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(Medical-NewsWire.com, August 14, 2018 ) The report on " General Surgical Devices Market By Type (Approximators, Callipers, Suction Tubes, Scissors, Probes, Handles, Forceps, Needle Holder, Clamps, Distractors, Retractors, Tendon Strippers, Clips, Sutures, Speculums, Catheters, Others), By Technology (Manual Surgical Equipment, Electrosurgical Equipment, Wireless Surgical Equipment,), By End-Users (Clinics, Hospitals, Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)", is published by Market Data Forecast. General Surgical Devices Market was worth $0.91 billion in 2018 and estimated to reach $1.502 billion by the end of 2023 with a CAGR of 10.20%. Increasing demand for plastic and reconstructive surgery, and raising healthcare expenditure are projected towards fuelling the market growth. Other prominent factors attributing the market growth are increasing geriatric population across the globe owing to increase in the prevalence of chronic disorders, and support from the government. Increasing technological advancements coupled with a rise in the number of surgeries by using innovative products is one of the major factors boosting the growth of the market. However, Side effects associated with the usage of products, and lack of awareness about reimbursement policy among individuals are hampering the market growth. Other factors such as high cost and government strict rules and regulations are also hindering the growth of the market.
Browse through 185 Pages and in-depth TOC on "General Surgical Devices Market" <||>rnhttps://www.marketdataforecast.com/market-reports/global-general-surgical-device-market--1440/
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Electrosurgical Equipment segment is expected to dominate the market
The fragmentation of Global General Surgical Devices Market is done on the basis of end-users, type, and technology. On the origin of end-users, the General Surgical Devices Market is classified as clinics, hospitals, and others. Based on technology, the market is segregated into Manual Surgical Equipment, Electrosurgical Equipment, and Wireless Surgical Equipment. Electrosurgical devices segment from technology is estimated to be the fastest segment of the market.
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Surgical sutures and staplers segment approximated for the largest share of the market
Under the categorization of type, the surgical devices market is bifurcated into Sutures, Callipers, Catheters, Probes, Distractors, Forceps, Approximators, Needle Holder, Scissors, Clips, Suction Tubes, Tendon Strippers, Speculums, Retractors, Handles, Clamps, and others. Surgical sutures segment from the type of surgical devices market is anticipated the largest market share.
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North America dominated the market share.
By geography, the Global surgical devices market is studied in Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. North America accounted for the largest share of the surgical devices market in 2016, followed by Europe. North America accounts the largest market share owing to increasing ageing population, development of new technologies and high disposable income among individuals. The Asia Pacific predicted to estimate the highest growth owing to increase in the prevalence of chronic disorders and growing healthcare expenditure among people.
Some of the prominent firms of surgical devices market include Karl Storz GmbH & Co. Kg, Medtronic Plc., Applied Medical Resources Corporation, Zimmer Holdings Inc., Smith & Nephew PLC, Johnsons And Johnsons, Olympus Corporation, Teleflex Incorporated, KLS Martin Group, Conmed Corporation, Cook Medical Incorporated, Alcon Laboratories Inc., B. Braun Melsungen AG, Stryker Corporation, Boston Scientific Corporation, Microline Surgicals, Inc.
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