Surgical Equipment Market Insights:
The Surgical Equipment Market was analyzed which was worth USD 38.1 Billion in the year 2022, expecting a CAGR of 6.2% during the forecast period (2023-2030), and the market is projected to be valued at USD 61.65 Billion by 2030.
Driver:
The increased adoption of Surgical Equipment in the Medical Devices is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Surgical Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Surgical Equipment in many sectors also boosts the market growth during the forecast period.
Surgical equipment comprises various instruments, devices, and tools used in a surgical setting to perform medical procedures. These equipment include surgical tables for positioning patients, scalpels for making incisions, forceps for grasping and manipulating tissues, retractors for holding back tissues and organs, sutures for stitching wounds, surgical drills for making holes in bones, and laparoscopes for visualizing and accessing internal structures.
Surgical Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Surgical Sutures & Staplers (Surgical Sutures, Surgical Staplers), Handheld Surgical equipment (Forceps & Spatulas, Retractors, Dilators, Graspers), Electrosurgical Devices, Other surgical equipment (Surgical Hernia Mesh, Surgical Glue/Sealant & Hemostasis, Powered Surgical Instruments)), application (Neurosurgery, Plastic & Reconstructive Surgeries, Wound Closure, Urology, Obstetrics & Gynecology, Thoracic Surgery, Microvascular, Cardiovascular, Orthopedic Surgery, Laparoscopy, Ophthalmic application, Veterinary application, Dental application, Others), Category (Reusable Surgical Equipment, Disposable Surgical Equipment), and companies (B. Braun Melsungen Ag, Boston Scientific Corporation, Conmed Corporation, Cousin-Biotech, Entrhal Medical Gmbh, .Fuhrmann Gmbh, Integra Life Sciences Holdings Corporation, Johnson & Johnson, Kls Martin Group, Medtronic Plc, Novartis International Ag, Peters Surgical Sasu, Smith & Nephew Plc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.2%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 61.65 Billion |
| CAGR (2023-2030) | 6.2% |
| By Product | Surgical Sutures & Staplers (Surgical Sutures, Surgical Staplers), Handheld Surgical equipment (Forceps & Spatulas, Retractors, Dilators, Graspers), Electrosurgical Devices, Other surgical equipment (Surgical Hernia Mesh, Surgical Glue/Sealant & Hemostasis, Powered Surgical Instruments) |
| By Application | Neurosurgery, Plastic & Reconstructive Surgeries, Wound Closure, Urology, Obstetrics & Gynecology, Thoracic Surgery, Microvascular, Cardiovascular, Orthopedic Surgery, Laparoscopy, Ophthalmic application, Veterinary application, Dental application, Others |
| By Category | Reusable Surgical Equipment, Disposable Surgical Equipment |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | B. Braun Melsungen Ag, Boston Scientific Corporation, Conmed Corporation, Cousin-Biotech, Entrhal Medical Gmbh, .Fuhrmann Gmbh, Integra Life Sciences Holdings Corporation, Johnson & Johnson, Kls Martin Group, Medtronic Plc, Novartis International Ag, Peters Surgical Sasu, Smith & Nephew Plc |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Surgical Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
- Braun Melsungen Ag, Boston Scientific Corporation, Conmed Corporation, Cousin-Biotech, Entrhal Medical Gmbh, .Fuhrmann Gmbh, Integra Life Sciences Holdings Corporation, Johnson & Johnson, Kls Martin Group, Medtronic Plc, Novartis International Ag, Peters Surgical Sasu, Smith & Nephew Plc
Market Segment Analysis:
By Product
Surgical Sutures & Staplers
- Surgical Sutures
- Surgical Staplers
Handheld Surgical equipment
- Forceps & Spatulas
- Retractors
- Dilators
- Graspers
Electrosurgical Devices
Other surgical equipment
- Surgical Hernia Mesh
- Surgical Glue/Sealant & Hemostasis
- Powered Surgical Instruments
By Category
- Reusable Surgical Equipment
- Disposable Surgical Equipment
By Application
- Neurosurgery
- Plastic & Reconstructive Surgeries
- Wound Closure
- Urology
- Obstetrics & Gynecology
- Thoracic Surgery
- Microvascular
- Cardiovascular
- Orthopedic Surgery
- Laparoscopy
- Ophthalmic application
- Veterinary application
- Dental application
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Surgical Equipment industries in the region.
Key Surgical Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Surgical Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Surgical Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Surgical Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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