The Surge In Minimally Invasive Surgery (MIS) Drives Demand For Advanced Surgical Equipment: An Emerging Driver Transforming The Surgical Equipment Market Landscape

The Surgical Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Surgical Equipment Market Size During the Forecast Period?
Recent years have seen a swift expansion in the surgical equipment market size. The market, which will be worth $34.38 billion in 2024, is projected to surge to $38.16 billion by 2025, marking an 11.0% compound annual growth rate (CAGR). This notable development during the historical period results from a combination of factors, including the globalization of medical tourism, an increase in outpatient surgery centers, public sector investment in healthcare structures, a dedication to managing infection, and initiatives centered around training and education.

In the coming years, the surgical equipment market size is envisaged to witness robust expansion, and is predicted to reach $53.26 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.7%. This growth during the forecast period could be due to a surge in demand for elective surgeries, emphasis on inpatient surgical care, readiness for worldwide health emergencies, patient-oriented healthcare services, prioritization of environmental sustainability, and regulatory harmonization. Predominant developments predicted during this period entail advancements in robot-assisted surgery, the application of augmented reality (AR) in surgical procedures, telesurgery and remote surgery techniques, personalized surgical tools, and intelligent prosthetics and implants.

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What Are the High-Growth Segments in the Surgical Equipment Market?
The surgical equipment market covered in this report is segmented -

1) By Type: Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type Of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables

Subsegments:
1) By Surgical Sutures And Staples: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staples
2) By Handheld Surgical Devices And Equipment: Scalpels, Scissors, Forceps, Needle Holders
3) By Electrosurgical Devices And Equipment: Electrosurgical Generators, Electrosurgical Pens, Monopolar And Bipolar Electrodes

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What Key Drivers Are Expected to Influence Future Surgical Equipment Market Growth?
The escalating need for less invasive surgical procedures is predicted to boost the need for sophisticated surgical tools. These minimally invasive surgeries are a type of procedure that calls for only minor incisions, standing as an alternative to traditional or open surgeries conducted for identical reasons. The growing predilection for these less invasive operations can be attributed to their numerous benefits including faster healing and recovery periods, negligible scar formation, financial feasibility, reduced trauma and discomfort, and a lower probability of infection and complications. The advent of pioneering medical technology has given rise to the invention of state-of-the-art surgical instruments such as Da Vinci surgical systems, C-arm devices, as well as electrosurgical and power-assisted surgical tools. These instruments, which facilitate minimally invasive surgery, are anticipated to shape the trajectory of the surgical equipment market in the forecast period.

Which Companies Hold the Largest Share Across Different Surgical Equipment Market Segments?
Major companies operating in the surgical equipment market include Johnson & Johnson (J&J), Abbott Laboratories, Cousin Surgery LLC, 3M Company, Medtronic PLC, Becton Dickinson and Company, Philips, Stryker Corporation, GE Healthcare, Meril Life Science Pvt. Ltd, Boston Scientific Corporation, Alcon Laboratories Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Hoya Corporation, Ethicon Inc., Getinge Group, Integra LifeSciences Holdings Corporation, CONMED Corporation, KLS Martin Group, Aspen Surgical Products Inc., Frankenman International Limited, Fuhrmann GmbH, Entrhal Medical GmbH

What Trends Are Driving Growth in The Surgical Equipment Market?
Key players in the surgical equipment market, such as Stratasys Ltd., are introducing innovative products like the TrueDent resin that enhance their profitability. TrueDent, a patented resin developed for 3D printing of dentures, temporary crowns, and bridges, is approved by the FDA (Class II). In February 2023, this resin that was engineered specifically for 3D printing was launched by the US-based additive manufacturer, Stratasys Ltd., marking its first FDA-approved medical device. The J5 DentaJet platform uses TrueDent resin to create aesthetically pleasing monolithic dentures, as well as temporary bridges and crowns. This unique resin ensures the production of accurate, visually appealing full and partial dentures that not only fit superbly but also retain their shape and function efficiently.

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What Are the Emerging Geographies for The Surgical Equipment Market Growth?
North America was the largest region in the global surgical equipment market in 2024. Western Europe was the second-largest region in the global surgical equipment market. The regions covered in the surgical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surgical Equipment Market?
2. What is the CAGR expected in the Surgical Equipment Market?
3. What Are the Key Innovations Transforming the Surgical Equipment Industry?
4. Which Region Is Leading the Surgical Equipment Market?

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