The Global Precision Surgery Device Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
Rapid adoption of technologies, such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML), among others, is a major factor driving market revenue growth. In addition, market companies and researchers are developing smart instruments that incorporate a variety of sensors and simplify the operation process. In addition, increasing demand for innovative products that aid in wound closure is another factor driving revenue growth of the market. Wound closure devices, such as flexible wound closure strips, topical skin adhesives, reinforced skin closures, elastic skin closures, and anti-microbial skin closures, are likely to provide market companies with various appealing growth opportunities.
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The handheld surgical devices segment accounted for a significant revenue share in 2021. Rapid advancements in equipment design and competitive product pricing offered by market companies and increasing surgical procedures globally are major factors driving revenue growth of this segment. According to OMICS International Conferences, approximately 234 million surgical procedures are performed each year. Increasing cases of cardiovascular, orthopedic, and neurological diseases, as well as market companies strategic initiatives, such as product approvals, collaborations, and acquisitions, have all contributed significantly to revenue growth of this segment. For instance, in April 2019, Johnson Johnson acquired Auris Health Inc., a surgical robotics company, to use Auris Health's robotic platform technology in a variety of surgical specialties including lung cancer.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Precision Surgery Device market include:
Siemens Healthcare GmbH, Zimmer Biomet, B. Braun SE, Medtronic, Stryker, Alcon, Aspen Surgical, Johnson Johnson, Baxter, and Boston Scientific.
Emergen Research has segmented the global precision surgery device market based on type, application, and region:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Handheld Surgical Devices
- Electrosurgical Devices
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Neurosurgery
- Cardiovascular
- Wound Closure
- Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Precision Surgery Device industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Precision Surgery Device?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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