Top Market Shifts Transforming the Surgical Equipment Market Landscape: Key Insights

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What Is the Expected CAGR for the Surgical Equipment Market Through 2025?
The market size for surgical equipment has seen significant expansion over the last few years. Predictions indicate an increase from $31.83 billion in 2024 to $34.66 billion in 2025, maintaining a compound annual growth rate (CAGR) of 8.9%. The past growth in this sector has been fuelled by aspects such as the globalization of medical tourism, an increase in ambulatory surgery centres, government financing towards healare infrastructure, emphasis on infection control strategies, and training and educational initiatives.

What's the Projected Size of the Global Surgical Equipment Market by 2029?
The market size for surgical equipment is projected to experience an impressive growth in the ensuing years, reaching $48.98 billion in 2029 with a CAGR of 9.0%. The upswing in this projected period can be ascribed to the surge in elective surgeries, emphasis on ambulatory surgical care, readiness for global health crises, patient-focused medical services, concentration on environmental sustainability, and regulatory harmonization. The forecasted period will also see significant trends such as the progression of robot-assisted surgeries, the use of augmented reality (AR) in operations, remote and telesurgeries, personalized surgical tools, and intelligent implants and prosthetics.

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Top Growth Drivers in the Surgical Equipment Industry: What's Accelerating the Market?
The burgeoning need for minimally invasive surgery (MIS) is projected to amplify the demand for cutting-edge surgical apparatus. MIS denotes any surgical operation that entails minimal cuts as an alternative to conventional or open surgery executed for similar objectives. The predilection towards MIS procedures has escalated due to numerous benefits they offer such as quick healing and recuperation times, inconspicuous scarring, cost efficiency, minimum trauma and discomfort, and reduced chances of infections and complexities. Innovations in the medical technology field have paved way for the conception of advanced surgical apparatus like the Da Vinci surgical systems, C-arm devices, and electrosurgical and power-enhanced surgical equipment. These devices, which facilitate MIS, are anticipated to stimulate the surgical equipment market in the foroming years.

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What Are the Key Trends Driving Surgical Equipment Market Growth?
In the surgical equipment market, renowned businesses are concentrating on the creation of novel products like TrueDent resin to boost their market earnings. TrueDent, which is a patented resin cleared by FDA (Class II), has been specifically crafted for 3D printing of things like dentures, temporary crowns, and bridges, primarily using the J5 DentaJet platform. For example, in February 2023, Stratasys Ltd., an additive fabrication company based in the USA, introduced TrueDent resin, marking their first FDA-approved medical device. This resin, which is a light-curing substance conceived for 3D printing, is mainly used to produce visually attractive monolithic dentures, in addition to temporary crowns and bridges, using the J5 DentaJet platform. TrueDent resin aids in the production of precise and visually appealing complete and partial dentures, guaranteeing that patients obtain dentures that are a good fit, retain their shape, and function properly.

What Are the Main 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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Which Top Companies are Driving Growth in the Surgical Equipment Market?
Major companies operating in the surgical equipment market include Johnson & Johnson (J&J), Abbott Laboratories, Cousin Surgery LLC, 3M Company, Medtronic PLC, Becton inson and Company, Philips, Stryker Corporation, GE Healare, 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

Which Regions Will Dominate the Surgical Equipment Market Through 2029?
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.

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