Surgical Equipment Market Emerging Trends and Growth Drivers Through 2029 | Reach USD $48.98 Billion
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#How Big Is The Surgical Equipment Market Today And What Is Its Future Size?#_x000D_
In the past few years, the market size of surgical equipment has experienced a robust growth. It is projected to expand from $31.83 billion in 2024 to $34.66 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The growth during the historical period could be linked to the expansion of medical tourism due to globalization, the rise in the number of ambulatory surgery centers, increased government spending in healthcare infrastructure, emphasis on measures to control infection, and various training and education programs._x000D_
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In the coming years, the surgical equipment market is set to experience significant growth, ballooning to a whopping $48.98 billion by 2029. This represents a compound annual growth rate (CAGR) of 9.0%. Factors contributing to the growth during the forecast period encompass an escalated demand for elective surgeries, concentration on outpatient surgical care, preparedness for global health crises, a patient-focused approach to healthcare, a commitment to environmental sustainability, and regulatory harmonization. The forecast period will also see major trends such as advancements in robot-assisted surgery, the application of augmented reality (AR) in surgical procedures, the advent of remote and telesurgery, the customization of surgical tools, and the development of intelligent prosthetics and implants._x000D_
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#What External And Internal Drivers Are Influencing The Surgical Equipment Market?#_x000D_
The demand for advanced surgical equipment is projected to surge due to the escalating preference for minimally invasive surgery (MIS). These types of surgical procedures involve fewer incisions than conventional open surgeries and are therefore favored. This preference can be attributed to the numerous benefits of MIS, including swift recovery and healing times, reduced scarring, cost-effectiveness, less pain and trauma, and a lower risk of infections and complications. The rise of medical technology has given birth to advanced surgical tools like Da Vinci surgical systems, C-arm devices, and electrosurgical and power-assisted surgical appliances. These devices, crucial for the realization of MIS, are expected to propel the surgical equipment market throughout the forecast period._x000D_
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#How Is The Surgical Equipment Market Categorized Across Applications And Types?#_x000D_
The surgical equipmentmarket covered in this report is segmented –_x000D_
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1) By Type: Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment_x000D_
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users_x000D_
3) By Type Of Expenditure: Public, Private_x000D_
4) By Product: Instruments Or Equipment, Disposables_x000D_
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Subsegments:_x000D_
1) By Surgical Sutures And Staples: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staples_x000D_
2) By Handheld Surgical Devices And Equipment: Scalpels, Scissors, Forceps, Needle Holders_x000D_
3) By Electrosurgical Devices And Equipment: Electrosurgical Generators, Electrosurgical Pens, Monopolar And Bipolar Electrodes_x000D_
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#How Are Market Trends Influencing Competition In The Surgical Equipment Market?#_x000D_
In an attempt to increase their market profitability, major corporations in the surgical equipment industry are concentrating on introducing innovative products like TrueDent resin. This FDA-approved, patented resin is specially crafted for 3D printing of dental products like dentures, temporary crowns, and bridges on the J5 DentaJet platform. Stratasys Ltd., an American additive manufacturing company, pioneered this approach with the February 2023 launch of TrueDent resin, marking the company’s first foray into FDA-approved medical devices. TrueDent resin, a light-curing substance engineered for 3D printing, is primarily used to make aesthetically appealing full and partial dentures, as well as temporary crowns and bridges. With the aid of this resin, dentures are constructed with precision and aesthetic appeal, guaranteeing that they fit properly, retain their shape, and operate effectively._x000D_
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#Who Are The Global Leaders Steering The Surgical Equipment Market Forward?#_x000D_
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_x000D_
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#What Are The Emerging Regional Trends Driving The Surgical Equipment Market?#_x000D_
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._x000D_
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