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Global Surgical Instruments Market $15 Billion by 2027

The global market for surgical instruments predicted to attain $15 billion by 2027, growing at a CAGR of 3.9% over the forecast period, driven by advanced technologies such as smart instruments with integrated sensors.

  • Other factors deriving the market growth include increasing number of surgical procedures, growing elderly population, and high demand for minimally invasive procedures globally.
Global Surgical Instruments Market

Surgical instruments are specially designed tool or device for performing specific actions or carrying out desired effects during a surgery or operation, such as modifying biological tissue, or to provide access for viewing it.

  • Surgical instruments are essentially classified by the way the surgery and its use in that particular surgical procedure.
    • They are classified as cutting, incising or dissecting instruments, grasping, holding and clamping instruments, retracting and exposing instruments, suturing or stapling instruments, suctioning and aspirating instruments, dilating and probing Instruments, and measuring Instruments.
    • Bar code- or radio frequency identification (RFID)-based medical instrument management systems have gradually been introduced in the field of surgical medicine for the individual management and identification of instruments. 

The global surgical equipment market report estimates the market size ($million 2017 to 2027), market share, growth trends and forecast (CAGR% 2021 to 2027).

The global market for surgical equipment segmented by product [surgical sutures and staples (surgical sutures, surgical staples), surgical handheld instruments (forceps, retractors, scalpels, scissors), electrosurgical devices], by application (cardiovascular, neurosurgery, obstetrics and gynecology, orthopedics, plastic and reconstructive surgery, wound closure, others), and geography.

  • Based on products, the most commonly used surgical equipment such as surgical sutures and staples segment accounted for the largest share of the total market.
    • The surgical staples segment expected to grow at a relatively higher CAGR than sutures segment during the coming years.
      • Staples are widely accepted wound closure products requiring less time during the stapling process and are also more consistent in size compared to sutures.
  • However, the electrosurgical devices market anticipated to be the fastest growing segment, during the forecast period, mainly due to increased application of these devices in minimally invasive surgeries.
    • Electrosurgery is often used in surgery to control bleeding and to rapidly dissect soft tissue in surgery, such as dermatologic surgical procedures to provide superficial or deep coagulation or cutting of the skin, whether it be for removal of benign or malignant neoplasms or cosmetic indications such as acne keloidalis nuchae or dermatosis papulosa nigricans removal.
      • For example, the common dermatologic indications for electrofulguration or electrodesiccation for a superficial skin ablation include acrochordons, actinic keratosis, small angiomas, epidermal nevus, seborrheic keratosis, verruca plana, or hemostasis for capillary bleeding.
      • Similarly, electrosurgery in the gynecological laparoscopic surgeries has exponentially evolved with time. Although, the electrical energy is the most common form of energy used in gynecological laparoscopies today; it still remains one of the least understood sciences among the users.

The global market for surgical instruments research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA), and Rest of the World.

  • In terms of geography, the North America region held the largest revenue share of the global surgical instruments market, due to rising healthcare expenditure,
    • Increasing incidences of various chronic diseases such as cardiovascular disorders and obesity, leading to number of surgical procedures.
  • On the other hand, the rapidly aging population, growing GDP per capita, and increasing disposable income in emerging markets predicted to show the fastest growth rate for Asia Pacific region.

The global surgical instruments market research report also provides detailed market landscape and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global market for surgical equipment and included in this report are Alcon Laboratories, Inc., Aspen Surgical Products, Inc., B. Braun Melsungen AG, Becton Dickinson and Company (CareFusion Corp.), CONMED Corporation, ERBE Elektromedizin GmbH, Ethicon, Inc. (Johnson & Johnson), Integra LifeSciences Holdings Corporation, KLS Martin LP, Medicon eG, Medtronic plc (Covidien plc), Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holdings, Inc.

  • Product
    • Surgical Sutures and Staples
      • Surgical Staples
      • Surgical Sutures
    • Surgical Handheld Instruments
      • Surgical Forceps
      • Surgical Retractors
      • Surgical Scalpels
      • Surgical Scissors
    • Electrosurgical Devices
  • Application
    • Cardiovascular
    • Neurosurgery
    • Obstetrics and Gynecology
    • Orthopedics
    • Plastic and Reconstructive Surgery
    • Wound Closure
    • Other Applications
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • Alcon Laboratories, Inc.
    • Aspen Surgical Products, Inc.
    • B. Braun MelsungenAG
    • Becton Dickinson and Company (CareFusion Corp.)
    • CONMED Corporation
    • ERBE Elektromedizin GmbH
    • Ethicon, Inc. (Johnson & Johnson)
    • Integra LifeSciences Corporation
    • KLS Martin Group
    • Medicon eG
    • Medtronic plc (Covidien plc)
    • Smith & Nephew plc
    • Stryker Corporation
    • Zimmer Biomet Holdings, Inc.

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https://www.ihealthcareanalyst.com/report/surgical-equipment-market/

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