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The Global Surgical Equipment Market to Grow At A CAGR Of 6.25 Percent over the Period 2012-2016
Date:8/8/2013

DUBLIN, August 8, 2013 /PRNewswire/ --

Research and Markets
( http://www.researchandmarkets.com/research/57gt8j/global_surgical) has announced the addition of the "Global Surgical Equipment Market 2012-2016" report to their offering.

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769)

One of the key factors contributing to this market growth is the increasing demand for minimally invasive surgery. The Global Surgical Equipment market has also been witnessing vendors shifting to absorbable sutures. However, the slow growth of the Surgical Equipment market in the US could pose a challenge to the growth of this market.

The key vendors dominating this market space are Becton Dickinson and Company, Boston Scientific Corp., Covidien Plc, Ethicon Inc., and Medtronic Inc.

The other vendors mentioned in the report are B. Braun Melsungen AG, MEDICON eG, ERBE Elektromedizin GmbH, Conmed Corp., Integra LifeSciences Corp., Codman and Shurtleff Inc., and KLS Martin Group GmbH and Co. KG.

Commenting on the report, an analyst from TechNavio's Healthcare team said: ''Most of the vendors are developing advanced devices to increase their market share because of the increased competition among vendors in the Global Surgical Equipment market. For instance, in 2010 Ethicon Inc. introduced its OMNEX Surgical Sealant, which is faster than oxidized regenerated cellulose. Moreover, CryoLife Inc. has introduced PerClot, which is a synthetic absorbable modified polymer to be used as a hemostat in surgical procedures. Further, Covidien plc has introduced V-Loc 90 and 180 knotless wound closure devices for rapid suturing by eliminating the need for knot tying. Covidien has also introduced DuraSeal spine sealant and VascuSeal.''

According to the report, one of the major growth factors driving the global surgical equipment market is the increasing demand for minimally invasive surgeries worldwide. Minimally invasive surgeries offer numerous benefits to patients as well as surgeons such as faster recovery, less infection post-surgery, less pain, reduced visible marks, bleeding control, and enhanced accuracy.

Further, the report reveals that one of the major challenges is the slow growth of the Surgical Equipment market in the US.

Companies Mentioned

Becton Dickinson and Company, Boston Scientific Corp., Covidien Plc, Ethicon Inc., Medtronic Inc., B. Braun Melsungen AG, MEDICON eG, ERBE Elektromedizin GmbH, Conmed Corp., Integra LifeSciences Corp., Codman & Shurtleff Inc., KLS Martin Group GmbH & Co. KG.

For more information visit http://www.researchandmarkets.com/research/57gt8j/global_surgical

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Medical Devices


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