Global Surgical Equipment Market Size, Share, Growth, Analysis, Report: By Product: Surgical Sutures and Staplers, Handheld Surgical Equipment, Electrosurgical Devices, Others; By Category: Reusable Surgical Equipment, Disposable Surgical Equipment; By Application; By End User; Regional Analysis; Supplier Landscape; 2023-2031

Global Surgical Equipment Market Outlook

The global surgical equipment market value in 2022 was USD 24 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 2023-2031 to achieve a value of USD 46.2 billion by 2031.


Global Surgical Equipment Market

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Advancements in Minimally-Invasive Procedures to Augment the Growth of Surgical Equipment Industry

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.


North America to Hold the Major Portion of the Market for Surgical Equipment

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: Market Segmentation

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.


Global Surgical Equipment Market by Segment

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The classification of the market on the basis of product are:

  • Surgical Sutures and Staplers 
    • Surgical Sutures
    • Surgical Staplers
  • Handheld Surgical Equipment 
    • Forceps and Spatulas
    • Retractors
    • Dilators
    • Graspers
    • Auxiliary Instruments
      • Clamps 
      • Cannulas 
    • Cutter Instruments
      • Trocars 
      • Lancets 
      • Scissors 
    • Ligating Clips 
    • Others
  • Electrosurgical Devices 
  • Others

By category, the market is divided into:

  • Reusable Surgical Equipment 
  • Disposable Surgical Equipment 

Market can be classified on the basis of its application as:

  • Neurosurgery 
  • Plastic and Reconstructive Surgeries
  • Wound Closure 
  • Urology 
  • Obstetrics and Gynecology 
  • Thoracic Surgery 
  • Microvascular
  • Cardiovascular Surgery 
  • Orthopaedic Surgery 
  • Laparoscopy 
  • Ophthalmic application 
  • Veterinary application 
  • Dental application 
  • Others

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.


Global Surgical Equipment Market by Region

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Rise in Surgeries to Boost the Market Expansion of Surgical Equipment

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.


Key Industry Players in the Global Surgical Equipment Market

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:

  • B. Braun Melsungen AG 
  • CONMED Corporation 
  • Cadence Inc. 
  • Olympus Corporation 
  • Stryker Corporation 
  • Medtronic plc
  • Others

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.


Base Year 2022
Historical Period 2016-2022
Forecast Period 2023-2031
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Category
  • Application
  • End User
  • Region
Breakup by Product
  • Surgical Sutures and Staplers
  • Handheld Surgical Equipment
  • Electrosurgical Devices
  • Others
Breakup by Category
  • Reusable Surgical Equipment
  • Disposable Surgical Equipment
Breakup by Application
  • Neurosurgery
  • Plastic and Reconstructive Surgeries
  • Wound Closure
  • Urology
  • Obstetrics and Gynecology
  • Thoracic Surgery
  • Microvascular
  • Cardiovascular Surgery
  • Orthopaedic Surgery
  • Laparoscopy
  • Ophthalmic application
  • Veterinary application
  • Dental application
  • Others
Breakup by End User
  • Hospitals & Clinics
  • Ambulatory Surgical Centres
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • B. Braun Melsungen AG
  • CONMED Corporation
  • Cadence Inc.
  • Olympus Corporation
  • Stryker
  • Medtronic
  • Boston Scientific Corporation
  • Zimmer Biomet
  • Aspen Surgical Products, Inc.
  • Becton, Dickinson and Company
  • Ethicon, Inc.
  • Smith+Nephew
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.


*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Surgical Equipment Market Overview 

    3.1    Global Surgical Equipment Market Historical Value (2016-2022) 
    3.2    Global Surgical Equipment Market Forecast Value (2023-2031)
4    Global Surgical Equipment Market Landscape
    4.1    Global Surgical Equipment Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Surgical Equipment Product Landscape
        4.2.1    Analysis by Product
        4.2.2    Analysis by Category 
        4.2.3    Analysis by Applications
        4.2.4    Analysis by End User
5    Global Surgical Equipment Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Surgical Equipment Market Segmentation 
    6.1    Global Surgical Equipment Market by Product
        6.1.1    Market Overview    
        6.1.2    Surgical Sutures and Staplers
      Surgical Sutures
      Surgical Staplers
        6.1.3    Handheld Surgical Equipment
      Forceps and Spatulas
      Auxiliary Instruments
      Cutter Instruments
      Ligating Clips
        6.1.4    Electrosurgical Devices
        6.1.5    Others
    6.2    Global Surgical Equipment Market by Category
        6.2.1    Market Overview
        6.2.2    Reusable Surgical Equipment
        6.2.3    Disposable Surgical Equipment
    6.3    Global Surgical Equipment Market by Application
        6.3.1    Market Overview
        6.3.2    Neurosurgery
        6.3.3    Plastic and Reconstructive Surgeries
        6.3.4    Wound Closure
        6.3.5    Urology
        6.3.6    Obstetrics and Gynecology
        6.3.7    Thoracic Surgery
        6.3.8    Microvascular
        6.3.9    Cardiovascular Surgery
        6.3.10    Orthopaedic Surgery
        6.3.11    Laparoscopy
        6.3.12    Ophthalmic application
        6.3.13    Veterinary application
        6.3.14    Dental application
        6.3.15    Others
    6.4    Global Surgical Equipment Market by End User
        6.4.1    Market Overview
        6.4.2    Hospitals & Clinics
        6.4.3    Ambulatory Surgical Centres
        6.4.4    Others
    6.5    Global Surgical Equipment Market by Region
        6.5.1    Market Overview
        6.5.2    North America 
        6.5.3    Europe
        6.5.4    Asia Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Surgical Equipment Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Surgical Equipment Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Surgical Equipment Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Surgical Equipment Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Surgical Equipment Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    B. Braun Melsungen AG
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    CONMED Corporation
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Cadence Inc.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Olympus Corporation
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Stryker
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Medtronic
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Boston Scientific Corporation 
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Zimmer Biomet
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Aspen Surgical Products, Inc.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Becton, Dickinson and Company
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Ethicon, Inc.
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13    Smith+Nephew
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
18    Global Surgical Equipment Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2022, the global market surgical equipment attained a value of USD 4.42 billion.

The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2023-2031 to reach a value of USD 7.66 billion by 2031.

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.

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