- Surgical Sutures & Staples
- Handheld Surgical Equipment
- Electrosurgical Devices
Surgical Equipment Market size was valued at USD 15.8 billion in 2022 and is poised to grow at a CAGR of 9.2% from 2023-29. 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. This report gives a comprehensive outlook on surgical equipment market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report gives historical, current, and future market sizes on the basis of product, category, application, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, this report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
2022 is the base year and 2029 is the forecast year.
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).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.