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PUBLISHER: IMARC | PRODUCT CODE: 1370436
PUBLISHER: IMARC | PRODUCT CODE: 1370436
Surgical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global surgical equipment market size reached US$ 17.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.58% during 2023-2028.
Surgical equipment refers to a device or tool used during surgical procedures to gain access to the internal parts of the body and physically modify biological tissues. Designed to perform functions such as grasping, holding, cutting, dissecting, retracting, or suturing, the most common types of surgical equipment include hand instruments, electrosurgical devices, auxiliary instruments, and closure devices. Surgical equipment pieces are typically composed of stainless steel, aluminum, carbon steel, and titanium. They are available in a wide range of sizes and are cleaned and sterilized before performing surgery. The majority of surgical instruments are designed to be used during all types of surgeries, while other instruments are specifically designed to treat specific conditions. As a result, these pieces of equipment are extensively utilized in numerous surgeries, such as cardiovascular, orthopedic, neurological, oral, cosmetic, gastric surgeries and cesarean deliveries.
Surgical Equipment Market Trends:
The market is primarily driven by the rising incidences of lifestyle diseases requiring surgery. In addition to this, continual technological advancements in minimally invasive (MI) and electronic robot-assisted surgeries are fueling the market growth. Moreover, the growing geriatric population that is highly susceptible to developing numerous health conditions, such as ocular, gastric and intestinal disorders, is also providing an impetus to the market. Apart from this, extensive research and development (R&D) focusing on greater control, access, and precision in complex surgeries are offering lucrative growth opportunities for the key market players. Furthermore, expanding hospital chains and ambulatory surgical centers across the globe is creating a positive outlook for the market. Some of the other factors that are providing a boost to the market include the escalating healthcare expenditure and favorable government initiatives supporting continual developments in the hospital infrastructure.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global surgical equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, category, application and end user.
Breakup by Product:
Surgical Sutures and Staplers
Handheld Surgical Equipment
Forceps and Spatulas
Retractors
Dilators
Graspers
Auxiliary Instruments
Cutter Instruments
Electrosurgical Devices
Others
Breakup by Category:
Reusable Surgical Equipment
Disposable Surgical Equipment
Breakup by Application:
Neurosurgery
Plastic and Reconstructive Surgery
Wound Closure
Obstetrics and Gynecology
Cardiovascular
Orthopedic
Others
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcon, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Intuitive Surgical Inc., Johnson & Johnson, Medtronic plc, Olympus Corporation, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.
Key Questions Answered in This Report:
- How has the global surgical equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global surgical equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the category?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global surgical equipment market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5855
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Surgical Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Surgical Sutures and Staplers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Handheld Surgical Equipment
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Forceps and Spatulas
- 6.2.2.2 Retractors
- 6.2.2.3 Dilators
- 6.2.2.4 Graspers
- 6.2.2.5 Auxiliary Instruments
- 6.2.2.6 Cutter Instruments
- 6.2.3 Market Forecast
- 6.3 Electrosurgical Devices
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Category
- 7.1 Reusable Surgical Equipment
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Disposable Surgical Equipment
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Neurosurgery
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Plastic and Reconstructive Surgery
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Wound Closure
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Obstetrics and Gynecology
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Cardiovascular
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Orthopedic
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by End User
- 9.1 Hospitals
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Ambulatory Surgical Centers
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Alcon
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 B. Braun Melsungen AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 SWOT Analysis
- 15.3.3 Becton Dickinson and Company
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Boston Scientific Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 CONMED Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Integra LifeSciences
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Intuitive Surgical Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Johnson & Johnson
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Medtronic plc
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Olympus Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Smith & Nephew plc
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Stryker Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 Zimmer Biomet
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.1 Alcon
Product Code: SR112023A5855
List of Figures
- Figure 1: Global: Surgical Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Surgical Equipment Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Surgical Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Surgical Equipment Market: Breakup by Product (in %), 2022
- Figure 5: Global: Surgical Equipment Market: Breakup by Category (in %), 2022
- Figure 6: Global: Surgical Equipment Market: Breakup by Application (in %), 2022
- Figure 7: Global: Surgical Equipment Market: Breakup by End User (in %), 2022
- Figure 8: Global: Surgical Equipment Market: Breakup by Region (in %), 2022
- Figure 9: Global: Surgical Equipment (Surgical Sutures and Staplers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Surgical Equipment (Surgical Sutures and Staplers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Surgical Equipment (Handheld Surgical Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Surgical Equipment (Handheld Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Surgical Equipment (Electrosurgical Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Surgical Equipment (Electrosurgical Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Surgical Equipment (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Surgical Equipment (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Surgical Equipment (Reusable Surgical Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Surgical Equipment (Reusable Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Surgical Equipment (Disposable Surgical Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Surgical Equipment (Disposable Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Surgical Equipment (Neurosurgery) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Surgical Equipment (Neurosurgery) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Surgical Equipment (Plastic and Reconstructive Surgery) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Surgical Equipment (Plastic and Reconstructive Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Surgical Equipment (Wound Closure) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Surgical Equipment (Wound Closure) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Surgical Equipment (Obstetrics and Gynecology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Surgical Equipment (Obstetrics and Gynecology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Surgical Equipment (Cardiovascular) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Surgical Equipment (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Surgical Equipment (Orthopedic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Surgical Equipment (Orthopedic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Surgical Equipment (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Surgical Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Surgical Equipment (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Surgical Equipment (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Surgical Equipment (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Surgical Equipment (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Surgical Equipment (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Surgical Equipment (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: North America: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: North America: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United States: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United States: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Canada: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Canada: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Asia-Pacific: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Asia-Pacific: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: China: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: China: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Japan: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Japan: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: India: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: India: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: South Korea: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: South Korea: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Australia: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Australia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Indonesia: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Indonesia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Europe: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Europe: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Germany: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Germany: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: France: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: France: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: United Kingdom: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: United Kingdom: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Italy: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Italy: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Spain: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Spain: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Russia: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Russia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Latin America: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Latin America: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Brazil: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Brazil: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Mexico: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Mexico: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Others: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Middle East and Africa: Surgical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Middle East and Africa: Surgical Equipment Market: Breakup by Country (in %), 2022
- Figure 89: Middle East and Africa: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Global: Surgical Equipment Industry: SWOT Analysis
- Figure 91: Global: Surgical Equipment Industry: Value Chain Analysis
- Figure 92: Global: Surgical Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Surgical Equipment Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Surgical Equipment Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Surgical Equipment Market Forecast: Breakup by Category (in Million US$), 2023-2028
- Table 4: Global: Surgical Equipment Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Surgical Equipment Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Surgical Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Surgical Equipment Market: Competitive Structure
- Table 8: Global: Surgical Equipment Market: Key Players
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