The surgical equipment market was valued at about USD 16.4 billion in 2023, and it will power at a rate of 9.1% by the end of this decade, to touch USD 30.1 billion by 2030. 

The industry growth is because of the growing healthcare cost, increasing occurrence of lifestyle related diseases that need a surgical procedure, large unmet surgical needs, and increasing ageing population. 

The increasing preference for robotic surgeries, owing to their better accuracy, control, and flexibility than the traditional methods will boost the industry advance. Together with this, stalwarts of the market continue to follow the growth of surgical robots and related tools for meeting the demand of the patients.

The growing requirement for powered surgical tools is one of the major opportunities. With the snowballing consciousness of improved post-operative outcomes, the requirement for surgical tools, which are powered by electricity and other energy forms is rising. 

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The obstetrics and gynecology category contributes significantly to the surgical equipment industry. This is due to the increasing number of births and the rapid surge in the occurrence of female reproductive organ ailments, which has given rise to in an increase in gynecological surgery volume.

The plastic and reconstructive surgery category will observe a fast growth during the forecast period. The surging requirement to enhance one’s aesthetic appeal and technological advancements are likely to drive the progress of this category. 

North America leads the surgical equipment market, and this trend will continue in the years to come as well. This is credited to the increasing incidence of chronic ailments and the growing ageing population. Furthermore, the growing awareness pertaining to the advantages of surgical treatments and the rising need for laparoscopic surgeries will enhance the growth of the industry.

APAC will observe the fastest growth by the end of this decade. This has a lot to do with the quick development, increasing number of healthcare facilities, growing occurrence of chronic ailments, and the huge populace in the region.

Due to the growing incidence of the diseases related to lifestyle, all over the world, the demand for surgical equipment is on the way of growth, and will continue like this in the future as well.