Market Overview:
The global surgical equipment/instruments market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in surgical equipment/instruments. Based on type, the global surgical equipment/instruments market is segmented into surgical sutures and staplers, handheld surgical devices, electrosurgical devices, and others. The handheld surgical devices segment is expected to grow at the highest CAGR during the forecast period owing to its growing demand for minimally invasive surgeries. Based on application, the global surgery equipment/instruments market is segmented into neurosurgery, plastic and reconstructive surgery wound closure obstetrics and gynecology cardiovascular orthopedic others). The neurosurgery segment is expected to grow at a high rate during the forecast period owing to increasing incidence of neurological disorders such as stroke & brain tumor globally.
Product Definition:
Surgical equipment is a general term for the tools that are used in surgery. This includes scalpels, scissors, clamps, and other instruments that are used to cut or hold tissue.
Surgical Sutures and Staplers:
Surgical sutures and staplers are used in surgical procedures to close or reinforce incisions. The growth factor for the usage of these instruments is mainly due to the rising number of surgeries globally, which has led to an increase in demand for surgical sutures & staplers. Moreover, technological advancements by market players such as Ethicon Endo-Surgery Inc., that offer advanced products with improved features are also responsible for driving growth.
Handheld Surgical Devices:
Handheld surgical devices are instruments that are used in surgery or during the post-surgery procedures. The market is segmented on the basis of product types into forceps, retractors, graspers, auxiliary instruments and others (scalpels, curettes). Auxiliary instrument held a significant share in 2014 owing to its wide range of applications such as boneetting and skinning. On the basis of end-use segments it includes hospitals & clinics and ambulatory surgical centers.
Application Insights:
The others segment includes general surgery, urology, thoracic surgery, and vascular surgeries. The demand for surgical instruments in the general surgery is anticipated to witness a growth rate of 5.4%, in terms of revenue during the forecast period owing to an increase in the prevalence of chronic diseases such as cancer and heart diseases which require surgical procedures for treatment.
According to WHO data published in 2018, cancer is one of the leading causes of death worldwide with more than 1 million deaths caused by it every year.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, high adoption rate of advanced devices, and increasing government initiatives to promote surgical procedures are some factors responsible for its large share. For instance, according to a study published in JAMA Surgery in 2015, colorectal cancer is the third most frequently diagnosed cancer; however only 5% of Americans undergoes surgery for it.
Asia Pacific region is expected to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising medical tourism especially due to low cost of surgeries performed here compared with North America & Europe.
Growth Factors:
- Technological advancements in surgical equipment/instruments that improve accuracy, efficiency and safety of surgeries.
- Increasing incidence of chronic diseases such as cancer, heart disease etc. which leads to an increase in the number of surgeries being performed annually.
- Rising demand for minimally invasive surgeries that require specialized surgical equipment/instruments.
- Growing popularity of robotic surgery which requires high-end surgical equipment/instruments for performing complex procedures accurately and safely .
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Equipment/Instruments Market Research Report
By Type
Surgical Sutures and Staplers, Handheld Surgical Devices, Electrosurgical Devices
By Application
Neurosurgery, Plastic and Reconstructive Surgery, Wound Closure, Obstetrics and Gynecology, Cardiovascular, Orthopedic, Others
By Companies
Zimmer Biomet Holdings, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Smith & Nephew plc, Stryker Corporation, Aspen Surgical Products, Inc., Ethicon, Inc., Medtronic, Alcon Laboratories, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Equipment/Instruments Market Report Segments:
The global Surgical Equipment/Instruments market is segmented on the basis of:
Types
Surgical Sutures and Staplers, Handheld Surgical Devices, Electrosurgical Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Neurosurgery, Plastic and Reconstructive Surgery, Wound Closure, Obstetrics and Gynecology, Cardiovascular, Orthopedic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zimmer Biomet Holdings, Inc.
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- Smith & Nephew plc
- Stryker Corporation
- Aspen Surgical Products, Inc.
- Ethicon, Inc.
- Medtronic
- Alcon Laboratories, Inc.
Highlights of The Surgical Equipment/Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surgical Sutures and Staplers
- Handheld Surgical Devices
- Electrosurgical Devices
- By Application:
- Neurosurgery
- Plastic and Reconstructive Surgery
- Wound Closure
- Obstetrics and Gynecology
- Cardiovascular
- Orthopedic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical Equipment/Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surgical equipment and instruments are any devices or tools used in surgery. This can include everything from scalpels to crutches.
Some of the key players operating in the surgical equipment/instruments market are Zimmer Biomet Holdings, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Smith & Nephew plc, Stryker Corporation, Aspen Surgical Products, Inc., Ethicon, Inc., Medtronic, Alcon Laboratories, Inc..
The surgical equipment/instruments market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surgical Equipment/Instruments Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surgical Equipment/Instruments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Equipment/Instruments Market - Supply Chain
4.5. Global Surgical Equipment/Instruments Market Forecast
4.5.1. Surgical Equipment/Instruments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Equipment/Instruments Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Equipment/Instruments Market Absolute $ Opportunity
5. Global Surgical Equipment/Instruments Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surgical Equipment/Instruments Market Size and Volume Forecast by Type
5.3.1. Surgical Sutures and Staplers
5.3.2. Handheld Surgical Devices
5.3.3. Electrosurgical Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Equipment/Instruments Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surgical Equipment/Instruments Market Size and Volume Forecast by Application
6.3.1. Neurosurgery
6.3.2. Plastic and Reconstructive Surgery
6.3.3. Wound Closure
6.3.4. Obstetrics and Gynecology
6.3.5. Cardiovascular
6.3.6. Orthopedic
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Equipment/Instruments Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surgical Equipment/Instruments Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surgical Equipment/Instruments Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surgical Equipment/Instruments Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surgical Equipment/Instruments Demand Share Forecast, 2019-2026
9. North America Surgical Equipment/Instruments Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surgical Equipment/Instruments Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surgical Equipment/Instruments Market Size and Volume Forecast by Application
9.4.1. Neurosurgery
9.4.2. Plastic and Reconstructive Surgery
9.4.3. Wound Closure
9.4.4. Obstetrics and Gynecology
9.4.5. Cardiovascular
9.4.6. Orthopedic
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Equipment/Instruments Market Size and Volume Forecast by Type
9.7.1. Surgical Sutures and Staplers
9.7.2. Handheld Surgical Devices
9.7.3. Electrosurgical Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surgical Equipment/Instruments Demand Share Forecast, 2019-2026
10. Latin America Surgical Equipment/Instruments Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surgical Equipment/Instruments Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surgical Equipment/Instruments Market Size and Volume Forecast by Application
10.4.1. Neurosurgery
10.4.2. Plastic and Reconstructive Surgery
10.4.3. Wound Closure
10.4.4. Obstetrics and Gynecology
10.4.5. Cardiovascular
10.4.6. Orthopedic
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Equipment/Instruments Market Size and Volume Forecast by Type
10.7.1. Surgical Sutures and Staplers
10.7.2. Handheld Surgical Devices
10.7.3. Electrosurgical Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surgical Equipment/Instruments Demand Share Forecast, 2019-2026
11. Europe Surgical Equipment/Instruments Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surgical Equipment/Instruments Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surgical Equipment/Instruments Market Size and Volume Forecast by Application
11.4.1. Neurosurgery
11.4.2. Plastic and Reconstructive Surgery
11.4.3. Wound Closure
11.4.4. Obstetrics and Gynecology
11.4.5. Cardiovascular
11.4.6. Orthopedic
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Equipment/Instruments Market Size and Volume Forecast by Type
11.7.1. Surgical Sutures and Staplers
11.7.2. Handheld Surgical Devices
11.7.3. Electrosurgical Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surgical Equipment/Instruments Demand Share, 2019-2026
12. Asia Pacific Surgical Equipment/Instruments Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surgical Equipment/Instruments Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surgical Equipment/Instruments Market Size and Volume Forecast by Application
12.4.1. Neurosurgery
12.4.2. Plastic and Reconstructive Surgery
12.4.3. Wound Closure
12.4.4. Obstetrics and Gynecology
12.4.5. Cardiovascular
12.4.6. Orthopedic
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Equipment/Instruments Market Size and Volume Forecast by Type
12.7.1. Surgical Sutures and Staplers
12.7.2. Handheld Surgical Devices
12.7.3. Electrosurgical Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surgical Equipment/Instruments Demand Share, 2019-2026
13. Middle East & Africa Surgical Equipment/Instruments Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surgical Equipment/Instruments Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surgical Equipment/Instruments Market Size and Volume Forecast by Application
13.4.1. Neurosurgery
13.4.2. Plastic and Reconstructive Surgery
13.4.3. Wound Closure
13.4.4. Obstetrics and Gynecology
13.4.5. Cardiovascular
13.4.6. Orthopedic
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Equipment/Instruments Market Size and Volume Forecast by Type
13.7.1. Surgical Sutures and Staplers
13.7.2. Handheld Surgical Devices
13.7.3. Electrosurgical Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surgical Equipment/Instruments Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Equipment/Instruments Market: Market Share Analysis
14.2. Surgical Equipment/Instruments Distributors and Customers
14.3. Surgical Equipment/Instruments Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Zimmer Biomet Holdings, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Becton, Dickinson and Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B. Braun Melsungen AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Smith & Nephew plc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stryker Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aspen Surgical Products, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ethicon, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Medtronic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Alcon Laboratories, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
