- Surgical Sutures & Staples
- Handheld Surgical Equipment
- Electrosurgical Devices
Surgical Equipment Market size was valued at USD 15.8 billion in 2023 and is poised to grow at a CAGR of 9.2% from 2024-2030. The major variables which act as drivers include rising prevalence & incidence of various chronic diseases and increasing ageing population which cause a demand in surgery and equipment to cut, coagulate, desiccate, and fulgurate the body tissues during the surgical procedures. There are few restrains which hung the global surgical equipment market, Stringent government regulations and lack of proper reimbursement for surgical equipment. A numerous opportunity is opened up for reconstructive surgery and rising demand for technologically advanced minimally invasive surgical procedure.
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It is noticed that the global surgical equipment market has a significant market growth rate on perspective of road accidents. According to the latest data from the Centers for Disease Control and Prevention, around 51 million inpatient surgical procedures were performed in the United States in 2010, followed closely by outpatient surgeries. Other surgical statistics for both in and outpatient procedures include: Hysterectomy: 498,000. Major of the road accident cases lead surgery, demand for single-handed surgical suturing devices is growing in the healthcare landscape. Which spontaneously boost the global surgical equipment market such devices are contribution is estimated US$ 14.8 Bn by the end of 2030.
The Surgical Equipment Market size was valued at USD 15.8 billion in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The Surgical Equipment Market Key Players are Aspen Surgical Products, Inc, Becton, Dickinson and Company, Stryker Corporation, Braun Melsungen AG, Zimmer Biomet Holdings, Inc