Surgical Equipment

Surgical Equipment

Global Surgical Equipment Market to Reach US$27.1 Billion by 2030

The global market for Surgical Equipment estimated at US$14.3 Billion in the year 2023, is expected to reach US$27.1 Billion by 2030, growing at a CAGR of 9.6% over the analysis period 2023-2030. Other Applications, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$6.0 Billion by the end of the analysis period. Growth in the Obstetrics & Gynecology Application segment is estimated at 11.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.7 Billion While China is Forecast to Grow at 13.9% CAGR

The Surgical Equipment market in the U.S. is estimated at US$3.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.0 Billion by the year 2030 trailing a CAGR of 13.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.9% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.

Global Surgical Equipment Market - Key Trends and Drivers Summarized

How Is Surgical Equipment Enabling Advanced Medical Procedures?

Surgical equipment comprises instruments, tools, and devices used by surgeons to perform a wide range of medical procedures, from minor incisions to complex surgeries. These include scalpels, forceps, retractors, scissors, electrosurgical devices, and robotic surgical systems, each designed to support precision, efficiency, and patient safety. Surgical equipment is used in various specialties, including general surgery, orthopedics, cardiology, neurology, and gynecology, facilitating procedures like biopsies, tumor removals, joint replacements, and minimally invasive surgeries. As healthcare facilities focus on improving surgical outcomes and patient safety, advanced surgical equipment has become essential, supporting innovations in surgical techniques and practices.

What Are the Key Segments in the Surgical Equipment Market?

Key product types include handheld instruments, electrosurgical devices, minimally invasive surgical instruments, and robotic systems, with handheld instruments holding a significant market share due to their widespread use in general surgeries and routine procedures. Applications cover general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, and gynecology, with general surgery representing a major segment driven by the need for a wide range of instruments in abdominal, thoracic, and other surgical procedures. End-users include hospitals, clinics, ambulatory surgical centers, and specialty surgical centers, with hospitals leading the market as they perform a high volume of surgeries and require diverse surgical equipment.

How Is Surgical Equipment Integrated Across Medical Procedures?

In general surgery, handheld instruments like scalpels, forceps, and retractors are used for incisions, tissue manipulation, and wound closure, ensuring precision and minimal tissue damage. In orthopedic surgery, tools like bone saws, drills, and fixation devices are essential for joint replacements, fracture repair, and spinal surgeries, improving patient mobility and recovery. Cardiovascular surgery relies on electrosurgical devices and robotic systems for procedures like heart bypass, valve repair, and vascular grafting, supporting better accuracy and reduced bleeding. Additionally, minimally invasive surgical instruments like laparoscopes, endoscopes, and robotic tools enable procedures with smaller incisions, faster recovery, and lower risks, enhancing patient outcomes and surgical efficiency.

What Factors Are Driving the Growth in the Surgical Equipment Market?

The growth in the Surgical Equipment market is driven by several factors, including increasing demand for advanced surgical techniques, growing healthcare infrastructure, and rising surgical procedures worldwide. Advancements in surgical technology, such as robotic-assisted systems, electrosurgical devices with enhanced precision, and ergonomic handheld instruments, have supported broader applications across various specialties. The focus on minimally invasive surgeries, which offer faster recovery, reduced hospital stays, and lower complication rates, has further fueled demand, as specialized instruments and devices enable safer and more efficient procedures. Additionally, aging populations, rising prevalence of chronic diseases, and increased healthcare spending have contributed to market growth, encouraging the adoption of modern surgical equipment across healthcare facilities.

SCOPE OF STUDY:

The report analyzes the Surgical Equipment market in terms of US$ Million by the following Application; Product Segment, and Geographic Regions/Countries:

Segments:
Product Segment (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices); Application (Obstetrics & Gynecology, Orthopedic, Cardiovascular, Wound Closure, Plastic & Reconstructive Surgery, Neurosurgery, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• B. Braun Melsungen AG
• Boston Scientific Corporation
• Cadence
• Conmed Corporation
• Medtronic PLC
• Olympus Corporation
• Siemens Healthineers
• Smith & Nephew
• Stryker Corporation
• Zimmer Biomet

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