Cutting Edge Technologies to Revolutionize Development of the Americas Surgical Equipment Market

Pune, India, February 05, 2018 /MRFR Press Release/- Market research future published a Half cooked research report on Global Americas Surgical Equipment Market.

Market – Overview

Increasing numbers of surgical procedures globally have consequently contributed to the development of this industry. Market Research Future, which specializes in market reports related to the Healthcare sector among others, recently published a report on this market. The sector is projected to achieve a CAGR of 7.2% approximately in the forecast period.

With advances in surgical knowledge, the surgical procedures have become more refined and accurate which necessitates the need for equally accurate surgical instruments. The Americas region has grown significantly due to innovations for the treatment various types of diseases. This has led to an increase in the influx of patients to the region seeking medical assistance due to the presence of cutting edge technologies in the sector. The market’s growth can however be restricted due to the high cost of labor and shortage of skilled labor.

Industry Segments

The Americas surgical equipment market is divided into product type, application, and end users for the purpose of the study. The market on the basis of product type is segmented into electrosurgical generators, handheld instruments, surgical sutures & staplers, electrosurgical devices, monitoring devices and others. The staplers & surgical sutures are further segmented into non-absorbable and absorbable sutures. Handheld Instruments are sub segmented into forceps, visual scope, sutures and others. Electrosurgical devices are additionally categorized into electrosurgical instruments such as HET bipolar system, electrosurgical pencils, smoke evacuation system and electrosurgical generators. The market On the basis of application, is segmented into wound closure, neurosurgery, urology, cardiovascular surgeries, orthopedic surgery and others. The end users of this industry are government hospitals, private hospital and other.

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Detailed

Regional Analysis

The American surgical equipment market is poised for a healthy growth period owing to introduction of advanced devices, growing number of healthcare organization, and expanding geriatric population. In addition to this, increasing commonness of diseases & disorder, government initiatives and high healthcare spending have driven the market growth. Moreover, presence of huge number of patients suffering from cardiovascular diseases has also supported the growth of the market. North America holds the main share in the Americas surgical equipment market. Well-developed healthcare infrastructure has been instrumental in developing the market. US and Canada are the two of the major contributors for the North American surgical equipment market. However, South America is one of the fastest growing segments in the market.

Global Competitive Analysis:

The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. Companies aiming to capture a substantial share of the market segment as early as possible, experimentation with numerous advantage points being seriously considered and implemented. The top opportunities for this sector’s long term development can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies.

CONMED Corporation (US), MEDICON (US), Integra LifeSciences Corporation (US), Ethicon US, LLC. (US), COVIDIEN (US),  Synergetics USA, Inc. (US), Stryker Corporation (US), KARL STORZ & Co. (US) to name a few of the players in this particular segment.

Industry Updates:

Jan 2018 Medtronic Plc has recently disclosed its restructuring plan that will allow the company to achieve savings between $500 million to $700 million annually over the next five years. The company expects an annual gross run-rate savings of over $3 billion by 2022 from the program. They also expect total expenses from the restructuring to be between $1.6 billion and $1.8 billion from 2018 to 2022.

Sep 2017 Integra LifeSciences Holdings Corporation who have established their position as a global leader in medical technology, announced of late, that it has signed an agreement to sell certain parts of its neurosurgery assets to Natus Medical for $47.5 million. The divestiture is subject on the consummation of Integra’s proposed acquisition of Codman Neurosurgery from Johnson & Johnson.