Demand for Electrosurgical Devices Propels Surgical Equipment Market | Expected to Reach $59 Billion By 2032

The global surgical equipment market is experiencing substantial growth driven by advancements in medical technology and an increasing number of surgical procedures. Surgical equipment includes a wide range of instruments, devices, and tools used by healthcare professionals to perform surgical interventions. These surgical procedures can vary from minimally invasive surgeries to complex and invasive operations, and the demand for precise and efficient surgical equipment has been rising to ensure successful outcomes. The global surgical equipment market size was valued at $35.6 billion in 2022, and is projected to reach $59 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭:
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Major Key Market Players -

B. Braun SE,
Boston Scientific Corporation,
Integra LifeSciences Holdings Corporation,
Entrhal Medical GmbH,
Cousin Surgery, LLC,
Johnson & Johnson,
ConMed Corporation,
Fuhrmann GmbH,
KLS Martin Group,
Medtronic plc

The growth of the surgical equipment market is attributed to factors such as the increasing prevalence of chronic diseases, the growing aging population, and the rising demand for minimally invasive surgeries. The adoption of robotic-assisted surgical systems and the development of innovative surgical instruments are further propelling the market forward. As healthcare institutions continue to invest in state-of-the-art surgical technologies and equipment, the surgical equipment market is expected to witness sustained expansion in the coming years.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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Covid-19 scenario -

To meet the growing demand for highly qualified medical personnel for covid-19 patients, a large number of medical supplies have been distributed to covid-19 care branches. This, in turn, postponed the surgical activities. On the other hand, the scarcity of raw materials has affected the production of surgical equipment. Therefore, it has a negative impact on the global surgical equipment market. However, the global situation is gradually improving and the market is expected to return to its position soon.

By application, the market is segmented into neurosurgery, plastic and regenerative surgery, wound closure, urology, obstetrics and gynecology, thoracic surgery, microvascular, cardiovascular, orthopedic surgery, laparoscopy, optics, veterinary equipment, dental equipment and others. Orthopedic surgery is estimated to be the fastest growing application segment with a CAGR of 10.8% during the forecast period. This is due to the increase in the number of orthopedic surgeries in the world, due to the increase in the elderly and other injuries.

By region, North America dominated the surgical equipment market in 2019 and is expected to maintain this dominance during the forecast period. This is attributed to its improved health care system, the high acceptance of minimally invasive and laparoscopic surgical procedures, the increasing number of chronic diseases and related surgical procedures, and the rise of plastic surgery. and reconstructive surgeries and bariatric surgery. Similarly, the growth of the surgical equipment market in the European Union is driven by the increasing geriatric population and the high demand for minimally invasive surgery.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
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FREQUENTLY ASKED QUESTIONS?

Q1. What is the total market value of surgical equipment market report?

Q2. What is the market value of surgical equipment market in 2032?

Q3. What would be forecast period in the market report?

Q4. Which is base year calculated in the surgical equipment market report?

Q5. Which region have the largest share in the surgical equipment Market?

Q6. Which are the top companies to hold the market share in surgical equipment market?

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