The Global Surgical Equipment Market to Exceed $7 billion by 2016

London, England -- (SBWIRE) -- 03/19/2012 -- The global market for surgical equipment is forecast to exceed $7 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 6% from 2009 to 2016. The market is expected to be driven by strong economic growth forecasts in emerging economies such as China and India leading to increased investments in healthcare infrastructure, growing demand for outpatient surgeries, technological advances in surgical equipment, increasing preference for minimally invasive surgeries and an aging population.

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Emerging economies such as India and China are forecast to grow in excess of 8% for the next two years. Brazil which had muted growth in 2009 is forecast to grow in excess of 5% in 2010. The strong economic growth forecasts in emerging economies such as India and China are expected to lead to increased investments in healthcare infrastructure, high patient affordability, expansion of healthcare insurance in China and India and an improvement in healthcare services offered. Also China and India are the most populated countries in the world which should provide significant growth opportunities for years to come.

The US is the biggest market for surgical equipment, contributing 36% towards the global market in 2009. The value of this share in 2009 was $1.7 billion which is forecast to grow at a CAGR of 5% to reach $2.4 billion by 2016. However the contribution of the US towards the global market is expected to decline to 32% by 2016. Factors such as higher surgical equipment market growth in Japan, Europe and the emerging economies, healthcare reforms and declining reimbursement levels in the US are expected to lead to a decline in the contribution.

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In 2009, Ethicon with a 35% share was the leader in the global surgical equipment market. This market dominance can be attributed to its major presence in the surgical sutures market, which is the largest category in the surgical equipment market, and the wide range of surgical equipment the company offers to its clients (including hospitals, clinics and outpatient centers). In addition, Johnson & Johnson, the parent company of Ethicon, exerts a great deal of influence on Group Purchasing Organizations (GPOs) especially in the US.

In 2009, the surgical sutures contribution towards the global surgical equipment market was 56%. This contribution is forecast to increase to 59% by 2016. The global market for surgical sutures was valued at $2.65 billion in 2009, and is forecast to grow at a CAGR of 7% to reach $4.3 billion in 2016. The market is expected to be driven by an increasing number of surgical procedures and technological advances in surgical sutures. In 2009, about 100 million surgical incisions were performed. Around 80 million wounds use some form of closure product such as sutures. Surgical wounds are forecast to increase at an annual growth rate of 3% for the next three to five years. The demographics and disease trends clearly point to an increase in the number of surgeries to be performed.

GBI Research's new report, "The Future of Surgical Equipment Market, Market Analysis and Forecasts to 2016 - Emerging Economies to Provide Future Growth Opportunities" provides key data, information and analysis on the global surgical equipment market. The report provides market landscape, competitive landscape and market trends information on three surgical equipment market categories – Electrosurgical Devices, Hand Instruments and Surgical Sutures. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape, key pipeline products and technology offerings.

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The report provides in-depth analysis of the global solar thermal market and provides forecast estimates up to 2020.

London, England -- (SBWIRE) -- 03/19/2012 -- The report provides in-depth analysis of the global solar thermal market and provides forecast estimates up to 2020. The research analyzes the key trends, major issues and growth opportunities in the global solar thermal market. The report contains in depth analysis of the key countries and provides forecast estimates up to 2020. The research analyzes the key trends, drivers, major issues and growth opportunities in the key countries. The report also gives insights on market development of solar thermal in emerging markets. The report provides detailed analysis on the technology trends and cost break up for solar thermal. Information on the regulatory framework and key policies governing the industry has also been dealt with in detail. Elaborate profiling of major industry participants coupled with detailed analysis of important news and deals provide a comprehensive understanding of the global solar thermal market.

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Global carbon emissions have become a central focus of developed nations in attaining the twin goals of energy security and sustainability. In order to achieve this twin target of security and sustainability, there is an acute need to produce energy from the sustainable sources such as wind, solar, geothermal and biomass. The global financial crisis has provided opportunities to governments to move forward in altering the present energy generation mix. The financial stimulus packages announced by the major developed nations have allotted almost $512 billion to green energy. On the basis of announced stimulus packages to 31st March 2009, the observation can be drawn that the Asian nations, especially China, have contributed the most to the green energy projects. South Korea has allotted the maximum amount to the green energy, followed by China.

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Global Solar Thermal market was concentrated in the US only till Spain joined in 2007. Since 2007, the sector has broadened its geographical reach and Australia and Morocco has also started the solar thermal plants. Due to the high energy efficiency, the technology is gathering the interest of the other nations with the planned projects coming online from 2010. Global solar thermal cumulative installed capacity has grown from 354 MW (Megawatts) in 2001 to 697 MW in 2009 at a CAGR of 9% per annum. However, the planned projects that are coming online from 2010 onwards are anticipated to accelerate the CAGR to 46% per annum during 2010 to 2020. In 2020, the solar thermal power capacity is expected to reach at 122,252 MW from 2,715 MW in 2010. The annual installations capacity is expected to witness a big surge in the coming decade, primarily due to the significant capacity additions in the US and Spain. Additionally, the capacity addition will be supported, as many other countries like Australia, China, the United Arab Emirates (UAE), Algeria and Italy are coming up with the CSP (Concentrated Solar Power) projects.

The US solar thermal market grew at a CAGR of 2% per annum from 2001 to 2009. However, the government encouragement for the sector is expected to lift CAGR to astonishing levels of 46% per annum for the period 2010 to 2020. The installations are expected to pick up pace as high capacity plants come online during the period. California is expected to lead the CSP installations with almost nine projects with a capacity of more than 500 MW expected to come online during the period of which one project is having capacity of 1,000 MW. The sector growth will continue to be robust till 2020 as the RPS (Renewable Portfolio Standards) targets for the states will continue encouraging solar thermal power generation in the country.

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Germany and France, Largest Power Markets by Installed Capacity in the Western Europe

London, England -- (SBWIRE) -- 03/16/2012 -- GBI Research, the leading business intelligence provider, has released its latest report, "Power Market in Western Europe to 2020: Increasing Focus on Renewable Power to change the Energy Mix". The report gives an in-depth analysis of the top 10 Western Europe- power markets, (France, Germany, Austria, The United Kingdom, Spain, The Netherlands, Switzerland, Sweden, Norway and Italy). . The research analyzes the regulatory framework and infrastructure of the power sector in these 10 countries. It provides a detailed forecast of the installed capacity by thermal, hydro, renewable and nuclear sources in each of the top 10 countries up to 2020. The report also includes detailed information on the active and upcoming power plants in the top 10 Western Europe power markets.

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Germany emerges as the largest power market by installed capacity among the Western Europe countries with a share of 21.5% in the total installed capacity. France is the second largest market having a share of 17.5% in total installed capacity. This was followed by Italy and Spain having a share of 14.7% and 14.2% in the total installed capacity. United Kingdom has a market share of 12.7% in total installed capacity and is the fifth largest country by installed capacity among the Western Europe countries.

Most of the Western Europe countries will see a growth in electricity consumption. Increase in electricity consumption will require increased generation in the countries. This region has shown increased consumption during the period 2000-2008 due to industrialization, increasing population and extreme climate conditions. In the year 2009, the total consumption of the entire Western Europe declined due to the economic downturn. Since the industry sector, which consumes the highest percentage of electricity, was negatively affected by the global economic downturn, there was an overall decline in total power consumption during this period.

With an upturn in the global economy expected from 2010, electricity consumption is expected to increase moderately during the forecast period 2010-2020. However, the electricity consumption will be strongly impacted by electricity prices and energy efficiency policies.

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Electricity demand contracted in 2009 owing to the global economic downturn and a decline in economic activities in the region. However, during the forecast period 2010-2020, the demand for electricity is expected to increase and hence new power plants are expected to be built to maintain a sustainable reserve margin in the region. These countries are increasing their power generating capacities to meet their growing electricity demand. Owing to this, demand for power is growing quickly translating to wide area of growth opportunities in all segments of the power sector.

The countries are actively augmenting its capacity through clean energy sources, namely, wind ,solar photovoltaic and other renewables.

Countries such as Germany, France, United Kingdom and Austria have set target to generate 30%, 20%, 15% and 34% respectively from renewable sources by 2020/ 2025. In order to achieve this target, the Government has undertaken several incentives in the form of tax relief, capital cost grants and subsidies.

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