Surgical Equipment Market Size, Price, Trends, Report and Forecast Period Of 2021-2026

Surgical Equipment Market
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The new report by Expert Market Research titled, ‘Global Surgical Equipment Market Share, Report and Forecast 2021-2026’, gives an in-depth analysis global surgical equipment market assessing the market based on product, category, application, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 34.9 Billion
  • Forecast CAGR (2021-2026): 5.7%
  • Forecast Market Size (2026): USD 49.8 Billion

The surgical equipment market is primarily driven by an increase in the number of surgical operations because of sports injuries, accidents, and cardiac surgeries as a result of the increased prevalence of cardiovascular illnesses and other chronic ailments for which surgery is recommended as a treatment option.

Due to the delay in surgical services caused by the COVID-19 epidemic, demand for surgical equipment has decreased. The surgical equipment industry is expected to be stifled by infections associated to the equipment used, as well as a rigorous regulatory environment.

Industry Definition and Major Segments

Surgical equipment is a collection of instruments that help with the physical alteration of biological tissue or the provision of access to the interior organs. The advent of new electronic technologies such as minimally invasive surgery equipment, robotic and power-assisted systems is driving the surgical equipment industry.

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The classification of the market on the basis of product are:

  • 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

By category, the market is divided into:

  • Reusable Surgical Equipment
  • Disposable Surgical Equipment

Market can be classified on the basis of its application as:

  • 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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

Electrosurgical instruments is projected to have the largest market share by product due to the growth in the number of operations performed globally and their extensive usage in all sorts of procedures. However, the worldwide market for manual handheld surgical equipment is expected to decline throughout the projected period due to a shift in consumer preferences from traditional (invasive) to minimally invasive surgeries. The electrosurgical devices market is the fastest growing due to increased demand for less invasive surgeries and technological developments.

The cardiology category is predicted to hold the largest market share. An increase in the frequency of coronary and percutaneous cardiology procedures, as well as increasing awareness of the advantages of early detection of cardiovascular diseases, can be attributed to the factors.

North America is expected to lead the market growth over the forecast. This is due to an increase in the number of senior patients, as well as a bigger patient population and more surgical operations. Surgical equipment is used in gynecology, abdominal surgeries, cardiothoracic and orthopedic treatments, and other specialties. Furthermore, due to increased healthcare infrastructure and an increasing senior population, Asia Pacific is expected to be the fastest-growing surgical equipment market in the world.

Key Market Players

The major players in the market are B. Braun Melsungen AG, CONMED Corporation, Cadence Inc., Olympus Corporation, Stryker Corporation, Medtronic plc and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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Contact Person: Louis Wane, Corporate Sales Specialist – U.S.A.
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