Sterile Disposable Surgical Instruments Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2015 – 2020) and Forecast (2021 – 2027)

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Global Sterile Disposable Surgical Instruments Market: By Instrument Type (Surgical Sutures & Staples, Handheld Surgical Equipment, Electro Surgical Equipment, and Others), By Application (Hospitals, Clinics, and Others), and Geography

 

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Description

Global Sterile Disposable Surgical Instruments Market Report Description:

 

Global sterile disposable surgical instruments market report gives inclusive outlook on sterile disposable surgical instruments across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global sterile disposable surgical instruments market gives historical, current, and future market sizes (US$ Mn) on the basis of instrument type, application, and region. This report studies global sterile disposable surgical instruments market dynamics elaborately to find the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Additionally, report includes competition analysis with richly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global sterile disposable surgical instruments market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, and marketers, policy makers engaged in global sterile disposable surgical instruments products.

 

The market estimated to be valued US$ XX Mn in 2020 and poised to grow at significant CAGR over 2020-2026 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.

 

Technological Advancement Enhances Market Growth

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.

 

North America Accounts for Larger Market Revenue Share in Global Sterile Disposable Surgical Instruments Market

North America accounted for larger revenue share in the global market with significant CAGR owing to technological advancement in the healthcare sector and mounting research and developmental activities. Moreover, rising prevalence of chronic diseases such as heart and neurological disorders are streaming the growth of sterile disposable surgical instruments market in the forecast period. For instance, according to Center for Disease Control one in every four deaths in USA is due to heart disease. The Europe market accounted for a substantial share in global market due to the increasing prevalence of chronic diseases among the European population. According to European Cardiovascular Disease Statistics 2017, cardiovascular diseases cause 3.9 million deaths annually in Europe. Moreover, expansion of healthcare infrastructure, and upsurge in disposable income in countries such as U.K, Germany etc. are also fueling the market growth in Europe region. Asia Pacific sterile disposable surgical instruments market expected to grow at a momentous rate in the forecast period due to their continuous growing population, increase in the frequency of road accidents, and technological advancements. As per National Crime Records Bureau (NCRB), 496,762 roads, railways and railway crossing-related traffic collisions occurred in India in 2015.

 

Competition Assessment

Key player’s profiles in the global sterile disposable surgical instruments market include:

  • Accutome (USA)
  • ECA Medical Instruments (Canada)
  • BD Medical (New Jersey)
  • Exelint International (Florida)
  • AIShifa (Soudi Arabia)
  • WEGO (China)
  • KLS (USA)
  • Medsuyun (China)
  • Wealy (China)
  • Jichun (China)
  • Hunan Pingan Medical Devices (China)

 

The global market is surging owing to frequent acquisitions, product launch, and collaborations by the market players. For instance, in November 2017, ECA Medical Instruments launched its product “Cervical-One” which is a single-procedure instrument set for use in one and two-level cervical spine implant procedures.

 

Key Findings of the Report:

 

  • Global sterile disposable surgical instruments market expanding at significant CAGR over 2020 to 2026 owing to launch of newer products into market
  • Based on application, hospital segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global sterile disposable surgical instruments market

 

Detailed Segmentation

 

By Instrument Type

 

By Application

  • Hospitals
  • Clinics
  • Others

 

Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2015 – 2019) and Forecast (2020 – 2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX