'The global market for surgical equipment is forecast to exceed $7 billion by 2016 with a CAGR of 6% from 2009 to 2016. The market is expected to be driven by strong economic growth forecasts in emerging economies such as China and India'
Emerging economies such as India and China are forecast to grow above 8% for the next two years. Brazil which had limited growth in 2009 is forecast to grow in excess of 5% in 2010. The strong economic growth forecasts are expected to lead to increased investments in healthcare infrastructure, high patient affordability, expansion of healthcare insurance in China and India and an improvement in healthcare services offered. The US has the biggest market for surgical equipment, contributing 36% towards the global market in 2009. However the contribution of the US towards the global market is expected to decline to 32% by 2016. Factors such as higher surgical equipment market growth in Japan, Europe and the emerging economies, healthcare reforms and declining reimbursement levels in the US will contribute to this decline.
GBI Research's report "The Future of Surgical Equipment Market, Market Analysis and Forecasts to 2016 - Emerging Economies to Provide Future Growth Opportunities" provides key data, information and analysis on the global surgical equipment market. The report provides market landscape, competitive landscape and market trends information on three surgical equipment market categories - electrosurgical devices, hand instruments and surgical sutures. The report provides comprehensive information on the key trends affecting these categories and key analytical content on the market dynamics.
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