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(MoneyNewsWire.Net, September 14, 2017 ) The USA’s market for general surgery devices is expected to reach USD XX billion by the end of 2021, growing at a CAGR of around XX% from 2016 to 2021.
Surgical equipment are medical devices/tools that fulfill a particular need during surgery. These tools empower the physical adjustment of biological tissue to give access to hidden body segments. Present day electronic advancements, for example, minimally invasive surgery equipment, and robotic & power assisted systems, are principally driving the surgical equipment market. Surgical equipment have wide applications in distinctive surgical techniques, for example, neurosurgery, plastic and reconstructive surgeries, wound closure, urology, obstetrics and gynecology, thoracic surgery, micro-vascular, cardiovascular, orthopedic surgery, laparoscopy and others.
USA General Surgical Devices Market - Market Dynamics
Product launch is the well-known methodology followed in the surgical equipment market, which has helped the makers increase their market share. The USA overwhelms the global surgical equipment market. Presently, Stryker, Zimmer, and Carefusion are dominating the market for electrosurgical devices that are anticipating tremendous growth in the overall surgical equipment market during the study period.
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Drivers
Some of the factors contributing to the growth of the market are:
Great administrative structure
Increased spending on healthcare
Expanding interest in outpatient surgery
Increment in the number of surgical methods performed
Developing number of health care centers
Technological advancements
High discretionary cash flows among customers
Expanding inclination for minimally invasive surgeries
Restraints
Some of the factors limiting the market growth are:
Stringent regulatory policies
Shortage of skilled labor
Shortage of quality surgical instruments
High cost
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Hospitals are persistently tested, as they must utilize quality surgical instruments while conforming to steadily fixing spending plan imperatives. Therefore, they are obtaining instruments that can be utilized productively over a drawn out stretch of time to help cut expenses.
The domestic manufacturers earn significant revenues through the export of surgical equipment. Product differentiation in this market is extremely limited; hence, pricing and branding remain the unique selling proposition. The market is packed with numerous participants ranging from manufacturers of forceps to power tools and robotics. Quite recently, specialty hospitals have seen appreciable growth in the developing economies focusing on intense treatments.
The USA’s general surgical equipment market is segmented based on equipment type and geography. Surgical equipment types are further categorized as caliper, suction tubes, forceps, probes, handles, needle holder, scissors, speculums, retractors, tendon, strippers, clamps, distractors, clips, approximators, sutures, catheters, and others.
What the Report Offers
Market definition along with identification of key drivers and restraints for the market.
Market analysis for the USA’s general surgical devices market, with region-specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the USA’s general surgical devices market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Table of Contents:
Introduction
Executive Summary
Market Overview
Porter’s Five Force Analysis
Market Segmentation
Medical Devices Market - By Type
Competitive Landscape
Company Profiles
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