The Business Research Company’s Surgical Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Surgical Equipment Global Market Report 2023 evaluates surgical equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The worldwide surgical equipment market has exhibited a noteworthy growth trajectory, surging from $27.05 billion in 2022 to an impressive $29.04 billion in 2023. This remarkable expansion, characterized by a Compound Annual Growth Rate (CAGR) of 7.4%, is indicative of the sector's resilience and adaptability. However, it is crucial to appreciate the context within which this growth has unfolded.
The turbulent landscape of global affairs, notably the Russia-Ukraine conflict, has cast a shadow over the prospects of worldwide economic recovery in the aftermath of the COVID-19 pandemic. This geopolitical strife has ushered in a series of far-reaching consequences, with economic sanctions levied against multiple nations, a steep surge in commodity prices, and a ripple effect on global supply chains. These disruptions have in turn contributed to an unsettling specter: inflation. The impact reverberates across the spectrum of goods and services, thus significantly influencing numerous markets across the globe.
Nonetheless, amid these challenges, the surgical equipment sector remains steadfast in its growth aspirations. It is anticipated that the market's size will continue its upward trajectory, projecting to reach a substantial $36.49 billion by 2027. This projection is underpinned by a calculated CAGR of 5.9%. The sector's ability to weather these geopolitical and economic storms showcases the fundamental importance of surgical equipment in the medical domain, underscoring its sustained growth potential. This augurs well for investors, stakeholders, and all those with an interest in the global healthcare equipment industry, while simultaneously highlighting the resilience of the sector in the face of complex global dynamics.
The surgical equipment market segments in the report are:
1) By Type: Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
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The table of contents in TBRC’s surgical equipment market report includes:
1. Executive Summary
2. Report Structure
3. Surgical Equipment Market Characteristics
4. Surgical Equipment Market Product Analysis
5. Surgical Equipment Market Supply Chain
....
21. Key Mergers And Acquisitions In The Surgical Equipment Market
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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