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

Report Code: PMI490422 | Publish Date: October 2023 | No. of Pages: 170

Surgical Equipment Market Overview

Surgical Equipment is a device used to perform specific actions during surgical procedures by surgeon. The surgical equipment allows to open the soft tissue, dissect and isolate the lesion, and removing abnormal structures. Surgical instruments includes, surgical blades, knives, scissors, forceps, scalpels. The surgical equipment are used in surgeries like oral & maxillofacial surgery, ophthalmic surgery, pediatric surgery, neurological surgeries, urologic surgery, cardio-thoracic surgery, robot assisted surgery etc. Common surgical instruments used by surgeons are scissors, scalpel, forceps, clamps, needles and suture, suction, staplers & clips, energy systems, retractors, laparoscopic instruments. The surgical instruments are made up of cobalt chrome, stainless steel or titanium. The Global Surgical Equipment Market size 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 Market Dynamics

 

                          Rise in chronic disease, surgical operations and rate of urbanization

Rise in demand for electrosurgical devices during minimally invasive surgery procedures plays a driving factor in surgical equipment market. Increase in chronic diseases like diabetes, cancer, heart disease, kidney disease, respiratory disease, injuries has given rise in surgical operations, surgical operations requires surgical instruments which will boost the target market. Increase in population and rate of urbanization has led to change in living life of people like unhealthy lifestyle, unhealthy food, lack of exercise, excess use of alcohol, tobacco which causes number of chronic diseases. According to data (PubMed Central, 2020), 50% of the U.S. population is affected with chronic diseases.

However, the growth in chronic disease and surgical operations has boosts the demand for surgical equipment.

                                                        Technological advancement

Manufactures involved in surgical equipment market are developing advanced versions of their products due to new age technological advancements that carry out surgical operations. The use  of newly technology has improved the surgical practices. The newly technology includes 3D visualization, teleoperation, computer-assisted manipulation and robotics surgery. For instance, May 2022. Surgical instruments manufacturer launches a new green initiative. The surgical manufacturer Surgical Holdings has launched a new company-wide green initiative that helps to reduce both NH’s carbon footprint. It requires 50% less energy to renovate a surgical instrument rather than to replace it.

Restrains:

However, trends in the use of robotic surgery for common surgical procedures will somewhat restrain the surgical equipment market growth.

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Surgical Equipment Market Segmentation

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Surgical Equipment Market is segmented based on Product, Application, and Region.

On the basis of Product, the Global Surgical Equipment Market is segmented into Mechanical Cutters, Dilators, Retractors, Surgical Suction, Surgical Visualization, Electrosurgical Devices and Others. On the basis of Application, the target market is classified into Orthodontists, Neurosurgeon, Urologists, Obstetrics, Gynaecologists, Orthopedic and Others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Surgical Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific market is predicted to have a relatively high revenue share over the forecast period due to population increase, notably in nations like China and India, and technological advancements. Additionally, it is anticipated that as industrial corridors spread out across the region, demand for surgical equipment would increase.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 to 2030

Market Segmentation

By Product -  Mechanical Cutters, Dilators, Retractors, Surgical Suction, Surgical Visualization, Electrosurgical Devices and other

By Application – Orthodontists, Neurosurgeon, Urologists, Obstetrics, Gynaecologists, Orthopedic and other

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Surgical Equipment Market report based on Product, Application, and Region:

Global Surgical Equipment Market, By Product:

  • Mechanical Cutters
  • Dilators
  • Retractors
  • Surgical Suction
  • Surgical Visualization
  • Electrosurgical Devices
  • Others

Global Surgical Equipment Market, By Application:

  • Orthodontists
  • Neurosurgeon
  • Urologists
  • Obstetrics
  • Gynaecologists
  • Orthopedic
  • Others

Global Surgical Equipment Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Surgical Equipment Market Key Players

The key players operating 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. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2022, Abbott’s new spinal cord stimulation device has been approved by FDA which provides relief to multiple pain areas and add treatment to multisite location.

Surgical Equipment Market Company Profile

  • Abbott*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aspen Surgical Products Inc.,
  • Micron Biomedical
  • Stryker Corporation
  • 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
  • Others

 “*” marked represents similar segmentation in other categories in the respective section

Related Reports:

Surgical Equipment Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Surgical Equipment Market, By Product
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Mechanical Cutters
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Dilators
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Retractors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Surgical Suction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Surgical Visualization
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Electrosurgical Devices
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Surgical Equipment Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview                                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Orthodontists
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Neurosurgeon
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Urologists
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Obstetrics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Gynaecologists
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Orthopedic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Surgical Equipment Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • Aspen Surgical Products Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Micron Biomedical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Stryker Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Abbott Laboratories
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medtronic plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Olympus Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith & Nephew plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Becton Dickinson and Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • B. Braun Melsungen Ag
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boston Scientific Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cadence
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alcon Laboratories
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ethicon Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Johnson & Johnson 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Others
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Surgical Equipment Market is segmented into basis of on product, application, and region.

Rise in demand for electrosurgical devices during minimally invasive surgery procedures plays a driving factor in surgical equipment market.

By region, The Asia-Pacific market is predicted to have a relatively high revenue share over the forecast period due to population increase, notably in nations like China and India, and technological advancements.

The Key players operating in the 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