The Global Surgical and Medical device market is projected to rise at a CAGR of 5.93% over the forecast period of 2017-2026

NEW YORK, Nov. 28, 2017 /PRNewswire/ --

KEY FINDINGS
The revenue generated by the Global Surgical and Medical device market was calculated to be at $ 466.5 billion in 2016. The market is projected to rise at a CAGR of 5.93% over the forecast period of 2017-2026, raising $828.6 billion by the end of 2026.



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MARKET INSIGHTS
The Global Surgical and Medical device market is segmented on the basis of end-users and technologies. The end-users for the market include hospitals, physician's office, and ambulatory surgery centers (ASCs). The technology segment of the market is further classified into urology and renal, drug delivery devices, in-vitro diagnostics, orthopedics and spine, cardiovascular devices, imaging devices, and endoscopy.

REGIONAL INSIGHTS
The regional segments of global surgical and medical device market include Asia-Pacific, North America, Europe and rest of the world. The most significant share of the market is likely to be captured by North America by the end of the forecast period. The region is well-known for its medical infrastructure. High R&D activities in the region are significantly aiding the market growth. In terms of CAGR growth, the Asia-Pacific market is likely to race ahead. The region is witnessing growing incidences of age-related diseases, a fact that is significantly boosting the market growth.

COMPETITIVE INSIGHTS
Abbott Laboratories, 3M Company, Agilent Technologies, Baxter International, Bayer, Beckton, Dickinson, And Co, Cardinal Health, Boston Scientific, Cryolife Inc, Depuy Synthes, Danaher, Endologix Inc, Ge Healthcare, Fresenius, Halyard Health, Inc., Medtronic, Johnson & Johnson, Novartis, Philips Healthcare, Olympus Corporation, Roche Diagnostics, Smith & Nephew, Siemens Healthcare, Stryker Corp, Thermo Fisher Scientific, Teleflex, Zimmer Holdings and Toshiba Medical Systems Corp (Canon) are some of the competing players in the global surgical and medical devices market.

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