Rise in Number of Surgeries across Emerging Economies to Boost Demand for Surgical Equipment

Published Date : Apr 06, 2016

Surgical equipment are widely used during surgical procedures for making incisions, grasping certain tissue or skin, holding organs and tissue back, coagulation of blood vessels, providing access to site of operation, and closing the wound by stapling or stitching. Handheld instruments, staples, sutures, and electrosurgical devices are the commonly used surgical equipment. 

The year-on-year rise in the number of surgical procedures and the growing demand for minimally invasive procedures have augmented the growth of the global surgical equipment market. The rapidly increasing geriatric population and various technical advancements have also augmented the growth of the market. However, the growing demand for advanced wound closure materials such as hemostats, glues, high-strength medical adhesives, fibrin, and other sealants will affect the demand for surgical equipment. The Patient Protection and Affordable Care Act (PPACA) in the U.S. will also hamper the market for surgical equipment. There have been a number of incidences of product recalls owing to the side effects associated with some surgical devices. 

India Witnesses Sudden Surge in Surgeries in Government Health Mission Records

The emerging economies in Asia Pacific are expected to boost the demand for surgical equipment. For example, in countries such as India, there has been a rise in the number of surgeries that would propel the demand for surgical equipment. In some of the states in India, including Maharashtra, Bihar, Jammu and Kashmir, and Karnataka, there has been a ten-fold rise in the number of surgeries under the National Health Mission during the period between 2009-10 and 2014-15. While officials have stated that this indicates the rapidly growing healthcare sector in the country, industry analysts point out that this dramatic surge in the number of surgeries might be due to the misuse of existing insurance-based schemes to promote unnecessary surgical procedures.