The “Global Surgical Equipment Market – Trends and Outlook” report from ResearchAndMarkets.com predicts continued growth.
The global surgical equipment market size is estimated at $19.8 billion in 2024 and is projected to post a CAGR of 8.6% during the forecast period 2024-2030 to reach $32.5 billion by 2030.
Surgical instruments can be categorized into sutures and staples, handheld devices, electrosurgical tools, and more advanced machinery like surgical robotics, endoscopic instruments, and powered tools. The applications of surgery equipment span many fields, including obstetrics, orthopedics, cardiovascular care, neurosurgery, plastic and reconstructive surgery, and specializations such as ophthalmology, ENT, urology, and general surgery.
The surgical equipment market growth is driven by the increasing incidence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes, which result in a higher need for surgical procedures. The growing number of geriatric populations, who are more vulnerable to various health issues, also drives the demand for surgeries. Innovations in technology, especially in minimally invasive surgery (MIS), serve as another catalyst for growth, as MIS provides advantages like quick recovery times and a decreased likelihood of complications.
Moreover, increased awareness regarding the benefits of prompt surgical intervention, escalating healthcare expenditures, and enhanced healthcare systems in developing regions are promoting the demand for sophisticated surgical instruments. The rise in sports-related injuries, automobile accidents, and cosmetic surgery procedures additionally fuels market expansion. In addition, favorable government policies, foreign investment in the healthcare sector, and increasing disposable incomes are broadening access to surgical care worldwide, resulting in a larger volume of surgeries and, therefore, a greater need for surgical equipment.
North America dominated the global surgical equipment market in 2024, holding a 38.2% share due to a significant incidence of chronic diseases, an aging demographic, advanced healthcare systems, and an increasing demand for minimally invasive procedures and robust healthcare expenditures. The United States is particularly notable for its well-established hospitals, prominent industry players, and innovative medical devices that contribute to market growth.
In contrast, the Asia Pacific region is expected to experience the fastest growth rate with a CAGR of 9.5% during the forecast period 2024-2030, propelled by rising disposable incomes in nations such as India, China, and Japan, as well as an upsurge in plastic, reconstructive, cardiovascular, and orthopedic surgeries. The rapid development of healthcare infrastructure, urbanization, and a rising elderly population further bolster the expansion of this regional market.
The surgical sutures and stapler was the largest segment of the surgical equipment market in 2024, with an estimated 42.3% market share, driven by its widespread application in wound closure. Sutures, which can be crafted from materials such as nylon or silk, and metal staplers, usually made of stainless steel or titanium, are chosen based on the nature of the surgery and patient requirements. Sutures may be absorbable, which breaks down naturally, or non-absorbable, necessitating removal to avoid infection. Metal staplers are gaining popularity for their benefits, which include expedited healing and reduced infection rates.
On the other hand, the electrosurgical devices segment is projected to record the fastest CAGR of 9.1% from 2024 to 2030, fueled by the increasing preference for minimally invasive surgeries that result in quicker recoveries and shorter hospital admissions. These devices find applications across various specialties, including gastroenterology, gynecology, and dermatology, which further contributes to the expansion of the market.
