Few of the key findings from this surgical cutting devices market analysis report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Surgical Cutting Devices Industry Overview
The rising prevalence of chronic conditions such as diabetes, cardiac conditions, and cancer has increased the need for surgical procedures. There has been a notable rise in diabetes cases in recent years in the US, which has contributed to the growth in the number of diabetic retinopathy cases. Cardiovascular conditions and cancer are prevalent among older adults across Europe. Biopsy and removal of cancerous tissues are common procedures that the majority of the cancer patients must go through. These factors have been augmenting the need for surgical and screening procedures, which is increasing the need for surgical cutting devices. Therefore, the increasing prevalence of surgical procedures due to chronic conditions across the world is one of the key surgical cutting devices market growth drivers. The market will record a CAGR of about 5% during the forecast period.
To increase surgical efficacy, leading healthcare organizations have started adopting advanced minimally invasive devices. Robotic surgeries, along with hybrid and integrated operating rooms, are mostly being preferred by end-users for performing minimally invasive surgeries and advanced medical procedures. These operating rooms enhance patient safety, increase surgical efficacy, and can be cost-effective. The demand for technologically advanced products is increasing due to their benefits such as patient safety and reduced surgical time. Therefore, the rising focus of end-users to opt for improved healthcare infrastructure is one of the key surgical cutting devices market trends. The trend will have a positive influence on its growth over the forecast period.
Top Surgical Cutting Devices Companies Covered in this Market Research Report
The surgical cutting devices market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This report also includes information on the upcoming surgical cutting devices market trends and challenges that will influence market growth. This will enable companies to create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading surgical cutting devices manufacturers, including:
- B. Braun Melsungen AG
- CONMED Corp.
- Johnson & Johnson Services Inc.
- Medtronic Plc
- The Cooper Co. Inc.
Surgical Cutting Devices Market Segmentation Based on Product
- Trocars
- Scissors
- Scalpel and blades
The trocars market segment will account for the highest market share. The growing demand for minimally invasive surgeries such as laparoscopic surgeries and increasing product launchers are a few factors that will boost the need for trocars. This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical cutting devices market size.
Surgical Cutting Devices Market Segmentation Based on Geographic Region
- Asia
- Europe
- North America
- ROW
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the surgical cutting devices market throughout the forecast period. Factors such as the rising prevalence of chronic diseases and increasing adoption of minimally invasive surgeries are contributing to the surgical cutting devices market growth in North America.
Key Highlights of the Global Surgical Cutting Devices Market Forecast Report for Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the surgical cutting devices market during the next five years
- Precise estimation of the global surgical cutting devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the surgical cutting devices industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of surgical cutting devices companies
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