Surgical Kits Market - Growth, Trends and Forecasts 2020-2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Surgical Kits Market - Growth, Trends and Forecasts 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The surgical kits market is expected to witness robust growth due to the rising prevalence of chronic diseases, and an increasing number of minimally invasive surgeries across the world.

According to the American Society of Plastic Surgeons, nearly 1.8 million surgical cosmetic procedures and about 15.5 million minimally invasive surgeries were performed in the United States, in 2018. Hence, the procedures performed have increased hospital admissions, which significantly help in the growth of the market, globally.

Also, there is a rise in the number of surgeries in various regions, such as Europe, Asia-Pacific, etc. The most significant increases were seen in the oldest age groups, which further increases the patient population and leads to an increase in hospital admissions and the growth of the market studied.

The other driving factors also include rising demand for minimally invasive surgeries, the rise in awareness regarding hospital-acquired infection, and the rise in the global geriatric population associated with the increase in the number of surgeries.

Key Market Trends

Disposable Surgical Equipment Expected to Witness the Highest CAGR in the Near Future

Currently, healthcare professionals are switching from reusable instruments to disposables, to avoid the hazards of improper cleaning and reprocessing of the surgical kits, which pose a threat to the patients.

Moreover, disposable kits are cost-effective compared to the reusable ones, which are beneficial for both healthcare professionals, as well as patients. Currently, hospitals around the world are adopting the disposable surgical instruments. The demand for these instruments is increasing, which may provide a growth opportunity for the surgical kits market in the future.

North America Dominates the Surgical Kits Market

The United States emerged as the key domestic market for surgical kits in North America, on account of the continuous technological developments and the rising uptake of minimally invasive surgeries. The growth in North America was primarily driven by the adoption of new technologies, the growing aging population, favorable regulatory framework, and high per capita income.

Competitive Landscape

The market for surgical kits is highly competitive, with an active presence of the local players. However, a few major players are providing products across all regions, worldwide. Due to the low prices of surgical kits, some new companies are also penetrating the market and are expected to hold a substantial share in the future.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rising Number of Surgical Procedures Worldwide

4.2.2 Rising Demand for Minimally Invasive Surgeries

4.2.3 Rise in the Awareness about Hospital-acquired Infection

4.3 Market Restraints

4.3.1 High Cost of Surgical Procedures

4.3.2 Unfavorable Regulatory Scenario

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Product

5.1.1 Surgical Sutures & Staplers

5.1.2 Handheld Surgical Devices

5.1.2.1 Forceps & Spatulas

5.1.2.2 Retractors

5.1.2.3 Dilators

5.1.2.4 Graspers

5.1.2.5 Auxiliary Instruments

5.1.2.6 Others

5.1.3 Electrosurgical Devices

5.2 By Type

5.2.1 Disposable Surgical Equipment

5.2.2 Reusable Surgical Equipment

5.3 By Application

5.3.1 Plastic & Reconstructive Surgeries

5.3.2 Neurosurgery

5.3.3 Urology

5.3.4 Obstetrics & Gynecology

5.3.5 Thoracic Surgery

5.3.6 Orthopedic

5.3.7 Cardiovascular Surgery

5.3.8 Other Applications

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Middle-East & Africa

5.4.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 B. Braun Melsungen AG

6.1.2 Boston Scientific Corporation

6.1.3 Cardinal Health

6.1.4 Johnson & Johnson

6.1.5 Kimberly-Clark Corporation

6.1.6 Medtronic PLC

6.1.7 Novartis International AG (Alcon Laboratories Inc.)

6.1.8 Stryker Corporation

6.1.9 Smith & Nephew PLC

6.1.10 Zimmer Biomet

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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