Market Highlights
A surgical equipment is a designed tool or device to carry
out various surgical procedures so as to modifying biological tissues and to
provide access for viewing them. The surgical equipment can be designed
specifically for a particular surgery or it can be used as general purpose
equipment. Increasing global burden of the diseases like Parkinson’s disease,
heart disease, cancer, and others followed by growing geriatric population and
rising healthcare expenditures facilitates the market growth during the forecast
period. In 2017, according to the World Health Organization, cancer was the
second leading global cause of deaths, and was responsible for about 8.8
million deaths in 2015. Moreover, it was established that ~70% of the deaths
due to cancer occur in low- and middle-income countries. However, high cost of
the devices, shortage of skilled labor and strict regulatory policies are the
major restraints for the market growth.
Segmentation
The EMEA
surgical equipment market is segmented on the basis of product type,
application, and end users.
On the basis of product type, the market is segmented into
surgical sutures and staples, handheld surgical equipment, electrosurgical
devices, electrosurgical devices, and others. The handheld surgical equipment segment
is sub-segmented into forceps and spatulas, retractors, dilators, graspers,
auxiliary instruments, cutter instruments, electrosurgical devices, and others.
The auxiliary instrument sub-segment, by handheld surgical equipment segment,
is further segmented into clamps, cannulas, closure devices, and others. The
cutter instruments sub-segment, by handheld surgical equipment segment, is
further segmented into trocars, lancets, scissors, and others. The
electrosurgical devices segment is sub segmented into electro surgical
generators, bipolar instruments, and monopolar instruments. The bipolar
instruments sub-segment, by electrosurgical devices segment, is sub segmented
into vessel sealing, forceps, and others. The monopolar instruments
sub-segment, by electrosurgical devices segment, is further segmented into
pencils, electrodes, and others. The bipolar instruments sub-segment, by
electrosurgical devices segment, is sub segmented into vessel sealing, forceps,
and others. The monopolar instruments sub-segment, by electrosurgical devices
segment, is further segmented into pencils, electrodes, and others.
On the basis of application, the market is segmented into
neurosurgery, obstetrics and gynecology, orthopedic surgery, cardiovascular
surgery, and others.
On the basis of end users, the market is segmented into
hospitals & clinics, research organization, academic institutes, and
others.
Regional Analysis
Europe holds the largest share of EMEA surgical equipment
market. Availability of funds for research, huge patient population and
government support for research & development drives the European market.
Moreover, presence of the developed economies like the Germany, and U.K. within
the region fuels the market growth during the forecast period. According to the
Macmillan Cancer Support in 2014, 357 million people in the U.K are diagnosed
with cancer every year. Moreover, by 2020 it is estimated that almost one in
two people (47%) will get cancer at some point in their lives.
On the other hand, the Middle East & Africa has the
least share in the EMEA surgical equipment market due to presence of poor
economy especially in Africa region. Majority of the market of this region is
held by the Middle East due to a well-developed healthcare sector and huge healthcare
expenditure.
Key Players
Smith & Nephew (Europe), B. Braun Melsungen AG (Europe),
Erbe Elektromedizin GmbH (Europe), Ethicon US, LLC. (U.S.), COVIDIEN. (Europe),
CONMED Corporation. (U.S.), Integra LifeSciences Corporation. (U.S.), Valeant.
(Canada), KLS Martin Group (Europe), and others.
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