment. The surgical power tools market benefits from the growing demand for minimally invasive surgeries. There is increased adoption of battery-driven cordless surgical power tools due to their advantages. Vendors are © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Vendors are increasingly focusing on the use of lithium-ion batteries in surgical tools. This is expected to improve the workflow efficiency of surgeons. These batteries offer high energy density, long lifecycle, improved reliability, and high-performance standards. Moreover, there has been an increased demand for cordless surgical tools. Restraints: Complications in the Use of Surgical Equipment Increasing complications with the use of surgical equipment may hinder the growth prospects in the market. Risks associated with surgical instruments include implementing improper techniques by the surgeon or the technician, leaving an instrument inside the patient after performing surgery, and transmitting infection due to improper cleaning and sterilization techniques. Improperly cleaned or sterilized instruments contribute to post-operative infections or mortality. Improper use of surgical equipment may lead to post-operative complications. As there is an increased technological integration, there is an increased likelihood that multiple components of the surgical equipment can malfunction. Opportunities: Advent of Robotic Surgery Driving the Demand for Surgical Equipment © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. The increased need for robotic surgery is likely to drive the demand for surgical equipment. Robotic-assisted surgeries require integrating various surgical equipment, including power tools, to perform various procedures. For instance, surgical robots work with four arms, which increases the demand for various surgical equipment, including power tools. For instance, the surgical robot developed by the University of Washington makes use of multiple surgical tools during surgical operations. They are programmed, computer-controlled devices, which can help position surgical instruments. The advantages associated with these systems will drive the adoption substantially. For instance, robotic surgical systems help to reduce post-surgical complications and decrease the procedural cost considerably. Scope of the Surgical Equipment The study categorizes the surgical equipment market based on product type, application, end-users at the regional and global levels. By Product Type Outlook (Sales/Revenue, USD Million, 2017-2030) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. •Surgical Sutures and Stapling Devices •Hand-held Surgical Equipment • Dilators • Forceps and spatulas • Cutter instruments • Retractors • Others •Electrosurgical Equipment By Application Outlook (Sales/Revenue, USD Million, 2017-2030) •Obstetrics and Gynecology •Orthopedics •Thoracic •Plastic and Reconstructive •Wound Closure •Neurology © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. By End-Users Outlook (Sales/Revenue, USD Million, 2017-2030) •Hospitals •ASCs •Clinic By Region Outlook (Sales/Revenue, USD Million, 2017-2030) •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) Make an Enquire before Purchase @: https://www.marketstatsville.com/buy-now/surgical-equipment- market?opt=2950 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. The surgical sutures and staplers segment is projected to account for the largest market share, by product type Based on product type, the global surgical equipment market is divided into surgical sutures and staplers, hand-held surgical devices, and electrosurgical devices. In 2021, the sutures and staplers segment accounted for the largest market share of 50.1% in the global surgical equipment market. Surgical sutures are medical devices used to hold body tissues together during an injury or surgery. A needle generally performs this with an attached length of thread. These sutures are available in different materials, sizes, and shapes. Surgeons, physicians, dentists, podiatrists, ophthalmologists, registered nurses, other trained nursing personnel, and clinical pharmacists mostly prefer suturing surgical procedures. Surgical knots are used to secure the sutures. Surgical sutures are medical devices used to hold body tissues together during an injury or surgery. A needle generally performs this with an attached length of thread. These sutures are available in different materials, sizes, and shapes. Surgeons, physicians, dentists, podiatrists, ophthalmologists, registered nurses, other trained nursing personnel, and clinical pharmacists mostly prefer suturing surgical procedures. Surgical knots are used to secure the sutures. Asia Pacific accounts for the highest CAGR during the forecast period © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Based on the regions, the global surgical equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The surgical equipment market in APAC is anticipated to witness higher growth potential than other regions. This can be attributed to rapidly developing healthcare infrastructure, the growing medical tourism industry, and attractive pre-approved loan schemes for the mid-tier hospitals from government banks. Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/surgical-equipment- market For instance, China is making substantial investments in hospital remodeling and upgrading their lower-tier hospitals to higher urban hospitals, especially in the rural areas, which require sophisticated surgical equipment. Vendors also focus on solidifying their relationships with the surgeons and end-users by offering training sessions. They also provide innovative pricing and financing models to create awareness about the benefits of advanced surgical equipment such as electrosurgical devices as part of their marketing strategy. The leading global companies who have already partnered with local medical equipment vendors to generate revenue from the developed markets are also focusing on implementing the same strategy in this highly untapped market. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Key Market Players The surgical equipment market is mildly concentrated in nature with few numbers global players operating in the market such as Medtronic Plc., Johnsons & Johnsons, Conmed Corporation, Novartis International AG, Smith & Nephew PLC, Peters Surgical SASU, Boston Scientific Corporation, Cousin-Biotech, Enthral Medical GMBH, Fuhrmann GMBH, Integral Lifesciences Holdings Corporation, B. Braun Melsungen AG, and KLS Martin Group. Every company follows its business strategy to attain the maximum market share. Request For Report Description @ https://www.marketstatsville.com/surgical-equipment-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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