How Has The Computer Vision in Surgical Equipment Market Size Evolved In Recent Years?
The surgical equipment market has seen considerable growth due to a variety of factors.
• In the recent past, the surgical equipment market has seen considerable expansion. From $34.38 billion in 2024, it's anticipated to increase to $38.16 billion by 2025, indicating an 11.0% compound annual growth rate (CAGR). This surge during the historic period is linked back to the worldwide growth in medical tourism, a higher number of outpatient surgery centers, increased government expenditure on healthcare facilities, an emphasis on preventing infections, along with training and educational initiatives.
What Is The Projected Growth And Market Size For The Surgical Equipment
The surgical equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for surgical equipment is anticipated to witness substantial expansion in the coming years. The market is predicted to reach $53.26 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.7%.
This surge over the forecasted period can be accredited to factors such as the rising demand for elective surgeries, emphasis on outpatient surgical care, preparedness for global health crises, a patient-centric healthcare approach, focus on eco-friendliness, and regulatory harmonization. Important trends for the forecasted period encompass the advancement in robot-assisted surgery, the application of augmented reality (AR) in surgery, remote and telesurgery, personalized surgical tools, and intelligent implants and prosthetics.
What Main Forces Are Fueling Expansion In The Surgical Equipment Market?
The burgeoning need for less invasive surgery (MIS) will escalate the need for superior surgical equipment. MIS describes any surgical operation that necessitates minimal cuts, compared to the conventional or open surgery employed for the same function. The attraction towards MIS procedures amplified due to its multiple benefits, for instance, quick healing and recuperation times, minimal scars, cost-efficiency, minimal trauma and discomfort, and a lower possibility of infections and complications. Advancements in medical technology have resulted in the emergence of superior surgical equipment like Da Vinci surgical systems, C-arm devices, and power-assisted and electrosurgical equipment. These apparatus, which facilitate MIS, will invigorate the surgical equipment market during the projected period.
What Are The Main Segments Of The Global Surgical Equipment Market?
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
Pre-Book The Surgical Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Surgical Equipment Market?
The surgical equipment market is dominated by key companies that focus on creating innovative products, such as TrueDent resin, in a bid to boost their market earnings. TrueDent is a patent, Class II FDA-approved resin created especially for the 3D printing of dental outputs like dentures, temporary crowns, and bridges, employing the J5 DentaJet platform. For example, in February 2023, TrueDent Resin was rolled out by Stratasys Ltd, a US-based manufacturer that specializes in additive manufacturing. This marked the company's first medical device to receive FDA clearance. TrueDent resin, a light-curing substance designed for 3D printing, is primarily aimed at producing visually-appealing monolithic dentures, in addition to temporary crowns and bridges, using the J5 DentaJet platform. The resin aids in making precise and beautiful full and partial dentures, ensuring that patients get well-fitting, durable, and efficient prosthetic aids.
Who Are the Key Players in the Surgical Equipment Market?
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
What Is The Most Dominant Region In The Surgical Equipment Market?
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.
