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