PUBLISHER: Grand View Research | PRODUCT CODE: 1571711
PUBLISHER: Grand View Research | PRODUCT CODE: 1571711
The Europe surgical equipment market size is expected to reach USD 8.61 billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in number of surgeries due to increase in prevalence of cardiovascular & gynecological disorders, birth rate, and cases of road accidents is driving the market.
Road accidents are the among the leading causes of mortality in most European countries. Eastern Europe registers maximum number of patients from road accidents every year. In addition, mental disorders, chronic respiratory disorders, and cancer contribute to over 86% of deaths in Europe. Increase in prevalence of these disorders is expected to fuel demand for surgical equipments in healthcare establishments across Europe. Growing incidence of these disorders can be attributed to inactive lifestyle, smoking, and high consumption of alcohol.
Increase in number of conventional surgeries and technological advancements have also created a high demand for modern surgical tools and techniques. Key players are increasingly focusing on development of technologically advanced devices. For instance, B. Braun, one of the leaders, has introduced electrosurgical products, such as the bipolar electrosurgical unit. Technological advancements in surgical tools have also improved their effectivity, further increasing demand. Powered equipments-both plugged and battery operated-are witnessing a high adoption, owing to their ease of use and effectiveness. Electrosurgeries can help significantly reduce blood loss during surgeries by immediate cauterization of tissue using electric current. The aforementioned factors are driving the growth of the Europe surgical instruments market.