India Surgical Equipment Market Size & Outlook, 2023-2030
India surgical equipment market, 2018-2030 (US$M)
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India surgical equipment market highlights
- The India surgical equipment market generated a revenue of USD 688.2 million in 2023 and is expected to reach USD 1,331.1 million by 2030.
- The India market is expected to grow at a CAGR of 9.9% 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 688.2 million |
| Market revenue in 2030 | USD 1,331.1 million |
| Growth rate | 9.9% (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, India accounted for 4.1% 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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India 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 45.29% in 2023. Horizon Databook has segmented the India 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 surgical equipment market in India is anticipated to grow significantly due to the increasing launches of surgical equipment such as sutures and other devices. The companies operating in the country market are launching novel surgical instruments that can be used in surgeries.
In addition, the major companies are also launching surgical equipment in the country market. For instance, in September 2020, Medtronic plc’s subsidiary India Medtronic Private Limited revealed the introduction of an ultrasonic dissection device, the Sonicision Curved Jaw Cordless Ultrasonic Dissection System.
The device can be used as a substitute for electrosurgery, steel scalpels, lasers in plastic, general, urologic, pediatric, gynecologic, orthopedic structures, and endoscopic procedures. Such developments from key players like Medtronic in the Indian market are anticipated to boost the competition in the surgical equipment market in India.
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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 country-level data and insights on the India surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into India surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India surgical equipment market size, by product, 2018-2030 (US$M)
India Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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