Global Surgical Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

11 Mar, 2021

The surgical equipment market consists of sales of surgical equipment and related services by entities (organizations, sole traders and partnerships) that produce surgical equipment used during surgeries. This market is segmented into surgical sutures and staples; handheld surgical devices and equipment; electrosurgical devices and equipment.

Global Surgical Equipment Market Size And Drivers:

The global surgical equipment market is expected to grow from $12.23 billion in 2020 to $13.02 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The market is expected to reach $16.18 billion in 2025 at a CAGR of 6%.

Growing demand for minimally invasive surgery (MIS) will increase the demand for advanced surgical equipment.

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Trends In The Global Surgical Equipment Market

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.

Global Surgical Equipment Market Segments:
The global surgical equipment market is further segmented based on type, end user, type of expenditure, product and geography.
By Type: Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
By Geography: The global surgical equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global surgical equipment market, accounting for 34% of the total market.

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Surgical Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides surgical equipment market overviews, analyzes and forecasts market size and growth for the global surgical equipment market, surgical equipment market share, surgical equipment market players, surgical equipment market segments and geographies, surgical equipment market’s leading competitors’ revenues, profiles and market shares. The surgical equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.