Surgical instruments market size will reach USD 25.05 billion in 2028 owing to rising prevalence of chronic diseases such as cancer, neurological, cardiovascular diseases, diabetes across the world and increasing cases of accidents and other injuries

NEW YORK, January 31, 2022 /PRNewswire/ — The global surgical instruments market is expected to reach $25.5 billion in 2028 and register a revenue CAGR of 7.9% during the forecast period, according to the latest report published by Reports and Data. The major revenue growth drivers of the global market include rapid advancements in surgical procedures, increasing adoption of hand-held surgical instruments, and high geriatric population.

Surgical instruments such as scalpels, scissors, forceps, sutures and staplers, forceps spatulas, retractors, dilators, forceps, forceps and electrosurgical devices are used by medical professionals and surgeons to cut, grasp, hold, expand and pinch biological tissue during surgeries and operations. A wide variety of surgical instruments are available for different surgical procedures, some are used for general surgeries while others are used for specific complex surgeries. Factors such as rising incidence of eye, bowel and gastric disorders, rising number of surgeries across the globe, and growing demand for minimally invasive surgical procedures are fueling the growth of the global market. In addition, improving healthcare infrastructure, high adoption of robot-assisted surgery, especially in developed countries, and increasing investment in research and development activities to develop more surgical instruments improved, cost-effective and compact are expected to drive the revenue growth of the global market during this period. the forecast period.

However, factors such as frequent changing regulatory standards, delays in product approval processes, and shortage of well-trained healthcare professionals are expected to restrain the growth of the global market between 2021 and 2028. In addition, the high cost of surgical procedures and instruments and availability of alternatives such as adhesives and sealants are expected to hamper the overall market growth in the future.

Request a sample report – https://www.reportsanddata.com/sample-enquiry-form/2210

Some highlights of the report:

  • By category, the disposable segment is expected to account for a much larger revenue share between 2021 and 2028, driven by the growing prevalence of chronic diseases, growing number of different types of surgeries, and growing demand for disposable instruments to prevent risks of contamination and save time. and additional reprocessing costs.

  • Among the types, the surgical sutures and staplers segment is expected to account for a major share of revenue during the forecast period owing to the increasing incidence of chronic diseases and road accidents, increasing number of surgeries and the constant demand for surgical sutures and stapler removal instruments after surgeries. Sutures and staplers are commonly used in surgical processes for rapid wound healing.

  • North America is expected to account for the largest revenue share in the global market over the forecast period owing to the increasing prevalence of various chronic diseases, increasing number of surgical centers, availability of advanced surgical instruments and rising demand minimally invasive surgeries. Furthermore, increasing investment for development of improved and compact instruments, presence of well-developed healthcare institutions, availability of qualified healthcare experts and presence of leading manufacturers are expected to fuel the growth of the market in the future.

Request a custom research report @ https://www.reportsanddata.com/request-customization-form/2210

  • Asia Pacific market revenue is expected to grow at a rapid CAGR of 8.2% during the forecast period. The rapid growth in income is attributed to factors such as increasing prevalence of various chronic diseases such as diabetes, cancer, cardiovascular and neurological diseases, increasing incidence of accidents and injuries, increasing geriatric population and high adoption of minimally invasive surgical instruments. Other factors such as increased awareness of minimally invasive procedures, increased number of surgeries, improved healthcare infrastructure, increased disposable income and increased R&D investments are expected to fuel Asia Pacific market growth between 2021 and 2028.

  • Smith & Nephew plc, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Stryker Corporation, Ethicon, Inc., Aspen Surgical Products, Inc., Alcon Laboratories, Inc., Becton, Dickinson and Company, Medtronic, Plc, Boston Scientific Corporation, Abbott Laboratories, Inc., Progressive Medical, Inc., Scanlan International, Koninklijke Philips NV, Biolitec AG, and Johnson & Johnson are key companies operating in the global surgical instruments market.

To identify key industry trends, a research study at https://www.reportsanddata.com/report-detail/surgical-instruments-market

For the purposes of this report, Reports and Data has segmented the global surgical instruments market on the basis of type, application, category and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

Application Outlook (Revenue, USD Billion; 2018-2028)

Category Outlook (Revenue, USD Billion; 2018-2028)

Buy Premium Research Report @ https://www.reportsanddata.com/checkout-form/2210

Regional Outlook (Revenue, USD Billion, 2018-2028)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Explore trending research reports by reports and data:

Closed MRI Systems Market reported significant market size in 2020 which is expected to expand significantly by 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that the demand for closed MRI systems is increasing dramatically and its adoption in the healthcare sector is growing alongside due to changing market trends and consumption patterns.

The electrophysiology (EP) catheters market reported significant market size in 2019 which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that the demand for efficient medical equipment has increased significantly and its adoption in healthcare industries has increased in parallel due to changing market trends and consumption patterns, and these factors are expected to continue to support industry growth as well as market growth. over the forecast period.

Foot and ankle devices market reported significant market size in 2019 which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that the demand for effective devices has increased significantly and their adoption in the healthcare and orthopedic sectors has increased in parallel due to changing market trends and fashions. consumption, and these factors are expected to continue to support the growth of the industry as well as the market. growth over the forecast period.

The fractional flow reserve market is expected to reach a considerably large market size in 2028 by registering a high CAGR during the forecast period. Industry analysis indicates that the growing demand for fractional flow reserve market in various applications is driven by changing market trends, which are expected to support industry growth and market growth at during the forecast period.

The medical tapes and bandages market reported significant market size in 2019 which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that the demand for effective medical supplies has increased significantly and its adoption in the healthcare and pharmaceutical industries has simultaneously increased due to changing market trends and consumption patterns, and these factors are expected to continue to support the growth of the industry as well as the market. growth over the forecast period.

About reports and data

Reports and Data is a market research and consulting firm that provides syndicated research reports, custom research reports and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics, across industries, and helping customers make smarter business decisions. We offer market intelligence research ensuring relevant, fact-based research across multiple sectors including healthcare, touchpoints, chemicals, commodities and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Reports and Data has a strong base of experienced analysts from a variety of areas of expertise. Our industry experience and ability to develop a workable solution to any research problem gives our clients the ability to secure an edge over their respective competitors.

Contact:
Jean W
Business Development Manager
Reports and data | Web: www.reportsanddata.com
Direct line: +1-212-710-1370
Email: [email protected]
LinkedIn | Twitter | Blogs
Read the latest press release @ https://www.reportsanddata.com/press-release/global-surgical-instruments-market

Quote

View original content: https://www.prnewswire.com/news-releases/surgical-instruments-market-size-to-reach-usd-25-05-bn-in-2028-due-to-rising-prevalence – chronic-diseases-such-as-cancer-neurological-cardiovascular-diseases-diabetes-in-the-world-and-increasing-cases-of-accidents-and-ot -301470435.html

SOURCE reports and data



Source link

Comments are closed.