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Surgical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • August 2022
  • Region: Global
  • IMARC Group
  • ID: 5642402
The global surgical equipment market reached a value of US$ 16.14 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 24.05 Billion by 2027, exhibiting a CAGR of 6.87% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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:

The publisher provides an analysis of the key trends in each sub-segment of the global surgical equipment market, along with forecasts at the global, regional and country level from 2022-2027. 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?
Frequently Asked Questions about the Global Surgical Equipment Market

What is the estimated value of the Global Surgical Equipment Market?

The Global Surgical Equipment Market was estimated to be valued at $16.14 Billion in 2021.

What is the growth rate of the Global Surgical Equipment Market?

The growth rate of the Global Surgical Equipment Market is 6.8%, with an estimated value of $24.05 Billion by 2027.

What is the forecasted size of the Global Surgical Equipment Market?

The Global Surgical Equipment Market is estimated to be worth $24.05 Billion by 2027.

Who are the key companies in the Global Surgical Equipment Market?

Key companies in the Global Surgical Equipment Market include Alcon, B. Braun Melsungen AG, Becton Dickinson, Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Intuitive Surgical Inc. and Medtronic plc.

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
10.2 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
10.3 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
10.4 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
10.5 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
List of Figures
Figure 1: Global: Surgical Equipment Market: Major Drivers and Challenges
Figure 2: Global: Surgical Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Surgical Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Surgical Equipment Market: Breakup by Product (in %), 2021
Figure 5: Global: Surgical Equipment Market: Breakup by Category (in %), 2021
Figure 6: Global: Surgical Equipment Market: Breakup by Application (in %), 2021
Figure 7: Global: Surgical Equipment Market: Breakup by End User (in %), 2021
Figure 8: Global: Surgical Equipment Market: Breakup by Region (in %), 2021
Figure 9: Global: Surgical Equipment (Surgical Sutures and Staplers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Surgical Equipment (Surgical Sutures and Staplers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Surgical Equipment (Handheld Surgical Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Surgical Equipment (Handheld Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Surgical Equipment (Electrosurgical Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Surgical Equipment (Electrosurgical Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Surgical Equipment (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Surgical Equipment (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Surgical Equipment (Reusable Surgical Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Surgical Equipment (Reusable Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Surgical Equipment (Disposable Surgical Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Surgical Equipment (Disposable Surgical Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Surgical Equipment (Neurosurgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Surgical Equipment (Neurosurgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Surgical Equipment (Plastic and Reconstructive Surgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Surgical Equipment (Plastic and Reconstructive Surgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Surgical Equipment (Wound Closure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Surgical Equipment (Wound Closure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Surgical Equipment (Obstetrics and Gynecology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Surgical Equipment (Obstetrics and Gynecology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Surgical Equipment (Cardiovascular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Surgical Equipment (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Surgical Equipment (Orthopedic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Surgical Equipment (Orthopedic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Surgical Equipment (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Surgical Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Surgical Equipment (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Surgical Equipment (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Surgical Equipment (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Surgical Equipment (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Surgical Equipment (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Surgical Equipment (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Surgical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Surgical Equipment Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Surgical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Surgical Equipment Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Surgical Equipment Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 4: Global: Surgical Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Surgical Equipment Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Surgical Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Surgical Equipment Market: Competitive Structure
Table 8: Global: Surgical Equipment Market: Key Players

Companies Mentioned

  • Alcon
  • B. Braun Melsungen AG
  • Becton Dickinson
  • Company
  • Boston Scientific Corporation
  • CONMED Corporation
  • Integra LifeSciences
  • Intuitive Surgical Inc.
  • Johnson & Johnson
  • Medtronic plc
  • Olympus Corporation
  • Smith & Nephew plc
  • Stryker Corporation
  • Zimmer Biomet.

Methodology

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