Surgical Equipment Market is estimated to be US$ 31.98 billion by 2030 with a CAGR of 9.4% during the forecast period 2030

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Published Date: August 2022

Surgical Equipment Market accounted for US$ 13.1 billion in 2020 and is estimated to be US$ 31.98 billion by 2030 and is anticipated to register a CAGR of 9.4%. Surgical Equipment are the devices that are used by surgeons during surgical operation of patients. Number of surgical operation are increasing due to chronic diseases. Many different kinds of surgical equipment are invented which are designed for general use in all types of surgeries, while some instruments are designed for only specific surgical procedures. Scissors, Forceps are most commonly used surgical instrument. Every surgical equipment has its own specific role. Surgical Suction are used to clear fluids from unwanted surgical sites & unwanted blood. The equipment used in surgical operation are Dermatome, Curette, Electrical Cautery, Forceps, Kelly forceps, Kocher forceps, DeBakery forceps, Skin hook, Lancet, Needle holder, Laser scalpel, Scissors, Surgical elevator, Surgical tray, Tongue depressor, Trephine, Trocar, Vessel sealing device etc., Cutting surgical instruments, Grasping surgical instruments and Retracting surgical instruments are the three categories of surgical instruments.

The report “ Global Surgical Equipment Market, By Product (Mechanical Cutters, Dilators, Retractors, Surgical Suction, Surgical Visualization, Electrosurgical Devices) and Others, By Application (Orthodontists, Neurosurgeon, Urologists, Obstetrics, Gynaecologists, Orthopedic) and Others, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 “

Key Highlights:

In August 2022, US Healthcare fintech Nitra has announced US$62mn seed funding from investors including Andreessen Horowitz & New Enterprise Associates (NEA). Nitra is planning to roll out a Visa business card which will help to physicians to earn unlimited rewards on common expenditures like surgical supplies, medical device, office equipment & business related spending with no annual fee.
In April 2022, Honeywell recently announced the launch of Medical-Grade Biofibre which will help in improving visual aid during critical surgical procedures. The addition of coloured variety to the Spectra MG Bio portfolio includes the biomaterial that can be used by manufacturers to create stronger, lighter & smaller devices. The new fiber will help the healthcare professionals to operate more accurately. Thus, it will lead to greater safety, comfort for patients during surgical procedures.
In October 2021, Shanti Memorial Hospital launches Odisha’s first Robotic Surgery Centre of Excellence. The surgeon operates with higher magnification like 3D mode of dimension with the minute precision time, with ability to reach inaccessible & small operating spaces. Surgical site infection is reduced due to less contact of robotic instruments to the interior organs.

Analyst View:

Global Surgical Equipment Market is growing around the world, due to advance development in surgical devices. The rise in surgical operations has boost the target market growth, but similarly new trend of use of robotic surgery has been increasing which can somewhat affect the surgical equipment market. New research and development in manufacturing new cost effective and less painful surgical equipment are highly recommended to expect rise in surgical equipment market.

***Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on* “Global Surgical Equipment Market, By Product (Mechanical Cutters, Dilators, Retractors, Surgical Suction, Surgical Visualization, Electrosurgical Devices) and Others, By Application (Orthodontists, Neurosurgeon, Urologists, Obstetrics, Gynaecologists, Orthopedic) and Others, and *By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 “***

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Key Market Insights from the report:

Global Surgical Equipment Market accounted for US$ 13.1 billion in 2020 and is estimated to be US$ 31.98 billion by 2030 and is anticipated to register a CAGR of 9.4%. The Global Surgical Equipment Market is segmented based on Product, Application and Region.

Based on Product, Global Surgical Equipment Market is segmented into Mechanical Cutters, Dilators, Retractors, Surgical Suction, Surgical Visualization, Electrosurgical Devices and Others.
Based on Application, Global Surgical Equipment Market is segmented into Orthodontists, Neurosurgeon, Urologists, Obstetrics, Gynaecologists, Orthopedic and Others.
By Region, the Global Surgical Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Global Surgical Equipment Market:

The prominent players operating in the Global Surgical Equipment Market includes Aspen Surgical Products Inc., Micron Biomedical, Stryker Corporation, Abbott Laboratories, Medtronic plc., Olympus Corporation, Smith & Nephew plc., Becton Dickinson and Company, B. Braun Melsungen Ag, Boston Scientific Corporation, Cadence, Alcon Laboratories, Ethicon Inc., Johnson & Johnson and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period