PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2076874
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2076874
The global surgical devices market is projected to reach USD 296.76 billion by 2031, growing from USD 188.74 billion in 2026, at a CAGR of 9.5% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2026-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD billion) |
| Segments | Product, Type, Procedure, End User, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
The growth of the surgical devices market is primarily driven by the rising prevalence of chronic diseases, increasing aging populations, and growing adoption of minimally invasive and robotic-assisted surgeries, which are increasing global surgical procedure volumes. Significant opportunities exist in the expansion of surgical robotics and rapidly growing ambulatory surgery centers, particularly in emerging markets. However, market growth is challenged by the high capital costs associated with advanced surgical technologies, long equipment replacement cycles, and shortages of skilled surgeons and technical personnel required to effectively operate sophisticated surgical systems and equipment.

"By product, the capital equipment segment is expected to grow at the highest CAGR in the surgical devices market during the forecast period."
By product, the surgical devices market includes implants, capital equipment, single-use consumables, surgical endoscopy equipment, reusable surgical instruments, and accessories & ancillary products. Among these, the capital equipment segment is expected to grow the fastest during the forecast period. This growth is driven by increasing adoption of surgical robotic systems, advanced imaging and navigation platforms, surgical visualization systems, operating room integration devices, and energy-based surgical technologies. Healthcare providers are investing in these technologies to improve surgical precision, procedural efficiency, patient outcomes, and minimally invasive surgery capabilities. The growing volume of complex surgical procedures, rising demand for robotic-assisted surgery, and expansion of digital operating rooms are further accelerating capital equipment adoption. Additionally, continuous technological advancements incorporating artificial intelligence, real-time imaging, and data analytics are encouraging hospitals to modernize surgical infrastructure, supporting the rapid growth of the capital equipment segment.
"By end user, the ambulatory surgery centers segment is expected to grow at the highest CAGR in the surgical devices market during the forecast period."
End users categorize the surgical devices market into hospitals, specialty clinics, ambulatory surgery centers, and other end users. Among these, the ambulatory surgery center segment is expected to grow at the highest CAGR in the surgical devices market during the forecast period. This is primarily due to the increasing shift of surgical procedures from hospitals to lower-cost outpatient settings. Advancements in minimally invasive surgery, robotic-assisted procedures, anesthesia techniques, and postoperative care have enabled a growing number of surgeries to be performed safely in ASCs. These facilities offer shorter patient wait times, reduced healthcare costs, faster recovery, and improved operational efficiency compared with traditional hospitals. Additionally, favorable reimbursement trends, increasing patient preference for outpatient care, and rising investments in specialized surgical infrastructure are further driving ASC adoption, supporting strong demand for surgical devices in this setting.
"Asia Pacific is expected to grow at the highest CAGR in the surgical devices market during the forecast period."
The surgical devices market is divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The Asia Pacific market is expected to experience the highest CAGR due to the region's large patient population, rapidly aging demographics, rising chronic disease burden, and expanding healthcare infrastructure. According to the Journal of the American Medical Directors Association (JAMDA), the prevalence of chronic diseases in China reached 81.1% in 2023, increasing demand for surgical interventions across cardiovascular, oncological, orthopedic, and neurological specialties. Additionally, Japan has one of the world's oldest populations, with more than 10% of its population aged 80 years or older, according to the World Economic Forum. Combined with increasing healthcare expenditure, growing adoption of minimally invasive and robotic-assisted surgeries, and improving access to advanced healthcare services, these factors are accelerating demand for surgical devices across the Asia Pacific region.
Prominent players in the surgical devices market include Medtronic (Ireland), Boston Scientific Corporation (US), B Braun SE (Germany), Johnson& Johnson (US), Stryker (US), Intuitive Surgical Operations, Inc. (US), CONMED Corporation (US), Olympus Corporation (Japan) Integra LifeSciences Corporation (US), Teleflex Incorporated (US), and among others.
Research Coverage
The report analyzes the surgical devices market and estimates its size and future growth potential across segments by product, type, procedure, end user, and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market by providing information on the closest approximations of revenue for the overall ostomy dressing market. This report will help stakeholders understand the competitive landscape and gain deeper insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key drivers, restraints, challenges, and opportunities.