Surgical Devices Market by Device Type (Disposable Surgical Device, Reusable Surgical Device), Product, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Surgical Devices Market by Device Type (Disposable Surgical Device, Reusable Surgical Device), Product, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Surgical Devices Market Size

The global surgical devices market size was valued at $140.86 billion in 2024 and is projected to reach $256.42 billion by 2030, growing at a CAGR of 10.5% during the forecast period.

Surgical Devices Market Overview

Surgical devices are tools and instruments used by doctors and surgeons during medical procedures to perform surgeries and other medical interventions. These devices are designed to aid in cutting, dissecting, suturing, and other necessary tasks involved in surgical procedures. Surgical devices can range from simple handheld tools like scalpels and forceps to more complex equipment such as surgical robots and laparoscopic instruments. They play a crucial role in ensuring precision, accuracy, and efficiency during surgeries, ultimately contributing to better patient outcomes.

Surgical Devices Market Dynamics

• The surgical devices market is expected to witness significant growth in the future due to the rapid advancements in technologies, increasing dominance of robotic surgeries, and growing aging population.
• Additionally, the increasing of chronic diseases, growing demand for minimally invasive procedures, and expansion of healthcare infrastructure are the prominent factors driving the growth of the surgical devices market.
• However, the risks associated with surgical procedures and high cost associated with surgical devices and are restraining the market growth.
• On the contrary, the development of innovative surgical devices, untapped potential in emerging markets, and increasing focus on personalized medicine and patient-centric care are creating opportunities for market growth.

By Product, the Surgical Sutures and Staples Segment is anticipated to be the Largest Segment in the Surgical Devices Market

The surgical sutures and staples segment is expected to emerge as the largest segment in the surgical devices markets during the forecast period due rising number of surgical wounds globally and the need for effective wound closure solutions. Surgical sutures and staples play a vital role in this process, providing reliable methods to close surgical wounds. Sutures are commonly used for stitching wounds on the skin due to their flexibility, strength, and ability to degrade inside the body over time without causing harm. Staples, made mostly of stainless steel, offer a convenient alternative to sutures, promoting faster wound healing and reducing the risk of infection. Additionally, staples have a lower tissue reactivity, which helps prevent infections in contaminated wounds. Their use also minimizes inflammation, shortens the time required for wound closure, and results in less visible marks after healing.

By Geography, North America Dominates by Being the Largest Market for Surgical Devices

North America leads as the largest market for surgical devices due to the increasing use of advanced surgical tools and good reimbursement policies. Countries like the United States and Canada. They have government programs that make it easy for doctors to get training and access to these tools. Also, there are many well-equipped hospitals in the region, which means there's a high demand for surgical devices. With more people having bone problems, there's a growing need for orthopedic surgery and related devices, like those for knee and hip replacements. Especially among younger Americans, the number of planned surgeries for knees and hips is going up. Additionally, the older population having more chronic diseases means there's a higher demand for advanced surgical tools for various surgeries.

Key Target Audience:

• Surgeons and Healthcare Professionals
• Hospitals and Surgical Centers
• Medical Device Manufacturers
• Regulatory Authorities and Government Agencies

List of the Key Players Profiled in the Report Includes:

• Olympus Corporation
• Becton, Dickinson and Company (BD)
• Johnson & Johnson
• Stryker Corporation
• Boston Scientific Corporation
• Medtronic plc
• Karl Storz SE & Co. KG
• Smith & Nephew plc
• Abbott Laboratories
• Teleflex Incorporated
• Terumo Corporation
• B. Braun Melsungen AG
• Siemens Healthineers

Recent Developments:

• In July 2023, Johnson & Johnson announced a new product called the Visionary Surgical System. This advanced technology is designed to develop the accuracy and precision of doctors during minimally invasive surgeries. Johnson & Johnson, a major American company known for making medical devices, medicines, and consumer healthcare products, developed this innovative system.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Device Type:

• Disposable Surgical Device
• Reusable Surgical Device
• Medical Robotics & Computer-assisted Devices

Market by, Product:

• Surgical Sutures and Staples
• Auxiliary Instruments
• Energy-based & Powered Instruments
• Other Products

Market by, Application:

• Orthopaedic Surgery
• Laparoscopy
• Neurosurgery
• Wound Closure
• Other Applications

Market by, Geography:

The surgical devices market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario
• Identify growth opportunities
• Porter’s five force analysis
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth
• Historical and forecast size of the market in terms of revenue (USD Million)
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted