Surgical Equipment - Global Strategic Business Report

The global market for Surgical Equipment was estimated at US$14.3 Billion in 2023 and is projected to reach US$27.1 Billion by 2030, growing at a CAGR of 9.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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 the Study

The report analyzes the Surgical Equipment market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Other Applications segment, which is expected to reach US$6.0 Billion by 2030 with a CAGR of a 7.5%. The Obstetrics & Gynecology Application segment is also set to grow at 11.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $3.7 Billion in 2023, and China, forecasted to grow at an impressive 13.9% CAGR to reach $7.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Surgical Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surgical Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Surgical Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Surgical Equipment Market such as B. Braun Melsungen AG, Boston Scientific Corporation, Cadence, Conmed Corporation, Medtronic PLC and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Global Surgical Equipment Market report include:

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