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World Surgical Equipment Market

- Opportunities and Forecasts, 2013 - 2020
 Report Code: ME 1468
 Pages: 175
 Format: PDF Exel CD_rom
pub_n Published: Jul 2014
tab_nTables: 68
aut_nAuthor(s):

Surgical equipment are medical devices/tools that serve the specific purpose during surgery. These tools enable the physical modification of biological tissue to provide access to underlying body components. The global surgical equipment market is expected to grow at significant CAGR of 11.1% during the forecast period. Inception of modern electronic technologies such as minimally invasive surgery equipment, and robotic & power assisted systems are primarily driving the surgical equipment market. Development of da Vinci Surgical System by Intuitive Surgical, Inc., in 2011 has provided a breakthrough platform for the robotic assisted surgeries. Despite such promising factors, inadequate quality assurance concerning to performance, improper sterilization procedures for reusable equipment and the absence of affirmative regulatory framework in some regions (such as developing economies).stand as restraints for the development of the market.

Medtronic Inc., Stryker Corporation, Conmed Corporation, Carefusion Corporation, Alcon Laboratories Inc., Smith & Nephew PLC, Ethicon Inc., Zimmer Holdings Inc. and KLS martin group are the key players of this market and are sharing approximately half of the global revenue of the 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. Product launch is the popular strategy followed in the global surgical equipment market, which has helped the manufacturers to gain substantial market share. Recently, Zimmer had launched three products for minimally invasive surgery, namely Viewline Retractor System, Tube Retraction System and Posterior Instrument Set. These products largely find their applications in microdiscectomy procedures.

Surgical Equipment Market

Global surgical equipment market is segmented based on equipment types, applications and geography. Surgical equipment types are further categorized as surgical Sutures and Staples, Handheld Surgical Devices, Electrosurgical Devices and Others. Handheld surgical devices are further classified into Scalpels, Forceps, Retractors and Scissors. Surgical sutures and staples account for the largest market share owing to growing number of surgeries performed. These equipment find frequent applications in all type of surgeries that are performed globally. However, the global market for surgical sutures and staples is expected to decline during the forecast period due to shift in customer preferences from traditional (invasive) to minimally invasive surgeries. Electrosurgical devices are the fastest growing segment due to advancement in technology and high demand for minimally invasive surgeries. Surgical equipments have wide applications in different surgical procedures such as Neurosurgery, Plastic and reconstructive surgeries, Wound Closure, Urology, Obstetrics and gynecology, Thoracic surgery, Microvascular, Cardiovascular, Orthopedic surgery, Laparoscopy and Others.

Geographically, global surgical equipment market is segmented into North America, Europe, Asia-Pacific and LAMEA. Potential regions of the respective geographies are strategically analyzed to provide country wise intelligence of the surgical equipment. North America dominates the global surgical equipment market followed by Europe and Asia-Pacific. The growth in North America and Europe is primarily driven by advent of new technologies, growing ageing population, favorable regulatory framework and high disposable income among the consumers. However, business dynamics in Asia-pacific is expected to witness substantial growth owing to advancing medical tourism industry, rising unmet healthcare needs, rising prevalence of chronic diseases that require surgical procedures and favorable reimbursement scenarios.

KEY BENEFITS

This report offers the following benefits in particular:

  • An in-depth exposure to the global surgical equipment market is provided and light is shed on market dynamics that would prove crucial in understanding the market
  • Quantitative analysis of the current market and estimations through 2013-2020 would assist strategists to design business strategies to capitalize on the prevailing opportunities in the market
  • Porters Five Forces analysis examines the competitive structure of the global surgical equipment market and also provides a deeper understanding of the influence factors for market entry and market expansion
  • Pin-point analysis of geographic segments proffers identification of most profitable segments to capitalize on
  • Strategic analysis of the key leaders and their business strategies within the global surgical equipment market provided would assist stakeholders to make more informed business decisions

KEY MARKET SEGMENTS

The global surgical equipment market is segmented into three major categories such as, types, applications and geography.

MARKET BY TYPE

  • Surgical Sutures and Staples
  • Handheld Surgical Devices
    • Scalpels
    • Forceps
    • Retractors
    • Scissors
  • Electrosurgical Devices
  • Others

MARKET BY APPLICATION

  • Neurosurgery
  • Plastic and Reconstructive Surgeries
  • Wound Closure
  • Urology
  • Obstetrics and Gynecology
  • Thoracic Surgery
  • Microvascular
  • Cardiovascular
  • Orthopedic Surgery
  • Laparoscopy
  • Others

MARKET BY GEOGRAPHY

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • U.K.
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Others
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Table Of Contents
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Title/ Chapter Name Chapter Price

Chapter: 1 INTRODUCTION

1.1 Key benefits
1.2 Key market segments
1.3 Research methodology

1.3.1 Primary research
1.3.2 Secondary research
1.3.3 Analyst tools and models

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Chapter: 2 EXECUTIVE SUMMARY

2.1 Market beyond: what to expect by 2025

2.1.1 Moderate growth scenario
2.1.2 Rapid growth scenario
2.1.3 Diminishing growth scenario

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Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Disposable versus reusable surgical instruments
3.3 Advanced surgical technologies

3.3.1 Emergence of robotic surgical equipments

3.3.1.1 Da Vinci Surgical System

3.3.2 Computer assisted surgical equipments

3.4 Key Findings

3.4.1 Top factors impacting surgical equipment market
3.4.2 Top investment pockets of surgical equipment market
3.4.3 Top winning strategies in surgical equipment market

3.5 Porter's five force analysis

3.5.1 Bargaining power of buyers
3.5.2 Bargaining power of suppliers
3.5.3 Threat of new entrants
3.5.4 Threat of substitute products
3.5.5 Intensity of competitive rivalry

3.6 Government Regulations

3.6.1 Medical devices regulations in the U.S.
3.6.2 Medical devices regulations in Europe and UK
3.6.3 Medical devices regulations in Asia-Pacific

3.7 Value chain analysis

3.7.1 Primary activities
3.7.2 Support activities

3.8 Case Studies

3.8.1 Multiple sterilization resistant surgical microtweezer: A case study of ERBE Elektromedizin GmbH
3.8.2 Stryker case & tray delivery system
3.8.3 Alcon Inc.: quanser brings new level of accuracy to laser eye surgery: mechatronics expertise used to solve integral challenge

3.9 Patent analysis

3.9.1 Patent analysis by region (2010-2014)

3.10 Surgical equipment market share analysis
3.11 Market dynamics

3.11.1 Drivers

3.11.1.1 Large pool of ageing population
3.11.1.2 Rise in number of surgeries
3.11.1.3 Growing demand for minimally invasive surgeries
3.11.1.4 Technological advances

3.11.2 Restraints

3.11.2.1 High price competition
3.11.2.2 Inadequate quality assurance and lack of proper sterilization of the equipments
3.11.2.3 Unfavorable taxation policy

3.11.3 Opportunities

3.11.3.1 Emerging economies
3.11.3.2 Advances in technology

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Chapter: 4 GLOBAL SURGICAL EQUIPMENT MARKET BY TYPE

4.1 Surgical sutures and staples

4.1.1 Key market trends
4.1.2 Competitive scenario
4.1.3 Key growth factors and opportunities
4.1.4 Market size & forecast

4.2 Handheld surgical devices

4.2.1 Scalpels

4.2.1.1 Key market trends
4.2.1.2 Competitive scenario
4.2.1.3 Key growth factors and opportunities
4.2.1.4 Market size &forecast

4.2.2 Forceps

4.2.2.1 Key market trends
4.2.2.2 Competitive scenario
4.2.2.3 Key growth factors and opportunities
4.2.2.4 Market size & forecast

4.2.3 Retractors

4.2.3.1 Key market trends
4.2.3.2 Competitive scenario
4.2.3.3 Key growth factors and opportunities
4.2.3.4 Market size & forecast

4.2.4 Scissors

4.2.4.1 Key market trends
4.2.4.2 Competitive scenario
4.2.4.3 Key growth factors and opportunities
4.2.4.4 Market size & forecast

4.3 Electrosurgical devices

4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market size & forecast

4.4 Others

4.4.1 Power systems
4.4.2 Retraction systems
4.4.3 Market size & forecast

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Chapter: 5 GLOBAL SURGICAL EQUIPMENT MARKET BY APPLICATION

5.1 Neurosurgery
5.2 Plastic and reconstructive surgeries
5.3 Wound closure
5.4 Urology
5.5 Obstetrics and gynecology
5.6 Thoracic surgery
5.7 Microvascular
5.8 Cardiovascular
5.9 Orthopedic surgery
5.10 Laparoscopy
5.11 Others

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Chapter: 6 GLOBAL SURGICAL EQUIPMENT MARKET BY GEOGRAPHY

6.1 North America

6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Competitive scenario
6.1.4 Market size & forecast
6.1.5 United States

6.1.5.1 Market trends
6.1.5.2 Market size and forecast

6.1.6 Canada

6.1.6.1 Market trends
6.1.6.2 Market size and forecast

6.1.7 Mexico

6.1.7.1 Market trends
6.1.7.2 Market size and forecast

6.2 Europe

6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Competitive scenario
6.2.4 Market size & forecast
6.2.5 Germany

6.2.4.1 Market trends
6.2.4.2 Market size and forecast

6.2.5 France

6.2.5.1 Market trends
6.2.5.2 Market size and forecast

6.2.6 United Kingdom (UK)

6.2.6.1 Market trends
6.2.6.2 Market size and forecast

6.2.7 Others

6.3 Asia Pacific

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Competitive scenario
6.3.4 Market size & forecast
6.3.5 India

6.3.5.1 Market trends
6.3.5.2 Market size and forecast

6.3.6 China

6.3.6.1 Market trends
6.3.6.2 Market size and forecast

6.3.7 Japan

6.3.7.1 Market trends
6.3.7.2 Market size and forecast

6.3.8 Australia

6.3.8.1 Market tends
6.3.8.2 Market size and forecast

6.3.9 Others

6.4 LAMEA

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Competitive scenario
6.4.4 Market size & forecast
6.4.5 Latin America

6.4.5.1 Market trends
6.4.5.2 Market size and forecast

6.4.6 Middle East

6.4.6.1 Market trends
6.4.6.2 Market size and forecast

6.4.7 Africa

6.4.7.1 Market trends
6.4.7.2 Market size and forecast

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Chapter: 7 COMPANY PROFILES

7.1 Medtronic, Inc.

7.1.1 Company overview
7.1.2 Business performance
7.1.3 Strategic moves and developments

7.1.3.1 Principal strategy: approvals
7.1.3.2 Secondary strategy : product launch and acquisition

7.1.4 SWOT analysis

7.2 Stryker Corporation

7.2.1 Company overview
7.2.2 Business performance
7.2.3 Strategic moves and developments

7.2.3.1 Principal strategy: scquisition
7.2.3.2 Secondary strategy: approval

7.2.4 SWOT analysis

7.3 Conmed Corporation

7.3.1 Company overview
7.3.2 Business performance
7.3.3 Strategy move and development

7.3.3.1 Principal strategy: product launch
7.3.3.2 Secondary strategy: acquisition

7.3.4 SWOT analysis

7.4 Carefusion Corporation

7.4.1 Company overview
7.4.2 Business performance
7.4.3 Strategic moves and developments

7.4.3.1 Principal strategy: approvals
7.4.3.2 Secondary strategy : acquisition

7.4.4 SWOT analysis

7.5 Alcon Laboratories Inc.

7.5.1 Company overview
7.5.2 Business performance
7.5.3 Strategic moves and developments

7.5.3.1 Principal strategy: product launch
7.5.3.2 Secondary strategy : acquisition and approval

7.5.4 SWOT analysis

7.6 Smith & Nephew Plc

7.6.1 Company overview
7.6.2 Business performance
7.6.3 Strategic moves and developments

7.6.3.1 Principal strategy: product launch
7.6.3.2 Secondary strategy : acquisition

7.6.4 SWOT analysis

7.7 Ethicon Inc.

7.7.1 Company overview
7.7.2 Business performance
7.7.3 Strategic moves and developments

7.7.3.1 Principal strategy: approval
7.7.3.2 Secondary strategy :product launch and collaboration

7.7.4 SWOT analysis

7.8 B. Braun Melsungen AG (Aesculap Inc.)

7.8.1 Company overview
7.8.2 Business performance
7.8.3 Strategic moves and developments

7.8.3.1 Principal strategy: product launch
7.8.3.2 Secondary strategy : acquisition

7.8.4 SWOT analysis

7.9 Zimmer Holdings Inc.

7.9.1 Company overview
7.9.2 Business performance
7.9.3 Strategic moves and developments

7.9.3.1 Principal strategy: product launch
7.9.3.2 Secondary strategy : approval

7.9.4 SWOT analysis

7.10 KLS Martin Group

7.10.1 Company overview
7.10.2 Strategic moves and developments

7.10.2.1 Principal strategy: product launch

7.10.3 SWOT analysis

LIST OF TABLES

TABLE.1 Moderate growth scenario of surgical Equipment market by Geography, 2020 - 2025 ($million)
TABLE.2 Rapid growth scenario of surgical Equipment market by Geography, 2020 - 2025 ($million)
TABLE.3 Diminishing growth scenario of surgical Equipment market by Geography, 2020 - 2025 ($million)
TABLE.4 Comparative assessment of disposable and reusable equipments
TABLE.5 Widely accepted robotic Surgical Equipments
TABLE.6 Recently available Computer Assisted surgical systems
TABLE.7 Medical device categories listed by EC
TABLE.8 Region/Country and its respective regulatory authority
TABLE.9 Patent analysis by geographies(2010-2014)
TABLE.10 Population Statistics of 2013, by Age and Sex (thousands)
TABLE.11 Global surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.12 Approximate pricing for surgical sutures and staples
TABLE.13 Global surgical sutures and staples market by Geography, 2013 - 2020 ($million)
TABLE.14 Global Handheld surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.15 Global Handheld surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.16 Approximate pricing for surgical Scalpels
TABLE.17 Global surgical Scalpels Equipment market by Geography, 2013 - 2020 ($million)
TABLE.18 Approximate pricing for surgical Forceps
TABLE.19 Global surgical forceps Equipment market by Geography, 2013 - 2020 ($million)
TABLE.20 Approximate pricing for surgical Retractors
TABLE.21 Global surgical retractors Equipment market by Geography, 2013 - 2020 ($million)
TABLE.22 Approximate pricing for surgical Retractors
TABLE.23 Global surgical Scissors Equipment market by Geography, 2013 - 2020 ($million)
TABLE.24 Approximate pricing for surgical Retractors
TABLE.25 Global electrosurgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.26 Global others surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.27 Global surgical Equipment market by application, 2013 - 2020 ($million)
TABLE.28 Global neurosurgery Equipment market by Geography, 2013 - 2020 ($million)
TABLE.29 Global plastic and reconstructive surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.30 Global wound closure surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.31 Global urology surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.32 Global Obstetrics and gynecology surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.33 Global thoracic surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.34 Global microvascular surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.35 Global cardiovascular surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.36 Global orthopaedic surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.37 Global laparoscopy surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.38 Global others surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.39 Global surgical Equipment market by Geography, 2013 - 2020 ($million)
TABLE.40 North america surgical Equipment market by application, 2013 - 2020 ($million)
TABLE.41 United States surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.42 Canada surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.43 Mexico surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.44 Europe surgical Equipment market by application, 2013 - 2020 ($million)
TABLE.45 Germany surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.46 France surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.47 United Kingdom surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.48 Others surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.49 Asia Pacific surgical Equipment market by application, 2013 - 2020 ($million)
TABLE.50 India surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.51 China surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.52 Japan surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.53 Australia surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.54 Others surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.55 LAMEA surgical Equipment market by application, 2013 - 2020 ($million)
TABLE.56 Latin America surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.57 Middle East Equipment market by types, 2013 - 2020 ($million)
TABLE.58 Africa surgical Equipment market by types, 2013 - 2020 ($million)
TABLE.59 Medtronic, Inc. Company snapshots
TABLE.60 Stryker Corporation Company Snapshot
TABLE.61 Conmed Corporation Company snapshot
TABLE.62 Carefusion Corporation Company snapshot
TABLE.63 Alcon Laboratories Inc.Company snapshot
TABLE.64 Smith & Nephew Plc Company Snapshot
TABLE.65 ETHICON INC.Company snapshot
TABLE.66 B. Braun Melsungen AG (Aesculap Inc.) Company snapshot
TABLE.67 Zimmer Holdings Inc.Company snapshot
TABLE.68 KlS Martin Group Company snapshot

LIST OF FIGURES

FIG.1 Global Surgical Equipment Market Snapshot
FIG.2 Top factors impacting surgical equipment market (2014-2020)
FIG.3 Top investment pockets of surgical equipment market (2013)
FIG.4 Top wining strategies for Global SURGICAL equipment market (2011-2013)
FIG.5 Top wining strategies by surgical equipment application
FIG.6 Porter's five force analysis of surgical equipment market
FIG.7 Value chain analysis of Global Surgical Equipment Market
FIG.8 Patent analysis by geographies (2010-2014)
FIG.9 Global surgical equipment market share analysis (2013)
FIG.10 Population projection for United States, by age and sex (2010-2050)
FIG.11 Top 5 Surgical Procedures in The U.S. (2013)
FIG.12 Top 5 Minimally Invasive Surgeries in the U.S. (2013) (million)
FIG.13 Financial Revenue of medtronic inc. by Geography (2013)
FIG.14 Financial Revenue medtronic inc. by business group (2013)
FIG.15 SWOT analysis of Medtronic inc.
FIG.16 Financial Revenue of stryker corporation by Geography (2013)
FIG.17 Financial Revenue of stryker corporation by business group (2013)
FIG.18 SWOT analysis of Stryker Corporation
FIG.19 Financial Revenue of Conmed Corporation by business group (2012)
FIG.20 Financial Revenue of Conmed Corporation by region (2012)
FIG.21 SWOT analysis of Corporation
FIG.22 Financial Revenue of carefusion corporation by Geography (2013)
FIG.23 Financial Revenue of carefusion corporation by business group (2013)
FIG.24 SWOT analysis of Carefusion corporation
FIG.25 Financial Revenue of Alcon Laboratories by Geography (2013)
FIG.26 Financial Revenue of Alcon Laboratories by business group (2013)
FIG.27 SWOT analysis of alcon laboratories inc.
FIG.28 Financial Revenue of Smith & Nephew Plc by Geography (2013)
FIG.29 Financial Revenue of Smith & Nephew Plc by business group (2013)
FIG.30 SWOT analysis of Smith & Nephew Plc
FIG.31 Financial Revenue of Ethicon Inc. by Geography (2013)
FIG.32 Financial Revenue of Ethicon Inc. by business group (2013)
FIG.33 SWOT analysis of ETHICON inc.
FIG.34 Financial Revenue of aesculap inc. by Geography (2013)
FIG.35 Financial Revenue of aesculap inc. by business group (2013)
FIG.36 SWOT analysis of Aesculap inc.
FIG.37 Financial Revenue of Zimmer Holdings Inc. by Geography (2013)
FIG.38 Financial Revenue of Zimmer Holdings Inc. by business group (2013)
FIG.39 SWOT analysis of Zimmer Holdings, Inc.
FIG.40 SWOT analysis of KLS martin group

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The global surgical equipment market is expected to grow at a healthy CAGR during the forecast period. Inception of modern electronic technologies such as minimally invasive surgery equipment, and robotic & power assisted systems are primarily driving the surgical equipment market. Introduction of da Vinci Surgical System by Intuitive Surgical is one of the significant milestones of the surgical equipment industry and it has provided a platform for robotic assisted surgeries. Electrosurgical devices and power assisted systems are also the recent trends that are improving the performance of surgical procedures. Despite promising  growth opportunities, inadequate quality assurance concerning performance, improper sterilization procedures for reusable equipment and the absence of favorable regulatory framework in some regions (such as developing economies) stand as restraints for the market. In the United States, the FDA has enforced strict regulatory guidelines for the manufacture and standardization of surgical equipments. Under these guidelines FDA has enforced general control, pre-marketing control and post-marketing control for surgical devices. Emerging economies are lucrative markets for surgical equipment manufacturers due to their associated benefits, such as growing medical tourism, increasing disposable incomes of consumers, growing healthcare awareness and favorable government regulations.

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