Norway Surgical Equipment Market Size & Outlook, 2023-2030
Norway surgical equipment market, 2018-2030 (US$M)
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Norway surgical equipment market highlights
- The Norway surgical equipment market generated a revenue of USD 232.9 million in 2023 and is expected to reach USD 399.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 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.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 232.9 million |
| Market revenue in 2030 | USD 399.7 million |
| Growth rate | 8% (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, Norway accounted for 1.4% 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 Europe, Germany surgical equipment market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 860.5 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 44.78% in 2023. Horizon Databook has segmented the Norway 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 rising adoption of minimally invasive surgical procedures by surgeons, coupled with increasing investment by the regional government for the development of healthcare infrastructure, is driving market growth. Moreover, according to Norway Country Health Profile 2021, the healthcare budget for 2021 was increased by 9.5% compared to the healthcare budget of 2020.
The large availability of advanced surgical equipment products, a growing elderly population, and increasing acceptance of these products by surgeons have positively influenced the market. The surgical equipment market in Norway is supported by a sophisticated, patient-centered healthcare system that values innovation, quality, and safety.
This infrastructure ensures that patients suffering from heart-related conditions receive excellent care and have access to the latest surgical equipment. These developments allow medical professionals to perform safe surgeries without causing any problems.
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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 Norway surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Norway surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway surgical equipment market size, by product, 2018-2030 (US$M)
Norway Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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