Surgical Equipment Market Expanding Growth at a CAGR of 7.5% from 2021 to 2030: New Report Study

According to Report Study, the surgical equipment market size is expected to reach over US$ 18.7 billion by 2030 from at USD 9.3 billion in 2021, expanding growth at a CAGR of 7.5% from 2021 to 2030.

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Growth Factors

The global surgical equipment market is primarily driven by the increased demand for the surgeries owing to the rising prevalence of various chronic diseases among the population. According to the World Health Organization, around 32% of the global deaths were directly linked to the cardiovascular diseases in 2019.According to the International Agency for Research on Cancer, around 19.3 million new cancer cases and around 10 million cancer related deaths were reported in the year 2020, across the globe.

Further the growing geriatric population around the globe is fostering the demand for the surgical equipment as old age population is prone to the various chronic diseases. According to the Unite Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 ad this number is expected 2.1 billion by 2050. Moreover, the rising cases of sports injuries and road accidents is fueling the growth of the market. According to the Orthopedic Journal of Sports Medicine, the athletes in China showed higher rate of injuries as compared to the American athletes.

Report Highlights

• North America dominated the global surgical equipment market in 2020. The increased prevalence of various chronic diseases among the population and rapidly growing geriatric population are the major drivers of the surgical equipment market in North America. Moreover, rising awareness regarding the benefits of minimally invasive surgeries has significantly driven the consumption of surgical equipment. Further, the presence of developed healthcare infrastructure in the region fosters the growth of the surgical equipment market. , the presence of strong and developed healthcare infrastructure in the region benefits the market owing to the increased penetration of hospitals, clinics, and ambulatory services. The increased disposable income and rising healthcare expenditure is further expected to drive the market in the forthcoming years.
• Asia Pacific is estimated to be the most promising market during the forecast period. This is due to the rising prevalence of various chronic diseases among the population. Moreover, the increased number of road traffic accidents is boosting the growth of the surgical equipment market. According to the World Health Organization, around 93% of the global road accidents occur in low and middle income countries, and it is one of the major causes of death among the children and young adults.
• Based on the product, the electrosurgical devices segment is estimated to be the most opportunistic segment during the forecast period. This can be attributed to the rising popularity of the minimally invasive surgeries among the population. The minimally-invasive surgeries offers quick healing and reduces the time of hospital stay for the patients. The technological advancements and development of various electrosurgical equipment is expected to rapidly boost the growth of this segment.
• Based on the application, the obstetrics & gynecology segment dominated the global surgical equipment market in 2020, accounting for over 22% of the market share. The rising number of complications related o reproductive organs in female and complications related with pregnancy has fostered the growth of this segment. Moreover, the rising number of cesarean deliveries is also expected to boost the growth of this segment. The increasing penetration of private hospitals, clinics, and ambulatory units is further expected to drive the growth of the market during the forecast period.

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OBJECTIVES OF THE STUDY

• To analyze and forecast the Surgical Equipment market, in terms of value and volume
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To define, segment, and project the size of the global Surgical Equipment market on the product type, end-use and other segments
• To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
• To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To strategically profile key players and comprehensively analyze their core competencies
• To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Surgical Equipment market

Research Methodology

• Market estimate for 2021
• Average selling price (ASP) per region for specific product type
• Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
• Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
• National government documents, statistical databases
• News articles, press releases, and webcasts specific to companies operating in the market
• Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
• Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Surgical Equipment market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Segments Covered in the Report

By Product

• Surgical Sutures & Staplers
• Handheld Surgical Device
• Electrosurgical Devices

By Application

• Neurosurgery
• Wound Care
• Obstetrics & Gynecology
• Cardiovascular
• Orthopedic
• Plastic & Reconstructive Surgery
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Surgical Equipment Market 

5.1. COVID-19 Landscape: Surgical Equipment Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Surgical Equipment Market, By Product

8.1. Surgical Equipment Market, by Product Type, 2021-2030

8.1.1. Surgical Sutures & Staplers

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Handheld Surgical Device

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Electrosurgical Devices

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Surgical Equipment Market, By Application

9.1. Surgical Equipment Market, by Application, 2021-2030

9.1.1. Neurosurgery

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Wound Care

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Obstetrics & Gynecology

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Cardiovascular

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Orthopedic

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Plastic & Reconstructive Surgery

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Others

9.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Surgical Equipment Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. B Braun Melsungen AG

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Conmed Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Cadence

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Stryker Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Olympus Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Ethicon, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Micron Biomedical

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Alcon Laboratories

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Medtronic

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Aspen Surgical

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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