According to a recent report by Reports and Data, the global Surgical Devices Market is expected to reach USD 20.20 Billion by 2028, with a revenue CAGR of 9.6% over the forecast period. The growing prevalence of chronic diseases and an increasing number of surgical procedures are among the main factors expected to drive market growth.

The market's revenue is expected to be boosted in the future due to the growing demand for Surgical Devices that can be handheld. Chronic diseases present a major risk to both morbidity and mortality and incur substantial healthcare costs globally.

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The usage of Handheld Surgical Devices has been rising in non-invasive surgeries as they are more affordable than robotic devices. Surgeons find these handheld surgical instruments easy to use, which has led to their swift adoption, further propelling market growth.

Nonetheless, during the forecast period, revenue growth is predicted to be hampered by stringent government regulations for surgical device approval and the negative effects of Covid-19 on surgical device manufacturers.

The report also emphasizes the reusable surgical device segment, which is projected to experience considerable growth due to the escalating demand for reusable Surgical Devices by healthcare providers.

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The use of surgical sutures and staples is prevalent in wound healing procedures, which is expected to drive considerable revenue growth in this segment of the market. Additionally, the orthopedic surgery segment is projected to register a significant growth rate due to the increasing number of orthopedic surgical procedures being performed.

North America is expected to hold the largest revenue share in the global market during the forecast period, mainly due to the presence of major surgical device providers such as Stryker Corporation, Aspen Surgical Products, Inc., Cadence Inc., and Becton, Dickinson and Company in the region, among others.

The report profiles several leading companies operating in the global market, including Smith Nephew plc, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Medtronic plc, Stryker Corporation, Ethicon, Inc. (Johnson Johnson Medical Devices), Aspen Surgical Products, Inc., CONMED Corporation, Cadence Inc., and Becton, Dickinson and Company. In June 2021, Aspen Surgical Products, Inc. acquired Stork, a division of Briggs Healthcare, which is expected to enhance Aspen's portfolio of medical and surgical disposables for the acute care industry.

Reports and Data segmented the global Surgical Devices market based on device type, product, application, and region. The device types include disposable Surgical Devices, reusable Surgical Devices, and medical robotics computer-assisted devices. The product categories comprise surgical sutures and staples, auxiliary instruments, energy-based powered instruments, and others. The application segment covers orthopedic surgery, laparoscopy, neurosurgery, wound closure, and others. The regional outlook covers North America, Europe, Asia Pacific, Latin America, and MEA.Request a customized copy of the report @

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