Surgical Equipment Market By Product (Surgical Sutures and Staplers, Handheld Surgical Equipment, Electrosurgical Devices, Other Surgical Equipment), By Category (Reusable Surgical Equipment, Disposable Surgical Equipment), By Application (Neurosurgery, Plastic and Reconstructive Surgeries, Wound Closure, Urology, Obstetrics and Gynecology, Thoracic Surgery, Microvascular, Cardiovascular, Orthopedic Surgery, Laparoscopy, Ophthalmic Application, Veterinary Application, Dental Application, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The surgical equipment market was valued at $35.6 billion in 2022 and is estimated to reach $59 billion by 2032, exhibiting a CAGR of 5.2% from 2023 to 2032. Surgical equipment refers to a broad category of medical devices and instruments used by healthcare professionals, particularly surgeons and operating room personnel, during surgical procedures. These instruments are specifically designed to assist in performing various surgical tasks with precision, safety, and efficiency. It includes a wide range of tools and devices, each serving a specific purpose in the operating room. They aid in the physical modification of biological tissue or help to provide access to the internal body while doing surgery.
The surgical equipment market has experienced significant growth owing to rise in prevalence of chronic diseases, surge in geriatric population suffering from chronic diseases, and advancements in biotechnology & ophthalmic research. In addition, the trend toward minimally invasive surgical techniques has boosted the demand for specialized surgical equipment designed for these procedures. Patients benefit from reduced pain, shorter hospital stays, and faster recovery times associated with minimally invasive surgery.
The factors that boost the market growth include an increase in preference for minimally invasive surgery and surge in geriatric population, which is highly susceptible to ocular disorders, gastric disorders, intestinal disorders, and other health conditions. Minimally invasive surgery that uses technology to provide surgeons greater control, access, and accuracy during the surgical procedure.
Moreover, continuous innovation in surgical equipment, such as the technologies of more precise and minimally invasive devices, and advanced imaging technologies, enhances the capabilities of surgeons and improves the outcomes, which is expected to drive the market growth. However, inadequate quality assurance concerning performance, improper sterilization procedures for reusable equipment, and the absence of affirmative regulatory framework in developing economies limit the market growth.
The surgical equipment market is segmented into product, category, application, and region. By product, the market is segregated into surgical sutures & staplers, handheld surgical devices, electrosurgical devices, and other surgical equipment. The handheld surgical devices segment is further sub-divided into forceps & spatulas, retractors, dilators, graspers, auxiliary instruments, cutter instruments, ligating clips, and others (suction tubes, rasps, dissectors, needle holders, and other surgical clips). The other surgical equipment segment includes surgical hernia mesh, surgical glue, and powered surgical instruments.
By category, the market is classified into reusable surgical equipment and disposable surgical equipment. By application, the market is categorized into neurosurgery, plastic & regenerative surgery, wound closure, urology, obstetrics & gynecology, thoracic surgery, microvascular, cardiovascular, orthopedic surgery, laparoscopy, ophthalmic application, veterinary application, dental application, and others. Regin wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).Major key players that operate in the surgical equipment market are B. Braun SE, Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson, Medtronic plc, Cousin Surgery, LLC, KLS Martin Group, Fuhrmann GmbH, Entrhal Medical GmbH, and Integra LifeSciences Holdings Corporation. Key players have adopted product launch and agreement as key developmental strategies to improve the product portfolio of the surgical equipment market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical equipment market analysis from 2022 to 2032 to identify the prevailing surgical equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the surgical equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global surgical equipment market trends, key players, market segments, application areas, and market growth strategies.
Additional company profiles with specific to client's interest
Expanded list for Company Profiles
Historic market data
SWOT Analysis
Key Market SegmentsBy ProductSurgical Sutures and Staplers
Type
Surgical Sutures
◦ Type
Surgical Staplers
Handheld Surgical Equipment
Type
Forceps and Spatulas
Retractors
Dilators
Graspers
Auxiliary Instruments
◦ Type
Cutter Instruments
◦ Type
Ligating clip
◦ Type
Others
Electrosurgical Devices
Other Surgical Equipment
Type
Surgical Hernia Mesh
Surgical Glue/Sealant and Hemostasis
Powered Surgical Instruments
By CategoryReusable Surgical Equipment
Disposable Surgical Equipment
By ApplicationNeurosurgery
Plastic and Reconstructive Surgeries
Wound Closure
Urology
Obstetrics and Gynecology
Thoracic Surgery
Microvascular
Cardiovascular
Orthopedic Surgery
Laparoscopy
Ophthalmic Application
Veterinary Application
Dental Application
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersJohnson & Johnson
Cousin Surgery, LLC
Fuhrmann GmbH
Entrhal Medical GmbH
Integra LifeSciences Holdings Corporation
Boston Scientific Corporation
Medtronic plc
KLS Martin Group
B. Braun SE
ConMed Corporation
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