(Australia-NewsWire.Com, February 09, 2018 ) Surgical device is a designed tool for performing specific actions of carrying out a particular task during a surgery or operation, like provide access for viewing it. They are used in the areas of neurology, urology, orthopedics, cardiovascular medicine, obstetrics, gynecology, etc. These tools are mainly used in small clinics, hospitals, and other places.
General surgical devices market is primarily driven by the factors such as rising demand due to rising number of surgical procedures with rising prevalence & incidence of various chronic diseases accompanied by increasing ageing population. Moreover, increasing healthcare expenditure, increasing demand for technologically advanced minimal invasive surgical procedures and rising demand for plastic and reconstructive surgery are further expected to boost to the market growth during the forecast period. However, price competition in the industry is one of the factors holding back the growth. Stringent government regulations and lack of proper reimbursement for surgical equipment may also hamper the market growth during the forecast period.
The Asia-Pacific General surgical devices market is segmented based on type as Callipers, Forceps, Suction Tubes, Scissors, Probes, Handles, Needle Holder, Speculums, Clamps, Distractors, Retractors, Tendon Strippers, Clips, Sutures, Catheters, Approximators and others. By technology, it has been segmented into Electrosurgical Equipment, Wireless Surgical Equipment, Manual Surgical Equipment. Further, based on the end-users, they have been segmented into clinics, hospitals and others.
On the basis of geography, the Asia-Pacific market is analyzed under various regions namely India, China, Japan, Australia and South Korea. Electrosurgical devices segments is expected to register the fastest growth during the forecast period owing to the rising demand for these devices among growing number of minimal invasive surgical procedures. Asia-pacific region is expected to experience significant growth due to advancing medical tourism industry, increasing willingness to undergo surgical procedures, increase in prevalence of chronic diseases that require surgical procedures and improving healthcare infrastructure.
The key players in this market include Medtronic Plc., Stryker Corporation, Johnsons And Johnsons, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew PLC, Zimmer Holdings Inc., Boston Scientific Corporation, B. Braun Melsungen AG, KLS Martin Group, Olympus Corporation, Applied Medical Resources Corporation, Microline Surgicals, Inc., Karl Storz GmbH & Co. Kg, Cook Medical Incorporated, and Teleflex Incorporated.
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