The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s surgical equipment market report forecasts the surgical equipment market size to grow to $36.49 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.

Learn More On The Surgical Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/surgical-equipment-global-market-report

Surgical Equipment Market Size Forecast
The global surgical equipment market is expected to grow from $27.05 billion in 2022 to $29.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surgical equipment market is expected to grow to $36.49 billion in 2027 at a CAGR of 5.9%.

North America held the largest surgical equipment market share.

Key Surgical Equipment Market Driver ­– Growth In Demand For Minimally Invasive Surgery
An MIS refers to any surgical procedure that requires minimal incisions as opposed to traditional or open surgery used for the same purpose. Preference for MIS procedures increased due to their multiple advantages such as short healing and recovery time, minimal scarring, cost-effectiveness, minimal trauma and pain, and decreased risk of infections and complications. Medical technology innovations led to the development of advanced surgical equipment such as Da Vinci surgical systems, C-arm devices, and electrosurgical and power-assisted surgical equipment. These devices which enable MIS will drive the surgical equipment market during the forecast period.

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Key Surgical Equipment Market Trend – Offering Next-Generation Ultrasonic Surgical Devices
Surgical equipment manufacturers are offering next-generation ultrasonic surgical devices to simplify complex surgical procedures. Modern ultrasonic surgical devices are multifunctional instruments capable of performing tissue plane dissection, coagulation, and transection during laparoscopic or open surgical procedures. Next-generation ultrasonic devices feature adaptive tissue technology. In this technology ultrasonic algorithm actively monitors the condition of the tissue within the jaws of the device and allows the system to intelligently sense and respond to changes in patient tissue conditions. The system modulates energy delivery based on tissue thickness and tissue type to optimize vessel sealing and provide for secure and reliable large vessel sealing. Ethicon’s Harmonic devices feature adaptive tissue technology

Surgical Equipment Market Segment
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/Equipment, Disposables

Surgical Equipment Market Major Players and Strategies
Major players in the surgical equipment market are Johnson & Johnson (J&J), Stryker Corporation, Intuitive Surgical, B. Braun Melsungen AG, and Getinge Group.

The Surgical Equipment Global Market Report 2023 covers regional data on surgical equipment market size, surgical equipment market trends and drivers, opportunities, strategies, and surgical equipment market competitor analysis. The countries covered in the surgical equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Surgical equipments are tools or devices that perform such functions as cutting, dissecting, grasping, holding, retracting, or suturing. Most surgical instruments are made from stainless steel.

View More Reports Related To The Surgical Equipment Market –
Robotic Surgery Services Global Market Report 2023
Electrosurgical Devices And Equipment Global Market Report 2023
ENT Surgical Devices And Equipment Global Market Report 2023

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