Nephew PLC, -Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Surgical equipment are medical devices/tools that serve the specific purpose during surgery. These tools enable the physical modification of biological tissue to provide access to underlying body components. The global surgical equipment market is expected to grow at significant CAGR of 11.1% during the forecast period. Inception of modern electronic technologies such as minimally invasive surgery equipment, and robotic & power assisted systems are primarily driving the surgical equipment market. Development of da Vinci Surgical System by Intuitive Surgical, Inc., in 2011 has provided a breakthrough platform for the robotic assisted surgeries. Despite such promising factors, inadequate quality assurance concerning to performance, improper sterilization procedures for reusable equipment and the absence of affirmative regulatory framework in some regions (such as developing economies).stand as restraints for the development of the market.