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Surgical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices); By Type; By Application; By Region; Segment Forecast, 2024 - 2032

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  • Aspen Surgical(US)
  • B. Braun SE(Germany)
  • BD(US)
  • GPC Medical(US)
  • IndoSurgicals Private Limited(India)
  • Johnson & Johnson(US)
  • Medtronic(Ireland)
  • Smith+Nephew(England)
  • Stryker(US)
  • Zimmer Biomet(US)
LSH 24.05.31

The global surgical equipment market size is expected to reach USD 32.96 billion by 2032, according to a new study by Polaris Market Research. The report "Surgical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices); By Type; By Application; By Region; Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The surgical equipment is in demand with the rising prevalence of healthcare problems that require surgery as a treatment procedure. In some of the health conditions, such as orthopedics, neurosurgery, plastic surgery, gynecology and others, doctors conduct surgeries. Based on the Yale Medicine statistics, around 3 million Americans have implanted pacemakers, and about 70% of them are elderly adults. As more people witness the disease, there will be a significant demand for surgical equipment in the global marketplace.

The growing incidence of bone-related health issues is one of the major factors driving surgery rates around the world. According to the Centers for Medicare and Medicaid Services, knee and hip replacement surgeries are expected to grow by 139% and 176%, respectively, by 2040. Furthermore, aesthetic surgeries are witnessing significant demand among the Gen Z population (people born between 1990 and 2000). According to the International Society of Aesthetic Plastic Surgery Report 2023, the number of people receiving aesthetic surgery treatment has increased by 41.3% in the past four years.

The increasing number of obesity cases, followed by obesity-linked chronic health issues, is making patients prefer bariatric surgeries. According to the KD Hospital in Ahmedabad, India, 20% of all surgeries account for obesity in 18-20 year-old adults.

The growing utilization of advanced technologies in the healthcare industry is showcasing enormous potential for the surgical equipment market due to its potential to promote safety, precision, and convenience. For instance, in September 2023, Jerome Canady Research Institute for Advanced and Biological Technological Sciences and U.S. Medical Innovation launched a new Canady Robotic AI Surgical System. Additionally, in April 2023, Perlove Medical unveiled its latest orthopaedic surgery robot.

Surgical Equipment Market Report Highlights

Surgical sutures and staplers' segment is anticipated to witness the highest growth in the coming years due to increased chronic wounds driven by diabetics.

Disposable segment accounted for the largest market share owing to its ease of use, affordability, and lower need for maintenance.

Radiology and urology segment is projected to experience a larger revenue share due to the rising number of kidney stones and brain tumors.

APAC is projected to register the fastest growth during the forecast period, attributable to the increasing chronic kidney health problems.

The global players include Aspen Surgical, B. Braun SE, BD, GPC Medical, IndoSurgicals Private Limited, Johnson & Johnson, Medtronic, & Stryker

Polaris Market Research has segmented the surgical equipment market report based on product, type, application, and region:

Surgical Equipment, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Surgical Sutures & Staplers
  • Handheld Surgical Devices
  • Forceps & Spatulas
  • Retractors
  • Dilators
  • Graspers
  • Auxiliary Instruments
  • Cutter Instruments
  • Others
  • Electrosurgical Devices

Surgical Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Reusable
  • Disposable

Surgical Equipment, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Neurosurgery
  • Plastic & Reconstructive Surgery
  • Wound Closure
  • Obstetrics & Gynecology
  • Cardiovascular
  • Orthopedic
  • Radiology and Urology
  • Others

Surgical Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Table of Contents

1. Introduction

  • 1.1. Report Description
    • 1.1.1. Objectives of the Study
    • 1.1.2. Market Scope
    • 1.1.3. Assumptions
  • 1.2. Stakeholders

2. Executive Summary

  • 2.1. Market Highlights

3. Research Methodology

  • 3.1. Overview
    • 3.1.1. Data Mining
  • 3.2. Data Sources
    • 3.2.1. Primary Sources
    • 3.2.2. Secondary Sources

4. Global Surgical Equipment Market Insights

  • 4.1. Surgical Equipment Market - Type Snapshot
  • 4.2. Surgical Equipment Market Dynamics
    • 4.2.1. Drivers and Opportunities
      • 4.2.1.1. Rising use of surgical robots
      • 4.2.1.2. Increasing funding from governments
    • 4.2.2. Restraints and Challenges
      • 4.2.2.1. Higher costs of surgeries are likely to impede market growth
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers (Moderate)
    • 4.3.2. Threats of New Entrants: (Low)
    • 4.3.3. Bargaining Power of Buyers (Moderate)
    • 4.3.4. Threat of Substitute (Moderate)
    • 4.3.5. Rivalry among existing firms (High)
  • 4.4. PESTEL Analysis
  • 4.5. Surgical Equipment Market Type Trends
  • 4.6. Value Chain Analysis
  • 4.7. COVID-19 Impact Analysis

5. Global Surgical Equipment Market, by Product

  • 5.1. Key Findings
  • 5.2. Introduction
    • 5.2.1. Global Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
  • 5.3. Surgical Sutures & Staplers
    • 5.3.1. Global Surgical Equipment Market, by Surgical Sutures & Staplers, by Region, 2019-2032 (USD Billion)
  • 5.4. Handheld Surgical Devices
    • 5.4.1. Global Surgical Equipment Market, by Handheld Surgical Devices, by Region, 2019-2032 (USD Billion)
  • 5.5. Electrosurgical Devices
    • 5.5.1. Global Surgical Equipment Market, by Electrosurgical Devices, by Region, 2019-2032 (USD Billion)

6. Global Surgical Equipment Market, by Application

  • 6.1. Key Findings
  • 6.2. Introduction
    • 6.2.1. Global Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
  • 6.3. Neurosurgery
    • 6.3.1. Global Surgical Equipment Market, by Neurosurgery, by Region, 2019-2032 (USD Billion)
  • 6.4. Plastic & Reconstructive Surgery
    • 6.4.1. Global Surgical Equipment Market, by Plastic & Reconstructive Surgery, by Region, 2019-2032 (USD Billion)
  • 6.5. Wound Closure
    • 6.5.1. Global Surgical Equipment Market, by Wound Closure, by Region, 2019-2032 (USD Billion)
  • 6.6. Obstetrics & Gynecology
    • 6.6.1. Global Surgical Equipment Market, by Obstetrics & Gynecology, by Region, 2019-2032 (USD Billion)
  • 6.7. Cardiovascular
    • 6.7.1. Global Surgical Equipment Market, by Cardiovascular, by Region, 2019-2032 (USD Billion)
  • 6.8. Orthopedic
    • 6.8.1. Global Surgical Equipment Market, by Orthopedic, by Region, 2019-2032 (USD Billion)
  • 6.9. Radiology and Urology
    • 6.9.1. Global Surgical Equipment Market, by Radiology and Urology, by Region, 2019-2032 (USD Billion)
  • 6.10. Other general surgeries
    • 6.10.1. Global Surgical Equipment Market, by Other general surgeries, by Region, 2019-2032 (USD Billion)

7. Global Surgical Equipment Market, by Type

  • 7.1. Key Findings
  • 7.2. Introduction
    • 7.2.1. Global Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
  • 7.3. Reusable
    • 7.3.1. Global Surgical Equipment Market, by Reusable, By Region, 2019-2032 (USD Billion)
  • 7.4. Disposable
    • 7.4.1. Global Surgical Equipment Market, by Disposable, By Region, 2019-2032 (USD Billion)

8. Global Surgical Equipment Market, by Geography

  • 8.1. Key findings
  • 8.2. Introduction
    • 8.2.1. Surgical Equipment Market Assessment, By Geography, 2019-2032 (USD Billion)
  • 8.3. Surgical Equipment Market - North America
    • 8.3.1. North America: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
    • 8.3.2. North America: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
    • 8.3.3. North America: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.3.4. Surgical Equipment Market - U.S.
      • 8.3.4.1. U.S.: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.3.4.2. U.S.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.3.4.3. U.S.: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.3.5. Surgical Equipment Market - Canada
      • 8.3.5.1. Canada: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.3.5.2. Canada.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.3.5.3. Canada: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
  • 8.4. Surgical Equipment Market - Europe
    • 8.4.1. Europe: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
    • 8.4.2. Europe.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
    • 8.4.3. Europe: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.4. Surgical Equipment Market - UK
      • 8.4.4.1. UK: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.4.2. UK.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.4.3. UK: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.5. Surgical Equipment Market - France
      • 8.4.5.1. France: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.5.2. France.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.5.3. France: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.6. Surgical Equipment Market - Germany
      • 8.4.6.1. Germany: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.6.2. Germany.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.6.3. Germany: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.7. Surgical Equipment Market - Italy
      • 8.4.7.1. Italy: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.7.2. Italy.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.7.3. Italy: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.8. Surgical Equipment Market - Spain
      • 8.4.8.1. Spain: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.8.2. Spain.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.8.3. Spain: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.9. Surgical Equipment Market - Netherlands
      • 8.4.9.1. Netherlands: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.9.2. Netherlands.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.9.3. Netherlands: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.4.10. Surgical Equipment Market - Russia
      • 8.4.10.1. Russia: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.4.10.2. Russia.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.4.10.3. Russia: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
  • 8.5. Surgical Equipment Market - Asia Pacific
    • 8.5.1. Asia Pacific: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
    • 8.5.2. Asia Pacific.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
    • 8.5.3. Asia Pacific: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.4. Surgical Equipment Market - China
      • 8.5.4.1. China: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.4.2. China.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.4.3. China: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.5. Surgical Equipment Market - India
      • 8.5.5.1. India: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.5.2. India.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.5.3. India: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.6. Surgical Equipment Market - Malaysia
      • 8.5.6.1. Malaysia: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.6.2. Malaysia.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.6.3. Malaysia: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.7. Surgical Equipment Market - Japan
      • 8.5.7.1. Japan: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.7.2. Japan.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.7.3. Japan: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.8. Surgical Equipment Market - Indonesia
      • 8.5.8.1. Indonesia: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.8.2. Indonesia.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.8.3. Indonesia: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.5.9. Surgical Equipment Market - South Korea
      • 8.5.9.1. South Korea: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.5.9.2. South Korea.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.5.9.3. South Korea: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
  • 8.6. Surgical Equipment Market - Middle East & Africa
    • 8.6.1. Middle East & Africa: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
    • 8.6.2. Middle East & Africa.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
    • 8.6.3. Middle East & Africa: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.6.4. Surgical Equipment Market - Saudi Arabia
      • 8.6.4.1. Saudi Arabia: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.6.4.2. Saudi Arabia.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.6.4.3. Saudi Arabia: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.6.5. Surgical Equipment Market - UAE
      • 8.6.5.1. UAE: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.6.5.2. UAE.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.6.5.3. UAE: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.6.6. Surgical Equipment Market - Israel
      • 8.6.6.1. Israel: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.6.6.2. Israel.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.6.6.3. Israel: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.6.7. Surgical Equipment Market - South Africa
      • 8.6.7.1. South Africa: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.6.7.2. South Africa.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.6.7.3. South Africa: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
  • 8.7. Surgical Equipment Market - Latin America
    • 8.7.1. Latin America: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
    • 8.7.2. Latin America.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
    • 8.7.3. Latin America: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.7.4. Surgical Equipment Market - Mexico
      • 8.7.4.1. Mexico: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.7.4.2. Mexico.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.7.4.3. Mexico: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.7.5. Surgical Equipment Market - Brazil
      • 8.7.5.1. Brazil: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.7.5.2. Brazil.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.7.5.3. Brazil: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)
    • 8.7.6. Surgical Equipment Market - Argentina
      • 8.7.6.1. Argentina: Surgical Equipment Market, by Product, 2019-2032 (USD Billion)
      • 8.7.6.2. Argentina.: Surgical Equipment Market, by Type, 2019-2032 (USD Billion)
      • 8.7.6.3. Argentina: Surgical Equipment Market, by Application, 2019-2032 (USD Billion)

9. Competitive Landscape

  • 9.1. Expansion and Acquisition Analysis
    • 9.1.1. Expansion
    • 9.1.2. Acquisitions
  • 9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

  • 10.1. Aspen Surgical (US)
    • 10.1.1. Company Overview
    • 10.1.2. Financial Performance
    • 10.1.3. Product Benchmarking
    • 10.1.4. Recent Development
  • 10.2. B. Braun SE (Germany)
    • 10.2.1. Company Overview
    • 10.2.2. Financial Performance
    • 10.2.3. Product Benchmarking
    • 10.2.4. Recent Development
  • 10.3. BD (US)
    • 10.3.1. Company Overview
    • 10.3.2. Financial Performance
    • 10.3.3. Product Benchmarking
    • 10.3.4. Recent Development
  • 10.4. GPC Medical (US)
    • 10.4.1. Company Overview
    • 10.4.2. Financial Performance
    • 10.4.3. Product Benchmarking
    • 10.4.4. Recent Development
  • 10.5. IndoSurgicals Private Limited (India)
    • 10.5.1. Company Overview
    • 10.5.2. Financial Performance
    • 10.5.3. Product Benchmarking
    • 10.5.4. Recent Development
  • 10.6. Johnson & Johnson (US)
    • 10.6.1. Company Overview
    • 10.6.2. Financial Performance
    • 10.6.3. Product Benchmarking
    • 10.6.4. Recent Development
  • 10.7. Medtronic (Ireland)
    • 10.7.1. Company Overview
    • 10.7.2. Financial Performance
    • 10.7.3. Product Benchmarking
    • 10.7.4. Recent Development
  • 10.8. Smith + Nephew (England)
    • 10.8.1. Company Overview
    • 10.8.2. Financial Performance
    • 10.8.3. Product Benchmarking
    • 10.8.4. Recent Development
  • 10.9. Stryker (US)
    • 10.9.1. Company Overview
    • 10.9.2. Financial Performance
    • 10.9.3. Product Benchmarking
    • 10.9.4. Recent Development
  • 10.10. Zimmer Biomet (US)
    • 10.10.1. Company Overview
    • 10.10.2. Financial Performance
    • 10.10.3. Product Benchmarking
    • 10.10.4. Recent Development
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