General Surgery Devices Market - In Depth Analysis by Application and By TypePosted by Ryan Shaw on July 3rd, 2019 The global General Surgery Devices Market size is expected to reach USD 26.5 billion by 2026 registering a CAGR of 8.5%, according to a new report by Grand View Research, Inc. Increasing number of surgical procedures being performed coupled with technological advancements is anticipated to drive the market. Moreover, rising awareness and patient affordability for plastic or reconstructive surgeries would propel the number of procedures conducted during the forecast period. Global health initiatives for the advanced surgical procedure is expected to boost the market. In January 2017, Ethiopia Federal Ministry of Health (FMOH) launched the Health Sector Transformation Plan (HSTP) and Safe Surgery (SaLTS) program that prioritizes safe surgery and makes anesthesia care and emergency surgical services accessible and affordable. Technological advancements are also contributing to the market growth. Several key companies are investing in R&D for the development of innovative products. For instance, development of medical robots to assist surgeons is a key advancement in the field. Medical robots offer several advantages, such as a 3D view of the operating field, reduced blood loss & transfusions, lower risk of infection, faster recovery time, minimal scarring, and high precision. Furthermore, growing aging population and cases of road accidents and increased healthcare expenditure in emerging economies are likely to boost the market during the forecast period. According to the WHO, the world’s population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. Geriatric population is more susceptible to a number of diseases, which is likely to increase the need for effective treatments, thereby driving the market. To request a sample copy or view summary of this report, click the link below: Further key findings from the study suggest:
Grand View Research has segmented the global general surgery devices market on the basis of type, application, and region: General Surgery Devices Type Outlook (Revenue, USD Million, 2015 - 2026)
General Surgery Devices Application Outlook (Revenue, USD Million, 2015 - 2026)
General Surgery Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)
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