Surgical Equipment/Instruments Market Report

Surgical Equipment/Instruments Market Analysis By Product (Sutures & Staplers, Handheld & Electrosurgical Devices), By Application (Neurosurgery, Plastic Surgery, Obstetrics & Gynecology, Cardiovascular, Orthopedic), And Segment Forecasts, 2014 - 2025

Published: December 2016  |  100 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-240-2

Industry Insights

The global surgical equipment market size was valued at USD 9.9 billion in 2015 and is expected to grow at a CAGR of 7.6% over the forecast period. The introduction of technologically advanced products, such as electrosurgical instruments, is anticipated to foster the market growth in the near future. The key driver supporting this growth is that electro-surgeries primarily involve minimally invasive surgeries, which has been widely accepted by the patients.

Chronic cardiovascular diseases are increasingly prevalent in developing countries like India because of the presence of risk factors, such as smoking, hypertension, diabetes, and obesity. Also, coronary artery bypass graft surgery is a common treatment for blocked coronary artery. Hence, there is a growing need for surgeries for the treatment of such diseases in developing countries, such as India, which in turn is expected to fuel the demand for surgical equipment. Moreover, the prevalence of cardiovascular disease is high in the U.S. Thus, increasing the prevalence of chronic diseases coupled with technological advancements in this country is anticipated to drive the industry growth.

U.S. surgical equipment market by product, 2014 - 2025 (USD Million)

U.S. surgical equipment market

Product Insights

Surgical sutures and staplers dominated the surgical equipment market in 2015. The main reason for its dominance is that sutures and staplers are increasingly used for wound closure surgeries. However, staplers are expected to be a rapidly emerging segment with respect to faster wound healing process and reduced risk of infection as compared to sutures.

On the other hand, electrosurgical instruments are anticipated to grow at an attractive CAGR over the forecast period owing to its emerging application for minimally invasive surgeries. Electro-surgeries help reduce blood loss through cauterization of tissue. Major players are focusing on the development of technically advanced electrosurgical instruments to cater to the growing needs of surgeons.

Application Insights

Obstetrics and gynecology held the largest industry share in 2015 owing to the increasing number of childbirths across the world. According to the CDC, in 2014, there were 1,284,551 caesarean deliveries conducted in the U.S. Moreover, disorders related to female reproductive organs are also rising, which has led to more number of gynecologic surgeries.

Plastic and reconstructive surgeries are expected to witness the highest growth over the forecast period. With advanced technology and growing disposable income in countries like China, India, and Australia, plastic and cosmetic surgeries have evolved to become beneficial treatment solutions for the population in order to enhance the aesthetic appeal.

China surgical equipment market by application, 2015 (USD Million)

China surgical equipment market

Regional Insights

North America dominated the global surgical equipment market in 2015. According to the CDC, the national health expenditure for hospitals accounted for 32.1% in 2014. This is one of the significant driving factors for the growth of North American medical devices and surgical instruments market. Moreover, technological advancements in this region also add value to the industry growth in the long run.

Asia Pacific is projected to witness the fastest CAGR during the forecast period due to the immense attention to medical tourism over the past 7 to 8 years in India. Foreign patients are increasingly opting for India to undergo valve replacement surgeries, primarily owing to factors such as cost effectiveness ranging from 70% to 80%. Hence, demand for surgical tools is expected to rise in this country in the near future.

Competitive Insights

Some key companies in this industry include B. Braun Melsungen AG; Zimmer Biomet Holdings, Inc.; Smith & Nephew plc; Becton, Dickinson and Company; Stryker Corporation; Ethicon, Inc.; Aspen Surgical Products, Inc.; Alcon Laboratories, Inc.; and Medtronic Inc.

The companies are concentrating on strategies such as mergers and acquisitions and new product development in order to serve the industry with innovative technologies. For instance, in 2015, BD acquired Surgical Site Solutions, Inc. to broaden its surgical clipper portfolio.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 to 2015

Forecast period

2016 to 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, China, India, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the surgical equipment/instruments market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Surgical Sutures and Staplers

    • Handheld Surgical Devices

      • Forceps and Spatulas

      • Retractors

      • Dilators

      • Graspers

      • Auxiliary Instruments

      • Cutter Instruments

      • Others

    • Electrosurgical Devices

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Neurosurgery

    • Plastic and Reconstructive Surgery

    • Wound Closure

    • Obstetrics and Gynecology

    • Cardiovascular

    • Orthopedic

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

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