Europe Surgical Equipment Market Size & Outlook, 2023-2030
Europe surgical equipment market, 2018-2030 (US$M)
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Europe surgical equipment market highlights
- The Europe surgical equipment market generated a revenue of USD 4,801.6 million in 2023.
- The market is expected to grow at a CAGR of 8.7% 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, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,801.6 million |
| Market revenue in 2030 | USD 8,613.9 million |
| Growth rate | 8.7% (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, Europe region accounted for 28.5% 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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Europe 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 44.91% in 2023. Horizon Databook has segmented the Europe 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.
Europe held the second-largest revenue share of the global surgical equipment market in 2023. Growth in the region can be attributed to the rising demand for surgical equipment and a noticeable surge in surgical procedures related to various disease conditions. Thus, the increasing number of surgeries is expected to boost demand for surgical equipment in the region, thereby driving market growth.
In Europe, the increasing awareness of the benefits of surgical procedures is responsible for the market growth, as it helps avoid the risk of death caused by diseases. Various conferences are organized in Europe to spread education & awareness.
During its first edition, around 2,439 industry visitors like healthcare professionals visited this trade fair. Such initiatives are expected to boost surgical equipment promotion in the near future, thereby driving market growth. Moreover, the presence of key players engaged in developing & commercializing novel surgical equipment is anticipated to have a positive impact on regional growth.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe surgical equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe surgical equipment market size, by country, 2018-2030 (US$M)
Europe Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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