Australia Surgical Equipment Market Size & Outlook
Australia surgical equipment market, 2018-2030 (US$M)
Related Markets
Australia surgical equipment market highlights
- The Australia surgical equipment market generated a revenue of USD 469.4 million in 2023 and is expected to reach USD 999.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.4% 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.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 469.4 million |
| Market revenue in 2030 | USD 999.9 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.8% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China surgical equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,921.1 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 44.84% in 2023. Horizon Databook has segmented the Australia 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.
The competition in Australia's surgical equipment market is anticipated to increase significantly due to the growing focus of industry participants on improving the reach of their surgical equipment. Manufacturers and companies are undertaking numerous initiatives, such as product launches & partnerships, to increase the accessibility and availability of their surgical instruments.
These forceps can be used in various clinical settings to diagnose various gastrointestinal conditions. Thus, such launches of surgical equipment like forceps are anticipated to boost the competition in the Australia market. In addition, in July 2019, Enztec, a surgical equipment provider, launched Enztec Australia Ltd., a regulatory vehicle facilitating the registration and smooth adoption of Enztec products.
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Australia surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia surgical equipment market size, by product, 2018-2030 (US$M)
Australia Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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