Minimally Invasive Surgery is Boosting Outpatient Procedures
More and more surgical procedures are being performed globally every year, driving the demand for new and improved surgical equipment, states a new report by healthcare experts GBI Research.
The new report* shows that this increase in surgical procedures is due to improving healthcare infrastructure in emerging countries, increasing cases of lifestyle diseases and technological innovations boosting the possible workload of surgeons.
According to the Centre for Disease Control (CDC), approximately 48 million surgical procedures are performed in the US each year, while emerging countries such as India and China hold huge future potential for surgery due to increased healthcare expenditure and huge patient populations. The spread of westernised living standards has led to a worldwide increase in diseases such as obesity, lung cancer, cardiovascular diseases and kidney disorders, expanding the patient population eligible for surgery.
Accessibility, affordability and patient comfort are also driving up demand for outpatient procedures. Outpatient surgery are found to be more cost-effective than inpatient surgeries, as they eliminate hospitalization costs, minimize the time spent in the operating theatre, and cut costs for staffing and travel.
Advances in anesthesia, surgical techniques and devices, have changed the way surgery is performed. Minimally Invasive Surgeries (MIS) can be applied to most surgical specialties, such as neurology, cosmetic, cardiothoracic, ophthalmology, orthopedic, urology, vascular and dentistry. MIS offer several benefits such as reduced post-operative pain, less visible scarring, faster recovery, reduced risk of infection, reduced bleeding, and improved accuracy. The use of laparoscopes means that surgeries such as hernia repairs and gallbladder and appendix removals can be carried out in outpatient settings, while laser vision correction is a popular outpatient procedure that also relies on new technology.
A growth in the number of Medicare-certified Ambulatory Surgical Centers (ASCs) in the US is also driving the demand for surgical equipment. ASCs have resulted in an improved accessibility resulting in an increased number of surgeries.
The increasing volume of surgical procedures being carried out is resulting in a growing demand for surgical equipment such as surgical sutures, electrosurgical devices and hand instruments. The global market for surgical equipment is therefore forecast to exceed $7 billion by 2018, following growth at a Compound Annual Growth Rate (CAGR) of 4.2% during 2011-2018.
Surgical Equipment Market to 2018 - Increased Access to Ambulatory Surgical Centers to Drive Outpatient Surgery Volumes
The report provides market landscape, competitive landscape and market trends information on the three surgical equipment market categories: surgical sutures, hand instruments and electrosurgical devices. It gives comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape, giving a detailed analysis of the pipeline products in each category, and also reviews details regarding important merger and acquisition deals that have taken place in the global surgical equipment market.
The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
Abstract
Surgical Equipment Market to 2018 - Increased Access to Ambulatory Surgical Centers to Drive Outpatient Surgery Volumes
Summary
GBI Research's report, "Surgical Equipment Market to 2018 - Increased Access to Ambulatory Surgical Centers to Drive Outpatient Surgery Volumes" provides key data, information and analysis on the global surgical equipment market. The report provides market landscape, competitive landscape and market trends information on the three surgical equipment market categories: surgical sutures, hand instruments and electrosurgical devices. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape and gives a detailed analysis of the pipeline products in each category. The report also reviews details regarding important merger and acquisition deals that have taken place in the global surgical equipment market. This report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Research's team of industry experts.
Scope
Key geographies of the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia and Brazil
Market size data for the three surgical equipment market categories of: surgical sutures, hand instruments and electrosurgical devices
Annualized market revenues data, forecasts for seven years through to 2018, as well as company share data for 2011
Qualitative analysis of key market trends for the surgical equipment market
Information on the leading market players, the competitive landscape, and the leading technologies in the market
Reasons to buy
Develop business strategies by understanding the trends and developments that are driving the surgical equipment market globally.
Design and develop your product development, marketing and sales strategies
Exploit M&A opportunities by identifying market players with the most innovative pipelines
Develop market-entry and market expansion strategies
Identify key players best positioned to take advantage of the emerging market opportunities
Exploit in-licensing and out-licensing opportunities by identifying products most likely to ensure a robust return
What's the next big thing in the surgical equipment market landscape? - Identify, understand and capitalize
Make more informed business decisions from the report's insightful and in-depth analysis of the global surgical equipment market and the factors shaping it
Table of Contents
TOC
1 Table of Contents
1 Table of Contents 6
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 11
3 Surgical Equipment: Market Characterization 12
3.1 Global Surgical Equipment Market, Revenue ($ billion), 2004-2011 12
3.2 Global Surgical Equipment Market, Revenue ($ billion), 2011-2018 13
3.3 Global Surgical Equipment Market, Key Company Share (%), 2011 14
3.4 Global Surgical Equipment Market, Key Trends 15
3.4.1 Shift to Minimally Invasive Surgical Procedures is a Growing Trend in Healthcare Sector 15
3.4.2 Increased Utilization of Electrosurgical Devices in Surgical Procedures across the World 15
3.4.3 Automated Suturing Devices Preferred over Conventional Suturing 16
3.5 Surgical Equipment, Market Dynamics 17
3.5.1 Market Drivers 17
3.5.2 Market Restraints 23
4 Global Surgical Equipment Market: Category Analysis and Forecasts 27
Figure 47: Hand Instruments Market, Pipeline Products, by Development Stage 78
Figure 48: Electrosurgical Devices, Pipeline Products, by Development Stage, 2012 82
Figure 49: Surgical Equipment Market, Mergers and Acquisitions, Number of Deals, Global, 2010-2011 87
Surgical Equipment Market to 2018 - Increased Access to Ambulatory Surgical Centers to Drive Outpatient Surgery Volumes published by GBI Research in September 11, 2012. This report consists of Pages: 93 and the price starts from US $ 3500.
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