Surgical Equipment Market: A $59 Billion Market for Precision Cuts, Growth and Trends

Surgical equipment refers to the various tools, instruments, and devices used by healthcare professionals such as surgeons, nurses, and other medical personnel during surgical procedures. Surgical equipment is designed to facilitate precise and controlled manipulation of tissues, organs, and structures during surgery. These tools are typically made from materials that are sterile, durable, and easy to clean. Surgical equipment plays a vital role in ensuring the safety and success of surgical procedures, enabling surgeons to perform precise and minimally invasive techniques, enhance visualization, and improve patient outcomes.

According to the report published by Allied Market Research, the global surgical equipment market size was valued at $35.6 billion in 2022, and is projected to reach $59 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

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What are the key trends in the Surgical Equipment Market report?

The major factor that fuels the growth of the Surgical Equipment Market includes increase in preference for robotic assisted surgery and surge in geriatric population.

Which is the most influencing segment growing in the Surgical Equipment Market report?

Electrosurgical Devices segment is the most influencing segment, owing to the inception of modern electronic technologies such as minimally invasive surgery equipment and robotic and power assisted systems primarily drive the growth of the market.

Value Propositions Related To The Report:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

Covid-19 Situation –

• To meet the growing need for qualified medical personnel for Covid-19 patients, large medical resources have been invested in the Covid-19 care unit. This, in turn, postponed the surgery.
• On the other hand, the shortage of equipment has affected the production of surgical equipment. Thus, affecting the global surgical equipment market.
• However, the global situation is slowly improving and the market should recover its position soon.

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The surgical equipment industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the surgical equipment market in 2022 and is expected to maintain its dominance during the surgical equipment market forecast period.

The laparoscopy surgery segment held the largest market share in 2022 and is expected to remain dominant throughout the forecast period, owing to its minimally invasive nature, shorter recovery times, and a wide range of applications across various medical specialties.

Major Key Market Players in the Industry –

• Medtronic plc,
• Braun SE,
• Entrhal Medical GmbH,
• Boston Scientific Corporation,
• ConMed Corporation,
• Integra LifeSciences Holdings Corporation,
• Cousin Surgery, LLC,
• Johnson & Johnson,
• KLS Martin Group,
• Fuhrmann GmbH

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Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

Important Questions Being Answered by This Market Report Are –

Q1. Which region have the largest share in the surgical equipment Market?

Q2. Which are the top companies to hold the market share in surgical equipment market?

Q3. What are the factors that drive the growth of surgical equipment market?

Q4. Which is the most influencing segment growing in the surgical equipment market report?

Key findings of the study –

• In June 2022, Ethicon, part of Johnson & Johnson MedTech, announced the U.S. launch of the ECHELON 3000 Stapler, a digitally enabled device that provides surgeons with simple, one-handed powered articulation to help address the unique needs of their patients.
• In April 2022, Ethicon, part of Johnson & Johnson MedTech, announced the launch of the ENSEAL X1 Straight Jaw Tissue Sealer, a new advanced bipolar energy device that cuts and transects, enables stronger sealing, and captures more tissue per bite.
• In June 2021, Ethicon, part of the Johnson & Johnson Medical Devices Companies announced the launch of the ENSEAL X1 Curved Jaw Tissue Sealer, a new advanced bipolar energy device that increases procedural efficiency.

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