North America Surgical Equipment Market Size & Outlook
North America surgical equipment market, 2018-2030 (US$M)
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North America surgical equipment market highlights
- The North America surgical equipment market generated a revenue of USD 6,827.3 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,827.3 million |
| Market revenue in 2030 | USD 12,445.4 million |
| Growth rate | 9% (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, North America region accounted for 40.5% 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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North America 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 44.68% in 2023. Horizon Databook has segmented the North America 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.
North America’s dominance in the market can be attributed to factors such as high healthcare expenditure, the presence of well-established hospitals, and major players operating in the U.S. In addition, the increasing incidence of cardiovascular disorders is also creating substantial demand for surgical equipment.
Minimally invasive techniques are gaining traction as they offer more benefits than regular procedures.As a result, the market under consideration is anticipated to grow over the forecast period.
Furthermore, various companies, such as Medtronic, B. Braun SE, and Johnson & Johnson Services, Inc., operate in North American countries, such as the U.S. and Canada, and have gained significant global recognition for their innovative approaches to developing essential medical solutions. Their worldwide presence and influence highlight North America's leading position in this sector.
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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 North America surgical equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America surgical equipment market size, by country, 2018-2030 (US$M)
North America Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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