Stringent government norms on power devices in certain regions are expected have negative impact on the
market growth over the forecast period. Due to side effects related with some medical tools making people
think twice before using the device. Sseveral inadequate product quality assurance concerns to performance
related to this device, improper procedures in sterilization for used equipment affect the individual health which
is further expected to reduce the industry growth. Lack of affirmative governing structure in some developing
regions is presumed to act as restraints for the market expansion across the globe. Huge price competition
among the industry participants is presumed to hamper the Industry growth. Emerging economies such as India
and China are presumed to be an opportunity for the industry participants to enter in this untapped market.
Based on product type surgical equipment market is segmented into surgical handheld instruments, staples &
electrosurgical devices and surgical sutures. The surgical handheld instruments are further segmented as
retractors, scalpels, and scissors and forceps. Till 2012, surgical staples and sutures appeared as maximum
revenue generating product in surgical equipment market across the world. But, electrosurgical instruments are
presumed to witness pleasing growth over the six years period owing to the rise in demand for minimally
invasive operating procedures that greatly use this equipment.
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The market is classified as Neurosurgery, Wound Closure, Plastic and reconstructive surgeries, Urology, Thoracic
surgery, Cardiovascular, Obstetrics and gynaecology, Orthopaedic surgery, Micro vascular, Laparoscopy and
Others based on different applications. Under developed regions such as North America and Europe are
amongst the regional market for this equipment. And under the developing regions Asia Pacific are the regional
markets catering the demand for this instrument. North America appeared as the maximum revenue
contributing regional market due to constant R&D initiatives along with technological innovation which is
leading to the better products development. Thus this is expected to boost the regional market growth. Asia
Pacific is expected to grow at a lucrative CAGR over the next six years due to increasing awareness and
adaptation pertaining to the advanced surgical equipment. Rise in disposable in