The Global Surgical Equipment Market accounted for US$ 12,547 Mn in 2021 and is expected to reach US$ 28,777 Mn by 2030 with a considerable CAGR of 9.9% during the forecast timeframe of 2022 to 2030.
Surgical instruments allow doctors to open the tissue, dissect and isolate the lesion, remove the bone, and remove or obliterate the abnormal structures as a treatment. Surgical equipment is used to assist in the operation of the patient or during surgeries. Products such as handheld surgical instruments, surgical sutures and staplers, and electrosurgical equipment are used as surgical equipment. Surgical equipment is used to treat a wide range of conditions, including obstetrics and gynecology, cardiology, wound care, neurosurgery, plastic and reconstructive surgery, and orthopedics.
There are two different types of equipment tools: larger tools for initial exposure and finer tools for encountering delicate structures. Stainless steel is used to make the vast majority of surgical instruments. In addition to stainless steel, other metals used include titanium, vanadium, chromium, and molybdenum. Furthermore, surgical instruments are in high demand as the number of reconstructive surgeries increases and healthcare facilities' quality of care becomes more stringent. As a result, this helps to grow the surgical instruments industry.
Drivers
· Rising awareness of non-invasive surgeries
· Growing geriatric population
· The increasing number of traffic and other accidents
Restraints
· Infections caused by reused equipment
· Stringent regulations for equipment
Opportunity
· The increasing number of surgeries in hospitals, clinics, and ambulatory surgical centers
| Market |
Surgical Equipment Market |
| Market Size 2021 |
US$ 12,547 Mn |
| Market Forecast 2030 |
US$ 28,777 Mn |
| CAGR |
9.9% During 2022 - 2030 |
| Analysis Period |
2018 - 2030 |
| Base Year |
2021 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Product Type, By Application,By Usability And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Smith & Nephew plc, Ethicon, Inc., B. Braun Melsungen AG, Medtronic PLC, Zimmer Biomet Holdings, Inc., Entrhal Medical GmbH, Stryker Corporation, Alcon Laboratories, Inc., Aspen Surgical Products, Inc., Conmed Corporation, Boston Scientific Corporation, and Johnson & Johnson. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
Surgical Equipment Market Dynamics
The global surgical equipment growth is mainly driven by an ageing population, rising chronic disease prevalence, and a rise in the number of vehicle accident cases worldwide. There is a growing demand for innovative and advanced surgical equipment throughout the healthcare industry. Furthermore, rising public awareness of non-invasive surgeries is increasing demand for the procedures, fueling the global surgical equipment market's growth in the coming years. One of the major factors driving patient demand for surgeries is a growing understanding of the cost benefits of early surgical intervention. In the coming years, technological developments in surgical instruments, as well as significant investments by industry players, are expected to provide growth opportunities. Moreover, People in their golden years are more likely to suffer from chronic diseases, which may increase demand for surgical treatments and, consequently, surgical equipment.
Market Segmentation
Market by Product
· Surgical Sutures & Staplers
· Handheld Surgical Devices
o Forceps & Spatulas
o Dilators
o Retractors
o Auxiliary Instruments
o Graspers
o Cutter Instruments
o Others
· Electrosurgical Devices
Based on the product, the electrosurgical devices segment is expected to grow significantly in the market over the next few years. Electrosurgical devices are used in a wide range of surgical procedures, including gynecology surgery, cardiovascular surgery, and general surgery. These devices use an electric current to destroy the targeted tissues thermally. The rise in the number of surgical procedures worldwide, the rise in the incidence of chronic diseases, the high proportion of the geriatric population, and technological advancements are driving the market growth of the electrosurgical devices segment. Furthermore, the advantages of electrosurgical devices include low risk to patients, ease of use, faster recovery time, and a low risk of infection, all of which contribute to their increased adoption.
Market by Application
· Neurosurgery
· Plastic & Reconstructive Surgery
· Obstetrics & Gynecology
· Wound Closure
· Cardiovascular
· Orthopedic
· Others
The Obstetrics & Gynecology segment is expected to account for the largest market share in 2021, owing to an increase in the number of baby births. Obstetrics and gynecology is a broad and diverse field of medicine that includes surgery, prenatal care management, oncology, gynecologic care, and primary health care for women. Furthermore, the increasing number of childbirths and the increasing penetration of female reproductive body part illnesses have contributed to an increase in the number of gynecologic surgeries, which has aided segment growth.
Furthermore, the orthopedic surgery market will grow rapidly during the forecast period due to an increase in the prevalence of orthopedic disorders worldwide. The burden of musculoskeletal diseases is increasing as the population ages. As a result, rising musculoskeletal disorders, combined with an aging population, will drive segment growth.
Market by Usability
· Disposable Surgical Equipment
· Reusable Surgical Equipment
In terms of usability, the reusable surgical equipment segment will account for more than half of the market in 2021. Reusable surgical instruments are those that can be reused and recycled by healthcare providers and have been used to treat multiple patients. Endoscopes, surgical forceps, and stethoscopes are examples of reusable medical devices. Furthermore, an increase in the global senior population is expected to drive demand for reusable surgical instruments as the incidence of diseases and disorders among the population rises, resulting in an increase in the number of surgeries performed.
Surgical Equipment Market Regional Overview
North America
· U.S.
· Canada
Europe
· U.K.
· France
· Germany
· Spain
· Rest of Europe
Latin America
· Mexico
· Brazil
· Rest of Latin America
Asia-Pacific
· India
· China
· Japan
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· GCC
· Rest of Middle East & Africa
The North American surgical equipment market will grow as healthcare spending increases in order to provide better public services in healthcare organizations. The United States held the largest share of the North American surgical instrument market. This is due to a large patient population, an aging society, and an increase in the number of various surgical procedures, as surgical equipment is widely used in areas such as abdominal surgery, gynecology, cardiothoracic, and orthopedic surgeries, among others. Furthermore, factors such as globalization, rapid technological advancements, and rising healthcare expenditure are driving the global surgical equipment market in North America. Furthermore, growing awareness of the benefits of minimally invasive surgical procedures has increased the demand for surgical equipment significantly. In addition, the availability of large and developed healthcare infrastructure in the region benefits the market due to the increased penetration of hospitals, diagnostic centers, and ambulatory services.
Key Players
Some of the prominent players in global surgical equipmentmarket are Smith & Nephew plc, Ethicon, Inc., B. Braun Melsungen AG, Medtronic PLC, Zimmer Biomet Holdings, Inc., Entrhal Medical GmbH, Stryker Corporation, Alcon Laboratories, Inc., Aspen Surgical Products, Inc., Conmed Corporation, Boston Scientific Corporation, and Johnson & Johnson.
CHAPTER 1. Industry Overview of Surgical Equipment Market
1.1. Definition and Scope
1.1.1. Definition of Surgical Equipment
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Surgical Equipment Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Surgical Equipment Market By Product
1.2.3. Surgical Equipment Market By Application
1.2.4. Surgical Equipment Market By Usability
1.2.5. Surgical Equipment Market By Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Application
2.2.1. Secondary Application
2.2.2. Primary Application
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Surgical Equipment Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Surgical Equipment Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Applications
3.8.2. Application Suppliers
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2021
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2021
4.2. R&D Status of Surgical Equipment Major Manufacturers in 2021
CHAPTER 5. Surgical Equipment Market Revenue By Product
5.1. Introduction
5.2. Surgical Equipment Market Revenue (US$ Mn) By Product
5.2.1. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
5.2.2. Surgical Sutures & Staplers
5.2.2.1. Surgical Sutures & Staplers Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3. Handheld Surgical Devices
5.2.3.1. Handheld Surgical Devices Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.2. Forceps & Spatulas
5.2.3.2.1. Forceps & Spatulas Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.3. Dilators
5.2.3.3.1. Dilators Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.4. Retractors
5.2.3.4.1. Retractors Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.5. Auxiliary Instruments
5.2.3.5.1. Auxiliary Instruments Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.6. Graspers
5.2.3.6.1. Graspers Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.7. Cutter Instruments
5.2.3.7.1. Cutter Instruments Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.3.8. Others
5.2.3.8.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
5.2.4. Electrosurgical Devices
5.2.4.1. Electrosurgical Devices Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
CHAPTER 6. Surgical Equipment Market Revenue By Application
6.1. Introduction
6.2. Surgical Equipment Market Revenue (US$ Mn) By Application
6.2.1. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
6.2.2. Neurosurgery
6.2.2.1. Neurosurgery Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.3. Plastic & Reconstructive Surgery
6.2.3.1. Plastic & Reconstructive Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.4. Obstetrics & Gynecology
6.2.4.1. Obstetrics & Gynecology Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.5. Wound Closure
6.2.5.1. Wound Closure Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.6. Cardiovascular
6.2.6.1. Cardiovascular Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.7. Orthopedic
6.2.7.1. Orthopedic Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
6.2.8. Others
6.2.8.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
CHAPTER 7. Surgical Equipment Market Revenue By Usability
7.1. Introduction
7.2. Surgical Equipment Market Revenue (US$ Mn) By Usability
7.2.1. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
7.2.2. Disposable Surgical Equipment
7.2.2.1. Disposable Surgical Equipment Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
7.2.3. Reusable Surgical Equipment
7.2.3.1. Reusable Surgical Equipment Market Revenue (US$ Mn) and Growth Rate (%), 2018-2030
CHAPTER 8. North America Surgical Equipment Market By Country
8.1. North America Surgical Equipment Market Overview
8.2. U.S.
8.2.1. U.S. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
8.2.2. U.S. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
8.2.3. U.S. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
8.3. Canada
8.3.1. Canada Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
8.3.2. Canada Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
8.3.3. Canada Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe Surgical Equipment Market By Country
9.1. Europe Surgical Equipment Market Overview
9.2. U.K.
9.2.1. U.K. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
9.2.2. U.K. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
9.2.3. U.K. Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
9.3. Germany
9.3.1. Germany Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
9.3.2. Germany Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
9.3.3. Germany Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
9.4. France
9.4.1. France Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
9.4.2. France Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
9.4.3. France Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
9.5. Spain
9.5.1. Spain Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
9.5.2. Spain Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
9.5.3. Spain Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
9.6.2. Rest of Europe Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
9.6.3. Rest of Europe Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia-Pacific Surgical Equipment Market By Country
10.1. Asia-Pacific Surgical Equipment Market Overview
10.2. China
10.2.1. China Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.2.2. China Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.2.3. China Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.3. Japan
10.3.1. Japan Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.3.2. Japan Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.3.3. Japan Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.4. India
10.4.1. India Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.4.2. India Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.4.3. India Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.5. Australia
10.5.1. Australia Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.5.2. Australia Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.5.3. Australia Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.6. South Korea
10.6.1. South Korea Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.6.2. South Korea Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.6.3. South Korea Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
10.7.2. Rest of Asia-Pacific Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
10.7.3. Rest of Asia-Pacific Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Surgical Equipment Market By Country
11.1. Latin America Surgical Equipment Market Overview
11.2. Brazil
11.2.1. Brazil Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
11.2.2. Brazil Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
11.2.3. Brazil Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
11.3. Mexico
11.3.1. Mexico Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
11.3.2. Mexico Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
11.3.3. Mexico Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
11.4.2. Rest of Latin America Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
11.4.3. Rest of Latin America Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Surgical Equipment Market By Country
12.1. Middle East & Africa Surgical Equipment Market Overview
12.2. GCC
12.2.1. GCC Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
12.2.2. GCC Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
12.2.3. GCC Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
12.3. South Africa
12.3.1. South Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
12.3.2. South Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
12.3.3. South Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Product, 2018-2030
12.4.2. Rest of Middle East & Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Application, 2018-2030
12.4.3. Rest of Middle East & Africa Surgical Equipment Market Revenue (US$ Mn) and Forecast By Usability, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Surgical Equipment Market
13.1. Surgical Equipment Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of Key Players by Price, Presence, Market Share, and R&D Investment
13.2.2. Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Surgical Equipment Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Smith & Nephew plc
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Market Revenue (US$ Mn), 2021
14.1.3.2. Smith & Nephew plc 2021 Surgical Equipment Business Regional Distribution
14.1.4. Product/service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Ethicon, Inc.
14.3. B.Braun Melsungen AG
14.4. Medtronic PLC
14.5. Zimmer Biomet Holdings, Inc.
14.6. Entrhal Medical GmbH
14.7. Stryker Corporation
14.8. Alcon Laboratories, Inc.
14.9. Aspen Surgical Products, Inc.
14.10. Conmed Corporation
14.11. Boston Scientific Corporation
14.12. Johnson & Johnson
