Surgical Equipment Market Report from 2023 To 2029, Application Scope, Growth Drivers, Insights, Market Report.


Posted December 8, 2023 by Divya_123

North America held the largest revenue share of over 35.0% in 2022.
 
Surgical Equipment Market size was valued at USD 14.2 Billion in 2022 and the total Surgical Equipment Market revenue is expected to grow at a CAGR of 8.6 % from 2023 to 2029, reaching nearly USD 21.4 Billion.

Surgical Equipment Market Overview:

Extensive Surgical Equipment Market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Surgical Equipment market.

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Market Scope:

This research on the Surgical Equipment industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Surgical Equipment utilizing internal and external private information, as well as relevant patent and regulatory sources.

Surgical Equipment Market Dynamics:

A strong, lightweight, and recyclable material is Surgical Equipment. Additionally, it is used to make materials for food packaging as well as consumer items like CD and DVD cases. It is a low-cost, high-strength plastic that may be recycled into materials for home building, used to insulate structures, and be made into sterile disposable cutlery. The market is anticipated to grow over the course of the projected period as a result of the expanding product application scope across various end-use sectors.

The market is being driven by the expanding end markets for Surgical Equipment, which include the electronics and construction sectors. The expansion of the Surgical Equipment market is being driven by the rising usage of expanded Surgical Equipment in building and insulation. The Surgical Equipment industry will benefit from the rising construction market.

Surgical Equipment Market Segmentation:

by Product

1. Surgical Sutures and Staplers
1. Surgical Sutures
2. Surgical Staplers


2. Handheld Surgical Devices
1. Forceps & Spatulas
2. Retractors
3. Dilators
4. Graspers
5. Auxiliary Instruments
6. Clamps
7. Cannulas
8. Cutter Instruments
9. Trocars
10. Lancets
11. Scissors


3. Electrosurgical Devices
4. Other surgical equipment
1. Surgical Hernia Mesh
2. Surgical Glue/Sealant & Hemostasis
3. Powered Surgical Equipment

According to Products, the surgical sutures and staplers category controls the majority of the revenue in the surgical equipment market. Due to the high adoption rate of sutures and staplers due to their growing use in wound closure operations, the surgical sutures and staplers segment led the market in 2022 with a revenue share of more than 52.0%. During the projection period, the portable surgical instruments sector is predicted to develop at a strong rate, holding a considerable revenue share in 2022. The category of handheld surgical equipment is further divided into cutting tools, auxiliary instruments, graspers, retractors, dilators, and forceps and spatulas, among other items.


by Category

1. Reusable Surgical Equipment,
2. Disposable Surgical Equipment

According to categories, the majority of the revenue in the surgical equipment market is controlled by the disposable surgical equipment category. This is a result of the rising usage of disposable surgical equipment during procedures such as orthopaedic, exploratory, plastic, and reconstructive surgery, among others, and its growing popularity over time. When a medical facility obtains an instrument that has already been pre-sterilized, it saves money by not needing to undergo lengthy sterilization procedures or decontamination. Furthermore, it is impossible to assess the cleanliness of an instrument once it has been used, cleaned, and stored. Disposable, single-use equipment ensures total traceability and the capacity to account for each inventory item. To avoid inconsistencies and issues, the lot number of every component may be traced back to a medical manufacturing plant.


by Application

1. Neurosurgery
2.Plastic & Reconstructive Surgeries
3. Wound Closure
4. Urology
5. Obstetrics & Gynecology
6. Thoracic Surgery
7. Microvascular
8. Cardiovascular
9. Orthopedic Surgery
10. Laparoscopy
11. Ophthalmic application
12.Veterinary application
13. Dental application
14. Other

The consumer category controls the surgical equipment market revenue based on applications. In 2022, the other segments had the highest revenue share—more than 25.0%. Due to the rising global birthrate and the abrupt increase in the prevalence of illnesses affecting the female reproductive system, which has resulted in a rise in gynecological surgeries, the obstetrics and gynecology category held the second biggest share in 2022. The CDC research estimates that 1,243,882 cessation procedures were carried out in the United States in 2022. The market is divided into segments based on application, including neurosurgery, wound closure, obstetrics & gynecology, cardiovascular, orthopaedic, and others.



by Material Type

1. stainless steel
2. titanium
3. ceramics
4. others.

Considering the content, The materials utilized in the equipment can also be used to segment the surgical equipment market. Ceramics, titanium, stainless steel, and other materials are the primary material-type sectors. The most widely utilized material is stainless steel because of its strength and ability to withstand corrosion. Because of its strength and biocompatibility, titanium is another material that is in demand. Because ceramics are biocompatible and resistant to wear and tear, they are utilized in surgical equipment. Surgical equipment composed of various materials is in demand based on the needs and preferences of medical experts. Generally speaking, producers are always enhancing their designs and materials to satisfy the changing demands of the medical field, which has led to a rising surgical equipment market.


by End-User

1. Hospitals,
2. Ambulatory Surgical Centers
3. Others


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Key Players:

A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Surgical Equipment business are...

1. B. Braun Melsungen Ag,
2. Boston Scientific Corporation,
3. Conmed Corporation,
4. Cousin-Biotech,
5. Entrhal Medical Gmbh,
6. Fuhrmann Gmbh,
7. Integra Life Sciences Holdings Corporation,
8. Johnson & Johnson,
9. Kls Martin Group,
10. Medtronic Plc,

Regional Analysis:

The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.

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COVID-19 Impact Analysis on Surgical Equipment Market:

The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.

Key Questions Answered in the Surgical Equipment Market Report are:

What will be the CAGR of the Surgical Equipment market during the forecast period?
Which segment emerged as the leading segment in the Surgical Equipment market?
Which are the prominent players in the Surgical Equipment market?
What will be the Surgical Equipment market size by 2027?
Which company held the largest share in the Surgical Equipment market?
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Last Updated December 8, 2023