Asia Pacific Surgical Equipment Market Size & Outlook
Asia Pacific surgical equipment market, 2018-2030 (US$M)
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Asia Pacific surgical equipment market highlights
- The Asia Pacific surgical equipment market generated a revenue of USD 3,642.6 million in 2023.
- The market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,642.6 million |
| Market revenue in 2030 | USD 7,468.4 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.6% of the global surgical equipment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,468.4 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific surgical equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.04% in 2023. Horizon Databook has segmented the Asia Pacific surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to witness exponential growth over the forecast period. The rapidly aging population, rising chronic disease prevalence, and significant healthcare spending in the region are some of the main drivers of market expansion.
Moreover, the market is driven by increasing product launches from major industry players, such as Medtronic and Cook Medical, indicating their commitment to expanding their presence in Asia Pacific. As these key players continue to innovate, the market in this region is expected to witness significant growth, with increased accessibility to this essential surgical equipment across various countries in Asia Pacific.
In addition, the increasing focus of industry participants on the Asia Pacific surgical equipment market is anticipated to boost the segment growth. The companies operating in the regional market are undertaking various strategies, such as product launches & acquisitions, to strengthen their position in the industry.
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Target buyers of Asia Pacific surgical equipment market databook
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific surgical equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific surgical equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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