Surgical Equipment Market Size, Share & Trends Analysis Report By Product (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices), By Application, By Region, And Segment Forecasts, 2023 - 2032

Report Overview
The size of the global market for surgical equipment was estimated at USD 14.34 billion in 2021, and it is anticipated to increase at a CAGR of 9.3% from 2023 to 2032. The market is primarily being driven by factors like an ageing population, an increase in the incidence of lifestyle illnesses that ultimately require surgery, rising healthcare costs, and significant unmet surgical needs. Along with these factors, the market is anticipated to expand over the course of the forecast period due to growing technical advancements in minimally invasive surgeries, shorter hospital stays following surgery, and an increase in the number of ambulatory surgical centres.

The COVID-19 epidemic had a serious adverse effect on the industry. The market noticed a significant decline in the sales of medical supplies. The government-led limitations and lockdowns caused a significant breakdown in the supply chain. On the other hand, a number of surgeries and procedures were delayed due to a shift in healthcare priorities and as a preventative step to stop the virus's spread. As a result, there was a significant backlog in surgical operations, which had a negative impact on the market.

Product Insights
In 2021, the surgical sutures and staplers category held the majority of the market share in terms of revenue. This can be ascribed to the widespread use of sutures and staplers in wound closure techniques as well as their high adoption rate. Due to the benefits of staplers over sutures, the segment for staplers is anticipated to grow. This includes quick skin recovery and little chance of infection. The market is divided into electrosurgical devices, portable surgical devices, and surgical sutures and staplers based on the product.

However, during the forecast period, governmental initiatives and technological advancements will drive the suture segment's rise. For instance, Ethicon, Inc. stated in June 2021 that the National Institute for Health and Excellence (NICE) had issued new medical technology guidelines recommending the use of the company's plus sutures in surgeries within the National Health Service. Additionally, since sutures are the only sutures that provide antibacterial protection, this is done to prevent the increasing incidence of surgical site infections. During the forecast period, the electrosurgical devices segment is anticipated to expand at the fastest rate. This is because there is a growing need for these tools in minimally intrusive procedures. Advanced electrosurgical device development is being done by significant industry companies like Medtronic.

The Surgical Equipment market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Surgical Equipment market. On the basis of historic growth analysis and current scenario of Surgical Equipment market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Surgical Equipment market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of global Surgical Equipment market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Surgical Equipment market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Market Segmentations:
Global Surgical Equipment Market: Major Players
Medtronic
Zimmer Biomet
Pro-Dex
De Soutter Medical
Stryker
Johnson & Johnson
Conmed
Smith & Nephew
B. Braun

Global Surgical Equipment Market: Types
Electric-Powered
Battery-Powered
Pneumatic-Powered

Global Surgical Equipment Market: Applications
Orthopedic
ENT
Cardiothoracic
Neurology
Other

Global Surgical Equipment Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Surgical Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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Frequently Asked Questions About This Report
• How big is the surgical equipment market?
• What is the surgical equipment market growth?
• Which segment accounted for the largest surgical equipment market share?
• Who are the key players in the surgical equipment market?
• What are the factors driving the surgical equipment market?
• Which product segment in the surgical equipment market held maximum market share in 2020?
• Which application type in the surgical equipment market is anticipated to grow fastest in the forecast period?
• Which region is expected to register the fastest growth in the surgical equipment market in the forecast period?
• What has been one of the most notable developments in the surgical equipment market?

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