Global Surgical Equipment Market to Reach $12B by 2020
NOV 11, 2014 - 7:03 am
A new report by Allied Market Research 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” suggests that the global surgical equipment market is expected to reach $12.1 billion by 2020 registering a CAGR of 11.1% from 2014 to 2020.
Due to the breakthrough achieved by the electro surgical devices in operative procedures by providing highly effective methods of conducting surgeries and the inclusion of robots in curtailing the complexity involved in surgeries will promote the growth of the surgical equipment market.
The global market will witness widespread adoption of the technology by 2020 and it would revolutionize the operating procedures within the health care system. Manufacturing companies adopting these technologies would gain substantial market share over the years, as the advanced technologies will drive further innovations leading to manufacturing of effective surgical equipment. The demand for innovative surgeries is further intensified due to rising incidences of chronic diseases around the globe.
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