Asia-Pacific General Surgical Devices Market was worth $1.20 billion in 2016 and estimated to reach $2.16 billion by the end of 2021 at CAGR of 12.40%
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“Asia-Pacific General Surgical Devices Market" research report, published by Market Data Forecast estimates that the market is growing at a CAGR of 12.40% to reach USD 2.16 billion by 2021, from USD 1.20 billion in 2016, which amounts to a cumulative growth of USD 0.96 billion.
General surgical devices are especially designed instruments to perform specific operations either for viewing or treating patients. Over a span of time, many devices have been established for generally using it or for carrying out a specific procedure in a surgery.
Surgical devices have to be carefully used by surgical technologist, nurse, surgeon or a radiographer as they are used to perform the procedures on patients directly.
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Internationally, North America is estimated to be leading the Global general surgical devices market.
The report also presents detailed analysis of multitude of factors affecting the diagnostic imaging market bearing either positive or negative outcomes. Some of those factors are
- Increasing prevalence of various chronic diseases,
- Rise of aging population,
- Improving healthcare infrastructure and technology in developing markets,
- Demand for plastic surgeries is increasing,
- Lack of skilled professionals,
- Improper reimbursement of surgical devices.
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For granular level understanding the General Surgical Devices Market is segmented based on type, technology and end-users, each being provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Type the market is segmented as Callipers, Forceps, Suction Tubes, Scissors, Probes, Handles, Needle Holder, Speculums, Clamps, Distractors, Retractors, Tendon Strippers, Clips, Sutures, Catheters, Approximators and others. Based on Technology the market is further segmented as Electrosurgical Equipment, Wireless Surgical Equipment, and Manual Surgical Equipment.
Based on Application it is furthermore segmented into clinics, hospitals and others.
India and China are the major economies which have unexplored customer base covered in the study. The report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific.
Asia-Pacific general surgical devices market is highly sensitive to the economic downturn which led to reduction in hospital budgets.
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Some of the key players that operate in the Asia-Pacific General Surgical Devices market include Zimmer Holdings Inc., Alcon Laboratories Inc., Stryker Corporation, Boston Scientific Corporation, Johnsons And Johnsons, Medtronic Plc., KLS Martin Group and Smith & Nephew PLC. With due consideration to technological advancements and end-user preferences among the key players is increasing.
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The Asia- Pacific General Surgical Devices market report offers wide-range of scope:
- Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
- Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, technology, end-user along with market size forecasts and y-o-y estimations
- Detailed explanation of major drivers, restraints, opportunities, and challenges(DROC) that affect the market and impact the ever-shifting market dynamics
- Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
- Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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