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Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Surgical Equipment Market By Product By Category, By Application and Geography
Surgical Equipment Market By Product By Category, By Application and Geography
Surgical Equipment Market size was valued at US$ 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 in the 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.
Study Period
2024-2030Base Year
2023CAGR
9.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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 market such devices are contribution is estimated US$ 14.8 Bn by the end of 2030.
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year. Key variable is the availability of skilled surgeons and technologically advanced surgical tools in the U.S., growing with encouraging reimbursement policies, approving regulatory framework, growth in geriatric population, and introduction of modern and innovative technologies. Europe dominate with the help of advanced healthcare system. Asia-Pacific is the fastest growing region in the global surgical equipment market, huge pool of patients, and increasing government support in the region
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 15.8 billion |
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Market CAGR |
9.2% |
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By Product |
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By Category |
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By Application |
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By Region |
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The global surgical equipment market size was valued at US$ 15.8 billion in 2023 and is projected to grow at a CAGR of 9.2% from 2024-2030.
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
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.