Infinium Global Research Global Surgical Equipment Market | Page 2

Infinium Global Research has added a new report on Global Surgical Equipment Market Trends Analysis and
Forecast 2023. According to the study the global market size of Surgical Equipment in 2016 was worth USD 9.82
billion and it is projected to reach to USD 15.34 billion in 2023, expanding at a CAGR of 6.5% over the period of
2016 to 2023.
A majority of the growth in the global surgical equipment market is projected to come from North America
region, owing to rising healthcare expenditure per capita in the U.S., moreover, high quality healthcare
infrastructure in the region is likely to support the growth in this market over the forecast period. Asia-Pacific
region is one of the most lucrative regions owning to rapid growth in this market, further, growing healthcare
facilities in the leading markets of India and China are likely to augment the market size of surgical equipment in
the region.
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Among the product types, the surgical sutures and staples segment has accounted for the largest market size in
2015 and 2016, and this trend is expected to continue over the next few years. Electrosurgical equipment are
anticipated to be a key trend with significant growth in this product segment in the next 6 years. Among the
applications, Obstetrics and Gynaecology Surgeries segment accounted for the largest market share in the world
surgical equipment owing high birth rate in the emerging markets and growing incidences of reproductive organ
disorders in women worldwide. The report identified that the large companies engaged in this market focus on
research and development and mergers and acquisitions as key strategies to expand into world market. The key
players profiled in the report include Johnson and Johnson Pvt. Ltd., KLS Martin (KLS) Group, B. Braun