Research Nester published a report titled “Surgical Kits Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global surgical kits market in terms of market segmentation by type, procedure, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global surgical kits market is anticipated to grow with a CAGR of 7.1% over the forecast period, i.e., 2022-2031. The market is segmented by procedure into general surgery, cardiac surgery, orthopaedic surgery, urology, ophthalmology, and other. Out of which the general surgery segment is anticipated to garner the second-highest revenue of USD 4,318.4 Million by the end of 2031. Further, the segment garnered a revenue of USD 2,321.1 Million in the year 2021.
The global surgical kits market is estimated to garner a revenue of 32,226.7 Million by the end of 2031, up from a revenue of USD 16,345.5 Million in the year 2021. Growing number of cataract surgeries, growing number of geriatric population, and rising demand for plastic surgery is expected to boost the market growth.
Geographically, the global surgical kits market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these regions, the market in Asia Pacific is estimated to garner the largest revenue of USD 10,409.2 Million by the end of 2031. Additionally, in the year 2021, the market in the Asia Pacific region generated a revenue of USD 4,969.0 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Number of Cataract Surgeries to Drive Market Growth
Worldwide, there are roughly 25% million cataract operations performed each year, with 3 million of those in the US. Every day, about 59,000 cataract operations are performed worldwide.
Cataract development can happen at any age and is one of the main causes of blindness. Diabetes, hypertension, obesity, smoking, and many other variables are connected to the development of cataracts. The demand for cataract surgery is therefore anticipated to increase as a result of these reasons, driving the market's growth. The development of cataracts may also be influenced by age.
However, contamination issues, improper sterilization of surgical kits and growing environmental issues which are expected to operate as key restraint to the growth of global surgical kits market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global surgical kits market which includes company profiling of Cardinal Health, Paul Hartmann AG, World Precision Instruments, Medline Industries, LP, Rocialle Healthcare Ltd., Safe Orthopaedics, 3M, and Stradis Healthcare. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global surgical kits market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.