The surgical equipment market is categorized on the basis of product type and application. On the basis of product type, the market can be categorized as surgical handheld instruments, electrosurgical devices, surgical sutures and staples, and others. Surgical sutures and staples leads the market due to increasing number of surgeries performed; whereas, electrosurgical devices are expected to grow at a faster rate in the coming years due to increasing demand for minimally invasive surgery and advancement in technology.

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Surgical handheld instruments further include scalpels, scissors, retractors, and forceps; whereas, sutures and staples are further segmented on the basis of products as surgical sutures and surgical staples. On the basis application, the market is segmented as cardiovascular, orthopedic surgery, neurosurgery, wound closure, thoracic surgery, obstetrics and gynecology, laparoscopy and others.

The other factors driving the growth of the global surgical equipment market are growing geriatric population, mounting demand for minimally invasive procedures, increasing number of surgical procedures, and improving healthcare infrastructure in emerging economies. In addition, increasing prevalence of chronic diseases, rise in lifestyle associated diseases, and rise in healthcare expenditure are also fuelling the growth of the global surgical equipment market. However, growing demand for advance wound closure materials, such as fibrin, glue and sealants, side effects associated with surgical devices and implementation of patient Protection and Affordable Care Act in the U.S. are some of the factors restraining the growth of the surgical equipment market to some extent. Further, lack of appropriate sterilization of the equipment and inadequate quality assurance are also some of the factors inhibiting the growth of the global surgical equipment market.

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Some of the companies operating in the global surgical equipment market are CareFusion Corporation, Integra LifeSciences Holdings Corporation, ERBE Elektromedizin, KLS Martin LP, CONMED Corporation, Ethicon, Inc., Aspen Surgical Products, Inc., Stryker Corporation, Medicon eG, Covidien Plc, and B. Braun Melsungen AG.