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Global Surgical Equipment Market: By Product: Surgical Sutures and Staplers, Handheld Surgical Equipment, Electrosurgical Devices, Others; By Category; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Surgical Equipment Market Outlook
The global surgical equipment market attained a value of about USD 34.9 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.7% to reach approximately USD 49.8 billion by 2026.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Category, Application, 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 Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | B. Braun Melsungen AG, CONMED Corporation, Cadence Inc., Olympus Corporation, Stryker Corporation, Medtronic plc, Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Surgical Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Surgical Equipment Historical Market (2017-2021)
8.3 Global Surgical Equipment Market Forecast (2022-2027)
8.4 Global Surgical Equipment Market by Product
8.4.1 Surgical Sutures and Staplers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 Surgical Sutures
8.4.1.4.2 Surgical Staplers
8.4.2 Handheld Surgical Equipment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Type
8.4.2.4.1 Forceps and Spatulas
8.4.2.4.2 Retractors
8.4.2.4.3 Dilators
8.4.2.4.4 Graspers
8.4.2.4.5 Auxiliary Instruments
8.4.2.4.5.1 Breakup by Type
8.4.2.4.5.1.1 Clamps
8.4.2.4.5.1.2 Cannulas
8.4.2.4.6 Cutter Instruments
8.4.2.4.6.1 Breakup by Type
8.4.2.4.6.1.1 Trocars
8.4.2.4.6.1.2 Lancets
8.4.2.4.6.1.3 Scissors
8.4.2.4.7 Ligating Clips
8.4.2.4.8 Others
8.4.3 Electrosurgical Devices
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Surgical Equipment Market by Category
8.5.1 Reusable Surgical Equipment
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Disposable Surgical Equipment
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Surgical Equipment Market by Application
8.6.1 Neurosurgery
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Plastic and Reconstructive Surgeries
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Wound Closure
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Urology
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Obstetrics and Gynecology
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Thoracic Surgery
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Microvascular
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
8.6.8 Cardiovascular Surgery
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2017-2021)
8.6.8.3 Forecast Trend (2022-2027)
8.6.9 Orthopaedic Surgery
8.6.9.1 Market Share
8.6.9.2 Historical Trend (2017-2021)
8.6.9.3 Forecast Trend (2022-2027)
8.6.10 Laparoscopy
8.6.10.1 Market Share
8.6.10.2 Historical Trend (2017-2021)
8.6.10.3 Forecast Trend (2022-2027)
8.6.11 Ophthalmic application
8.6.11.1 Market Share
8.6.11.2 Historical Trend (2017-2021)
8.6.11.3 Forecast Trend (2022-2027)
8.6.12 Veterinary application
8.6.12.1 Market Share
8.6.12.2 Historical Trend (2017-2021)
8.6.12.3 Forecast Trend (2022-2027)
8.6.13 Dental application
8.6.13.1 Market Share
8.6.13.2 Historical Trend (2017-2021)
8.6.13.3 Forecast Trend (2022-2027)
8.6.14 Others
8.7 Global Surgical Equipment Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 9018)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 B. Braun Melsungen AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 CONMED Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Cadence Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Olympus Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Stryker Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Medtronic plc
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Surgical Equipment Market: Key Industry Highlights, 2016 and 2026
2. Global Surgical Equipment Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global Surgical Equipment Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global Surgical Equipment Historical Market: Breakup by Category (USD Million), 2017-2021
5. Global Surgical Equipment Market Forecast: Breakup by Category (USD Million), 2022-2027
6. Global Surgical Equipment Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Surgical Equipment Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Surgical Equipment Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Surgical Equipment Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Surgical Equipment Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Surgical Equipment Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Surgical Equipment Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Surgical Equipment Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Surgical Equipment Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Surgical Equipment Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Surgical Equipment Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Surgical Equipment Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Surgical Equipment Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Surgical Equipment Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Surgical Equipment Market Structure
Key Questions Answered in the Report
The global surgical equipment market attained a value of nearly USD 34.9 billion in 2020.
The market is projected to grow at a CAGR of 5.7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 49.8 billion by 2026.
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.
Analyst Review
The global surgical equipment market attained a value of about USD 34.9 billion in 2020, driven by the rising demand from the application sector. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.7%. The market is projected to reach approximately USD 49.8 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the surgical equipment industry can be segmented into surgical sutures and staplers, handheld surgical equipment, and electrosurgical devices, among others. On the basis of category, the industry is divided into reusable surgical equipment and disposable surgical equipment. By application, the industry is segregated into 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 regional markets for surgical equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include B. Braun Melsungen AG, CONMED Corporation, Cadence Inc., Olympus Corporation, Stryker Corporation, and Medtronic plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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