Surgical Equipment Market Analysis, Growth, Industry Trends
Surgical Equipment Market
Surgical Equipment Market size was valued at USD 14.2 Billion in 2022 and the total Surgical Equipment Market revenue is expected to grow at a CAGR of 8.6 % from 2023 to 2029, reaching nearly USD 21.4 Billion.
Surgical Equipment Market Overview
Market is a tool or apparatus used in surgery or other operations to accomplish out particular tasks or achieve desired results, including altering biological tissue. Various types of surgical instruments and equipment have been developed. While some surgical equipment is intended for use in a variety of surgical specialties or procedures, others are intended for general usage in all types of surgeries. Retractors, dilators, graspers, auxiliary instruments, cutters, retractors, scissors, sutures, electrosurgical devices, and other specialised tools and instruments needed for surgeries are some examples of this surgical equipment. A wide range of healthcare facilities, including as clinics, hospitals, and ambulatory surgical centres, are served by the surgical equipment market.
Surgical Equipment Market Report Scope and Research Methodology
The product type, applications, category, and geography are the segments used to analyse the worldwide surgical equipment market. With the aid of tabular and graphical representation, the report offers a thorough study of the segments and their sub-segments, giving investors a comprehensive understanding of the business. A thorough study of the global surgical equipment market’s size, share, growth, trends, cost structure, and statistical information is provided in this report.
The Surgical Equipment Market research includes a detailed analysis of the market along with information on the major players in the Surgical Equipment industry, including company profiles, revenue, product specifications, sales, price, and gross margin.
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Surgical Equipment Market Dynamics
Growing Requirement for Surgery to Expand Market for Surgical Equipment
Many factors have been identified as contributing to the rising demand for surgery. The main cause is the ageing population, which has increased the prevalence of chronic illnesses requiring surgical treatments. An additional factor contributing to the surgeries is the growing number of bariatric procedures as a result of rising obesity rates. Technological developments have also made it possible to execute increasingly complicated surgery, which has drawn in more patients. Furthermore, the increased demand for elective operations can be attributed to the growing acceptance and knowledge of cosmetic surgeries. The market for surgical equipment has been offering People now have greater access to and affordability for procedures thanks to advancements in the healthcare infrastructure and the availability of health insurance. These are the causes of the general rise in demand.
Surgical Equipment Market Segmentation
by Category
1. Reusable Surgical Equipment,
2. Disposable Surgical Equipment
According to categories, the majority of the revenue in the surgical equipment market is controlled by the disposable surgical equipment category. This is a result of the rising usage of disposable surgical equipment during procedures such as orthopaedic, exploratory, plastic, and reconstructive surgery, among others, and its growing popularity over time. When a medical facility obtains an instrument that has already been pre-sterilized, it saves money by not needing to undergo lengthy sterilisation procedures or decontamination. Furthermore, it is impossible to assess the cleanliness of an instrument once it has been used, cleaned, and stored. Disposable, single-use equipment ensures total traceability and the capacity to account for each inventory item. To avoid inconsistencies and issues, the lot number of every component may be traced back to a medical manufacturing plant.
by Application
1. Neurosurgery
2.Plastic & Reconstructive Surgeries
3. Wound Closure
4. Urology
5. Obstetrics & Gynecology
6. Thoracic Surgery
7. Microvascular
8. Cardiovascular
9. Orthopedic Surgery
10. Laparoscopy
11. Ophthalmic application
12.Veterinary application
13. Dental application
14. Other
The consumer category controls the surgical equipment market revenue based on applications. In 2022, the other segments had the highest revenue share-more than 25.0%. Due to the rising global birthrate and the abrupt increase in the prevalence of illnesses affecting the female reproductive system, which has resulted in a rise in gynaecological surgeries, the obstetrics and gynaecology segment held the second biggest share in 2022. The CDC research estimates that 1,243,882 cessation procedures were carried out in the United States in 2022. The market is divided into segments based on application, including neurosurgery, wound closure, obstetrics & gynaecology, cardiovascular, orthopaedic, and others.
by Material Type
1. stainless steel
2. titanium
3. ceramics
4. others.
by End-User 1. Hospitals,
2. Ambulatory Surgical Centers
3. Others
Surgical Equipment Market Key Players
1. B. Braun Melsungen Ag,
2. Boston Scientific Corporation,
3. Conmed Corporation,
4. Cousin-Biotech,
5. Entrhal Medical Gmbh,
6. Fuhrmann Gmbh,
7. Integra Life Sciences Holdings Corporation,
8. Johnson & Johnson,
9. Kls Martin Group,
10. Medtronic Plc,
11. Novartis International Ag,
12. Peters Surgical Sasu,
13. Smith & nephew plc
14. Olympus Corporation
15. Erbe Elektromedizin GmbH
16. Integra LifeSciences
17. Getinge AB
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Table of content for the Surgical Equipment Market includes:
Part 01: Executive Summary
Part 02: Scope of the Surgical Equipment Market Report
Part 03: Global Surgical Equipment Market Landscape
Part 04: Global Surgical Equipment Market Sizing
Part 05: Global Surgical Equipment Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The global Surgical Equipment market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Surgical Equipment Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Surgical Equipment to bolster military capabilities.
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