October 2024
The surgical equipment market was estimated at US$ 16.91 billion in 2023 and is projected to grow to US$ 45.61 billion by 2034, rising at a compound annual growth rate (CAGR) of 9.44% from 2024 to 2034. The rising amounts of surgical procedures, advancements in medical technology, and increasing investments drive the market.
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Surgical equipment or instruments aid a surgeon in several surgical procedures. Various types of equipment are required to perform a surgery, depending on the type of surgery. The common surgical equipment includes scalpels, scissors, forceps, retractors, clamps, needles & sutures, suction, staplers, and laparoscopic instruments. They also comprise complex devices such as robotic systems and advanced imaging tools. These equipment have different functions and are used according to their requirements in a surgical procedure. The several operations performed using surgical instruments include opening a soft tissue, removing bones, dissecting and isolating the lesion, and removing or obliterating the abnormal structures. Healthcare professionals can improve the accuracy, dependability, and safety of their surgical procedures by giving priority to high-quality and compliant instruments.
Artificial Intelligence (AI) can play a vital role in every stage of surgical equipment, from manufacturing to its use. AI can automate the manufacturing process of surgical equipment, providing precise and reproducible results. AI can also help in designing novel surgical instruments with enhanced functions. The advancements in robotic surgical instruments help surgeons to perform complex surgical procedures without severe complications.
AI can also aid in verifying multiple surgical instruments before and after surgery, thereby reducing the time required for the task and streamlining the process. This prevents instrument misidentification by healthcare professionals. AI can also help in detecting the presence of bacteria or other microorganisms, potentiating the need for sterilization. Additionally, AI can predict the performance of equipment, determine its longevity, and suggest any maintenance or repair requirements. Hence, integrating AI generates the potential to greatly improve patient safety, enhance surgical efficiency, and reduce the risk of surgical complications.
| Company Name | Arthrex |
| Headquarters | Naples, Florida, United States |
| Recent Development | In January 2023, Arthrex announced the clearance of its ACL TightRope implant from the US FDA for pediatric indications. The implant is used in the surgical treatment of orthopedic injuries and is the first and only fixation device for pediatric ACL injuries. |
| Company Name | Medtronic Plc |
| Headquarters | Dublin, Ireland |
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Recent Development
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In May 2024, in order to broaden the indications of its Hugo robotic-assisted surgery system to include gynecology and hernias, Medtronic announced the start of new clinical trials. At Duke University Hospital in Durham, North Carolina, a robotically assisted bilateral inguinal hernia repair operation marked the start of the Enable Hernia Repair U.S. clinical study. |
| Consignee_Name | Shipper_Name | Product Description | Sum of Quantity | Sum of Weight |
| A And B Ingredients Inc | Cosucra Group | Starches and starch products | 24403 | 517290 |
| Achim Importing Co Inc | Nanjing Jinming New Decorative Mate | Other organic chemicals | 44587 | 209772 |
| Best Partner Supply Chain Inc | YoloTech Co Limited | Other organic chemicals | 38863 | 175135 |
| Ibic International Group Inc | Chongqing Tonghui Gas Co Limited Add | Other organic chemicals | 61754 | 176906 |
| Manildra Milling Corp | Shoalhaven Starches Pty Limited | Starches and starch products | 43200 | 2245285 |
| Naturz Organics Llc | Naturz Organics Dalian Co Limited | Starches and starch products | 24000 | 496000 |
| Noatum Logistics Peru Inc S R L | Noatum Logistics Portugal | Other organic chemicals | 55490 | 1033480 |
| Okaya USA | Okaya Co Limited | Other organic chemicals | 47539 | 6297576 |
| Playtex Manufacturing Inc | Kdc/One Swallowfield Station | Other organic chemicals | 42044 | 169389 |
| Purchaser Commerce Enterprises Llc | Hongkong Inchoii Co Limited | Other organic chemicals | 30720 | 206016 |
The rising geriatric population and several acute and chronic disorders increase the need for surgical procedures. Approximately 310 million surgeries are performed every year globally. The common surgeries performed globally include orthopedic surgery, cataract, appendectomy, hernia surgery, cesarean section, coronary artery bypass surgery, etc. It is estimated that 31 million cataract surgeries will be performed by the end of 2024, and it is estimated to increase to 37 million by 2029.
Additionally, organ transplantation surgeries are rising due to increasing chronic disorders. According to the Global Observatory on Donation and Transplantation, approximately 157,494 organs were transplanted annually in 2022. In addition, there were 9.5 million cancer surgeries performed worldwide in 2018. The rising trend of surgical procedures increases the demand and requirement for surgical equipment, thereby potentiating the market.
Supply chain disruption is a major challenge faced by many manufacturers. These disruptions can be caused due to natural disasters, political instability, or economic downturns. The complexities faced by manufacturers in supplying instruments globally include managing multiple suppliers across different regions, dealing with varying regulatory requirements, navigating customs, and import/export processes. According to a recent survey, supply chain disruptions are delaying surgeries and compromising patient care. This further increases the cost of the instruments due to the high cost of raw materials and associated production costs. This ultimately leads to a decrease in manufacturers' revenue.
3D printing or additive manufacturing is a technology used to manufacture three-dimensional objects from a digital file, typically by laying down many thin layers of a material in succession. 3D printing in medicine and healthcare has paved the way for developing objects used in specialty care such as orthopedics, pediatrics, radiology, and oncology. 3D printing has also been investigated to create surgical instruments. Conventional instrumentation systems are expensive upfront, slow to change, and frequently cause issues with the workflow.
3D printing can create almost any shape by layering an object, facilitating engineers to integrate several parts into a single unit. It offers a quick and affordable method of producing surgical instruments designed for each surgeon and procedure. This technique also enables the production of surgical instruments in less time, eliminating the need for hospitals to maintain a large inventory of equipment. The instruments produced using this technique can significantly improve the results and efficiency of the procedure. Thus, incorporating the 3D printing technique can replace large, expensive surgical trays with single-use, procedure-specific tools and reduce the supply chain and sterilization costs of hospitals.
The surgical sutures & staplers segment dominated the surgical equipment market in 2023. Surgical sutures & staplers are the most widely used surgical equipment during surgeries. Each surgery requires a minor or major cut in the body. These cuts or incisions are closed by the surgeons using either a suture or a stapler. Sutures are medical-grade threads that are used to close a wound. The thread is usually made up of nylon, silk, or polypropylene. Unlike sutures, surgical staplers are metal staples, generally made up of stainless steel or titanium. The use of sutures or staples depends on the type of surgery and the condition of the patient. These can be absorbable or non-absorbable. Non-absorbable sutures or staples are required to be removed from the site after a few days of the surgery to avoid severe infection. At the same time, absorbable sutures or staples are biodegradable and dissolve within the body, causing no harm to the patient.
The electrosurgical devices segment is expected to grow at the fastest rate in the surgical equipment market during the forecast period. Electrosurgical devices or units are types of surgical equipment used to incise and ablate tissue, destroy tissue through desiccation, and control bleeding by causing coagulation of blood. They consist of a generator and electrodes to produce heat with the help of a high-frequency, alternating electric current. These devices are widely used in surgical procedures such as Gastroenterology, General Surgery, obstetrics & gynecology, ENT, pulmonary medicine, dermatology, etc.
The disposable segment registered its dominance over the global surgical equipment market in 2023. Disposable surgical equipment is intended to be used on only one patient during a single procedure. These devices are then discarded and not used in another patient. Disposable equipment eliminates the extra step of sterilizing equipment, preventing cross-contamination among other patients as well as reduces the cost of sterilization. They are widely preferred to improve patient safety and reduce risk. Additionally, they are comparatively cheaper and more efficient to produce and use. Some common examples of surgical equipment include single-use anoscope, retractor, laryngoscope, operating scissors, and forceps.
The reusable segment is estimated to show lucrative growth in the surgical equipment market during the forecast period. Reusable surgical equipment are devices that are reprocessed and reused on multiple patients. These equipment are properly cleaned and sterilized before using for another patient. They are made of materials that can withstand repeated reprocessing, including manual brushing and the use of chemicals. Some common examples of reusable devices include surgical forceps, clamps, and endoscopes.
The others segment led the global surgical equipment market in 2023. Cataract surgery, appendectomy, hernia, bariatric surgery, cesarean section, general surgery, and spine surgery are some of the other common surgeries. The increasing number of these surgeries increases the demand for surgical equipment. Cataract surgery is the most common surgical procedure among the geriatric population. According to the WHO, 1 in 6 billion people worldwide will be aged 60 years or over. In addition, more than a billion people are living with obesity around the world. This rise in obese patients increases the chances of bariatric surgery. According to the American Society for Metabolic and Bariatric Surgery, around 279,967 bariatric surgeries were performed globally in 2022.
The plastic & reconstructive surgery surgical equipment segment is projected to expand rapidly in the surgical equipment market in the coming years. The International Society of Aesthetic Plastic Surgery noted an 11.2% rise in plastic surgeries, with more than 14.9 million surgeries performed globally. The most common plastic surgeries include liposuction, breast augmentation, eyelid surgery, abdominoplasty, and breast lift. The reconstructive surgeries are done to ameliorate facial and body abnormalities caused by birth defects, injury, disease, or aging. The most common reconstructive surgeries include tumor removal, hand surgery, breast reconstruction, maxillofacial surgery, and scar revision.
North America held the largest share of the surgical equipment market by 41% in 2023. The increasing number of surgical procedures, state-of-the-art healthcare infrastructure, technological advancements, and presence of key players drive the market. The US and Canada are at the forefront of driving the surgical equipment market. Out of the 310 million surgical procedures performed globally each year, around 40 to 50 million surgeries are performed in the US itself. In 2022, more than 7 million plastic surgeries were performed in the US, the highest among all. There were approximately 9.5 million neuromodulator procedures in 2023 in the US for wrinkle reduction and facial rejuvenation. The rise in cancer cases results in an increase in tumor removal surgeries. In 2023, there were around 351,591 tumor removal surgeries in the US. Additionally, favorable government policies and stringent regulations on safe, effective, and high-quality equipment increase patients’ trust in surgical procedures, augmenting the market growth. The market is also driven by favorable reimbursement policies and increasing collaborations in the region.
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Asia-Pacific is anticipated to grow at the fastest rate in the surgical equipment market during the forecast period. The increasing geriatric population, rising number of surgical procedures, and rapidly expanding healthcare infrastructure drive the market. An estimated 30 million surgical procedures are carried out in India every year. According to the World Bank Group, around 1,735 surgeries per 100,000 population were reported in Hong Kong in 2023. The number of plastic surgeries performed in the Asia-Pacific region is very high.
Countries like Japan, China, and the Republic of Korea are ranked third, fourth, and fifth globally in performing plastic surgeries. Favorable Government policies and investments boost the market growth. In 2022, the Chinese Government announced a loan incentive policy of US $29 billion to upgrade and renovate equipment in medical facilities. The Government offered discounted loans with an interest rate of 0.7% within two years. In addition, the FDI inflow of medical and surgical appliances in India was approximately $3.28 billion from Apr 2000 to Mar 2024. Also, Japan has the world’s largest market for medical devices, accounting for an estimated market size of 34,752 Yen in 2022.
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Deepa has certified the degree of Master’s in Pharmacy in the Pharmaceutical Quality Assurance department from Dr D.Y. Patil College of Pharmacy. Her research is focused on the healthcare industry. She is the author or co-author of four Review Articles, which include Solid dispersion a strategic method for poorly soluble drugs and solubility improvement techniques for poorly soluble drugs, Herbal Drugs Used In Treatment Of Cataracts, Nano sponges And Their Application in Cancer Prevention and Ayurvedic Remedies of Peptic ulcer. She has also published a Research Article on the Formulation and Evaluation of Mucoadhesive Tablets of Miconazole cocrystal which was published in GIS Science Journal Volume 9 Issue 8. Her passion for secondary research and desire to take on the challenge of solving unresolved issues is making her flourish is the in the research sector.
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