The surgical equipment industry
manufactures tools used by surgeons for cutting, dissecting, grasping, holding,
retracting and suturing. Surgical equipment includes graspers, clamps,
retractors, distractors, mechanical clutters, and suction tips and tubes.
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The market is valued at $10 billion in
2017 due to the economic growth, minimally invasive surgeries and increases in
chronic diseases and disabilities.
In the report, the global surgical
equipment market is divided into three segments, namely, surgical sutures and staples, electrosurgical
devices and handheld surgical devices. While the first segment accounts for,
nearly half of the market share and the remaining share is attributed to the
other two segments.
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The USA was the largest country
in the surgical equipment market in 2017, accounting for more than one-fifth of
the market share. China and Japan followed the USA as the next largest
countries in the market.
The following are the key players in the
surgical equipment market, Johnson & Johnson was the largest competitor, followed
by Stryker
Corporation, Intuitive Surgical, B.
Braun Melsungen AG and Getinge Group. Johnson & Johnson (J&J) is engaged in the
development, manufacturing and marketing of personal care hygienic products,
pharmaceuticals and surgical equipment. J&J was founded in 1886 and is
headquartered at New Jersey, USA.
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