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(Medical-NewsWire.com, September 07, 2018 ) The surgical equipment industry manufactures tools used by surgeons for cutting, dissecting, grasping, holding, retracting and suturing. Surgical equipment includes graspers, clamps, retractors, distractors, mechanical clutters, and suction tips and tubes.
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The global surgical equipment manufacturing market has shown decent growth in the past years with a CAGR of just over 4.5%. The year 2017 recorded highest ever growth in this market as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the surgical equipment market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Growing demand for minimally invasive surgery (MIS) will increase the demand for advanced surgical equipment. MIS refers to any surgical procedure that requires minimal incisions as opposed to traditional or open surgery used for the same purpose. Preference for MIS procedures increased due to their multiple advantages such as short healing and recovery time, minimal scarring, cost effectiveness, minimal trauma and pain and decreased risk of infections and complications.
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Companies included in the report are Johnson & Johnson, Stryker Corporation, Intuitive Surgical, B. Braun Melsungen AG, and Getinge Group.
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