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Global Surgical Equipment Market Size, Share, Growth, 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; 2024-2032
Global Surgical Equipment Market Outlook
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.
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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.
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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.
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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.
Key Highlights of the Report
| 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:
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| Breakup by Product |
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| Breakup by Category |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| 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. |
*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 (2017-2023)
3.2 Global Surgical Equipment Market Forecast Value (2024-2032)
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
6.1.2.1 Surgical Sutures
6.1.2.2 Surgical Staplers
6.1.3 Handheld Surgical Equipment
6.1.3.1 Forceps and Spatulas
6.1.3.2 Retractors
6.1.3.3 Dilators
6.1.3.4 Graspers
6.1.3.5 Auxiliary Instruments
6.1.3.5.1 Clamps
6.1.3.5.2 Cannulas
6.1.3.6 Cutter Instruments
6.1.3.6.1 Trocars
6.1.3.6.2 Lancets
6.1.3.6.3 Scissors
6.1.3.7 Ligating Clips
6.1.3.8 Others
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 ENTRHAL MEDICAL GMBH
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 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.
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