The surgical equipment industry manufactures tools used by surgeons for cutting, dissecting, grasping, holding, retracting and suturing. Surgical equipment includes graspers, clamps, retractors, distractors, mechanical clutters, and suction tips and tubes.
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The market is valued at $10 billion in 2017 due to the economic growth, minimally invasive surgeries and increases in chronic diseases and disabilities.
In the report, the global surgical equipment market is divided into three segments, namely, surgical sutures and staples, electrosurgical devices and handheld surgical devices. While the first segment accounts for, nearly half of the market share and the remaining share is attributed to the other two segments.
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The USA was the largest country in the surgical equipment market in 2017, accounting for more than one-fifth of the market share. China and Japan followed the USA as the next largest countries in the market.
The following are the key players in the surgical equipment market, Johnson & Johnson was the largest competitor, followed by Stryker Corporation, Intuitive Surgica, B. Braun Melsungen AG and Getinge Group. Johnson & Johnson (J&J) is engaged in the development, manufacturing and marketing of personal care hygienic products, pharmaceuticals and surgical equipment. J&J was founded in 1886 and is headquartered at New Jersey, USA.
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