1. Market Research
  2. > Medical Devices Market Trends
  3. > Surgical Equipment

Breakthroughs that will shape the future of the surgery market

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
17 votes

Global Surgical Equipment Industry

The surgical equipment industry is growing due to aging populations, advances in anesthetics, emerging economies, and technological innovation. GBI Research predicts the global surgical equipment market to surpass $7 billion by 2016, with a 6% compound annual growth rate.

Industry products are primarily made up of powered devices (such as lasers, electrosurgery products and heavier cutting tools), handheld non-powered instruments (such as scalpels, blades, clamps and scissors) and wound closure products (such as staples and sutures).

Challenges to surgical market entry and success include high start-up costs, the need for highly-specialized technical knowledge and strict product regulations, such as those set by the FDA, which risk suspensions and heavy penalties for non-compliance.

Key Market Segments

Lasers account for almost 50% of the powered surgical device sub-segment, with overall electrosurgical devices showing a yearly growth rate of 6.5%. Surgical sutures are not far behind with a 7% compound annual growth rate, and are predicted to expand to $4.5 billion by 2016. Overall, sutures could make up more than 60% of surgical equipment worth in the next 5 years.

According to Global Data, the wound closure device market is forecast to grow at a yearly rate of 5% to 2016. Growth will be fuelled by demand for hemostats and tissue sealants, which are both used to control bleeding during surgery.

Regional Market Leaders

Currently, the US represents the largest regional market for surgical equipment, with 35% market share. However, it could see a decline of 4% market share by 2016 caused in part by cuts to US Medicare and Medicaid spending and increased healthcare investments in growing markets, such as the EU, China, India and Japan. Overall, the US should hit the $2.5 billion mark in 2016, with a 5% compound annual growth rate, according to GBI Research.

In China and India, surgical equipment should see an even faster annual growth rate of 8%, driven by greater healthcare investment, quality and availability combined with growing populations and patient bases that have increasing financial means. Additional growth should come from the manufacture of hand-held surgical instruments, which are often produced in developing countries – with Pakistan accounting for 25% of global non-powered surgical instrument production.

Major Industry Players

Ethicon, a member of the Johnson & Johnson family, leads the global surgical equipment market, with over an estimated 33% of market share thanks to, in part, its surgical sutures. The company’s other leading products include: Ultracision Harmonic Scalpel, an ultrasound-guided scalpel that limits tissue damage; Proceed, Ultrapro and Prolene lightweight mesh products; and Dermabond skin adhesive for stitch-free wound closure. Its biosurgery division includes Biopatch wound dressings and absorbable hemostats used to limit bleeding.

Medical technology company Conmed Corporation specializes in surgical equipment used in minimally invasive surgery, spanning endosurgery, electrosurgery, arthroscopy (joint surgery) and endoscopy. Over 50% of the US-based company’s revenue is from international sales, which totaled almost $185 million in the first six months of 2011.

ArthroCare Corporation leads for surgical products linked to ear, nose and throat procedures, a segment that accounted for 28% of the company's sales in 2010. The market for surgical equipment used in tonsillectomies is vast, with the company estimating that 600,000 of these procedures are performed annually in the US. ArthroCare is known for its patented coblation technology and its arthroscopic surgery products, the Opus and Atlantech collections. The company has over 210 patents in the US and more than 170 global patents.

Other major market players include: Boston Scientific, Gyrus Medical, Cytyc Corporation, Medtronic, Intact Medical Corporation, Megadyne, Novasys and ERBE Elektromedizin.

Suture Material, Sterile Surgical & Dental Goods Trade

Read more »

Share
24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 200 reports

Surgical Equipment Industry in the US

  • January 2015
    6 pages
  • Surgical Equipm  

    Suture  

  • United States  

View report >

The future of the Surgical Equipment Industry in Europe

  • January 2013
    8 pages
  • Guidewire  

    Surgery Instrum  

    Stent  

  • Europe  

View report >

Surgical Equipment Market Trends in Japan

  • January 2013
    5 pages
  • Guiding Cathete  

    Stent  

    Surgery Instrum  

  • Japan  

View report >

Surgical Equipment Industry in Germany

  • July 2014
    18 pages
  • Surgical Equipm  

  • Germany  

View report >

Surgical Equipment Industry in the UK and the US

  • January 2014
    7 pages
  • Surgical Equipm  

  • United Kingdom  

    United States  

View report >

Surgical Equipment Industry in Brazil

  • January 2013
    6 pages
  • Surgical Equipm  

    Hemodialysis  

  • Brazil  

View report >

Surgical Equipment Industry in China

  • August 2015
    10 pages
  • Surgical Equipm  

  • China  

View report >

Surgical Equipment Industry in South Korea

  • January 2013
    10 pages
  • Stent  

    Surgery Instrum  

    Introducer Shea  

  • South Korea  

    Japan  

View report >

Hospital Statistics in Australia

  • November 2015
    58 pages
  • Hospital  

    Operating Theat  

    Surgery  

  • Australia  

View report >

Search in Surgical Equipment Industry (About 200 reports)
Parent industry: Medical Devices
Related industries: Cardiovascular Devices, Dental Equipment, Medical Equipment and Supply, Ophthalmic Devices, Orthopedic, Respiratory Devices, Diagnostics

About 1 400 reports

Purchase Reports From Reputable Market Research Publishers
(From € 120 - € 6 000)

Neurointerventional Devices Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

Neurointerventional Devices Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

  • € 6 000
  • Industry report
  • November 2015
  • by Future Market Insight Global & Consulting Pvt Ltd

This Future Market Insights report examines the ‘Neurointerventional Devices Market’ for the period 2015-2025. The primary objective of the report is to offer updates and in-depth analysis of market ...

Us Surgical Video And Imaging Technology: Camera System ...

December 2015 € 5 196

Analysis Of The Global Fibrinogen Market And Product Pi ...

December 2015 € 4 800

Us Surgical Tables, Microscopes And Insufflation Device ...

December 2015 € 3 996

Us Surgical Lights, Booms And Tables - 2016

December 2015 € 3 996

Us Operating Room Lighting, Light Sources And Headlight ...

December 2015 € 3 996

Radiofrequency Ablation Devices For Pain Management Mar ...

November 2015 € 3 836

Operating Room Equipment & Supplies Market By Equipment ...

January 2016 € 3 720

Powered Surgical Instruments Market By Power Source, By ...

December 2015 € 3 720

Extracorporeal Membrane Oxygenation Systems Market By ...

December 2015 € 3 720

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.