Albany, NY -- (SBWIRE) -- 02/17/2014 -- The amount of knowledge and information available about surgical care is very less in the context of public health care. Surgical procedure volumes include general surgical procedures to treat the minor illnesses as well as the advanced procedures using minimal invasive methods. Surgical safety has become a significant factor for public health considering the complications and incidences of death occurring during major surgeries. Surgery finds its applications in the areas such as cardiology, neurology, eye, ear and nose problems, urinary disorders, digestive disorders, orthopedics and even cosmetology.
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Although this market is currently at the nascent stage, the demographic and lifestyle changes will drive the surgical procedures market. The rapidly increasing population has led to increased incidences of health complications that require surgical treatments. Also, due to constant increase of aging population worldwide, illnesses such as osteoporosis and heart attacks are major contributing factors to the increasing surgeries performed all over the world. The introduction of new technologies in the medical field and the increased awareness among the people about the capabilities of the medical science to cure life threatening diseases will create the scope for this market and drive the growth in the coming years.
Various treatments are available now that avoid invasive methods and are more effective and less painful such as laparoscopic and catheter based surgical methods. These treatments are now preferred over the traditional invasive surgical procedures to avoid the pain and complications. This development can be a major restraint for this market. According to the U.S. Food and Drug Administration (FDA), more than 5 million laparoscopic procedures are performed annually worldwide. Laparoscopic surgical procedures are mainly used in the treatment of delicate organ systems such as female reproductive system and liver. Of the total cases of ovarian cancer, 31% are found in Europe followed by 21% in Asia and then 18% in North America. Although the prevalence of the cancer is greater in the developing countries, traditional open surgeries are used as the laparoscopic procedures are costlier.
In the developing countries, although the private healthcare sector accounts for around 70% of the total healthcare expenditure, it is an out-of-pocket spending for the population as no adequate health insurances are available unlike many other developed countries such as the U.S. and U.K. where government provides health insurances. This is a drawback to the surgical procedures market in the developing countries.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Read More Reports on Medical Devices Markets: http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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