Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Disposable Surgical Devices market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Disposable Surgical Devices industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Disposable Surgical Devices industry to benefit clients and grow the market sector. In recent years, the Disposable Surgical Devices industry has offered some of the very significant advantages to the medical industry. Major players in the Disposable Surgical Devices market, including B.
Braun Melsungen AG; Smith & Nephew plc; Zimmer Biomet; Alcon Laboratories, Inc.; Aspen Surgical; Medtronic; Becton; Dickinson and Company; Ethicon; CooperSurgical Inc.; Surgical Innovations, and others, are attempting to increase market demand by investing in the research and development operations.
Aspen Surgical is a medical supplies and equipment company that specializes in the manufacturing and distribution of surgical disposable products and infection prevention solutions. Aspen Surgical offers a comprehensive range of surgical disposable products and infection prevention solutions. Their product portfolio includes items such as surgical blades, scalpels, safety scalpels, knife handles, and other surgical instruments. They also provide products for wound care, including sterile dressings and surgical drapes.In October 2022, Aspen Surgical acquired Symmetry Surgical; Aspen Surgical, a portfolio company of Audax Private Equity, acquired Symmetry Surgical from RoundTable Healthcare Partners.
The acquisition expanded Aspen's portfolio with additional clinically preferred brands, provided diversification into attractive adjacent categories, and added new commercial competencies and routes to market.
Medtronic is a multinational medical technology company headquartered in Dublin, Ireland, with its operational headquartred in Fridley, Minnesota, USA. Founded in 1949, Medtronic is one of the world's largest and most well-known companies in the medical device industry. Medtronic offers a wide range of medical devices and therapies across various medical specialties, including cardiology, diabetes, neurology, spinal and orthopedic, and minimally invasive surgery.In August 2022, Medtronic and Stryker Form Strategic Alliance, Medtronic and Stryker formed a strategic alliance to collaborate on development and commercialization of next-generation disposable surgical devices.
The alliance will combine Medtronic's expertise in medical technology with Stryker's manufacturing capabilities to accelerate the development of innovative disposable devices.
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