Surgical Equipment Market - 2022-Growth Strategy, Top Trends And Business Opportunity

Shibuya-ku, Tokyo, Japan, Japan, Mar 23, 2022, 06:09 /Comserve / -- Surgical Equipment Market - Report 2022-2031 Trends, Top Manufacturers Analysis

The global surgical equipment market is likely to cross $11 billion, growing at a CAGR of 7.9% during 2016–2022. Although the surgical procedures worldwide is a primary driving factors of the market, the launch of advanced surgical equipment both in traditional as well as electrosurgical segment will drive the market. The market is likely to witness a shift from traditional surgical sutures and staples to hand-held electrosurgical equipment. The plastic and reconstructive application segment is expected to grow at a rapid pace. North America to remain as the largest market.

Report Timeline
• Base Year: 2016
• Forecast Year: 2017–2022

Major Vendors included in the report are as follows:
• Medtronic
• Stryker
• CONMED
• Johnson & Johnson
• Zimmer Biomet

Other prominent vendors are 3M, Adeor Surgical Instruments, Arthrex, Aygun, B. Braun Melsungen, Ceterix Orthopaedics, Changzhou Haida Medical Equipment, Collin Medical, DACH Medical, De Soutter Medical, Dextera Surgical, Golden Stapler Surgical, Grena, In’Tech Medical, Karl Storz, Incisive Surgical, KLS Martin, Lotus Surgical, MEDACTA, MedicMicro, MicroAire, Nouvag, OsteoMed, Purple Surgical, Reach Surgical, Siemens Healthcare, Smith & Nephew, Stars Medical Devices, Surgical Holdings, Teleflex Medical, Waston Medical.

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Scope of the Report
The report considers the present scenario of the global surgical equipment market and its dynamic for the period 2017–2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
The market size is arrived at by summing up the surgical equipment based on their product type. The sales of major vendors were aggregated to arrive at an estimate of the market size in terms of revenues. An estimated 85–90% of the surgical equipment capacities are mapped and considered in the calculations.
The report takes into consideration the sale of surgical equipment and spares to the first buyers from various end-user segments, including individuals, hospitals, medical centers, and commercial clients. The sale of both straight and curved equipment was considered across various sales channels, including direct sales – online and offline. The market research report provides the details of the market size in the following segments:

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Product Type
• Surgical sutures and stapling devices
• Hand-held
o Dilator
o Forceps and spatulas
o Retractors
o Cutter
o Auxiliary instruments and graspers
• Electrosurgical equipment

Application
• Obstetrics and gynecology
• Orthopedics
• Thoracic
• Plastic and reconstructive
• Wound closure
• Neurology

End-users
• Hospitals
• ASCs
• Clinics

Major Geographies
• APAC
• Europe
• Latin America
• MEA
• North America

Key Countries
• Australia
• Brazil
• Canada
• China
• France
• Germany
• India
• Italy
• Japan
• Mexico
• Spain
• UK
• US

The global surgical equipment market is likely to cross $11 billion, growing at a CAGR of 7.9% during 2016–2022. The demand is majorly driven due to increased chronic disorders requiring surgery. Also increased usage of advanced surgical stapling devices in surgery is likely to attribute to the market growth.

The report provides a holistic view of the global surgical equipment market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further the report also provides complete value chain analysis of the global market.

Surgical Equipment Market Dynamics
Introduction of robotic surgery driving the demand

The growing demand for aesthetic and cosmetic surgery equipment, increasing mergers and acquisitions, and product innovations are the emerging trends that are going to boost the market during the forecast period. Further, the increased need for robotic surgery will drive the demand for surgical instruments.
Along with the increasing volume of surgical procedures, increasing popularity of minimally invasive procedures and growing need for surgical power tools are expected to fuel the market growth.
Increasing complications associated with the use of surgical equipment may hinder the growth prospects in the market.

Surgical equipment Market: Segmental Overview
Electrosurgical equipment to grow at a rate of 8.06%

The sutures and staples segment will continue to dominate the market in 2022. The electrosurgical equipment and hand-held surgical devices segments are expected to grow at a rate of 8.06% and 7.60%, respectively during the forecast period. Hospitals are key end-users that greatly influence market growth. The increasing incidence of gynecology disorders is expected to fuel the market growth, as the adoption is more in obstetrics. The plastic and reconstructive segment is expected to grow at a faster pace due to increasing demand for aesthetic and cosmetic surgeries worldwide.

Surgical Equipment Market: Geographical Analysis
North America to be the largest market

The surgical equipment market in North America is projected to grow at a steady pace during the forecast period due to increased adoption of technologically advanced surgical systems. The US and Canada, being the two strong economies globally, is currently witnessing the maximum number of product launches. North America is followed by Europe. APAC and Latin America stand next to the European market.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Lauren Brown

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