Surgical Equipment: Technologies and Global Markets

Report Highlights

The global market for surgical equipment and technologies was valued at $37.6 billion in 2023. This market is expected to grow from $40.0 billion in 2024 to $56.6 billion by 2029, at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2029.

Report Includes

• 113 data tables and 42 additional tables
• An overview of the global market and technologies for general surgical equipment
• Analyses of the global market trends, with data from 2021-2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
• Estimation of actual market size and revenue forecast for general surgical equipment market, and corresponding market share analysis based on usability, product category, technology type, end user, and region
• Information on the global surgical equipment market structure and technological innovations such as surgical robotics, powered surgical tools, and a significant focus on minimally invasive procedures
• Insights into healthcare regulations, policies and implications; and discussion on regulated or proposed to be regulated medical devices
• Coverage of the factors impacting market growth and analyze trends and opportunities in major regions, and the trends, gaps and opportunities in each micro market
• Assessment of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
• A discussion of ESG challenges and ESG practices in the market and impact of COVID-19 on micro and macro environment factors that influence surgical equipment markets
• Company profiles of the market leading participants, including Medtronic, Johnson & Johnson Services Inc., Stryker Corp., Intuitive Surgical Inc., and Zimmer Biomet

Report Scope

This report analyzes the surgical equipment and technologies market, and provides forecasts and sales projections through 2029. It covers the leading companies, technology trends, market dynamics, competitive intelligence and regional trends. The report evaluates how fundamental market dynamics have shifted due to the COVID-19 pandemic and discusses the supply chain, including manufacturers, suppliers, retailers and hospitals. The analysis also includes the effects of economic factors such as healthcare spending, medical tourism and government initiatives to enhance healthcare access.

The report examines emerging technologies, such as the integration of AI and machine learning (ML) into surgical procedures. In this report, the surgical equipment and technologies market is segmented by usability, product category, technology, end user and region. By usability, the market is segmented into disposable and reusable surgical equipment. Product categories includes laparoscopy, orthopedic surgery, neurosurgery, cardio surgery, urology, wound closure, power systems, thoracic surgery, retraction systems, plastic and reconstructive, obstetrics/gynecology and microvascular surgery. By technology, the market is segmented into manual, electrosurgical, manual and wireless surgical equipment. End users are large hospital chains, medium-level specialty hospitals and small clinics.

The market is also segmented into four geographic regions: North America, Europe, Asia-Pacific and the Rest of the World (RoW). Countries focused on include the U.S., Canada, Mexico, France, Germany, the U.K., Italy, Spain, Japan, India, Australia, South Korea and China.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Consulting Editor’s Credentials

Mariana Kuznietsova, a Life Science Consultant at BCC Research, has 8 years of experience in both academic and industry research developing biochemical and biotechnological applications and laboratory services. She also has a strong background in laboratory equipment trading services covering technical support, complex lab solutions to meet demands of laboratories from a range of areas, such as Academia, Agriculture, Pharma, and Food and Beverage. Mariana holds a Ph.D. in Biochemistry from the Taras Shevchenko National University of Kyiv, Ukraine.