LONDON--(BUSINESS WIRE)--The global surgical cutting devices market is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio.
The prevalence of chronic conditions such as diabetes, cardiac conditions, and cancers has been increasing significantly across the world. Patients with these diseases are often required to undergo surgeries, which increases the demand for surgical cutting devices. Furthermore, the development of advanced products with improved surgical precision is expected to fuel the growth of the surgical cutting devices market during the forecast period.
As per Technavio, the focus of end-users to opt for improved healthcare infrastructure will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global surgical cutting devices market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Surgical Cutting Devices Market: Focus of End-Users to opt for Improved Healthcare Infrastructure
Healthcare centers across the world are focusing on improving the healthcare infrastructure by adopting advanced devices that can increase surgical efficacy. In recent times, hospitals and ASCs have started to adopt robotic surgical platforms and surgical navigation systems. They are also opting for hybrid and integrated operating rooms for better imaging quality while performing laparoscopic surgery. Thus, the growing adoption of such advanced technologies will help healthcare centers offer better services, which, in turn, will boost the surgical cutting devices market growth during the forecast period.
“Apart from the growing focus of end-users on improving healthcare infrastructure, other factors such as the adoption of innovative business strategies, and the growing demand for single-use surgical cutting devices will have a significant impact on the surgical cutting devices market growth during the forecast period,” says a senior analyst at Technavio.
Global Surgical Cutting Devices Market: Segmentation Analysis
This market research report segments the global surgical cutting devices market by product (trocars, scissors, and scalpel and blades) and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the surgical cutting devices market in 2018, followed by Europe, Asia, and ROW, respectively. The surgical cutting devices market report attributes North America’s dominance to several factors such as the increase in a number of surgical cases, the presence of reimbursement policies, and the increase in product launches.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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