Surgical Devices Market was Valued at US.23 Bn in 2018Posted by venkatakiran on October 7th, 2019 Global Surgical Devices Market was Valued at US$18.23 Bn in 2018, Rising Demand for Minimally Invasive Surgeries Analyst Speak:
“The Global Surgical Devices Market was valued around US$ 18.23 Bn by 2018 and growing at a significant CAGR of 11.5% over next seven years 2019-2025 owing to increasing demand minimally invasive surgeries” The global surgical devices market accounted for US$ 18.23 Bn in 2018 and burgeoning over the forthcoming years. Some of the key factors favoring the market growth are rising demand for minimally invasive surgeries among patients, growing number of patients with cardiac related diseases, gastrointestinal diseases and technological advancements in surgeries. However, stringent government regulations and lack of proper reimbursement provided for these devices are hampering the market growth. Global surgical devices market segmented on the basis of product type, application, end user and region. Request Sample Report https://www.precisionbusinessinsights.com/request-sample?product_id=15929 Cardiovascular Dominate the Global Surgical Devices Market Based on product type, global surgical devices market segmented into cardiovascular, laparoscopy, microvascular, neurosurgery, obstetrics and gynaecology, orthopaedic surgery, plastic and reconstructive surgeries, thoracic surgery, urology, wound closure and others. Cardiovascular segment held considerable market growth during estimated period. Cardiac surgical devices are applicable in performing complications of heart diseases such as valvar and congenital heart diseases. Advancements in medical imaging and robotic-assisted surgeries is driving the segment demand in this particular market. Rising demand for robotic systems in cardiovascular procedures such as angiography balloon catheters and rise in healthcare expenditure and healthcare insurance are further augmenting the market growth. About: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Like it? Share it! More by this author |