GLOBAL MARKET
2018: 14.90 billion; by 2026: $26.52 billion
Market Share: 2018 North America: 31.3%
Compound annual growth rate (CAGR): 2019-2026: 7.1%
Applications
Orthopedic surgery
Laparoscopy
Neurosurgery
Wound closure
Others
Key industry players
- 3M
- Becton Dickinson and Co.
- Boston Scientific
- B. Braun Medical
- CONMED
- Erbe Elektromedizin
- Integra LifeSciences
- Intuitive Surgical
- Johnson & Johnson
- Medtronic
- Smith & Nephew
- Stryker
- Zimmer Biomet
Factors promoting growth
- Increase in surgical procedures
- Increasing rates of chronic diseases
- Increase in aging population
- Plastic/reconstructive surgery demand
- Rising healthcare expenditure
- Technological advancements
- Minimally invasive surgery demand
Explore the August 2019 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- Machine learning framework enhances precision, efficiency in metal 3D printing
- SkillMill – 60-year-old milling machine with digital twin
- Lumetrics’ OptiGauge II EMS
- EMI completes installation of 128-axis CNC turning & milling machine
- Ottobock invests in innovative technologies from MIT start-ups
- Air Turbine Technology's high-speed live tools for Swiss Lathes
- Sandvik announces several software acquisitions
- Dart Controls’s EZ VFD, variable frequency drives
