Surgical Instruments Market 2021 Industry Research, Business Growth, Future Investment and Emerging Trend to 2030

In a recent published report, Kenneth Research has updated the Market report for Surgical Instruments Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Surgical Instruments Market Products.

Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10083859

The medical device market is a thriving segment of the healthcare industry in India. Rise in the number of hospitals and increasing requirement of healthcare facilities on account of the changing demographics and increasing lifestyle diseases is creating a need for medical devices of all types ranging from simple instruments to the most sophisticated devices and equipments that work on complex mechanisms. The market for surgical instruments is also showing the same trend and is growing at a steady pace. Unlike the market for other medical devices where multinationals dominate, in the case of surgical instruments, a large number of domestic manufacturers exist. The market is also not import dependent unlike in the case of most other devices but is an export earner. The growing target base of consumers is expected to boost sales and the market is expected to exhibit steady growth in future.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The report begins with an introduction section which provides a brief description of surgical instruments and their uses. The market overview section provides an insight into the market and highlights the market size and growth. A section on the import and export of various surgical instruments has been given in the next section. It provides the value-wise and volume-wise import and export figures for six different categories of surgical instruments.

This is followed by an analysis of the drivers leading to growth in the market. This includes increasing surgical procedures, improving hospital infrastructure, growing medical tourism, increasing lifestyle diseases, changing demographic structure and increasing healthcare spending. The key challenges that act as an impediment to growth in this market are improper sterilization procedures and reluctance to use by medical centers. The next section deals with the various trends in surgical procedures over the years. These surgical trends include powered surgical tools, minimally invasive surgeries and robotic surgeries.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10083859

The competition section provides an overview of the competitive landscape in the industry and includes a detailed profile of the major players in the market. The Porter’s Five Forces analysis for the surgical instruments market is provided in this section. A summary of the major players operating in the market has also been provided in the form of a bubble chart. It also includes the list of products and services, key people, financial snapshot, key ratios and key recent developments for the major players. For public companies, their key business segments and key geographic segments have also been provided.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

For More Reports:
Global Augmented Reality and Virtual Reality Market
Asia-Pacific Material Handling Robotics Market
Europe Material Handling Robotics Market
North America Material Handling Robotics Market
Global Material Handling Robotics Market

About Kenneth Research:

Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.

Contact Us

Name: Kenneth research

Email: [email protected]

Phone: +1 313 462 0609

Christophe Rude
Christophe Rude
Articles: 15874