Return to: Medical NewsSurgical Equipment Global Market to Reach $32.5 billion by 2030, Demand Growth Lead by Asia-Pacific Region with 9.5% CAGR (2024-2030)Industry Experts, Inc., released its latest report on Surgical Equipment Market, which projects the global demand to reach US$32.5 billion by 2030 from an estimated market size of US$19.8 billion in 2024 at a CAGR of 8.6% between the two years. The surgical equipment market growth is driven by the increasing incidence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes, which result in a higher need for surgical procedures. The growing number of geriatric populations, who are more vulnerable to various health issues, also drives the demand for surgeries. Innovations in technology, especially in minimally invasive surgery (MIS), serve as another catalyst for growth, as MIS provides advantages like quick recovery times and a decreased likelihood of complications. North America dominates the global surgical equipment market in 2024, holding a 38.2% share due to a significant incidence of chronic diseases, an aging demographic, advanced healthcare systems, and an increasing demand for minimally invasive procedures and robust healthcare expenditures. In contrast, the Asia Pacific region is expected to experience the fastest growth rate with a CAGR of 9.5% during the forecast period 2024-2030, propelled by rising disposable incomes in nations such as India, China, and Japan, as well as an upsurge in plastic, reconstructive, cardiovascular, and orthopedic surgeries. The report studies the surgical equipment market across all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World. The market for major types of surgical equipment analyzed in this report includes Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices and Other Surgical Equipment (Including Powered Surgical Instruments, Endoscopic Equipment, Surgical Hernia Mesh, Surgical Glue and Sealants, and Others). The study also examines the market by applications of surgical equipment, comprising Obstetrics & Gynecology, Orthopedic, Cardiovascular, Neurosurgery, Plastic & Reconstructive Surgery and Other Applications (Including Ophthalmic Surgery, ENT Surgery, Urology, General Surgery, and Others). By end-user facility, the global market for surgical equipment has been categorized into Hospitals, Ambulatory Surgery Centers (ASCs) and Other End-Users (Including Specialty Surgery Centers, and Research and Academic Institutions). About Industry Experts, Inc Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Surgical Equipment Global Market to Reach $32.5 billion by 2030, Demand Growth Lead by Asia-Pacific Region with 9.5% CAGR (2024-2030) Submitted on: January 30, 2025 05:41:54 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/medical-equipment-supplies/global-surgical-equipment-market |