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  

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.  

Surgical Equipment Market Key Developments:

• 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.