Surgical Equipment Market to Expand at 5.5% CAGR from 2022 to 2030; Dominated by Electric-Powered Equipment and Orthopedic Applications

The pioneering report recently published by Dataintelo reveals that the global Surgical Equipment market is projected to escalate at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. The robust growth in this market can be credited to mounting incidences of chronic maladies, the escalating population of the elderly, and a steep surge in technological advancements within the sector of surgical apparatus. Upon closer examination of equipment type, the electric-powered segment is poised to command the market throughout the forecast period, with a key factor being its superior advantages such as minimal noise disturbance and superior maneuverability. In assessing applications, orthopedic surgery is anticipated to clinch the largest share of the entire surgical equipment market during the 2022-2030 forecast stretch, which can be attributed to the swelling demand for minimally invasive operations

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/186303

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The surgical equipment market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Electric-Powered
● Battery-Powered
● Pneumatic-Powered

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Orthopedic
● ENT
● Cardiothoracic
● Neurology
● Ophthalmic
● Dental
● Plastic & Reconstructive
● Obstetrics & Gynecology
● Urology
● Oncology
● Wound Closure
● Others

𝐏𝐫𝐨𝐝𝐮𝐜𝐭
● Handheld Devices
● Electrosurgical Devices
● Surgical Sutures
● Staplers
● Others

𝐄𝐧𝐝 𝐔𝐬𝐞𝐫
● Hospitals
● Ambulatory Surgical Centers
● Clinics
● Diagnostic Centers
● Others

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Stryker
● Johnson & Johnson
● B. Braun
● Medtronic
● Conmed
● Smith & Nephew
● Zimmer Biomet
● De Soutter Medical
● Pro-Dex



Segment Analysis

The global surgical equipment market is divided into several segments based on type, application, product, end-user, and key players. By type, the market is categorized into electric-powered, battery-powered, and pneumatic-powered surgical equipment. These categories allow for a meticulous assessment of where demand is concentrated, informing the strategies of market participants. In terms of application, the market caters to numerous medical fields such as orthopedic, ENT, cardiothoracic, neurology, ophthalmology, dental, plastic & reconstructive, obstetrics & gynecology, urology, oncology, wound closure, and others. The diversity of applications indicates an extensive use of surgical equipment across different medical procedures. Another way the market is segmented is by product type, which includes handheld devices, electrosurgical devices, surgical sutures, staplers, and others. Recognizing these product types helps market observers understand the specific demands of healthcare providers. Meanwhile, end-users primarily comprise hospitals, ambulatory surgical centers, clinics, and diagnostic centers, which represents the direct market for surgical equipment sales.

Regional Analysis

When breaking down the market regionally, it encompasses the Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. This allows for a comprehensive geographical understanding of the surgical equipment market, contributing to an understanding of local dynamics, consumer preferences, and regulatory frameworks. North America is often observed to hold a significant share in the market due to the region's robust healthcare infrastructure and high healthcare expenditures. However, the Asia Pacific is likely to exhibit promising growth attributable to the rising prevalence of chronic diseases and improving healthcare facilities. Similarly, the European market is driven by the presence of advanced medical and healthcare infrastructure and growing health awareness among the population. The surgical equipment markets in Latin America, and the Middle East and Africa, though smaller in comparison, offer growth opportunities due to improving healthcare infrastructure and increasing investments in these regions. The segmentation by key players includes Stryker, Johnson & Johnson, B. Braun, Medtronic, Conmed, Smith & Nephew, Zimmer Biomet, De Soutter Medical, and Pro-Dex, among others, and offers a competitive understanding of the market landscape

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/186303

Market Drivers for Surgical Equipment Market:

1. Rise in Set of Diseases: The increase in the number of diseases that require surgical procedures such as cardiovascular diseases, neurological disorders, orthopedic conditions, and injuries is driving the surgical equipment market.

2. Growth in the Elderly Population: The rapidly aging global population is also causing a significant rise in the demand for surgical equipment. The elderly are more susceptible to chronic health conditions, thus triggering an increase in surgical procedures.

3. Technological Innovations: The introduction of technologically advanced surgical tools like robotic surgery equipment, laser devices, and 3D printing is offering enhanced precision and efficiency, thus driving the market growth.

4. Healthcare Expenditure: Increasing healthcare expenditure worldwide is also leading to better availability and accessibility of surgical equipment.

5. Global Disease Outbreaks: Outbreaks of diseases like COVID-19 have necessitated the need for advanced surgical equipment in hospitals for increased medical surgeries tied to the virus and other conditions.

Opportunities for Surgical Equipment Market:

1. Emerging Markets: Developing regions such as Asia-Pacific and Latin America, with their growing economies and healthcare infrastructures, represent significant growth opportunities for surgical equipment manufacturers.

2. Minimally Invasive Surgeries: The increasing preference for minimally invasive surgeries presents a great opportunity. Such surgical procedures require specialized equipment, thus boosting the market.

3. AI and Robotics: The integration of AI in surgical equipment provides surgeons with real-time imaging, predictive analytics, and training opportunities. The use of robotic surgical systems is another potential opportunity for growth.

4. Customized Implants: The rising demand for customized implants in orthopedic surgeries is another opportunity for players in the surgical equipment market. 3D printing technology has made this possible and is predicted to propel the market even further.

5. Medical Tourism: Countries like India, Thailand, and Malaysia are emerging as prominent destinations for medical tourism due to the availability of advanced healthcare facilities at a significantly lower cost. This poses a substantial opportunity for global expansion of the surgical equipment market

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