The surgical instruments market share is expected to increase by USD 8.59 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.87%.
This surgical instruments market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (surgical sutures and stapling devices, handheld surgical devices, and electrosurgical devices) and geography (North America, Asia, Europe, and ROW). The surgical instruments market report also offers information on several market vendors, including B. Braun Melsungen AG, Becton Dickinson and Co., Boston Scientific Corp., Conmed Corp., Cousin Biotech SAS, Enthral Medical GMBH, Johnson and Johnson Inc., Medtronic Plc, Péters Surgical, and Smith and Nephew plc among others.
What will the Surgical Instruments Market Size be in 2021?
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Surgical Instruments Market: Key Drivers and Trends
The increase in the volume of surgeries coupled with chronic diseases and the older population is notably driving the surgical equipment market growth, although factors such as risks and complications associated with surgical instruments may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the surgical instruments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This surgical instruments market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Surgical Instruments Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- B. Braun Melsungen AG
- Becton Dickinson and Co.
- Boston Scientific Corp.
- Conmed Corp.
- Cousin Biotech SAS
- Enthral Medical GMBH
- Johnson and Johnson Inc.
- Medtronic Plc
- Péters Surgical
- Smith and Nephew plc
This statistical study of the surgical instruments market encompasses successful business strategies deployed by the key vendors. The surgical equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The surgical instruments market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Surgical Instruments Market?
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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for surgical instruments in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Surgical Instruments Market?
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The surgical instruments market share growth by the surgical sutures and stapling devices segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Surgical Instruments Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.87% |
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Market growth 2021-2025 |
$ 8.59 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.93 |
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Regional analysis |
North America, Asia, Europe, and ROW |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
B. Braun Melsungen AG, Becton Dickinson and Co., Boston Scientific Corp., Conmed Corp., Cousin Biotech SAS, Enthral Medical GMBH, Johnson and Johnson Inc., Medtronic Plc, Péters Surgical, and Smith and Nephew plc |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Surgical Instruments Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive surgical instruments market growth during the next five years
- Precise estimation of the surgical instruments market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the surgical equipment industry across North America, Asia, Europe, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of surgical equipment market vendors
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