Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global surgical equipment market value in 2023 was USD 25.80 billion, driven by the increasing demand for minimally invasive surgeries across the globe. The market size is anticipated to grow at a CAGR of 7.5% during the forecast period of 2024-2032 to achieve a value of USD 49.46 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market growth of surgical equipment is steadily expanding, owing to a rising preference for minimally invasive operations. In addition, the increased frequency of chronic illnesses and accident cases has boosted the market expansion. The advancements in minimally invasive procedures seen in the last few years are evidence of significant surgical equipment advancements that have contributed to the market growth in the historical period. Surgeons have been able to harness their expertise to deliver increased precision in complex procedures, thanks to research and development activities over the previous few years.
Geographically, North America led the overall surgical equipment industry. The introduction of new technology, growing elderly population, favourable regulatory environment, and high discretionary income of consumers were the primary drivers of growth in North America. Meanwhile, the Asia Pacific market is expected to grow at a rapid pace over the forecast period. This healthy growth within the region could be attributed to the rising unmet healthcare demands, improved healthcare infrastructure in the region, and an increase in the incidence of chronic diseases requiring surgical treatments.
Surgical equipment refers to a surgical instrument required during a surgery or operation. It is a specially constructed tool or device designed for performing specified actions or achieving desired outcomes, such as changing biological tissue or providing access to examine it.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The classification of the market on the basis of product are:
By category, the market is divided into:
Market can be classified on the basis of its application as:
The EMR report looks into the regional markets of surgical equipment like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The surgical equipment industry is being aided by the rising cases of surgeries. Surgeries, especially general surgery, which includes the oesophagus, appendix, stomach, large intestine, small intestine, liver, gallbladder, pancreas, and bile ducts, has exhibited high growth in recent years. Further, the rising prevalence of chronic diseases around the world has been a major driver of the market growth. In addition, an increase in the number of cases of thyroid issues around the world has fueled the demand for sophisticated surgical equipment that allows for more precise treatment. This is expected to have a positive effect on the surgical equipment industry.
The report presents a detailed analysis of the following key players in the global surgical equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by Category |
|
Breakup by Application |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Supplier Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global market surgical equipment attained a value of USD 25.80 billion.
The market is anticipated to grow at a CAGR of 7.5% during the forecast period of 2024-2032 to reach a value of USD 49.46 billion by 2032.
The major drivers include the growing inclination towards minimally-invasive procedures, rising cases of surgery, and growing demand for advanced surgical equipment.
The market is expected to be defined by the ongoing technological advancements in the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of surgical equipment in the industry are surgical sutures and staplers, handheld surgical equipment, and electrosurgical devices, among others.
The significant categories of the product are reusable surgical equipment and disposable surgical equipment.
The different applications of the product are neurosurgery, plastic and reconstructive surgeries, wound closure, urology, obstetrics and gynecology, thoracic surgery, microvascular, cardiovascular surgery, orthopaedic surgery, laparoscopy, ophthalmic application, veterinary application, and dental application, among others.
The major players in the industry are B. Braun Melsungen AG, CONMED Corporation, Cadence Inc., Olympus Corporation, Stryker Corporation, and Medtronic plc, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124