The Surgical Equipment Market Set to Double by 2030: Key Drivers

◉ The global Surgical Equipment Market, valued at USD 13.04 billion in 2023, is projected to grow at a CAGR of 8.6%, reaching USD 23.24 billion by 2030. Key growth drivers include an aging population, increasing surgeries, and advancements in medical technology. Medtronic, Johnson & Johnson, and Stryker Corporation are major players. The highest demand for surgical equipment is expected in regions like North America, Europe, and Asia Pacific due to advances in healthcare infrastructure and rising surgical procedures.

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◉ Country-Specific Insights:

Surgical Equipment Growth Opportunities in Vietnam

Vietnam’s growing healthcare infrastructure and an increasing focus on improving medical services are fueling the demand for advanced surgical equipment. Rising numbers of surgeries in both public and private sectors have spurred the market.

Surgical Equipment Market Trends in Thailand

Thailand is positioning itself as a healthcare hub in Southeast Asia, with growing medical tourism. As more hospitals and clinics adopt advanced surgical technologies, the market for surgical equipment is experiencing substantial growth, particularly in minimally invasive devices.

Surgical Equipment Market Consolidation in Japan

Japan is witnessing consolidation in its surgical equipment market with mergers and acquisitions among leading companies like Stryker Corporation and Medtronic. The country’s strong healthcare system and demand for high-quality equipment provide a solid foundation for this trend.

Surgical Equipment Demand Growth in South Korea

South Korea’s state-of-the-art medical facilities and high healthcare spending are contributing to the rising demand for cutting-edge surgical equipment. The country’s growing preference for robotic surgery and minimally invasive procedures is driving the expansion of surgical equipment markets.

Surgical Equipment Updation in Singapore

Singapore leads the way in innovation, with healthcare providers increasingly adopting advanced surgical tools such as robotic surgery devices. The government’s emphasis on medical technology adoption creates a thriving environment for the surgical equipment market.

Surgical Equipment Market Opportunity in the US

The US, with its robust healthcare infrastructure, remains the largest market for surgical equipment. Technological advancements, including robotic-assisted surgeries, are a key driver of growth, with major companies like Medtronic and Johnson & Johnson leading innovation in this field.

Surgical Equipment Trends in China

China’s rapidly expanding healthcare sector, coupled with government initiatives to modernize medical facilities, is driving the demand for surgical equipment. As the country focuses on improving surgical outcomes and quality of care, equipment manufacturers are expanding their presence.

Surgical Equipment Growth in Europe

Europe’s strong healthcare systems and increasing geriatric population are fueling demand for surgical equipment, particularly in countries like Germany and France. The rise in surgical procedures, along with an aging population, will further enhance market prospects.

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◉ Key Recent Developments

Medtronic has expanded its portfolio with the acquisition of Mazor Robotics, a leader in robotic-assisted surgery technologies.

Stryker Corporation launched a new line of orthopedic surgical instruments designed to improve precision and patient outcomes.

In Europe, Johnson & Johnson has increased its research and development budget to focus on minimally invasive surgery solutions.

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◉ Surgical Equipment Market Segmentation

by Product

Surgical Sutures and Staplers

Handheld Surgical Devices

Electrosurgical Devices

Other surgical equipment

by Category

Reusable Surgical Equipment,

Disposable Surgical Equipment

by Application

Neurosurgery

Plastic & Reconstructive Surgeries

Wound Closure

Urology

Obstetrics & Gynecology

Thoracic Surgery

Microvascular

Cardiovascular

Orthopedic Surgery

Laparoscopy

Ophthalmic application

Veterinary application

Dental application

Other

by Material Type

stainless steel

titanium

ceramics

others.

by End-User

Hospitals,

Ambulatory Surgical Centers

Others

For deeper market insights, peruse the summary of the research report:

◉ 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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