Surgical Equipment Market To Reach $12.1B By 2020

Big Market Research has released a new report titled "Global Surgical Equipment Market (Types, Applications and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation And Forecast, 2013 - 2020." The report projects the market to attain a size of $12.1B by 2020, with a healthy CAGR of 11.1% during 2014 - 2020.

Major factors driving the market growth are popularity achieved by electro-surgical tools in effectively carrying out surgeries and application of robots in complex surgical procedures.  The report observes the market to grow exponentially by the end of 2020. Many manufacturing companies are adopting such advanced techniques that would increase their market share in the future. Further, increasing incidences of chronic diseases would help the surgical market to grow.

Minimally invasive surgical procedures offer numerous benefits over the traditional method such as faster recovery, minimal blood loss, minimal trauma & pain, and smaller scars. Many surgical equipment producers are steadily moving towards electrosurgical equipment such as computer/ robotic assisted tools, etc.

With rising popularity of minimally invasive surgical equipment during 2014 - 2020, the market growth rate for surgical equipment would slow down. Numerous government organizations are coming up with safety procedures for manufacturing surgical equipment. Developed countries have implemented strict guidelines for manufacturing surgical equipment to protect patients from getting infected.  Further, reimbursement policies by various developing nations would be beneficial for the market growth.

For more information, visit http://www.bigmarketresearch.com/surgical-equipment-market