Surgical Equipment Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Surgical Equipment Market By Product (Surgical Sutures & Staples, Handheld Surgical Equipment, and Electrosurgical Devices) By Category (Reusable Surgical Equipment and Disposable Surgical Equipment), and Application (Neurosurgery, Plastic & Reconstructive Surgeries, Wound Closure, Urology, Obstetrics & Gynecology, Thoracic Surgery, Microvascular Surgery, Cardiovascular Surgery, Orthopedic Surgery, Laparoscopy, and Others)  and Geography

 

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Report

Description

The global surgical equipment market is expected to be valued at US$ 9,783.8 million in market and growing at a CAGR of 7.0 % over the forecast period by 2028.  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 reconstructive surgery and rising demand for technologically advanced minimal invasive surgical procedure. This report gives 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. Moreover, PBI analyzed global surgical equipment market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global surgical equipment market. Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company. In July 2020, Dutch MedTech signed an agreement with Demcon of Enschede, the (medical) technology and device designer for the development of Switch, a precision surgical suturing system for abdominal wall closure (single patient use), suitable for enabling the ‘small bites’ technique.


Surgical Equipment Market

MARKET SUMMARY
-
7.0% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.0%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Surgical Equipment Market

  • Global surgical equipment market expanding at significant CAGR over 2022 to 2028 owing due to increasing number of road accidents
  • Based on region, North America accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market
Market Key Players
  • Becton, Dickinson and Company
  • Stryker Corporation
  • Braun Melsungen AG
  • Zimmer Biomet Holdings, Inc
  • Aspen Surgical Products, Inc.
  • Smith & Nephew plc
Drivers And Restraints

Surgical Equipment 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.


North-America got significant share

Surgical Equipment Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Surgical Equipment Market


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 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.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Surgical Equipment Market Introduction
    • Global Surgical Equipment Market – Taxonomy
    • Global Surgical Equipment Market –Definitions
      • Product Type
      • Category
      • Application
  1. Global Surgical Equipment Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Surgical Equipment Market Dynamic Factors – Impact Analysis
    • Global Surgical Equipment Market – Competition Landscape
  2. Global Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Surgical Equipment Market, By Product Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Surgical Sutures & Staples
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Handheld Surgical Equipment
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrosurgical Devices
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Surgical Equipment Market, By Category Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Reusable Surgical Equipment
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Disposable Surgical Equipment
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Surgical Equipment Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026
    • Neurosurgery
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Plastic & Reconstructive Surgeries
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wound Closure
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Urology
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Obstetrics & Gynecology
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Thoracic Surgery
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cardiovascular Surgery
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Microvascular Surgery
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopedic Surgery
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Laparoscopy
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Surgical Equipment Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, Application, and Region, 2020 – 2026
  2. North America Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Surgical Sutures & Staples
      • Handheld Surgical Equipment
      • Electrosurgical Devices
    • Category Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Reusable Surgical Equipment
      • Disposible Surgical Equipment
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Neurosurgery
      • Plastic & Reconstructive Surgeries
      • Wound Closure
      • Urology
      • Obstetrics & Gynecology
      • Thoracic Surgery
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, By Application, and Country, 2020 – 2026
    • North America Surgical Equipment Market Dynamics – Trends
  3. Europe Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Surgical Sutures & Staples
      • Handheld Surgical Equipment
      • Electrosurgical Devices
    • Category Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Reusable Surgical Equipment
      • Disposible Surgical Equipment
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Neurosurgery
      • Plastic & Reconstructive Surgeries
      • Wound Closure
      • Urology
      • Obstetrics & Gynecology
      • Thoracic Surgery
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, By Application, and Country, 2020 – 2026
    • Europe Surgical Equipment Market Dynamics – Trends
  4. Asia-Pacific Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Surgical Sutures & Staples
      • Handheld Surgical Equipment
      • Electrosurgical Devices
    • Category Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Reusable Surgical Equipment
      • Disposible Surgical Equipment
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Neurosurgery
      • Plastic & Reconstructive Surgeries
      • Wound Closure
      • Urology
      • Obstetrics & Gynecology
      • Thoracic Surgery
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, By Application, and Country, 2020 – 2026
    • Asia-Pacific Surgical Equipment Market Dynamics – Trends
  5. Latin America Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Surgical Sutures & Staples
      • Handheld Surgical Equipment
      • Electrosurgical Devices
    • Category Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Reusable Surgical Equipment
      • Disposible Surgical Equipment
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Neurosurgery
      • Plastic & Reconstructive Surgeries
      • Wound Closure
      • Urology
      • Obstetrics & Gynecology
      • Thoracic Surgery
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, By Application, and Country, 2020 – 2026
    • Latin America Surgical Equipment Market Dynamics – Trends
  6. Middle East and Africa Surgical Equipment Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Surgical Sutures & Staples
      • Handheld Surgical Equipment
      • Electrosurgical Devices
    • Category Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Reusable Surgical Equipment
      • Disposible Surgical Equipment
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Neurosurgery
      • Plastic & Reconstructive Surgeries
      • Wound Closure
      • Urology
      • Obstetrics & Gynecology
      • Thoracic Surgery
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Surgical Equipment Market – Opportunity Analysis Index, By Product Type, By Category, By Application, and Country, 2020 – 2026
    • MEA Surgical Equipment Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Becton, Dickinson and Company
      • Stryker Corporation
      • Braun Melsungen AG
      • Zimmer Biomet Holdings, Inc
      • Aspen Surgical Products, Inc.
      • Smith & Nephew plc
      • Medtronic
      • Alcon Laboratories, Inc.
      • Ethicon, Inc
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Becton, Dickinson and Company
  • Stryker Corporation
  • Braun Melsungen AG
  • Zimmer Biomet Holdings, Inc
  • Aspen Surgical Products, Inc.
  • Smith & Nephew plc
  • Medtronic
  • Alcon Laboratories, Inc.
  • Ethicon, Inc

Description

The global surgical equipment market is expected to be valued at US$ 9,783.8 million in market and growing at a CAGR of 7.0 % over the forecast period by 2028.  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 reconstructive surgery and rising demand for technologically advanced minimal invasive surgical procedure. This report gives 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. Moreover, PBI analyzed global surgical equipment market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global surgical equipment market. Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company. In July 2020, Dutch MedTech signed an agreement with Demcon of Enschede, the (medical) technology and device designer for the development of Switch, a precision surgical suturing system for abdominal wall closure (single patient use), suitable for enabling the ‘small bites’ technique.

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