Surgical equipment are used for a number of functions during surgical procedures such as making incisions, holding organs and tissues back, grasping certain tissue or skin, providing access to site of operation, coagulation of blood vessels and closing the wound by stitching or stapling. The most commonly used surgical equipment include sutures and staples, surgical handheld instruments (scalpels, forceps, retractors and scissors) and electrosurgical devices. The report on global surgical equipment market studies the current scenario as well as the future market potential for different surgical equipment that are used extensively in various surgical procedures. In this report, the market for surgical equipment has been segmented into three major product types, namely:
1. Surgical Sutures and Staples
2. Surgical Handheld Instruments
3. Electrosurgical Devices
During surgical procedures, surgical equipment such as sutures, staples, scalpels, forceps, retractors, scissors, and electrosurgical devices and are used for a variety of purposes such as making incisions, holding organs and tissues back, grasping certain tissue or skin, providing access to site of operation, coagulation of blood vessels, and closing the wound by stitching or stapling. The most commonly-used surgical equipment includes sutures and staples, surgical handheld instruments (scalpels, forceps, retractors and scissors), and electrosurgical devices.
The global surgical equipment market was estimated at US$8.43 billion in 2012 and is predicted to grow at a CAGR of 4.2% between 2013 and 2019, to reach an estimated value of US$ 11.28 billion by 2019.
Electrosurgical Devices Segment to Represent Highest Growth
The global market for surgical equipment, based on product, has been segmented into three major types, namely, surgical sutures and staples, surgical handheld instruments, and electrosurgical devices. Among these, the surgical sutures and staples market has been additionally segmented into surgical staples and surgical sutures; while the market for surgical handheld instruments has been segmented into forceps, scalpels, retractors and scissors.
The surgical sutures and staples segment constituted the largest share (55.6%) of the overall surgical equipment market revenue in 2012. However, in the forecasting horizon 2013 to 2019, due to sluggish growth rate, it is expected to lose a part of its share. Nonetheless, the electrosurgical devices market segment is predicted to depict the highest growth, with 6.1% CAGR, because of the increasing demand for minimally-invasive procedures that comprehensively use these devices. Electrosurgical devices include instruments, radiofrequency generators, and other accessories, which are utilized in the course of numerous surgical procedures to cauterize, cut, coagulate tissues and luminal structures by utilizing high frequency electric current.
Minimally Invasive Procedures are in Demand. What Does this Mean for the Surgical Equipment Market?
Owing to advantages such as precise incision, negligible blood loss, decreased post-surgery complications and side effects, quicker recovery span and shorter period of hospital stay; minimally invasive procedures are encountering more demand over almost every medical specialty. Augmented demand for minimally-invasive procedures is prone to trigger market development for electrosurgical devices. Few other factors anticipated to drive market development are continuous addition to surgical procedure numbers, exponential expansion of the elderly population, and technological advances in the zone of product development.
Browse full report @ http://www.transparencymarketresearch.com/surgical-equipment-market.html
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