- Surgical Sutures & Staples
- Handheld Surgical Equipment
- Electro Surgical Equipment
Global sterile disposable surgical instruments market valued at 33720.80 million in 2021 and is estimated to reach 51716.70 million by 2028, at a CAGR of 6.3% during the forecast period due to technological advancements in the sterile disposable surgical instruments. The features which are blooming global sterile disposable surgical instruments market are increasing incidence of road accidents and rising occurrence of chronic disorders. According to World Federation of Neurology statistics, 12 in every 100 patients die due to neurological disorders. Additionally, as per Association for Safe International Road Travel, nearly 2.35 million people are injured every year due to road accidents. Moreover, with rising need for surgeries to treat chronic cardiovascular disorders in both developed and developing countries, there is an expected rise in the demand for sterile disposable surgical equipment in the forecast period. The global market is surging owing to frequent acquisitions, product launch, and collaborations by the market players. Increased demand for robotic aided surgery and an increase in the senior population, which is more sensitive to eye ailments, stomach disorders, intestinal disorders, and other health concerns, are two reasons driving the surgical equipment market expansion. Robotic-assisted surgery is a sort of minimally invasive surgery in which doctors employ technology to gain more control, access, and precision throughout the procedure. Inadequate quality assurance in terms of performance, incorrect sterilising processes for reused equipment, and the lack of a positive regulatory environment in developing nations are all factors that impede market growth. During the projected period, however, R&D in the field of surgical equipment is expected to provide new opportunities. For instance, in November 2017, ECA Medical Instruments launched its product â€œCervical-Oneâ€ which is a single-procedure instrument set for use in one and two-level cervical spine implant procedures.
Fastest Growing Market
Advent of new technologies, growing ageing population, increasing prevalence of chronic disease, favorable regulatory framework, and high per capita income are some key factors influencing the market growth.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.