What is the Surgical Equipment Market Size?
The global surgical equipment market size is calculated at USD 20.30 billion in 2025 and is predicted to increase from USD 22.25 billion in 2026 to approximately USD 50.14 billion by 2035, expanding at a CAGR of 9.46% from 2026 to 2035.
Market Highlights
- North America led the global market with the highest market share of 45% in 2025.
- By product, the surgical sutures & staplers segment has held the largest market share of 46% in 2025.
- By application, the obstetrics & gynecology segment captured the biggest revenue share of 22% in 2025.
Market Size and Forecast
- Market Size in 2025: USD 20.30 Billion
- Market Size in 2026: USD 22.25 Billion
- Forecasted Market Size by 2035: USD 50.14 Billion
- CAGR (2026-2035): 9.46%
- Largest Market in 2025: North America
Technological Advancement
Technological advancements in the surgical equipment market feature robotics, imaging, 3D printing, smart devices, and minimally invasive surgery (MIS). Robotics and AI technology are used in assisting surgery, helping in undertaking complex surgical procedures. The minimally invasive surgery (MIS) technique consists of the endoscope and laparoscopic instruments. This advancement helps in quick recovery and reduces trauma by discarding challenging complications. The imaging technologies include augmented reality and 3D virtualization. These features enable the availability of surgeons with solutions to complex surgeries. Smart devices and connectivity are a solution to communications, supporting connection and in-time interaction across operating rooms.
The 3D printing introduces surgical tools, allowing customization of instruments and providing accurate treatment to individual patients. The advancement in the healthcare sector is encouraging medical providers to improve and advance their practice. The scope for innovation is occupying space to polish the skills of professionals and familiarizing technology in a hospital environment.
Surgical Equipment Market Growth Factors
The global surgical equipment market is primarily driven by the growing prevalence of chronic diseases, growing geriatric population, and rising number of road accident cases across the globe. According to the Unite Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 ad this number is expected 2.1 billion by 2050. The old age people are prone to the chronic diseases and may boost the demand for various surgery treatments, thereby boosting the demand for the surgical equipment. Moreover, the increasing awareness regarding the non-invasive surgeries among the population is boosting the demand for the surgeries, which is boosting the growth of the global surgical equipment market. The rising awareness regarding the cost benefits associated with the early surgical intervention is also one of the important factors that drives the demand for the surgeries among the patients. The technological advancements in the surgery equipment and rising investments by the market players is expected to provide growth opportunities in the foreseeable future. The demand for the advanced and innovative surgical equipment is rising across the healthcare sector.
The rising government investments for the development of healthcare infrastructure and favorable policies to attract FDIs in the developing regions is boosting the growth of the surgical equipment. The rising number of injuries such as sports injury, road accident injury, and rising number of cardiac surgeries is propelling the consumption of surgical equipment. According to the World Health Organization, around 32% of the global deaths were directly linked to the cardiovascular diseases in 2019. Therefore, the rising incidences of the cardiovascular diseases is expected to drive the growth of the global surgical equipment market. According to the Orthopedic Journal of Sports Medicine, the athletes in China showed higher rate of injuries as compared to the American athletes. Hence, the rising number of sports injuries is fueling the demand for the surgical equipment market.
Market Scope
| Report Highlights | Details |
| Market Size by 2035 | USD 50.14 Billion |
| Market Size in 2025 | USD 20.30 Billion |
| Market Size in 2026 | USD 55.25 Billion |
| Growth Rate from 2026 to 2035 | CAGR of 9.60% |
| Largest Market | North America |
| Base Year | 2025 |
| Forecast Period | 2026 to 2035 |
| Segments Covered | Product, Application, and Region |
| Regions Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
Segments Insights
Product Insights
The surgical sutures & staplers segment accounted for around 46% of the market share in 2024 and is projected to remain its dominance. The extensive usage of surgical sutures & staplers in the wound closure application has increased the consumption and created the dominance of this segment. Staplers involves low risk of infections and facilitates quick wound healing, which further fuels the growth of this segment.
The electrosurgical devices is estimated to be the most opportunistic segment during the forecast period. This is attributed to the emergence of minimal-invasive surgery and its rapidly growing popularity among the population. The minimally-invasive surgeries offers quick healing and reduces the time of hospital stay for the patients. The technological advancements and development of various electrosurgical equipment is expected to rapidly boost the growth of this segment.
Application Insights
The obstetrics & gynecology segment accounted for more than 22% of the market share in 2024. This is attributed to the increasing number of baby births. Moreover, various complications related to pregnancy owing to the increasing prevalence of women reproductive organ disorder among the female population has increased the number of gynecological surgeries. Moreover, the rising number of cesarean deliveries is also expected to boost the growth of this segment.
Neurosurgery segment is expected to register highest growth rate during the forecast period. This is due the increasing demand for the neurological surgeries among the population owing to the rising cases of neurological disorders. The technological advancements in the surgical equipment field resulted in the development of efficient and minimally invasive surgical equipment, which is expected to drive the growth of this segment during the forecast period.
Regional Insights
U.S. Surgical Equipment Market Size and Growth 2026 to 2035
The U.S. surgical equipment market size is exhibited at USD 7.34 billion in 2025 and is predicted to be worth around USD 18.41 billion by 2035, at a CAGR of 9.63% from 2026 to 2035.
North America dominated the global surgical equipment market with share of 45% in 2025, in terms of revenue and is estimated to sustain its dominance during the forecast period. North America is characterized by increased prevalence of chronic diseases and growing geriatric population. The increased awareness regarding the benefits of the surgical treatments and rising demand for the minimally invasive surgeries across the region is fostering the market growth. Moreover, the presence of strong and developed healthcare infrastructure in the region benefits the market owing to the increased penetration of hospitals, clinics, and ambulatory services. Furthermore, the increased disposable income, increased health awareness, and rising consumer expenditure on healthcare is expected to drive the growth of the market.
North America is dominating the surgical equipment market. North America holds an immense number of medical institutions and an advanced healthcare infrastructure. Eventually, the demand for advancement and equipment rises to meet hospital requirements. The developmental process is initiated at the regulatory level and on innovative terms.
What Makes Asia Pacific the Most Opportunistic Market for Surgical Equipment?
Asia Pacific is expected to be the most opportunistic market during the forecast period. This is attributed to the rising penetration of healthcare facilities in the region, rapid urbanization, growing number of hospitals, presence of huge population, and rising prevalence of chronic diseases. Moreover, the increased number of road traffic accidents is boosting the growth of the surgical equipment market. According to the World Health Organization, around 93% of the global road accidents occur in low and middle income countries, and it is one of the major causes of death among the children and young adults.
What Makes Europe a Notably Growing Area in the Surgical Equipment Market?
Europe is expected to grow at a notable rate during the forecast period. This is mainly due to the increasing adoption of advanced technologies, including minimally invasive surgery (MIS) devices, robotics, and power-assisted systems. The region is significantly investing in improving and modernizing its healthcare infrastructure. Countries such as France, Germany, and the UK are leading the way in the region, consistently working to enhance their healthcare systems by constructing new hospitals and surgical centers. Various governments have also allocated substantial funds to build and upgrade hospitals, surgical centers, and outpatient clinics, further contributing to the market.
What Potentiates the Market in Latin America?
The surgical equipment market in Latin America is being driven by the region's continuous focus on the development of advanced medical instruments and devices used in surgical procedures across hospitals, ambulatory surgery centers, and specialty clinics. There is a growing demand for energy-based surgical devices, including laser, ultrasound, and radiofrequency instruments, which are increasingly utilized in fields such as dermatology, oncology, and ophthalmology. Additionally, local manufacturers are prioritizing the design of ergonomic and user-friendly instruments to reduce surgeon fatigue and enhance precision, further boosting the market's growth potential.
What Opportunities Exist in the Middle East & Africa?
The Middle East & Africa (MEA) presents significant opportunities in the surgical equipment market, fueled by the growing demand for advanced surgical technologies, increased healthcare spending, and expanding healthcare infrastructure across the region. Moreover, the rising prevalence of chronic diseases, aging populations, and the increasing number of surgical procedures further drive market growth. Technological advancements such as integrated operating room systems and digital surgical platforms are also gaining popularity, improving operational efficiency and patient outcomes. The UAE and South Africa, in particular, are experiencing rapid development in healthcare infrastructure, supported by strong government investments and the quick adoption of innovative technologies.
Value Chain Analysis
- Raw Material Sourcing
This stage involves procuring high-grade stainless steel for equipment development, valued for its superior rust resistance and ability to maintain a sharp, knife-like edge even with repeated use.
Key Players: Sandvick, Zeiss, Corning - Manufacturing and Quality Control
This stage covers production, precision assembly, software integration, sterilization, and strict quality testing to ensure safety and performance.
Key Players: Stryker, Zimmer Biomet, Medtronic - Sterilization and Packaging
This stage focuses on packaging and sterilization, ensuring instruments remain sterile and safe during transport using standardized containers and climate-controlled shipping.
Key Players: Cardinal Health, McKesson, Henry Schein
Surgical Equipment Market Companies
- B Braun Melsungen AG
- Conmed Corporation
- Cadence
- Stryker Corporation
- Olympus Corporation
- Ethicon, Inc.
- Micron Biomedical
- Alcon Laboratories
- Medtronic
- Aspen Surgical
Key Companies Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
In September 2019, Medtronic introduced Hugo RAS, which is a robot-assisted system for surgeries.
The various developmental strategies like new product launches, acquisition, partnerships, mergers, and government policies fosters market growth and offers lucrative growth opportunities to the market players.
Recent Developments
- In January 2025, JUNE MEDICAL, an award-winning global provider of innovative medical devices, and Aspen Surgical, a leading supplier of surgical devices, announced a strategic collaboration to distribute the Galaxy II retractor system across the U.S. market. This partnership leverage Aspen Surgical's sales network to expand access to JUNE MEDICAL's Galaxy II retractor system, a versatile surgical device that has transformed retraction in multiple specialties, from general surgery to orthopedics, gynecology, and beyond.
(Source:https: bing.com ) - In May 2025, Shanmuga Hospital Ltd announced the purchase of robotic surgical equipment, which has achieved successful completion and installation. The adoption of new technology improves service and enhances patient treatment.
(Source - equitybulls.com) - In January 2025, Montagu announced its intention to create a world-leading medical devices supplier by supporting the merger of Tyber Medical, Intech, and Resolve Surgical Technologies.
(Source -todaysmedicaldevelopments.com)
Segments Covered in the Report
By Product
- Surgical Sutures & Staplers
- Handheld Surgical Device
- Electrosurgical Devices
By Application
- Neurosurgery
- Wound Care
- Obstetrics & Gynecology
- Cardiovascular
- Orthopedic
- Plastic & Reconstructive Surgery
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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