Cloud Banner

Medical Devices

Image

Global Surgical Equipment Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Surgical Equipment Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 8.7% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 16.14 Billion
Diagram Market Size (Forecast Year) USD 31.46 Billion
Diagram CAGR 8.7%

Global Surgical Equipment Market, By Product (Surgical Sutures and Staplers, Handheld Surgical Devices, Electrosurgical Devices), End User (Hospitals, Ambulatory Surgical Centers, Others), Category (Reusable Surgical Equipment, Disposable Surgical Equipment), Application (Neurosurgery, Plastic and Reconstructive Surgeries, Wound Closure, Urology, Obstetrics and Gynaecology, Thoracic Surgery, Microvascular Surgery, Cardiovascular Surgery, Orthopaedic Surgery, Laparoscopy, Others) – Industry Trends and Forecast to 2029.

 Surgical Equipment Market Analysis and Size

The neurological surgical devices are used to perform neurological surgery procedures such as aneurysms, brain tumours, cerebrovascular disease, epilepsy, Parkinson’s disease and tremors, stereotactic neurosurgery, trauma surgery, and among others. Furthermore, increasing technological advancement in minimally invasive surgeries, shorter hospital stays after surgery, and an increase in the number of ambulatory surgical centres are expected to drive market growth during the forecast period.

Data Bridge Market Research analyses that the surgical equipment market which was USD 16.14 billion in 2021, is expected to reach USD 31.46 billion by 2029, at a CAGR of 8.7% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Surgical Equipment Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Surgical Sutures and Staplers, Handheld Surgical Devices, Electrosurgical Devices), End User (Hospitals, Ambulatory Surgical Centers, Others), Category (Reusable Surgical Equipment, Disposable Surgical Equipment), Application (Neurosurgery, Plastic and Reconstructive Surgeries, Wound Closure, Urology, Obstetrics and Gynaecology, Thoracic Surgery, Microvascular Surgery, Cardiovascular Surgery, Orthopaedic Surgery, Laparoscopy, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

B. Braun SE (Germany), Smith+Nephew (U.K.), Zimmer Biomet (U.S.), Stryker (U.S.), Alcon Vision LLC (U.S.), Aspen Surgical (U.S.), Medtronic (Ireland), Ethicon Inc. (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), CONMED Corporation (U.S.), Entrhal Medical GmbH (Germany), Fuhrmann GmbH (Germany), KLS Martin Group (U.S.), MEDICON eG (Germany), KARL STORZ (Germany), Olympus Corporation (Japan), Erbe Elektromedizin GmbH (Germany), Integra LifeSciences (U.S.), Getinge AB (Sweden)

Market Opportunities

  • Increase in the number of accidents
  • Rise in demand from the healthcare sector

Market Definition

A surgical instrument used during a surgery or operation is referred to as surgical equipment. It is a specially designed tool or device for performing specific actions or achieving desired outcomes, such as changing biological tissue or providing access to examine it. Surgical equipment refers to the tools or instruments used during surgical procedures to perform specific tasks such as altering biological tissue or providing access to view it. Various types of surgical tools have been developed over time. Some surgical instruments are designed and developed for general use in surgery, while others are made specifically for a surgical procedure.

Global Surgical Equipment Market Dynamics

Drivers

  • Advancements in Minimally-Invasive Procedures

The growing preference for minimally invasive procedures, the surgical equipment market is steadily expanding. Furthermore, the increased frequency of chronic illness and accident cases has fuelled market growth. Recent advances in minimally invasive procedures are evidence of significant surgical equipment advancements that have contributed to market growth in the past. Surgeons have been able to deliver greater precision in complex procedures. These are some of the advancements propel the market's growth.

  • Rise in Surgeries

The increasing number of surgeries benefits the surgical equipment industry. Surgeries, particularly general surgery, which includes procedures on the oesophagus, appendix, stomach, large intestine, small intestine, liver, gallbladder, pancreas, and bile ducts, have grown rapidly in recent years. Furthermore, the rising global prevalence of chronic diseases had been a significant driver of market growth. Furthermore, an increase in the number of thyroid problems around the world has increased demand for sophisticated surgical equipment that allows for more precise treatment. The surgical equipment industry is expected to benefit from this.

Opportunities

  • Growing Demand for Power Tools in Surgical Procedures

The growing need for power tools will drive the demand for surgical equipment. The surgical power tools market benefits from the growing demand for minimally invasive surgeries. Due to their advantages, there is increased adoption of battery-driven cordless surgical power tools. Vendors are increasingly focusing on the use of lithium-ion batteries in surgical tools. This is expected to improve the workflow efficiency of surgeons. These batteries offer high energy density, a long lifecycle, improved reliability, and high-performance standards. Moreover, there has been an increased demand for cordless surgical tools.

Restraints/Challenges

  • High Cost of Surgical Equipment’s

High cost of surgical equipment and the low adoption rate in emerging and underdeveloped countries will obstruct the market's growth rate.

This surgical equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Surgical Equipment Market

The COVID-19 pandemic is still transforming the growth of various markets. However, the outbreak's immediate impact differed across countries. The global COVID-19 outbreak and the lockdown situation in some countries have posed challenges for the surgical equipment market due to hospital and clinic postponements of surgical services to prevent the spread of the COVID-19 virus. For example, in April 2022, the QEII Health Sciences Centre in Nova Scotia decided to postpone most non-urgent and elective surgeries due to an increase in the number and understanding of COVID-19 patients in the hospital. Such factors are likely to have a negative impact on surgical equipment demand. These cancellations created a backlog that will likely need to be cleared once the COVID-19 disruption has subsided. As a result, the demand for surgical equipment is expected to increase soon, potentially expanding the market's development in the coming years.

Recent Developments

  • In June 2022, Xenco Medical expanded its Ambulatory Surgical Centers surgical device portfolio with the approval and launch of its Multilevel CerviKit by the US Food and Drug Administration. Single-use cervical spine technology includes a full suite of implants and single-use instruments for 2, 3, and 4-level anterior cervical spine procedures.
  • In June 2022, Ethicon, a Johnson & Johnson MedTech division, launched the ECHELON 3000 Stapler in the United States. It is a digitally enabled device that allows surgeons to address the unique needs of their patients with simple, one-handed powered articulation.

Global Surgical Equipment Market Scope

The surgical equipment market is segmented on the basis of product, category, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Surgical Sutures and Staplers 
  • Surgical Sutures
  • Surgical Staplers
  • Handheld Surgical Equipment 
  • Forceps and Spatulas
  • Retractors
  • Dilators
  • Grasper
  • Auxiliary Instruments
  • Clamps 
  • Cannulas 
  • Cutter Instruments
  • Trocars 
  • Lancets 
  • Scissors 
  • Ligating Clips 
  • Others
  • Electrosurgical Devices 
  • Generators
  • Consumables
  • Others

Category

  • Reusable Surgical Equipment 
  • Disposable Surgical Equipment 

Application

  • Neurosurgery 
  • Plastic and Reconstructive Surgeries
  • Wound Closure 
  • Urology 
  • Obstetrics and Gynecology 
  • Thoracic Surgery 
  • Microvascular
  • Cardiovascular Surgery 
  • Orthopaedic Surgery 
  • Laparoscopy 
  • Ophthalmic application 
  • Veterinary application 
  • Dental application 
  • Others

 Surgical Equipment Market Regional Analysis/Insights

The surgical equipment market is analyzed and market size insights and trends are provided by country, product, category, application as referenced above.

The countries covered in the surgical equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the surgical equipment market owing to the occurrence of well-established infrastructure along with technological advancement and adoption of minimally invasive surgeries.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the growing concern regarding medical tourism.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The surgical equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical equipment market. The data is available for historic period 2010-2020.

Competitive Landscape and Surgical Equipment Market Share Analysis

The surgical equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical equipment market.

Some of the major players operating in the surgical equipment market are:

  • B. Braun SE (Germany)
  • Smith+Nephew (U.K.)
  • Zimmer Biomet (U.S.)
  • Stryker (U.S.)
  • Alcon Vision LLC (U.S.)
  • Aspen Surgical (U.S.)
  • Medtronic (Ireland)
  • Ethicon Inc. (U.S.)
  • BD (U.S.)
  • Boston Scientific Corporation (U.S.)
  • CONMED Corporation (U.S.)
  • Entrhal Medical GmbH (Germany)
  • Fuhrmann GmbH (Germany)
  • KLS Martin Group (U.S.)
  • MEDICON eG (Germany)
  • KARL STORZ (Germany)
  • Olympus Corporation (Japan)
  • Erbe Elektromedizin GmbH (Germany)
  • Integra LifeSciences (U.S.)
  • Getinge AB (Sweden)

Research Methodology: Global Surgical Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report. 


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Surgical Equipment Market is projected to grow at a CAGR of 8.7% during the forecast period by 2029.
The future market value of the Surgical Equipment Market is expected to reach USD 31.46 billion by 2029.
The major players in the Surgical Equipment Market are B. Braun SE (Germany), Smith+Nephew (U.K.), Zimmer Biomet (U.S.), Stryker (U.S.), Alcon Vision LLC (U.S.), Aspen Surgical (U.S.), Medtronic (Ireland), Ethicon Inc. (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), etc.
The countries covered in the Surgical Equipment Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, etc.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials