The Global Surgical Equipment Market was valued at USD 17.1 Billion in 2023 and is estimated to reach USD 37.9 Billion by 2033, growing at a CAGR of 8.7% from 2023 to 2033.  

Scope of the market:Surgical Equipment is used to perform surgery or physical modification to get through internal organs. These are sets of tools that help doctors in their surgery. Clamps, scissors, retractors, haemostat, and others are mainly used in surgeries. For instance, a scalpel is used to cut the soft tissue which allows it to reach that specific organ. In the same way, sutures are used to close the wound or connect vessels.Surgical equipment is very important in operating room and they are mainly made up of titanium.

The increasing prevalence of chronic diseases like cancer, autoimmune disease, and others with the growing geriatric population are factors that driving this market. The rising population of obese, and diabetes will increase the chance of surgeries thus increasing the demand for more and more surgical equipment. Further, accident cases will drive the necessity of emergency surgeries. Government initiatives for developing healthcare infrastructure and accessibility of necessary surgeries such as pulmonary, and cardiovascular will also contribute to the market’s growth.

Economic Impact of Covid-19:

The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It alsofocuses on the post-pandemic and pre-pandemic era of the Global Surgical Equipment Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs.

Key Players:

• Medtronic Plc
• Seaskymedical
• Philips
• Fresenius Medical Care
• 3M Company
• Boston Scientific Corporation
• Johnson and Johnson
• Cardinal Health
• GE Healthcare
• Zimmer Biomet Holdings Inc.
• Ethicon Inc.
• Stryker Corporation
• Smith & Nephew plc
• Aspen Surgical Product Inc.
• Healthium Ltd.
• Olympus Corporation
• CONMED Corporation
• Wells Plastic Ltd.
• Alcon Laboratories Inc.
• Meril Lifescience Corporation
• Micron Biomedical

These players are considered in the report based on Company Profile, company overview, strategies, recent developments and trends, and financial overview.

Mergers and acquisitions and the launching of new services and products are helping key players to make their strategies in the forecast.

Recent Developments in GlobalSurgical Equipment Market.

Medtronic India has launched an EEA circular stapler with the Tri-Staple Technology which is used in colorectal procedures in India.

Alcon, an eye care leader, has agreedto purchase Kala Pharmaceuticals EYSUVI’s 0.25% eye drops. This will increase the eye care segment for Alcon.

Aesculap Inc. has launched its new sterile Container system named AESCUPAL Aicon. Aesculap will also spotlight its SQ line of Surgical Instruments with features including 50% reduction in difficult-to-inspect areas.

Global Surgical EquipmentMarket Key Benefits:

1. The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
2. Quantitative and Qualitative analysis of the current market.
3. Estimations for the forecast period 2033.
4. Historical data and forecast data.
5. Recent developments and trends in the market.   
6. Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
7. Covid-19 Impact analysis

Global Surgical Equipment Market Segmentation:

Based on Product Type:

• Surgical Scopes
• Laparoscopic Instrument
• Cutting Instrument
• Electrosurgical Instrument
• Handheld Instrument
• Others

Based on Application:

• Gynecology
• Urology
• Cardiology
• Neurology
• Orthopaedic
• Others

Based on End User:

• Ambulatory Surgery Centre
• Hospital and Clinics

Based on Region:

Asia-Pacific

• Japan
• China
• India
• Australia
• New Zealand
• Rest of Asia-Pacific

 

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy    
• Spain
• UK
• Rest of Europe

Rest of the World

Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.

Research Scope:

Report Scope	Details
Base Year	2023
Historical Years	2023 to 2033
Forecast Years	2019 to 2023
Market Size 2023	17.1 BN
Market Revenue 2033	37.9 BN
Growth Rate 2023- 2033	8.7%
Report Coverage	Trends, SWOT Analysis, Competitive Landscape, DROs, Revenue Forecast, PEST Analysis.
Segments Covered	Product Type, Application, End User, Region
Companies Mentioned	Medtronic Plc, Seaskymedical, Boston Scientific, Fresenius Medical Care, Philips, Johnson & Johnson, Zimmer Biomet Holdings Inc., Ethicon Inc., Stryker Corporation, 3M Company, GE Healthcare, Smith & Nephew plc, Aspen Surgical Product Inc., Healthium Ltd, Olympus Corporation, CONMED Corporation, Wells Plastic Ltd, Alcon Laboratories Inc, Meril Lifescience Corporation, Micron Biomedical
Customization	Yes

 

 

Regional Analysis:

North America has maintained its revenue share which was around 40%. The main reason for the expansion of this market in this region is high health expenditure, the good infrastructure of the healthcare system, and the large presence of giant manufacturers. In addition to this, a very well-developed technology along with growing medical device sectors are the primary drivers. U.S. is the largest contributor in the North American region due to the presence of giant manufacturing companies like GE Healthcare, 3M, Baxter, Danaher, etc.

Asia-Pacific is anticipated to become the fastest-growing market in the coming days. The rising geriatric population in this region is becoming the reason for the growth of this market. Also, countries like India and China are boosting this market due to growth in the plastic and reconstructive surgeries segment. Moreover, increasing government initiatives to improve healthcare infrastructure and high investment in the healthcare industry are projected to surgical equipment market to grow over the coming years. In Japan, rising incidence of Alzheimer’s disease, dementia, and Parkinson’s disease are also increasing the sales of surgical staplers, and other modern surgical equipment in this region.

Key questions answered by this report.

1. Top market players contributing to the revenue?
2. Trending strategies by the players?
3. Which region will be the leading one in the forecast period?
4. Factors that drive the Global Surgical Equipment Market?
5. Which factors will affect the Global Surgical EquipmentMarket?
6. How Covid-19 pandemic impact the growth of the Global Surgical Equipment Market?
7. Which Segment accounted for the Global Surgical Equipment Market shares?

 

Frequently Asked Questions (FAQ) :