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Global Surgical Equipment Market Report and Forecast 2023-2031
Market Report I 2023-05-15 I 140 Pages I EMR Inc.
Global Surgical Equipment Market Report and Forecast 2023-2031
Global Surgical Equipment Market Outlook
The global surgical equipment market value in 2022 was USD 24 billion, driven by the increasing demand for minimally invasive surgeries across the globe. The market size is anticipated to grow at a CAGR of 7.5% during the forecast period of 2023-2031 to achieve a value of USD 46.2 billion by 2031.
Surgical Equipment Introduction
Surgical equipment refers to a wide range of tools, instruments, machines, and devices used during surgical procedures. These tools are used to perform a variety of functions, such as cutting, dissecting, retracting, suturing, and many others. Surgical equipment includes both disposable and non-disposable devices.
The global surgical equipment market is expected to grow at a significant rate due to increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and advancements in technology.
Surgical Equipment Market Scenario
The global surgical equipment market is expected to experience significant growth in the coming years. This growth can be attributed to various factors, including the increasing number of surgical procedures being performed, the growing demand for minimally invasive surgical procedures, and the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and orthopaedic conditions.
In addition, technological advancements in surgical equipment, such as the development of robot-assisted surgery, have also contributed to the growth of the market. These advanced technologies are not only more efficient but also provide improved accuracy and safety during surgical procedures.
Furthermore, the growing elderly population and the increasing healthcare expenditure in emerging economies are expected to create new opportunities for growth in the market. However, high costs associated with surgical procedures and equipment, as well as the lack of skilled professionals, may restrain the growth of the market to some extent.
Surgical Equipment Market Segments
Market Breakup by Product
- Surgical Sutures and Staplers
- Surgical Sutures
- Surgical Staplers
- Handheld Surgical Equipment
- Forceps and Spatulas
- Retractors
- Dilators
- Graspers
- Auxiliary Instruments
- Clamps
- Cannulas
- Cutter Instruments
- Trocars
- Lancets
- Scissors
- Ligating Clips
- Others
- Electrosurgical Devices
- Others
Market Breakup by Category
- Reusable Surgical Equipment
- Disposable Surgical Equipment
Market Breakup by Application
- Neurosurgery
- Plastic and Reconstructive Surgeries
- Wound Closure
- Urology
- Obstetrics and Gynecology
- Thoracic Surgery
- Microvascular
- Cardiovascular Surgery
- Orthopaedic Surgery
- Laparoscopy
- Ophthalmic application
- Veterinary application
- Dental application
- Others
Market Breakup by End User
- Hospitals & Clinics
- Ambulatory Surgical Centres
- Others
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Surgical Equipment Market
Some key trends in the surgical equipment market are:
- Increasing demand for minimally invasive surgeries: As patients seek less painful and quicker procedures with fewer complications and shorter hospital stays, there is a growing demand for surgical equipment that facilitates minimally invasive procedures.
- Advancements in robotic surgery: The market for surgical robots continues to grow, as they offer increased precision and improved patient outcomes in complex surgeries.
- Growing popularity of single-use devices: Disposable or single-use surgical instruments and devices are becoming increasingly popular due to concerns about cross-contamination and the need for sterilization.
- Increasing adoption of energy-based devices: There is a growing trend towards using energy-based devices in surgery, such as electrosurgical and ultrasonic devices, to achieve precise tissue cutting and hemostasis.
- Rise in the use of 3D printing technology: 3D printing technology is being used to create patient-specific surgical instruments and implants, leading to better surgical outcomes and reduced healthcare costs.
Surgical Equipment Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- B. Braun Melsungen AG
- CONMED Corporation
- Cadence Inc.
- Olympus Corporation
- Stryker
- Medtronic
- Boston Scientific Corporation?
- ENTRHAL MEDICAL GMBH
- Zimmer Biomet
- Aspen Surgical Products, Inc.
- Becton, Dickinson and Company
- Ethicon, Inc.
- Smith+Nephew
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Surgical Equipment Market Overview
3.1 Global Surgical Equipment Market Historical Value (2016-2022)
3.2 Global Surgical Equipment Market Forecast Value (2023-2031)
4 Global Surgical Equipment Market Landscape
4.1 Global Surgical Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Surgical Equipment Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Category
4.2.3 Analysis by Applications
4.2.4 Analysis by End User
5 Global Surgical Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter's Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Surgical Equipment Market Segmentation
6.1 Global Surgical Equipment Market by Product
6.1.1 Market Overview
6.1.2 Surgical Sutures and Staplers
6.1.2.1 Surgical Sutures
6.1.2.2 Surgical Staplers
6.1.3 Handheld Surgical Equipment
6.1.3.1 Forceps and Spatulas
6.1.3.2 Retractors
6.1.3.3 Dilators
6.1.3.4 Graspers
6.1.3.5 Auxiliary Instruments
6.1.3.5.1 Clamps
6.1.3.5.2 Cannulas
6.1.3.6 Cutter Instruments
6.1.3.6.1 Trocars
6.1.3.6.2 Lancets
6.1.3.6.3 Scissors
6.1.3.7 Ligating Clips
6.1.3.8 Others
6.1.4 Electrosurgical Devices
6.1.5 Others
6.2 Global Surgical Equipment Market by Category
6.2.1 Market Overview
6.2.2 Reusable Surgical Equipment
6.2.3 Disposable Surgical Equipment
6.3 Global Surgical Equipment Market by Application
6.3.1 Market Overview
6.3.2 Neurosurgery
6.3.3 Plastic and Reconstructive Surgeries
6.3.4 Wound Closure
6.3.5 Urology
6.3.6 Obstetrics and Gynecology
6.3.7 Thoracic Surgery
6.3.8 Microvascular
6.3.9 Cardiovascular Surgery
6.3.10 Orthopaedic Surgery
6.3.11 Laparoscopy
6.3.12 Ophthalmic application
6.3.13 Veterinary application
6.3.14 Dental application
6.3.15 Others
6.4 Global Surgical Equipment Market by End User
6.4.1 Market Overview
6.4.2 Hospitals & Clinics
6.4.3 Ambulatory Surgical Centres
6.4.4 Others
6.5 Global Surgical Equipment Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Surgical Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Surgical Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Surgical Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Surgical Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Surgical Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 B. Braun Melsungen AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 CONMED Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Cadence Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Olympus Corporation
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Stryker
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Medtronic
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Boston Scientific Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 ENTRHAL MEDICAL GMBH
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Zimmer Biomet
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Aspen Surgical Products, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Becton, Dickinson and Company
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Ethicon, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Smith+Nephew
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Surgical Equipment Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
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