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The surgical equipment industry is growing due to aging populations, advances in anesthetics, emerging economies, and technological innovation. 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. Lasers account for almost 50% of the powered surgical device sub-segment, with overall electrosurgical devices showing a yearly growth rate of 6.5%.
According to Global Data, the wound closure device market is forecast to grow at a yearly rate of 5% to 2016.
Currently, the US represents the largest regional market for surgical equipment, with 35% market share. 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.
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.
Medical technology company Conmed Corporation specializes in surgical equipment used in minimally invasive surgery, spanning endosurgery, electrosurgery, arthroscopy (joint surgery) and endoscopy.
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. Other major market players include: Boston Scientific, Gyrus Medical, Cytyc Corporation, Medtronic, Intact Medical Corporation, Megadyne, Novasys and ERBE Elektromedizin. The surgical equipment market will continue to grow largely thanks to increased surgical interventions needed to treat rising medical conditions such as obesity, pancreatic diseases and gall bladder diseases. This BCC Research report studies the present status of the worldwide catheter market and evaluates its potential over the five-year period from 2016 to 2021.
Next Generation Stent Technologies (TechVision) : A Strategic Review of the Global Stent Market The coronary stent market is in the midst of tremendous change.
According to Stratistics MRC, the Global Guidewires Market is expected to reach $2.5 billion by 2022 during the forecast period 2015 to 2022. The operating room equipment market report evaluates each of the segments and its sub-categories in detail for market trends, recent developments, outlook, and opportunities.


ReportLinker simplifies how Analysts and Decision Makers get industry data for their business. We would like to introduce our Magazine Pharma & Chemicals which caters to the basic needs of the Pharmaceutical, Medical & Chemical Manufacturing world. Our B2B segment magazines have also been widely accepted by industry professionals as well as layman. We like to introduce our Magazine Packaging & Pharma which caters to the basic needs of the Pharmaceutical, Medical Manufacturing world. The sector of Packaging is the technology of enclosing or protecting products for distribution, storage, sale, and use. GBI Research predicts the global surgical equipment market to surpass $7 billion by 2016, with a 6% compound annual growth rate.
Surgical sutures are not far behind with a 7% compound annual growth rate, and are predicted to expand to $4.5 billion by 2016. Growth will be fuelled by demand for hemostats and tissue sealants, which are both used to control bleeding during surgery. 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.
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. 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. 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.
Increasing demand for cosmetic surgery is also driving the need for surgical equipment, with a 5.1 million rise in cosmetic procedures registered in the US in the past 10 years.
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The Pharmaceutical Industry in India is the 3rd largest in the world as its well known in the market for the supply and the trading done of wide range of chemicals which are made use of especially in the Pharma Industry and these products have been procured by well known vendors in the Industry.


Overall, sutures could make up more than 60% of surgical equipment worth in the next 5 years.
Overall, the US should hit the $2.5 billion mark in 2016, with a 5% compound annual growth rate, according to GBI Research. Its biosurgery division includes Biopatch wound dressings and absorbable hemostats used to limit bleeding.
ArthroCare is known for its patented coblation technology and its arthroscopic surgery products, the Opus and Atlantech collections. Indian Pharma industry is among the emerging markets globally and is a front runner in a wide range of specialties involving complex Drug manufacture development and technology as its highly knowledge based Industry and plays a major role in the Indian Economy .
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