The Business Research Company’s report on the Surgical Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the surgical equipment industry?
The growing demand for minimally invasive surgery (MIS) will increase the demand for advanced surgical equipment. An MIS refers to any surgical procedure that requires minimal incisions as opposed to traditional or open surgery used for the same purpose. Preference for MIS procedures increased due to their multiple advantages, such as short healing and recovery times, minimal scarring, cost-effectiveness, minimal trauma and pain, and decreased risk of infections and complications. Medical technology innovations led to the development of advanced surgical equipment such as Da Vinci surgical systems, C-arm devices, and electrosurgical and power-assisted surgical equipment. These devices, which enable MIS, will drive the surgical equipment market during the forecast period.
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What is the estimated market size of the surgical equipment sector by 2029, based on current forecasts?
The surgical equipment market size has grown rapidly in recent years. It will grow from $34.38 billion in 2024 to $38.16 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to globalization of medical tourism, rise in ambulatory surgery centers, government investments in healthcare infrastructure, focus on infection control measures, training and education programs.
The surgical equipment market size is expected to see strong growth in the next few years. It will grow to $53.26 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increased demand for elective surgeries, focus on outpatient surgical care, global health crisis preparedness, patient-centric healthcare, focus on environmental sustainability, regulatory harmonization. Major trends in the forecast period include robot-assisted surgery advancements, augmented reality (AR) in surgery, remote and telesurgery, customized surgical instruments, smart implants and prosthetics.
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Who are the top players in the surgical equipment market?
Major companies operating in the surgical equipment market include Johnson & Johnson (J&J), Abbott Laboratories, Cousin Surgery LLC, 3M Company, Medtronic PLC, Becton Dickinson and Company, Philips, Stryker Corporation, GE Healthcare, Meril Life Science Pvt. Ltd, Boston Scientific Corporation, Alcon Laboratories Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Hoya Corporation, Ethicon Inc., Getinge Group, Integra LifeSciences Holdings Corporation, CONMED Corporation, KLS Martin Group, Aspen Surgical Products Inc., Frankenman International Limited, Fuhrmann GmbH, Entrhal Medical GmbH
What are the major trends in the surgical equipment market?
Major companies operating in the surgical equipment market are focused on developing innovative products, such as TrueDent resin, to increase their profitability in the market. TrueDent is an FDA-cleared (Class II) patented resin specifically designed for the 3D printing of dentures, temporary crowns, and bridges using the J5 DentaJet platform. For instance, in February 2023, Stratasys Ltd., a US-based additive manufacturer, launched TrueDent resin, which is the company’s first FDA-cleared medical device. TrueDent resin is a light-curing material engineered for 3D printing, primarily intended for producing aesthetically pleasing monolithic dentures along with temporary crowns and bridges using the J5 DentaJet platform. This resin facilitates the fabrication of precise and aesthetically pleasing full and partial dentures, ensuring patients receive dentures that fit well, maintain their form, and function effectively.
Which geography holds the highest surgical equipment market share?
North America was the largest region in the global surgical equipment market in 2024. Western Europe was the second-largest region in the global surgical equipment market. The regions covered in the surgical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the surgical equipment market?
The surgical equipment market covered in this report is segmented –
1) By Type: Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type Of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables
Subsegments:
1) By Surgical Sutures And Staples: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staples
2) By Handheld Surgical Devices And Equipment: Scalpels, Scissors, Forceps, Needle Holders
3) By Electrosurgical Devices And Equipment: Electrosurgical Generators, Electrosurgical Pens, Monopolar And Bipolar Electrodes
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What defines the structure and scope of the surgical equipment market?
Surgical equipment is a set of tools or devices that perform such functions as cutting, dissecting, grasping, holding, retracting, or suturing. Most surgical instruments are made of stainless steel.
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