Surgical Equipment Market Analysis,Trends, and Forecasts 2022-2027 - Global Market is Projected to Grow by US$ 24.05 Billion

Published February 15, 2023

According to IMARC Group’s latest report, titled “Surgical Equipment: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the  global surgical equipment market size reached a value of US$ 16.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.05 Billion by 2027, exhibiting a (CAGR) of 6.70% during 2022-2027.

Surgical equipment represents devices or tools used during surgical procedures to get access to the various internal body parts and physically modify biological tissues. They mainly consist of surgical sutures and staplers, handheld tools, such as forceps, spatulas, retractors, graspers, etc., auxiliary instruments, cutter instruments, electrosurgical devices, and others. These surgical equipment are designed to help medical practitioners perform functions, which include grasping, cutting, holding, dissecting, retracting, suturing, etc., efficiently during several types of surgeries. Consequently, they find widespread applications in hospitals and ambulatory surgical centers across the globe.

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Surgical Equipment Market Trends:

The increasing incidences of numerous lifestyle and chronic diseases requiring surgery are among the key factors driving the surgical equipment market. In line with this, the expanding geriatric population across countries, which is highly susceptible to ocular, gastric, and intestinal disorders, is acting as another significant growth-inducing factor. Additionally, the escalating technological advancements in minimally invasive or MI and electronic robot-assisted surgeries are also positively influencing the global market. 

Besides this, the inflating investments in extensive research and development (R&D) activities focusing on introducing superior quality equipment that will ensure greater control, precision, and access in complex surgeries are further stimulating the market growth. Moreover, the rising number of gynecological surgeries, on account of the higher prevalence of female reproductive organ disorders and the increased rates of childbirths, and the growing hospital chains and healthcare infrastructural improvement, specifically in developing countries, owing to supportive policies by the government bodies are expected to bolster the surgical equipment market over the forecasted period.

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Surgical Equipment Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the surgical equipment market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Alcon,
  • B. Braun Melsungen AG
  • Becton Dickinson and Company
  • Boston Scientific Corporation
  • CONMED Corporation
  • Integra LifeSciences
  • Intuitive Surgical Inc.
  • Johnson & Johnson
  • Medtronic plc
  • Olympus Corporation
  • Smith & Nephew plc
  • Stryker Corporation
  • and Zimmer Biomet.

Key Market Segmentation:

The report has segmented the wheat starch market on the basis of product, category, application and end user.

Breakup by Product:

  • Surgical Sutures and Staplers
  • Handheld Surgical Equipment
    • Forceps and Spatulas
    • Retractors
    • Dilators
    • Graspers
    • Auxiliary Instruments
    • Cutter Instruments
  • Electrosurgical Devices
  • Others 

Breakup by Category:

  • Reusable Surgical Equipment
  • Disposable Surgical Equipment 

Breakup by Application:

  • Neurosurgery
  • Plastic and Reconstructive Surgery
  • Wound Closure
  • Obstetrics and Gynecology
  • Cardiovascular
  • Orthopedic
  • Others

Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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