Global Surgical Equipment Market Size, Study, By Product, Application, And Forecast To 2023-2031
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The global Surgical Equipment Market value in 2022 was USD 24 billion, driven by the increasing demand for minimally invasive surgeries across the globe. The market size is anticipated to grow at a CAGR of 7.5% during the forecast period of 2023-2031 to achieve a value of USD 46.2 billion by 2031.
Surgical Equipment Introduction
Surgical equipment refers to a wide range of tools, instruments, machines, and devices used during surgical procedures. These tools are used to perform a variety of functions, such as cutting, dissecting, retracting, suturing, and many others. Surgical equipment includes both disposable and non-disposable devices.
The global surgical equipment market is expected to grow at a significant rate due to increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and advancements in technology.
Surgical Equipment Market Scenario
The global surgical equipment market is expected to experience significant growth in the coming years. This growth can be attributed to various factors, including the increasing number of surgical procedures being performed, the growing demand for minimally invasive surgical procedures, and the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and orthopaedic conditions.
In addition, technological advancements in surgical equipment, such as the development of robot-assisted surgery, have also contributed to the growth of the market. These advanced technologies are not only more efficient but also provide improved accuracy and safety during surgical procedures.
Furthermore, the growing elderly population and the increasing healthcare expenditure in emerging economies are expected to create new opportunities for growth in the market. However, high costs associated with surgical procedures and equipment, as well as the lack of skilled professionals, may restrain the growth of the market to some extent.
Surgical Equipment Market Segments
Market Breakup by Product
•Surgical Sutures and Staplers
•Handheld Surgical Equipment
ØForceps and Spatulas
Market Breakup by Category
•Reusable Surgical Equipment
•Disposable Surgical Equipment
Market Breakup by Application
•Plastic and Reconstructive Surgeries
•Obstetrics and Gynecology
Market Breakup by End User
•Hospitals & Clinics
•Ambulatory Surgical Centres
Market Breakup by Region
ØUnited States of America
•Middle East and Africa
ØUnited Arab Emirates
Key Trends in the Surgical Equipment Market
Some key trends in the surgical equipment market are:
•Increasing demand for minimally invasive surgeries: As patients seek less painful and quicker procedures with fewer complications and shorter hospital stays, there is a growing demand for surgical equipment that facilitates minimally invasive procedures.
•Advancements in robotic surgery: The market for surgical robots continues to grow, as they offer increased precision and improved patient outcomes in complex surgeries.
•Growing popularity of single-use devices: Disposable or single-use surgical instruments and devices are becoming increasingly popular due to concerns about cross-contamination and the need for sterilization.
•Increasing adoption of energy-based devices: There is a growing trend towards using energy-based devices in surgery, such as electrosurgical and ultrasonic devices, to achieve precise tissue cutting and hemostasis.
•Rise in the use of 3D printing technology: 3D printing technology is being used to create patient-specific surgical instruments and implants, leading to better surgical outcomes and reduced healthcare costs.
Surgical Equipment Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
•B. Braun Melsungen AG
•Boston Scientific Corporation
•ENTRHAL MEDICAL GMBH
•Aspen Surgical Products, Inc.
•Becton, Dickinson and Company
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