Surgical Equipment: Technologies and Global Markets

Description

List of Tables

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.

The global market for reusable surgical equipment is expected to grow from $27.7 billion in 2024 to $37.1 billion by 2029, at a CAGR of 6.1% from 2024 to 2029.

The global market for disposable surgical equipment is expected to grow from $12.4 billion in 2024 to $19.5 billion by 2029, at a CAGR of 9.5% from 2024 to 2029.

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.

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

Product Code: HLC154C

Chapter 1 Executive Summary

Market Outlook
Scope of Report
Market Summary

Chapter 2 Market Overview

Market Insights
Regulatory Landscape
Cybersecurity in Medical Devices
North America
Europe
India
China
Japan

Chapter 3 Market Dynamics

Market Dynamics Snapshot
Drivers
Increase in Minimally Invasive Procedures
Increased Demand for Surgical Equipment
Ambulatory Surgical Centers
Increase in Outpatient Surgeries
Restraints
Untrained End Users
Regulatory Challenges and Legal Barriers
Equipment Malfunctions
High Cost of Surgical Equipment
Opportunities
Technological Advances
Emerging Economies
Replenishment in Developed Economies
Challenges
Demand for Specialized Instruments
Quality Management System Regulations (QMSR)

Chapter 4 Market Segmentation Analysis

Segmentation Breakdown
Surgical Equipment and Technologies Market, by Usability
Reusable Surgical Equipment
Disposable Surgical Equipment
Surgical Equipment Market, by Product Category
Laparoscopy
Orthopedic Surgery
Neurosurgery
Cardio Surgery
Urology
Wound Closure
Power Systems
Thoracic Surgery
Retraction Systems
Plastic and Reconstructive
Obstetrics/Gynecology
Microvascular Surgery
Other Product Categories
Surgical Equipment Market, by Technology
Manual
Electrosurgical
Wireless
Surgical Equipment and Technologies Market, by End User
Large Hospital Chains
Medium-Level Specialty Hospitals
Small Clinics and Others
Geographic Breakdown
Surgical Equipment and Technologies Market, by Region
North America
Europe
Asia-Pacific
Rest of the World

Chapter 5 Emerging Trends and Technologies

Overview
Advances in Robotic Surgery
AI in Surgery
Glass Fiber-Reinforced Technology
Advanced Composites
Augmented Reality Technology
Blockchain Technology

Chapter 6 ESG Development

Introduction to ESG in the Surgical Equipment Market
ESG Sustainability in Leading Companies' Surgical Equipment
ESG Risk Ratings
BCC Research Viewpoint

Chapter 7 Patent Analysis

Patent Analysis
Select Patent Grants
Patent Review, by Year

Chapter 8 Competitive Landscape

Mergers and Acquisitions (M&A) and Collaborations
Company Share Analysis
Strategic Alliances
Product Launches

Chapter 9 Appendix

Methodology
Sources
Abbreviations
Company Profiles
ABBOTT
B. BRAUN SE
BOSTON SCIENTIFIC CORP.
INTUITIVE SURGICAL
JOHNSON & JOHNSON SERVICES INC.
MEDTRONIC
OLYMPUS CORP.
SMITH+NEPHEW
STRYKER
ZIMMER BIOMET

Product Code: HLC154C

List of Tables

Summary Table : Global Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 1 : Total Number of Hip and Knee Procedures Performed in the U.S., 2012-2022
Table 2 : Total Number of Metabolic and Bariatric Procedures Performed in the U.S., 2011-2022
Table 3 : Number of Cardiac Surgical Procedures Performed Annually per 100,000 People
Table 4 : Delayed and Canceled Surgeries Per Hospital Category Due to Malfunctioning Equipment, 2018
Table 5 : Top 20 Most Expensive Hospital Procedures in the U.S.
Table 6 : Global Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 7 : Global Market for Reusable Surgical Equipment and Technologies, by Region, Through 2029
Table 8 : Global Market for Disposable Surgical Equipment, by Region, Through 2029
Table 9 : Global Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 10 : Global Market for Laparoscopy Surgical Equipment and Technologies, by Region, Through 2029
Table 11 : Global Market for Orthopedic Surgical Equipment and Technologies, by Region, Through 2029
Table 12 : Global Market for Neurosurgery Surgical Equipment and Technologies, by Region, Through 2029
Table 13 : Global Market for Cardio Surgery and Technologies Equipment, by Region, Through 2029
Table 14 : Global Market for Urology Surgical Equipment and Technologies, by Region, Through 2029
Table 15 : Partially Stimuli-Responsive Antibacterial Hydrogel Wound Dressings
Table 16 : Global Market for Wound Closure Surgical Equipment and Technologies, by Region, Through 2029
Table 17 : Global Market for Power System Surgical Equipment and Technologies, by Region, Through 2029
Table 18 : Global Market for Thoracic Surgical Equipment and Technologies, by Region, Through 2029
Table 19 : Global Market for Surgical Retraction Systems, by Region, Through 2029
Table 20 : Most Frequently Performed Cosmetic Surgery/Minimally Invasive/Reconstructive Surgical Procedures, 2022 and 2023
Table 21 : Global Market for Plastic and Reconstructive Surgical Equipment, by Region, Through 2029
Table 22 : Global Market for Obstetrics/Gynecology Surgical Equipment and Technologies, by Region, Through 2029
Table 23 : Global Market for Microvascular Surgical Equipment and Technologies, by Region, Through 2029
Table 24 : Global Market for Other Surgical Equipment and Technologies, by Region, Through 2029
Table 25 : Global Market for Surgical Equipment and Technologies, by Technology Type, Through 2029
Table 26 : Global Market for Manual Surgical Equipment and Technologies, by Region, Through 2029
Table 27 : Global Market for Electrosurgical Equipment and Technologies, by Region, Through 2029
Table 28 : Global Market for Wireless Surgical Equipment and Technologies, by Region, Through 2029
Table 29 : Global Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 30 : Hospitals Performing the Most Surgeries in the U.S., 2023
Table 31 : Global Market for Surgical Equipment and Technologies in Large Hospital Chains, by Region, Through 2029
Table 32 : Global Market for Surgical Equipment and Technologies in Medium-Level Specialty Hospitals, by Region, Through 2029
Table 33 : Global Market for Surgical Equipment and Technologies in Small Clinics and Other Healthcare Facilities, by Region, Through 2029
Table 34 : Global Market for Surgical Equipment and Technologies, by Region, Through 2029
Table 35 : North American Market for Surgical Equipment and Technologies, by Country, Through 2029
Table 36 : U.S. Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 37 : U.S. Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 38 : U.S. Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 39 : U.S. Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 40 : Canadian Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 41 : Canadian Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 42 : Canadian Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 43 : Canadian Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 44 : Mexican Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 45 : Mexican Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 46 : Mexican Market for Surgical Equipment, by Technology, Through 2029
Table 47 : Mexican Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 48 : European Market for Surgical Equipment and Technologies, by Country, Through 2029
Table 49 : U.K. Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 50 : U.K. Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 51 : U.K. Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 52 : U.K. Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 53 : French Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 54 : French Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 55 : French Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 56 : French Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 57 : Italian Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 58 : Italian Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 59 : Italian Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 60 : Italian Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 61 : German Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 62 : German Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 63 : German Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 64 : German Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 65 : Spanish Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 66 : Spanish Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 67 : Spanish Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 68 : Spanish Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 69 : Rest of European Countries' Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 70 : Rest of European Countries' Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 71 : Rest of European Countries' Market for Surgical Equipment, by Technology, Through 2029
Table 72 : Rest of European Countries' Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 73 : Key Points on Partnerships to Improve Surgical Care in the Asia-Pacific Region, 2023
Table 74 : Asia-Pacific Market for Surgical Equipment and Technologies, by Country, Through 2029
Table 75 : Chinese Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 76 : Chinese Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 77 : Chinese Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 78 : Chinese Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 79 : Indian Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 80 : Indian Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 81 : Indian Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 82 : Indian Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 83 : Japanese Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 84 : Japanese Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 85 : Japanese Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 86 : Japanese Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 87 : Australian Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 88 : Australian Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 89 : Australian Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 90 : Australian Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 91 : South Korean Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 92 : South Korean Market for Surgical Equipment and Technologies, by Technology, Through 2029
Table 93 : South Korean Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 94 : South Korean Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 95 : Rest of Asia-Pacific Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 96 : Rest of Asia-Pacific Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 97 : Rest of Asia-Pacific Market for Surgical Equipment, by Technology, Through 2029
Table 98 : Rest of Asia-Pacific Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 99 : RoW Market for Surgical Equipment and Technologies, by Usability, Through 2029
Table 100 : RoW Market for Surgical Equipment and Technologies, by Product Category, Through 2029
Table 101 : RoW Market for Surgical Equipment, by Technology, Through 2029
Table 102 : RoW Market for Surgical Equipment and Technologies, by End User, Through 2029
Table 103 : SASB Standards Disclosure Topics and Accounting Metrics
Table 104 : Companies' ESG Developments, 2023
Table 105 : ESG Rankings for Surgical Equipment and Technologies Manufacturing Firms, 2023
Table 106 : Select Granted Patents on Surgical Equipment and Technologies, 2021
Table 107 : Published Patents on Surgical Equipment and Technologies, 2022
Table 108 : Published Patents on Surgical Equipment and Technologies, 2023
Table 109 : Published Patents on Surgical Equipment and Technologies, 2024*
Table 110 : Patent Filings for Surgical Equipment and Technologies, by Year, 2021-August 2024
Table 111 : M&A in the Surgical Equipment Industry, 2021-2024
Table 112 : Product Launches in the Surgical Equipment and Technologies Market, 2021-2024
Table 113 : Information Sources in this Report
Table 114 : Abbreviations Used in This Report
Table 115 : Abbott: Company Snapshot
Table 116 : Abbott: Financial Performance, FY 2022 and 2023
Table 117 : Abbott: Product Portfolio
Table 118 : Abbott: News/Key Developments, 2021-2024
Table 119 : B Braun SE: Company Snapshot
Table 120 : B Braun SE: Financial Performance, FY 2022 and 2023
Table 121 : B. Braun SE: Product Portfolio
Table 122 : B. Braun SE: News/Key Developments, 2022-2024
Table 123 : Boston Scientific Corp.: Company Snapshot
Table 124 : Boston Scientific Corp.: Financial Performance, FY 2022 and 2023
Table 125 : Boston Scientific Corp.: Product Portfolio
Table 126 : Boston Scientific Corp.: News/Key Developments, 2023 and 2024
Table 127 : Intuitive Surgical: Company Snapshot
Table 128 : Intuitive Surgical: Financial Performance, FY 2022 and 2023
Table 129 : Intuitive Surgical: Product Portfolio
Table 130 : Intuitive Surgical: News/Key Developments, 2022-2024
Table 131 : Johnson & Johnson Services Inc.: Company Snapshot
Table 132 : Johnson & Johnson Services Inc.: Financial Performance, FY 2022 and 2023
Table 133 : Johnson & Johnson Services Inc.: Product Portfolio
Table 134 : Johnson & Johnson Services Inc.: News/Key Developments, 2022-2024
Table 135 : Medtronic: Company Snapshot
Table 136 : Medtronic: Financial Performance, FY 2022 and 2023
Table 137 : Medtronic: Product Portfolio
Table 138 : Medtronic: News/Key Developments, 2022-2024
Table 139 : Olympus Corp.: Company Snapshot
Table 140 : Olympus Corp.: Financial Performance, FY 2022 and 2023
Table 141 : Olympus Corp.: Product Portfolio
Table 142 : Olympus Corp.: News/Key Developments, 2023 and 2024
Table 143 : Smith+Nephew: Company Snapshot
Table 144 : Smith+Nephew: Financial Performance, FY 2022 and 2023
Table 145 : Smith+Nephew: Product Portfolio
Table 146 : Smith+Nephew: News/Key Developments, 2021-2024
Table 147 : Stryker: Company Snapshot
Table 148 : Stryker: Financial Performance, FY 2022 and 2023
Table 149 : Stryker: Product Portfolio
Table 150 : Stryker: News/Key Developments, 2021-2024
Table 151 : Zimmer Biomet: Company Snapshot
Table 152 : Zimmer Biomet: Financial Performance, FY 2022 and 2023
Table 153 : Zimmer Biomet: Product Portfolio
Table 154 : Zimmer Biomet: News/Key Developments, 2023 and 2024

List of Figures

Summary Figure : Global Market for Surgical Equipment and Technologies, by Usability, 2021-2029
Figure 1 : Cycle of Surgical Instrument Use and Sterilization
Figure 2 : Lifecycle of Surgical Devices
Figure 3 : Snapshot of the Dynamics of the Surgical Equipment and Technologies Market
Figure 4 : Breakdown of Countries Protecting Health Workers in Reporting Patient Safety Incidents
Figure 5 : Global Market for Surgical Equipment and Technologies, by Usability, 2021-2029
Figure 6 : Share of Global Market for Surgical Equipment and Technologies, by Usability, 2023
Figure 7 : Share of Global Market for Surgical Equipment and Technologies, by Technology Type, 2023
Figure 8 : Share of Global Market for Surgical Equipment and Technologies, by End User, 2023
Figure 9 : Global Market for Surgical Equipment and Technologies, by Region, 2021-2029
Figure 10 : Share of Global Market for Surgical Equipment and Technologies, by Region, 2023
Figure 11 : AI-Driven Surgical Performance Metrics and Feedback System
Figure 12 : Environmental Impact Per Functional Unit (Set for One Surgery) in Percentage Related to the Reusable Set, 2020
Figure 13 : 2024 Progress Assessment: Tracking the Sustainable Development Goals
Figure 14 : Patent Applications and Granted Patents Related to Surgical Equipment and Technologies, 2010-August 2024
Figure 15 : Share of Patents Registered/Approved, by Country, 2021-August 2024
Figure 16 : Share of Global Market for Surgical Equipment and Technologies, by Company, 2023
Figure 17 : Abbott: Revenue Share, by Business Unit, FY 2023
Figure 18 : Abbott: Revenue Share, by Country/Region, FY 2023
Figure 19 : B Braun SE: Revenue Share, by Business Unit, FY 2023
Figure 20 : B Braun SE: Revenue Share, by Country/Region, FY 2023
Figure 21 : Boston Scientific Corp.: Revenue Share, by Business Unit, FY 2023
Figure 22 : Boston Scientific Corp.: Revenue Share, by Country/Region, FY 2023
Figure 23 : Intuitive Surgical: Revenue Share, by Business Unit, FY 2023
Figure 24 : Intuitive Surgical: Revenue Share, by Country/Region, FY 2023
Figure 25 : Johnson & Johnson Services Inc.: Revenue Share, by Business Unit, FY 2023
Figure 26 : Johnson & Johnson Services Inc.: Revenue Share, by Country/Region, FY 2023
Figure 27 : Medtronic: Revenue Share, by Business Unit, FY 2023
Figure 28 : Medtronic: Revenue Share, by Country/Region, FY 2023
Figure 29 : Olympus Corp.: Revenue Share, by Business Unit, FY 2023
Figure 30 : Olympus Corp.: Revenue Share, by Country/Region, FY 2023
Figure 31 : Smith+Nephew: Revenue Share, by Business Unit, FY 2023
Figure 32 : Smith+Nephew: Revenue Share, by Country/Region, FY 2023
Figure 33 : Stryker: Revenue Share, by Business Unit, FY 2023
Figure 34 : Stryker: Revenue Share, by Country/Region, FY 2023
Figure 35 : Zimmer Biomet: Revenue Share, by Business Unit, FY 2023
Figure 36 : Zimmer Biomet: Revenue Share, by Country/Region, FY 2023

Surgical Equipment: Technologies and Global Markets

Description

Table of Contents

List of Tables

Report Scope

Report Includes

Table of Contents

Chapter 1 Executive Summary

Chapter 2 Market Overview

Chapter 3 Market Dynamics

Chapter 4 Market Segmentation Analysis

Chapter 5 Emerging Trends and Technologies

Chapter 6 ESG Development

Chapter 7 Patent Analysis

Chapter 8 Competitive Landscape

Chapter 9 Appendix

List of Tables

List of Figures