Surgical Equipment Market to 2018 - Increased Access to Ambulatory Surgical Centers to Drive Outpatient Surgery Volumes
1. Surgical Equipment Market to 2018 - Increased Access to
Ambulatory Surgical Centers to Drive Outpatient Surgery
Volumes
Report Details:
Published:September 2012
No. of Pages:
Price: Single User License – US$3500
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 market 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.
2. •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
Additional Information
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.
This new research 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 is 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.
3. 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.
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Major points covered in Table of Contents of this report include
1 Table Of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Executive Summary 11
2.1 The Global Surgical Equipment Market to Exceed $7 billion by 2018 11
2.2 Popularity of Minimally Invasive Surgical Procedures is Increasing across the World 12
2.3 Increase in the Number of Surgical Procedures to Drive the Demand for Surgical Equipment
12
2.4 Increase in Outpatient Surgery is a Major Growth Driver for the Surgical Equipment Market 13
3 Introduction 15
3.1 GBI Research Guidance 15
4 Surgical Equipment: Market Characterization 17
4.1 Global Surgical Equipment Market, Revenue ($ billion), 2004–2011 17
4.2 Global Surgical Equipment Market, Revenue ($ billion), 2011–2018 18
4.3 Global Surgical Equipment Market, Key Company Share (%), 2011 20
4.4 Global Surgical Equipment Market, Key Trends 21
4.4.1 Shift to Minimally Invasive Surgical Procedures is a Growing Trend in Healthcare Sector 21
4.4.2 Increased Utilization of Electrosurgical Devices in Surgical Procedures across the World 22
4.4.3 Automated Suturing Devices Preferred over Conventional Suturing 22
4.5 Surgical Equipment, Market Dynamics 23
4.5.1 Market Drivers 23
4.5.1.1 Increase in Surgical Procedures to Drive Growth of the Surgical Equipment Market 23
4.5.1.2 Emerging Countries to Drive the Growth of the Surgical Equipment Market 25
4.5.1.3 Increasing Percentage of Elderly in Populations across the World to Drive Surgical
Equipment Market Growth 29
4.5.1.4 Increase in the Number of Outpatient Surgeries to Drive the Growth of the Surgical
Equipment Market 30
4. 4.5.2 Market Restraints 32
4.5.2.1 Healthcare Budget Constraints in Developed Countries to Deter Market Growth 32
4.5.2.2 Pricing Pressure Due to Group Purchasing Organizations to Deter Market Growth 36
5 Global Surgical Equipment Market: Category Analysis and Forecasts 38
5.1 Surgical Sutures Market, Global, Revenue ($ billion), 2004 –2011 38
5.2 Surgical Sutures Market, Global, Revenue Forecast ($ billion), 2011–2018 40
5.3 Surgical Sutures Market, Global, Company Shares (%), 2011 41
5.4 Surgical Sutures: Market Dynamics 43
5.4.1 Market Drivers 43
5.4.1.1 Increasing Focus on Aesthetics will Drive the Demand for High Priced Absorbable Sutures
43
5.4.1.2 Adoption of Automatic Suturing Devices to Drive the Surgical Sutures Market 46
5.4.2 Market Restraints 46
5.4.2.1 Alternative Methods of Surgical Wound Closure to Slow the Adoption Rate of Surgical
Sutures 46
5.4.2.2 Growing Demand for Minimally Invasive Surgical Procedures to Slow Down the Usage
Rate of Sutures 47
5.5 Hand Instruments Market, Global, Revenue ($m), 2004–2011 48
5.6 Hand Instruments Market, Global, Revenue Forecast ($m), 2011–2018 49
5.7 Hand Instruments Market, Global, Company Shares (%), 2011 51
5.8 Hand Instruments: Market Dynamics 52
5.8.1 Market Drivers 52
5.8.1.1 Increase in Number of Outpatient and Inpatient Surgical Procedures to Drive the Demand
for Hand Instruments 52
5.8.2 Market Restraints 53
5.8.2.1 Increased Competition, Low Rate of Replacement and Market Maturation to Affect the
Market Growth 53
5.9 Electrosurgical Devices Market, Global, Revenue ($m), 2004–2011 53
5.10 Electrosurgical Devices Market, Revenue ($m), 2011–2018 55
5.11 Global Electrosurgical Devices Market, Global, Company Shares (%), 2011 56
5.12 Electrosurgical Devices: Market Dynamics 58
5.12.1 Market Drivers 58
5.12.1.1 Innovative Products to Drive the Electrosurgical Devices Market 58
5.12.1.2 Increase in the Number of Cosmetic Surgery Procedures to Drive the Demand for the
Electrosurgical Devices Market 60
5.12.2 Market Restraints 61
5.12.2.1 Low Replacement Rates of Electrosurgical Generators to Deter Market Growth 61
5.12.2.2 Low Level of Awareness about the Effectiveness of Electrosurgical Techniques to Impede
Market Growth 62
6 Global Surgical Equipment Market: Country Analysis and Forecasts 63
6.1 Surgical Equipment Market: Cross-Country Analysis 63
6.2 Historic and Forecast Revenue, by Country, 2004–2018 64