Monday, February 24, 2014

Global market for surgical equipment to reach nearly $8.2 billion by 2018

The surgical equipment market is demonstrating significant technological innovations such as surgical robotics, the introduction of powered surgical tools and a focus on minimally invasive procedures. The market is dominated by hand tools and time-saving innovations have been introduced with the adoption of powered tools. This market has been highly sensitive to the economic downturn, which has led to reduced hospital budgets; however, it is rebounding rapidly. Increased healthcare spending, improving standards of living, and longer life expectancies will drive significant growth in this market for the foreseeable future.                                          

BCC Research provides an in-depth analysis of the global market for general surgical equipment through its report Surgical Equipment: Technologies and Global Markets. According to the report, this market was valued at nearly $4.1 billion in 2012 and was estimated at $5 billion for 2013. BCC Research expects the market to grow to nearly $8.2 billion by 2018, and register a five-year compound annual growth rate of 10.3% from 2013 to 2018.

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Use this report to:

  • Gain an overview of the global market for surgical equipment, which is undergoing significant changes with technology innovations such as surgical robotics, the introduction of powered surgical tools, and a significant focus on minimally invasive procedures.
  • Analyze global market trends, with data from 2012, estimates for 2013, and projections of CAGRs for the period of 2013 to 2018.
  • Assess a breakdown of general, OB-GYN, arthroscopy, laparoscopy, and other categories of surgical instruments.
  • Evaluate the market by supply chain, technology, geography, and by usability of equipment, such as disposable and reusable.
  • Review comprehensive company profiles of major players in the industry.

To order your copy of this report (or any of its chapters) or to download the complimentary introduction chapter, click here.

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