Surgical Kits Market report provides emerging market drivers, challenges, opportunities for Surgical Kits Industry. It focuses on the latest trends and recent developments of Surgical Kits Industry. Surgical Kits market report will help you to know each and every fact of keyword industry. Surgical Kits market also covers growth potential, market size, demand by buyer and suppliers and forecast details.
Surgical Kits Market is expected to grow at a CAGR of 8.3% during the forecast period.
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The surgical kits market is expected to grow at a CAGR of 8.3%. The surgical kits market is expected to witness a robust growth due to the rising prevalence of chronic diseases, increasing number of minimally invasive surgeries across the globe is anticipated to accelerate the market growth.
Rising Number of Surgical Procedures across the Globe Boosts the Growth of Surgical Kits Market
According to the American Society of Plastic Surgeons, nearly 1.8 million surgical cosmetic procedures and about 15.5 million minimally invasive surgeries were being performed in the US in 2015. Hence, the procedures performed has increased the hospital admissions and procedures significantly that helps in the growth of the market globally. Thus the rise in surgical procedures across the globe has seen a significant increase in the uptake of surgery for all age groups. The most significant increases were seen in the oldest age groups, which increases the patient populations and leads to the increase in hospital admissions and the growth of surgical kits market.
The other driving factors also include growing demand for minimally invasive surgeries, the rise in awareness about hospital-acquired infection and the global rise in geriatric population associated with the increase in the number of surgeries.
High Cost of Surgical Procedures
The high cost involved in the surgeries and the absence of proper reimbursement structure in emerging economies may hamper the growth of the surgical kits market in the coming years. The hospital stays are most expensive in the US. The rising cost of surgical procedures leads to the patient to opt for alternative treatment medications. The hospital stays are also expensive in the US as compare to other geographical regions. As per the report published by Healthcare Cost and Utilization Project (HCUP) the average hospital stay in the US costs around USD 10,000. Some surgeries may take a longer duration of hospital stay to heal the patient properly. Thus, the rising cost of surgical procedures and hospital stay will impede the growth of the market over the forecast period. and the other factors which hinder the market growth is unfavorable reimbursement scenario.
North America Dominates the Surgical Kits Market
The US has emerged as the key domestic market for the 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 and Europe was primarily driven by advent of new technologies, growing aging population, favorable regulatory framework, and high per capita income.
Key Developments in the Surgical Kits Market
Mar 2017: Ethicon and Depuy Synthes Introduce Customized Wound Closure Kits Aiming to Improve Efficiencies and Patient Outcomes in Orthopaedic Surgery
Surgical Kits Market Major Players: B. Braun Melsungen AG, Boston Scientific Corporation, Cardinal Health, Johnson & Johnson, Kimberly-Clark Corporation, Medtronic PLC., Novartis International AG (Alcon Laboratories Inc.), Stryker Corporation, Smith & Nephew PLC and Zimmer Biomet among others.
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Global Surgical Kits Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):
- North America: United States, Canada and Mexico
- Europe: Germany, UK, France, Italy, Russia, Spain and Benelux
- Asia Pacific: China, Japan, India, Southeast Asia and Australia
- Latin America: Brazil, Argentina and Colombia
- Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Surgical Kits Market Dynamics
Browse Detailed TOC, Tables, and Other Details of Surgical Kits Market Report @ https://www.absolutereports.com/global-surgical-kits-market-segmented-by-product-surgical-sutures-and-staplers-handheld-surgical-devices-type-disposable-surgical-equipment-reusable-surgical-equipment-application-geography-growth-trends-and-forecasts-2018-2023–13079015
Surgical Kits Market Covers Following Points in TOC:
Chapter 1: Surgical Kits Market Definition
Chapter 2: Research Methodology of Surgical Kits Market
Chapter 3: Surgical Kits Market Executive Summary
Chapter 4: Surgical Kits Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
Chapter 6: Surgical Kits Market Segmentation by Types, End-User, and Applications Forecast to 2023
Chapter 7: Surgical Kits Market Segmentation by Geographical Regions
Chapter 8: Competitive Landscape of Surgical Kits Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
Chapter 9: Key Players for Surgical Kits Market
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