Surgical Equipment Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theSurgical Equipment Market?
The rising need for less invasive surgical procedures (MIS) is expected to boost the demand for innovative surgical tools. MIS is a type of surgical procedure that reduces the size of incisions made, compared to standard or open surgeries performed for the same reason. The shift towards MIS procedures is due to several benefits such as reduced healing and recovery periods, minimal scars, cost-effectiveness, less trauma and pain, and a lower chance of infections or complications. The creation of innovative surgical tools like the Da Vinci surgical systems, C-arm devices, and electrosurgical and power-assisted surgical tools, have been a result of advancements in medical technology. These tools, which are key to MIS, are expected to propel the surgical equipment market during the predicted period.
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#What Growth Opportunities Will Drive the Surgical Equipment Market’s CAGR Through 2034?
The market size for surgical equipment has been experiencing a swift growth in the past few years. It is forecasted to expand from $34.38 billion in 2024 to $38.16 billion in 2025, translating to a compound annual growth rate (CAGR) of 11.0%. The exponential growth over the historic period was driven by factors such as the expansion of medical tourism, the proliferation of ambulatory surgery centers, governmental investments pumped into healthcare facilities, emphasis on infection prevention strategies, as well as various training and educational initiatives.
The market for surgical equipment is predicted to experience robust growth in the following years, with a projected increase to $53.26 billion by 2029 and a compound annual growth rate (CAGR) of 8.7%. This projected growth during the forecast period is linked to factors such as the rising demand for elective surgeries, emphasis on outpatient surgical care, readiness for global health crises, patient-oriented healthcare approaches, focus on eco-friendly practices, and regulatory harmonization. Key trends to look out for in this forecast period include advancements in robot-assisted surgery, the application of augmented reality (AR) in surgical procedures, remote and telesurgery developments, personalized surgical tools, and the evolution of smart implants and prosthetics.
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What Are the Current Market Growth and Trends in theSurgical Equipment Market That Industry Players Should Watch?
Key players in the surgical equipment market are dedicating themselves to create innovative products like TrueDent resin to enhance their market profitability. This resin, patented and approved by the FDA (Class II), is specially designed for 3D printing applications such as dentures, temporary crowns, and bridges on the J5 DentaJet platform. In February 2023, an instance of this innovation occurred when Stratasys Ltd., a US-based additive manufacturer, announced the launch of TrueDent resin, its first FDA-approved medical device. Crafted as a light-curing substance for 3D printing, TrueDent resin’s primary application is to print attractive monolithic dentures and temporary crowns and bridges on the J5 DentaJet platform. This resin enables highly precise and visually appealing production of full and partial dentures, ensuring patients receive well-fitting, durable and optimally functioning dentures.
What Are the Major Market Players Making an Impact on theSurgical Equipment Market Growth?
Major companies operating in the surgical equipment market include Johnson & Johnson (J&J), Abbott Laboratories, Cousin Surgery LLC, 3M Company, Medtronic PLC, Becton Dickinson and Company, Philips, Stryker Corporation, GE Healthcare, Meril Life Science Pvt. Ltd, Boston Scientific Corporation, Alcon Laboratories Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Hoya Corporation, Ethicon Inc., Getinge Group, Integra LifeSciences Holdings Corporation, CONMED Corporation, KLS Martin Group, Aspen Surgical Products Inc., Frankenman International Limited, Fuhrmann GmbH, Entrhal Medical GmbH
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How Are the Key Segments of the Surgical Equipment Market Driving Opportunities and Innovations?
The surgical equipment market covered in this report is segmented –
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 Or Equipment, Disposables
Subsegments:
1) By Surgical Sutures And Staples: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staples
2) By Handheld Surgical Devices And Equipment: Scalpels, Scissors, Forceps, Needle Holders
3) By Electrosurgical Devices And Equipment: Electrosurgical Generators, Electrosurgical Pens, Monopolar And Bipolar Electrodes
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theSurgical Equipment Market?# Market Expansion?
North America was the largest region in the global surgical equipment market in 2024. Western Europe was the second-largest region in the global surgical equipment market. The regions covered in the surgical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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