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Surgical Equipment Market to Reach US$ 13,802.4 Million by 2028 | Ethicon, Inc. (Johnson & Johnson), Covidien Plc. (Medtronic Plc.), B. Braun Melsungen AG

July 27th, 2022 Coherent Market Insights Releases

Surgical instruments allow surgeons to open soft tissue, remove bone, and dissect the lesion or abnormal structure. Bigger instruments are used for initial exposure, and finer instruments are used for delicate structures. Instruments such as scissors and forceps are used to manipulate and pick up tissue. Dissectors are used to separate layers of tissue, allowing surgeons to isolate a lesion and prevent it from spreading. Surgical instruments are essential to the success of the surgical team.

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Some surgical equipment is made of aluminium, which is lightweight and can be treated with an electrochemical process called anodisation. The process forms an oxide layer on aluminium, offering great corrosion resistance. However, this layer is easily damaged by certain cleaning solutions, disinfecting solutions, and abrasive brushes. In addition to aluminium, tungsten carbide is another type of surgical instrument that is resistant to corrosion and wear and tear.

Statistics:

The global surgical equipment market is estimated to account for US$ 13,802.4 Mn in terms of value by the end of 2027.

Global Surgical Equipment Market: Drivers

Rise in number of emergency surgeries is propelling growth of the global surgical equipment market. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.

Global Surgical Equipment Market: Opportunities

Development and approval of Augmented Reality (AR) for use in surgery is expected to serve lucrative growth opportunities for players in the global surgical equipment market. For instance, in May 2020, Taiwan Main Orthopaedic Biotechnology Co., Ltd. received CE and U.S. Food and Drug Administration approval for its AR Smart Surgical Glasses Foresee-X.

Global Surgical Equipment Market: Restraints

Recall of products is a major factor expected to hinder growth of the market. For instance, in January 2020, Cardinal Health issued a voluntary recall of 9.1 million surgical gowns due to potential quality issues with the Level 3 gowns and the Presource procedure packs that contain them.

Key Takeaways:

The global surgical equipment market was valued at US$ 8,435.2 Mn in 2019 and is forecast to reach a value of US$ 13,802.4 Mn by 2027 at a CAGR of 6.4% between 2020 and 2027. Increasing prevalence of chronic disorders during the forecast period is expected to assist the growth of the market

Surgical Sutures segment held dominant position in the global surgical equipment market in 2019, accounting for 60.1% share in terms of value. Increasing number of surgical procedures in developed and developing economies during the forecast period.

Market Trends

Major players are focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2019, Johnson & Johnson announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a strategic collaboration with Verily, an Alphabet company.

Major players are also developing products for mitigating the risk of hospital-acquired infections. For instance, in July 2019, B. Braun Melsungen AG partnered with GWA Hygiene for prevention of hospital-acquired infections through integration of B. Braun’s new disinfectant dispenser with GWA Hygiene’s NosoEx sensor technology.

The Safe Medical Devices Act of 1990 (SMDA) (Public Law 102-629) requires ambulatory surgery centers, hospitals, outpatient diagnostic centers, and other user facilities to report all incidents in which a medical device or user error may have caused or contributed to the death, serious injury or serious illness of a patient

Global Surgical Equipment Market: Competitive Landscape   

Major players operating in the global surgical equipment market include, Ethicon, Inc. (Johnson & Johnson), Covidien Plc,(Medtronic Plc.), B. Braun Melsungen AG, Medicon EG, Erbe Elektromedizin GmbH, Conmed Corporation, Carefusion, and Cardinal Health.

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Global Surgical Equipment Market: Key Developments

In June 2019, Erbe USA, a part of Erbe Elektromedizin GmbH, launched APCapplicator, a multimodal instrument with Argon Plasma Coagulation and additional electrosurgical functions

In February 2019, CONMED Corporation acquired Buffalo Filter LLC, a provider of surgical smoke evacuation technologies including smoke evacuation pencils, smoke evacuators, and laparoscopic solutions

Segmentation

Scope of the report

  • Global Surgical Equipment Market, By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
  • Global Surgical Equipment Market, By Region:
    • North America
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Surgical Sutures
          • Absorbable Sutures
          • Non Absorbable Sutures
        • Hand Instruments
        • Electrosurgical Devices
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Ethicon, Inc. (Johnson & Johnson) *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Covidien Plc. (Medtronic Plc.)
    • B. Braun Melsungen AG
    • Medicon EG
    • Erbe Elektromedizin GmbH
    • Conmed Corporation
    • Carefusion
    • Cardinal Health
  •  “*” marked represents similar segmentation in other categories in the respective section.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Surgical Equipment Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Surgical Equipment Industry Impact

Chapter 2 Global Surgical Equipment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Surgical Equipment (Volume and Value) by Type
2.3 Global Surgical Equipment (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Surgical Equipment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Surgical Equipment Market Analysis
Chapter 6 East Asia Surgical Equipment Market Analysis
Chapter 7 Europe Surgical Equipment Market Analysis
Chapter 8 South Asia Surgical Equipment Market Analysis
Chapter 9 Southeast Asia Surgical Equipment Market Analysis
Chapter 10 Middle East Surgical Equipment Market Analysis
Chapter 11 Africa Surgical Equipment Market Analysis
Chapter 12 Oceania Surgical Equipment Market Analysis
Chapter 13 South America Surgical Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Surgical Equipment Business
Chapter 15 Global Surgical Equipment Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology

About US

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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