Surgical Equipment Market Size is Valued at USD 12.36 Billion in 2023, and is Projected to Reach USD 35.52 Billion by 2032, Growing at a CAGR of 14.10% From 2024-2032.
The term " surgical equipment " describes the implements, apparatuses, and tools used during operations, and there is a sizable market for surgical equipment. Together with other non-sharp instruments like electrosurgical devices, it includes sharp instruments including scalpels, forceps, scissors, retractors, and suture carriers. This market is supported by factors such as the increasing number of surgeries performed, technological advancements that improve surgical accuracy and minimize invasiveness, and the growing popularity of ambulatory surgeries. The market is also impacted by the aging population, the emergence of chronic illnesses, and the growth of the healthcare infrastructure.
The development of technology, the rise in patients with chronic illnesses, and the aging population are the main drivers driving the growth of the surgical equipment market on a global scale. Thanks to technological advancements, surgeries can now be completed with tiny body incisions, which has several advantages including less post-operative complications, shorter hospital stays, and quicker recovery times. Moreover, an increase in the prevalence of chronic illnesses including cancer, neurological disorders, and cardiovascular diseases has raised the need for operations, which has supported the market's expansion.
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Leading players involved in the Surgical Equipment Market include:
Olympus Corporation (Japan), B. Braun Se (Germany), Erbe Elektromedizin Gmbh (Germany), Conmed Corporation (US), Meril Life Sciences Pvt. Ltd. (India), Frankenman International Ltd (China), Boston Scientific Corporation (US), Medtronic (Ireland), Zimmer Biomet (US), Aspen Surgical (US), Integra Lifesciences (US), Stryker (US), Medical Device Business Services, Inc. (US), Fuhrmann Gmbh (Germany), Geister Medizintechnik Gmbh (US) and Other Major Players.
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Segmentation of Surgical Equipment Market:
By Product
- Handheld Devices
- Surgical Sutures & Staplers
- Electrosurgical Devices
- Others
By Application
- Cardiovascular
- Neurology
- Gynecology
- General Surgery
- Others
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Taking Advantage of Development Potential, The Changing Scene in the Worldwide Surgical Equipment Industry
The following considerations suggest that the global market for surgical equipment will likely grow steadily in the foreseeable future. The rising demand for these products might be attributed to technological advancements in surgical instruments and equipment, such as robotic surgery systems, which are enhancing surgical accuracy and shortening recuperation times. Furthermore, the need for operations will continue to grow because to the aging population and the rise in chronic diseases around the world, which will expand the market.
By Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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- The report combines the essential historical data and analysis required for a comprehensive research report.
- This research report includes a Global Surgical Equipment Market overview, market share, demand and supply ratios, supply chain analysis and import/export details.
- The report provides information such as production values, strategies adopted by market players and the products/services they offer.
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