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Activ Surgical Announces FDA Clearance for ActivSight Intraoperative Imaging Module

Activ Surgical announced the U.S. Food and Drug Administration (FDA) 510(k) clearance of the company’s ActivSight Intraoperative Imaging Module for enhanced surgical visualization.

Metrex Surface Disinfectant Portfolio Secures EPA Approval

The U.S. Environmental Protection Agency (EPA) has approved all eight surface disinfectant products made by an infection prevention leader, Metrex, as effective against SARS-CoV-2, the novel coronavirus that causes COVID-19.

Olympus Supports Safety Actions Regarding Surgical Smoke

Olympus has announced its support of The Joint Commission’s recommended safety actions for managing the hazards of exposure to surgical smoke for health care staff in operating rooms.

Exofin Fusion Redesign Receives FDA Approval

Chemence Medical, a leader in medical cyanoacrylate devices and products, announced the U.S. Federal Drug Administration’s (FDA) 510(k) approval of the company’s redesigned exofin fusion skin closure system.

Reports Predict Surgical Instrument Market Growth

Reports Predict Surgical Instrument Market Growth

There are different types of surgery including open, minimally invasive and robotic to name a few. There are also many reports on the various different surgery markets, including the different types of surgical instruments.

One thing that all have in common is that the research organizations behind the reports expect the surgical instrument markets to grow over the next few years.

The group Verified Market Research (VMR) predicts growth in the overall surgical instrument market. The VMR report includes information about surgical sutures and staples, handheld surgical equipment and electrosurgical devices.

The VMR report states that the surgical instruments market was valued at nearly $945 billion in 2019 and is projected to exceed $1.5 trillion by 2027, growing at a compound annual growth rate (CAGR) of 6.54% from 2020 to 2027.

Grand View Research (GVR) predicts growth in two surgical instrument markets.

“The global hand-held surgical instruments market size was valued at $3.82 billion in 2017 and is expected to exhibit a CAGR of 7.1% from 2019 to 2025,” GVR states.

In a separate GVR report, additional growth is predicted.

“The global surgical equipment market size was valued at $9.32 billion in 2020 and is expected to grow at a CAGR of 9.8% from 2021 to 2028. Large unmet surgical needs, growing health care costs, rising geriatric population and increasing surgical volume are the key factors projected to drive the market growth during the forecast period,” a GVR report that was publishing in January 2021 states. “The long-term cost comparison study of medicine therapy with surgery revealed that early surgery is considered more cost-effective as compared to continuous medication. Patient awareness about the cost benefits of early surgical intervention is increasing with efficient patient counseling during physician visits.”

The “Global Surgical Instruments Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering and also predicts growth.

“The global surgical instruments market is estimated to increase with a CAGR of 5.78% from a market size of $53.9 billion in 2019,” the report states. “The global surgical instruments market is projected to surge at a significant growth rate in the forecast period owing to the high prevalence of cardiovascular diseases in the world. These include coronary heart diseases, and rheumatic heart diseases among other cardiac diseases driving the market demand in the forecast period.”

“The growing global geriatric population is further propagating the market demand with the surge in age-associated diseases requiring surgeries for treatment further promoting the improvement in the quality of a patient’s life. The growing adoption of minimally invasive surgeries is considered to be one of the major drivers where surgical instruments in various robotic and non-robotic surgeries are fueling the market demand leading to the sales of surgical instruments,” the report continues.

An Allied Market Research report states that the global surgical equipment market was valued at $31.7 billion in 2019 and is estimated to reach $44.4 billion by 2027.

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