Staff report
The global consulting firm Towards Packaging reports that the surgical instruments packaging market size will surge from $28.1 billion in 2025 to $38.3 billion by 2030. North America dominated the surgical instruments packaging market in 2023. By material type, the plastic segment dominated the market with the largest share in 2023.
“The global surgical instruments packaging market size reached $24.8 billion in 2023 and is projected to hit around $49.1 billion by 2034, expanding at a CAGR of 6.55% during the forecast period from 2024 to 2034,” Towards Packaging adds.
Surgical equipment is a set of tools or devices that perform such functions as cutting, dissecting, grasping, holding, retracting, or suturing. Most surgical instruments are made of stainless steel.
The main types of surgical equipment are surgical sutures and staples, handheld surgical devices and equipment, electrosurgical devices and equipment. The surgical sutures, also known as stitches, are sterile surgical threads used to repair cuts. They are used to close incisions in surgery. Staples is a town used as a center for the sale or exportation of commodities in bulk. The type of expenditure is public or private. The products used are instruments/equipment and disposables. The various end-users are hospitals and clinics, diagnostic laboratories, and others.
Next Move Strategy Consulting (NMSC) reports that the surgical equipment market size is expected to see strong growth in the next few years. It will grow to $43.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increased demand for elective surgeries, focus on outpatient surgical care, global health crisis preparedness, patient-centric healthcare, focus on environmental sustainability, regulatory harmonization. Major trends in the forecast period include robot-assisted surgery advancements, augmented reality (ar) in surgery, remote and telesurgery, customized surgical instruments, smart implants and prosthetics.
Towards Healthcare reports that the surgical equipment market was estimated at $16.91 billion in 2023 and is projected to grow to $45.61 billion by 2034, rising at a compound annual growth rate (CAGR) of 9.44% from 2024 to 2034. The rising amounts of surgical procedures, advancements in medical technology, and increasing investments drive the market.
Grand View Research adds that the global surgical instruments and consumables market size was estimated at $6.73 billion in 2023 and is projected to grow at a CAGR of 7.11% from 2024 to 2030.
An increase in the number of surgical procedures, including minimally invasive surgeries, drives demand for various surgical instruments and consumables. Continuous innovations in surgical technologies, such as robotic-assisted surgeries and enhanced imaging techniques, boost the need for advanced surgical instruments. Increasing investment in healthcare infrastructure and rising health expenditure in emerging economies support the growth of the surgical instruments market.
Additionally, a growing elderly population, which often requires more surgical interventions, significantly contributes to market expansion.
