Surgical Equipment Market - Global Industry Analysis

Name: Surgical Equipment Market by Product (Surgical Sutures and Stapler, Handheld Surgical Devices, and Electrosurgical Devices), by Application (Neurosurgery, Plastic and Reconstructive Surgery, Wound Closure, Obstetrics and Gynecology, Cardiovascular, Orthopedic, and Others), and by Category (Reusable Surgical Equipments and Disposable Surgical Equipments): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024
Brand: Zion Market Research
SKU: ZMR-3273
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Surgical Equipment Market by Product (Surgical Sutures and Stapler, Handheld Surgical Devices, and Electrosurgical Devices), by Application (Neurosurgery, Plastic and Reconstructive Surgery, Wound Closure, Obstetrics and Gynecology, Cardiovascular, Orthopedic, and Others), and by Category (Reusable Surgical Equipments and Disposable Surgical Equipments): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 14-Aug-2018 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3273 Status : Published

Global surgical equipment market expected to generate revenue of around USD 17.25 billion by end of 2024, growing at a CAGR of around 7.05% between 2018 and 2024. The rising need for surgeries to treat various chronic and cardiovascular disorders in both the developing and developed countries is expected to increase the demand for the surgical equipment market globally.

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Description

The report covers forecast and analysis for the surgical equipment market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the surgical equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the surgical equipment market on a global level.

In order to give the users of this report a comprehensive view of the surgical equipment market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the product, application, category, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Surgical Equipment Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on the global and regional basis.

The study provides a decisive view of the surgical equipment market by segmenting the market based on product, application, category, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further divided into major countries.

This report segments the global surgical equipment market as follows:

Global Surgical Equipment Market: Product Segment Analysis

Surgical Sutures and Stapler
Handheld Surgical Devices
- Forceps and Spatulas
- Retractors
- Dilators
- Graspers
- Auxiliary Instruments
- Cutter Instruments
- Other
Electrosurgical Devices

Global Surgical Equipment Market: Application Segment Analysis

Neurosurgery
Plastic and Reconstructive Surgery
Wound Closure
Obstetrics and Gynecology
Cardiovascular
Orthopedic
Others

Global Surgical Equipment Market: Category Segment Analysis

Reusable Surgical Equipment
Disposable Surgical Equipment

Global Surgical Equipment Market: Regional Segment Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
The Middle East and Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global surgical equipment market, 2017 - 2024 (USD Billion)
- 2.2. Global surgical equipment market : snapshot
Chapter 3. Surgical Equipment Market - Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
  - 3.2.1. Global surgical equipment market drivers: impact analysis
  - 3.2.2. Rising number of surgical procedures across the globe
  - 3.2.3. Growing demand for minimally invasive surgeries
- 3.3. Market Restraints
  - 3.3.1. Global surgical equipment market restraints: impact analysis
  - 3.3.2. High price competition
  - 3.3.3. Unfavorable taxation policy
- 3.4. Opportunities
  - 3.4.1. Various growth opportunities from emerging economies
  - 3.4.2. Advanced technology
- 3.5. Porters five forces analysis
  - 3.5.1. Bargaining power of suppliers
  - 3.5.2. Bargaining power of buyers
  - 3.5.3. Threat from new entrants
  - 3.5.4. Threat from new substitutes
  - 3.5.5. Degree of competition
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis, by product segment
  - 3.6.2. Market attractiveness analysis, by application segment
  - 3.6.3. Market attractiveness analysis, by category segment
  - 3.6.4. Market attractiveness analysis, by regional segment
Chapter 4. Global Surgical Equipment Market - Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global surgical equipment market : company market share, 2017
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New therapy launch
  - 4.2.3. Agreements, partnerships, collaborations and joint ventures
  - 4.2.4. Research and development and regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Surgical Equipment Market - Product Segment Analysis
- 5.1. Global surgical equipment market : product overview
  - 5.1.1. Global surgical equipment market revenue share, by product, 2017 and 2024
- 5.2. Surgical Sutures and Staplers
  - 5.2.1. Global surgical equipment market for surgical sutures and staplers, 2017 - 2024 (USD Billion)
- 5.3. Handheld Surgical Devices
  - 5.3.1. Global surgical equipment market for handheld surgical devices, 2017 - 2024 (USD Billion)
- 5.4.. Forceps and Spatulas
  - 5.4.1. Global forceps and spatulas market, 2017 - 2024 (USD Billion)
- 5.5. Retractors
  - 5.5.1. Global retractors market, 2017 - 2024 (USD Billion)
- 5.6.. Dilators
  - 5.6.1 Global dilators market, 2017 - 2024 (USD Billion)
- 5.7. Graspers
  - 5.7.1 Global graspers market, 2017 - 2024 (USD Billion)
- 5.8. Auxiliary Instruments
  - 5.8.1. Global auxiliary instruments market, 2017 - 2024 (USD Billion)
- 5.9. Cutter Instruments
  - 5.9.1. Global cutter instruments market, 2017 - 2024 (USD Billion)
- 5.10. Others
  - 5.10.1 Global others market, 2017 - 2024 (USD Billion)
- 5.11. Electrosurgical Devices
  - 5.11.1. Global surgical equipment market for electrosurgical devices, 2017 - 2024 (USD Billion)
Chapter 6. Global Surgical Equipment Market - Application Segment Analysis
- 6.1. Global surgical equipment market : application overview
  - 6.1.1. Global surgical equipment market revenue share, by application, 2017 and 2024
- 6.2. Neurosurgery
  - 6.2.1. Global surgical equipment market for neurosurgery, 2017 - 2024 (USD Billion)
- 6.3. Plastic and Reconstructive Surgery
  - 6.3.1. Global surgical equipment market for plastic and reconstructive surgery, 2017 - 2024 (USD Billion)
- 6.4. Wound Closure
  - 6.4.1. Global surgical equipment market for wound closure, 2017 - 2024 (USD Billion)
- 6.5. Obstetrics and Gynecology
  - 6.5.1. Global surgical equipment market for obstetrics and gynecology, 2017 - 2024 (USD Billion)
- 6.6. Cardiovascular
  - 6.6.1. Global surgical equipment market for cardiovascular, 2017 - 2024 (USD Billion)
- 6.7. Orthopedic
  - 6.7.1. Global surgical equipment market for orthopedic, 2017 - 2024 (USD Billion)
- 6.8. Others
  - 6.8.1. Global surgical equipment market for others, 2017 - 2024 (USD Billion)
Chapter 7. Global Surgical Equipment Market - Category Segment Analysis
7.1. Global surgical equipment market : category overview
- 7.1.1. Global surgical equipment market revenue share, by category, 2017 and 2024
7.2. Reusable Surgical Equipments
- 7.2.1. Global surgical equipment market for reusable surgical equipment, 2017 - 2024 (USD Billion)
7.3. Disposable Surgical Equipments
- 7.3.1. Global surgical equipment market for disposable surgical equipments, 2017 - 2024 (USD Billion)
Chapter 8. Global Surgical Equipment Market - Regional Segment Analysis
- 8.1. Global surgical equipment market : regional overview
  - 8.1.1. Global surgical equipment market revenue share, by region, 2017 and 2024
- 8.2. North America
  - 8.2.1. North America surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
  - 8.2.2. North America surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
  - 8.2.3. North America surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.2.4. The U.S.
    - 8.2.4.1. The U.S. surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.2.4.2. The U.S. surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.2.4.3. The U.S. surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.2.5. Canada
    - 8.2.5.1. Canada surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.2.5.2. Canada surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.2.5.3. Canada surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
- 8.3. Europe
  - 8.3.1. Europe surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
  - 8.3.2. Europe surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
  - 8.3.3. Europe surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.3.4. U.K.
    - 8.3.4.1. U.K. surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.3.4.2. U.K. surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.3.4.3. U.K. surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.3.5. Germany
    - 8.3.5.1. Germany surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.3.5.2. Germany surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.3.5.3. Germany surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.3.6. France
    - 8.3.6.1. France surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.3.6.2. France surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.3.6.3. France surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.3.7. Rest of Europe
    - 8.3.7.1. Rest of Europe surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.3.7.2. Rest of Europe surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.3.7.3. Rest of Europe surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
- 8.4. Asia Pacific
  - 8.4.1. Asia Pacific surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
  - 8.4.2. Asia Pacific surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
  - 8.4.3. Asia Pacific surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.4.4. China
    - 8.4.4.1. China surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.4.4.2. China surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.4.4.3. China surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.4.5. Japan
    - 8.4.5.1. Japan surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.4.5.2. Japan surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.4.5.3. Japan surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.4.6. India
    - 8.4.6.1. India surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.4.6.2. India surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.4.6.3. India surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.4.7. Rest of Asia Pacific
    - 8.4.7.1. Rest of Asia Pacific surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.4.7.2. Rest of Asia Pacific surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.4.7.3. Rest of Asia Pacific surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
- 8.5. Latin America
  - 8.5.1. Latin America surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
  - 8.5.2. Latin America surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
  - 8.5.3. Latin America surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.5.4. Brazil
    - 8.5.4.1. Brazil surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.5.4.2. Brazil surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.5.4.3. Brazil surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.5.5. Rest of Latin America
    - 8.5.5.1. Rest of Latin America surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.5.5.2. Rest of Latin America surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.5.5.3. Rest of Latin America surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
- 8.6. The Middle East and Africa
  - 8.6.1. The Middle East and Africa surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
  - 8.6.2. The Middle East and Africa surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
  - 8.6.3. The Middle East and Africa surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.6.4. Saudi Arabia
    - 8.6.4.1. Saudi Arabia surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.6.4.2. Saudi Arabia surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.6.4.3. Saudi Arabia surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.6.5. UAE
    - 8.6.5.1. UAE surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.6.5.2. UAE surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.6.5.3. UAE surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.6.6. South Africa
    - 8.6.6.1. South Africa surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.6.6.2. South Africa surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.6.6.3. South Africa surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
  - 8.6.7. Rest of the Middle East and Africa
    - 8.6.7.1. Rest of the Middle East and Africa surgical equipment market revenue, by product, 2017 - 2024 (USD Billion)
    - 8.6.7.2. Rest of the Middle East and Africa surgical equipment market revenue, by application, 2017 - 2024 (USD Billion)
    - 8.6.7.3. Rest of the Middle East and Africa surgical equipment market revenue, by category, 2017 - 2024 (USD Billion)
Chapter 9. Company Profile
- 9.1. Smith & Nephew Plc
  - 9.1.1. Overview
  - 9.1.2. Financials
  - 9.1.3. Product portfolio
  - 9.1.4. Business strategy
  - 9.1.5. Recent developments
- 9.2. KLS Martin Group
  - 9.2.1. Overview
  - 9.2.2. Financials
  - 9.2.3. Product portfolio
  - 9.2.4. Business strategy
  - 9.2.5. Recent developments
- 9.3. Zimmer Holdings, Inc.
  - 9.3.1. Overview
  - 9.3.2. Financials
  - 9.3.3. Product portfolio
  - 9.3.4. Business strategy
  - 9.3.5. Recent developments
- 9.4. Johnsons & Johnsons
  - 9.4.1. Overview
  - 9.4.2. Financials
  - 9.4.3. Product portfolio
  - 9.4.4. Business strategy
  - 9.4.5. Recent developments
- 9.5. Stryker Corporation
  - 9.5.1. Overview
  - 9.5.2. Financials
  - 9.5.3. Product portfolio
  - 9.5.4. Business strategy
  - 9.5.5. Recent developments
- 9.6. Medtronic Plc
  - 9.6.1. Overview
  - 9.6.2. Financials
  - 9.6.3. Product portfolio
  - 9.6.4. Business strategy
  - 9.6.5. Recent developments
- 9.7. Olympus Corporation
  - 9.7.1. Overview
  - 9.7.2. Financials
  - 9.7.3. Product portfolio
  - 9.7.4. Business strategy
  - 9.7.5. Recent developments
- 9.8. Karl Storz GmbH & Co. Kg
  - 9.8.1. Overview
  - 9.8.2. Financials
  - 9.8.3. Product portfolio
  - 9.8.4. Business strategy
  - 9.8.5. Recent developments
- 9.9. B. Braun Melsungen AG
  - 9.9.1. Overview
  - 9.9.2. Financials
  - 9.9.3. Product portfolio
  - 9.9.4. Business strategy
  - 9.9.5. Recent developments
- 9.10. Conmed Corporation
  - 9.10.1. Overview
  - 9.10.2. Financials
  - 9.10.3. Product portfolio
  - 9.10.4. Business strategy
  - 9.10.5. Recent developments

Methodology

Free Analysis

The surgical equipment and devices industry in the healthcare sector includes companies that develop and manufacture surgical devices and products. Surgical equipment is used for various surgical procedures like plastic surgery, neurosurgery, laparoscopic surgeries, urology, cardiovascular surgeries, and others. The rise in the prevalence of chronic disorders among geriatric population and increase in demand for laparoscopic surgeries acts as one of the major drivers of the global surgical equipment market.

The escalating demand for minimally invasive surgeries is likely to trigger the market growth for surgical equipment especially the equipment associated with electro-surgeries. Due to certain advantages like minimal blood loss, precise incision, lesser side effects, reduced post-surgery complications, short duration of hospital stay, faster recovery span, and huge demand across all medical specialties towards minimally invasive procedures is likely to propel market growth. Some of the other factors driving the market include the continuous rise in a number of surgical procedures and advancement in technology in terms of new product development. However, according to one of the clauses stated by the U.S. Patient Protection and Affordable Care Act (PPACA) reveals that an excise tax of 2.3% on medical equipment will impose an additional burden on medical device manufacturers which can serve as a restraint to the growth of overall surgical equipment market. Also, the highly competitive environment in terms of price war and uncertainty in reimbursements policies will further restrict the market growth.

Global Surgical Equipment Market

The market for surgical equipment market is segmented based on product type, application type, and by category. Based on product type, the market is segmented into surgical sutures and stapler, electrosurgical devices, and handheld surgical devices. The handheld surgical devices market is further sub-segmented into forceps and spatulas, auxiliary instruments, retractors, graspers, dilators, cutter instruments, and others. Based on applications, the surgical equipment market is segmented into neurosurgery, plastic and reconstructive surgery, obstetrics and gynecology, wound closure, cardiovascular, orthopedic, and others. Based on the category, the market is categorized into reusable surgical equipment and disposable surgical equipment.

North America holds the largest share of the market for surgical equipment followed by Europe and the Asia Pacific. The growth in North America and the European region is mainly driven by growing aging population, the advent of new technologies, advanced and well-developed healthcare infrastructure, high per capita income, and a favorable regulatory framework. The market for surgical equipment in the Asia Pacific is also expected to witness considerable growth rate due to rising need to fulfill unmet healthcare needs, advancing medical tourism industry, rising prevalence of chronic diseases which require surgical intervention and improving healthcare infrastructure in this region.

Some of the leading players in surgical equipment market include Smith & Nephew Plc, KLS Martin Group, Zimmer Holdings, Inc., Johnson & Johnson, Stryker Corporation, Medtronic Plc, Olympus Corporation, Karl Storz GmbH & Co. Kg, B. Braun Melsungen AG, Conmed Corporation, and others. Zimmer Biomet acquired Medtech in 2016 as this company specializes in the manufacture of robotics for spine and neurological surgeries with an aim to enter the surgical robotics market.