Americas Surgical Equipment Market Scope –
The Americas Surgical Equipment Market is expected to reach USD 21,937.8 million by 2030, growing at an 8.5% CAGR during the forecast period 2022-2030.
The Americas Surgical Equipment Market presents a dynamic landscape marked by technological advancements and growing healthcare demands. With a diverse range of surgical procedures on the rise, the market is witnessing a surge in demand for cutting-edge equipment.
North America, dominated by the United States, holds a significant share, driven by robust healthcare infrastructure and increasing surgical interventions. South America is also contributing to market growth as healthcare facilities improve. Key players are focusing on innovation, aiming to enhance precision and efficiency in surgical procedures. Factors like aging populations and a rise in chronic diseases further underscore the region's reliance on advanced surgical equipment.
Market Segmentation
The segmentation of the Americas Surgical Equipment Market outlook is structured based on product type, application, and end users. In terms of product type, the market exhibits categories such as surgical sutures & staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. Surgical sutures & staplers further branch into absorbable and non-absorbable sutures, while handheld instruments include subsegments like forceps, sutures, visual scopes, and others.
Electrosurgical devices are categorized into Electrosurgical instruments (such as HET bipolar system, electrosurgical pencils, smoke evacuation system, and others) and electrosurgical generators. Application-wise, the market encompasses neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others. The end-user segmentation includes government hospitals, private hospitals, and other healthcare facilities.
Regional Analysis
The Americas Surgical Equipment Market anticipates robust growth, propelled by the introduction of advanced devices, an expanding number of healthcare organizations, and a growing geriatric population. Factors such as the increasing prevalence of diseases and disorders, government initiatives, and high healthcare spending further contribute to market expansion. According to the Centers for Disease Control and Prevention, in 2012, approximately half of all adults had one or more chronic health conditions, with one in four adults experiencing two or more chronic health conditions.
The significant presence of patients suffering from cardiovascular diseases has also bolstered market growth. North America commands a substantial share in the Americas surgical equipment market, driven by a well-developed healthcare infrastructure and a sizable geriatric population. The United States and Canada emerge as the major contributors to the North America surgical equipment market. Meanwhile, South America, although having a smaller market share, is witnessing growth in this sector.
Key Players
Leading participants in the Americas Surgical Equipment Market report include Smith & Nephew from the UK, B. Braun Melsungen AG based in Germany, Ethicon US, LLC. from the United States, Erbe Elektromedizin GmbH headquartered in Germany, COVIDIEN operating out of the US, CONMED Corporation also based in the US, MEDICON situated in the US, Integra LifeSciences Corporation from the US, Synergetics USA, Inc. based in the US, Stryker Corporation operating in the US, KARL STORZ & Co. from the US, and KLS Martin headquartered in Germany. These key players play a pivotal role in shaping and driving the advancements within the Americas Surgical Equipment Market.
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