1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
  4. > Surgical Equipment

Surgery Equipment Market: Latest Industry Statistics and Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
20 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

+1 646 893 5945

1-10 of 42 reports

The future of the Medical Robot Industry

  • June 2017
    3 pages
  • Medical Robot  

    Laboratory  

    Robotics  

View report >

Cardiology Industry in the Netherlands

  • April 2017
    7 pages
  • Cardiology  

    Hospital  

    Refractive Surg...  

  • Netherlands  

    United States  

View report >

Surgical Equipment Industry in the US - Forecast

  • October 2016
    3 pages
  • Surgical Equipm...  

  • United States  

View report >

Global Medical Robot Forecast

  • February 2016
    3 pages
  • Medical Robot  

  • World  

    United States  

    Asia  

View report >

The future of the Medical Robot Industry

  • January 2016
    14 pages
  • Medical Robot  

  • World  

View report >

The future of the Medical Robot Industry

  • January 2016
    17 pages
  • Medical Robot  

  • World  

View report >

The future of the Medical Robot Industry

  • January 2016
    13 pages
  • Medical Robot  

  • World  

View report >

Health Services Statistics

  • May 2015
    141 pages
  • Ophthalmology  

    Surgery  

    Hospital  

View report >

Refractive Surgery Device Markets in the US

  • April 2015
    3 pages
  • Eyewear  

    Refractive Surg...  

  • United States  

View report >

Hospital Industry in the US - Forecast

  • January 2015
    7 pages
  • Hospital  

    Medical Robot  

  • United States  

View report >

Search in Surgical Equipment Industry (42 reports)
Parent industry: Medical Device
Related industries: In Vitro Diagnostics, Diagnostic Imaging, Cardiovascular Devices, Orthopedics, Respiratory Device, Dialysis Device, Endoscopic Device, Patient Monitoring

About 400 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 800 - $ 10450)

Robotic surgery interventions. European reimbursement report

  • $ 10450
  • Industry report
  • May 2017
  • by Med Tech Reimbursement Consulting

Report presents summary of reimbursement situation for procedures using robotic equipment in European countries. Five the most common robotic surgical procedures are included into report: total prostatectomy ...

Surgical Equipment Market Global Report 2017

July 2017 $ 6000

Bariatric Surgery Devices Market, Implantable Devices; ...

June 2017 $ 5795

Global Markets And Technologies For Medical Lasers

June 2017 $ 5501

Medical Robotics And Computer-assisted Surgery: The Glo ...

May 2017 $ 5501

Medical Bionic Implants And Exoskeletons Market: North ...

June 2017 $ 5000

Surgical Equipment/instruments Market Analysis By Produ ...

July 2017 $ 4950

Healthcare/medical Simulation Market : Global Forecast ...

May 2017 $ 4375

Global Medical Bionic Implants And Exoskeletons Market ...

July 2017 $ 4200

Abdominal Surgical Robot Market Shares, Strategies, And ...

May 2017 $ 4200

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