Surgical Equipment Market Growth, Size, Trends, Analysis and Segment Forecast to 2034
Global Surgical Equipment Market Growth, Size, Trends Analysis- By Product, By Application- - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: MEDE2558 | Pages: 1 - 244 | Formats*: |
| Category : Medical Devices | |||
Surgical Equipment Market Introduction and Overview
According to SPER Market Research, the Global Surgical Equipment Market is estimated to reach USD 46.75 billion by 2034 with a CAGR 9.79%.
The report includes an in-depth analysis of the Global Surgical Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. The global Surgical Equipment Market was valued at USD 18.37 billion in 2024 and is expected to grow at a CAGR of over 9.79% from 2025 to 2034. Market growth is primarily driven by the rising incidence of lifestyle disorders that often lead to surgical intervention, along with increasing healthcare costs and a significant number of unmet surgical needs. Additionally, the growing prevalence of conditions such as cardiovascular disease and cancer—which frequently require surgical treatment—is expected to further fuel industry expansion. Manufacturers and industry players are also contributing to this growth by focusing on the development of advanced surgical products and technologies, aiming to enhance outcomes and meet the evolving demands of modern healthcare systems.
By Product:
The surgical sutures and staplers segment led the market, driven by widespread adoption due to their essential role in wound closure. Staplers, in particular, are gaining popularity because they offer benefits such as faster healing and a lower risk of infection compared to traditional sutures. Industry players are also introducing innovative products in this space, such as Ethicon's advanced stapler. Meanwhile, the electrosurgical devices segment is expected to grow rapidly, fueled by rising demand for minimally invasive procedures and strong product offerings from major companies like Medtronic and Stryker.
By Application:
The "others" segment, which includes radiosurgery, urological, and general surgeries, generated the highest revenue share. Rising global cancer cases are expected to boost demand for radiosurgery, thereby increasing the need for surgical equipment. Meanwhile, the wound closure segment is projected to grow at the fastest rate due to the rising incidence of chronic wounds, a growing volume of surgical procedures worldwide, and continuous technological advancements. These innovations have significantly enhanced patient outcomes and recovery times, further driving the adoption of advanced wound closure solutions in surgical care.
Regional Insights:
North America leads the global surgical equipment market, driven by the widespread presence of chronic conditions like cancer, cardiovascular, and orthopedic disorders. This, combined with the strong presence of key manufacturers such as STERIS and KLS Martin Group, enhances product accessibility. Meanwhile, the Asia Pacific region is poised for rapid growth due to improvements in healthcare infrastructure, a growing elderly population, and rising chronic disease rates. Countries like India and China are attracting increased industry attention. Japan is also expected to see notable growth, supported by its expanding aging population.
Market Competitive Landscape:
The Surgical Equipment Market is highly consolidated. Some of the market key players are Aspen Surgical, B. Braun SE, BD, GPC Medical, IndoSurgicals Private Limited, Johnson & Johnson (Ethicon Inc.), Medtronic, Smith + Nephew, Stryker, Zimmer Biomet.
Recent Developments:
In January 2025, JUNE MEDICAL partnered with Aspen Surgical to distribute its Galaxy II Retractor System in the U.S., leveraging Aspen’s sales network to expand the device's reach across various specialties like orthopedics and gynecology.
In September 2023, U.S.-based PainTEQ launched a new Surgery-Ready Instrument Set, offering interventional pain physicians a safe and cost-effective solution.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Aspen Surgical, B. Braun SE, BD, GPC Medical, IndoSurgicals Private Limited, Johnson & Johnson (Ethicon Inc.), Medtronic, Smith + Nephew, Stryker, Zimmer Biomet. |
Key Topics Covered in the Report
- Global Surgical Equipment Market Size (FY’2021-FY’2034)
- Overview of Global Surgical Equipment Market
- Segmentation of Global Surgical Equipment Market By Product (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices)
- Segmentation of Global Surgical Equipment Market By Application (Neurosurgery, Plastic & Reconstructive Surgery, Wound Closure, Obstetrics & Gynecology, Cardiovascular, Orthopedic, Others)
- Statistical Snap of Global Surgical Equipment Market
- Expansion Analysis of Global Surgical Equipment Market
- Problems and Obstacles in Global Surgical Equipment Market
- Competitive Landscape in the Global Surgical Equipment Market
- Details on Current Investment in Global Surgical Equipment Market
- Competitive Analysis of Global Surgical Equipment Market
- Prominent Players in the Global Surgical Equipment Market
- SWOT Analysis of Global Surgical Equipment Market
- Global Surgical Equipment Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Tunable Diode Laser Analyzer Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Tunable Diode Laser Analyzer Market
7.Global Tunable Diode Laser Analyzer Market, By Measurement Type, (USD Million) 2021-2034
7.1.In-situ7.2.Others
8.Global Tunable Diode Laser Analyzer Market, By Industrial Application, (USD Million) 2021-2034
8.1.Power8.2.Oil & Gas8.3.Mining & Metal8.4.Healthcare8.5.Chemicals8.6.Fertilizers8.7.Paper & Pulp8.8.Cement8.9.Others
9.Global Tunable Diode Laser Analyzer Market, (USD Million) 2021-2034
9.1.Global Tunable Diode Laser Analyzer Market Size and Market Share
10.Global Tunable Diode Laser Analyzer Market, By Region, 2021-2034 (USD Million)
10.1.Asia-Pacific10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific10.2.Europe10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe10.3.Middle East and Africa10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa10.4.North America10.4.1.Canada10.4.2.Mexico10.4.3.United States10.5.Latin America10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.ABB Ltd.11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments11.2.Emerson Electric Co.11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments11.3.General Electric Corporation11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments11.4.Mettler-Toledo International Inc11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments11.5.Norsk Elektro Optikk (NEO) Monitors AS11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments11.6.Servomex11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments11.7.Sick AG11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments11.8.Endress+Hauser11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments11.9.Siemens AG11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments11.10.Yokogawa Electric Corporation11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments
11.11.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Surgical Equipment Market is projected to reach USD 46.75 by 2034, growing at a CAGR of 9.79% during the forecast period.
Surgical Equipment Market size from 2025. The Market is expected to reach USD 46.75 by 2034, at a CAGR of 9.79% during the forecast period.
Surgical Equipment Market CAGR of 9.79% during the forecast period.
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Surgical Equipment Market size is USD 46.75 from 2025 to 2034.
Surgical Equipment Market covered By Product, By Application
The North America is anticipated to have the highest Market share in the Surgical Equipment Market .
Aspen Surgical, B. Braun SE, BD, GPC Medical, IndoSurgicals Private Limited, Johnson & Johnson (Ethicon Inc.), Medtronic, Smith + Nephew, Stryker, Zimmer Biomet.
The report includes an in-depth analysis of the Global Surgical Equipment Market , including market size and trends, product mix, Applications, and supplier analysis.
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