UK Surgical Equipment Market Size & Outlook, 2023-2030
UK surgical equipment market, 2018-2030 (US$M)
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UK surgical equipment market highlights
- The UK surgical equipment market generated a revenue of USD 788.9 million in 2023 and is expected to reach USD 1,338.9 million by 2030.
- The UK market is expected to grow at a CAGR of 7.8% 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 788.9 million |
| Market revenue in 2030 | USD 1,338.9 million |
| Growth rate | 7.8% (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, UK accounted for 4.7% 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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UK 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 45.05% in 2023. Horizon Databook has segmented the UK 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 the UK is expected to grow due to advancements in equipment used in surgical procedures. Key competitors in the market include CMR Surgical, Medtronic, Marsden Group, and others. Marsden Group provides a wide range of high-end surgical equipment products to hospitals & surgical centers.
In July 2024, Marsden Group acquired Bailey Instruments, a specialist medical device and surgical instrument manufacturer to strengthen its existing range of medical instruments portfolio in the UK. This instrument is mostly used by medical professionals working in private & public healthcare services.
Furthermore, growing investment in the surgical field to support the development and commercialization of new products is anticipated to positively impact market growth. CMR Surgical planned to use this funding for the R&D of new surgical products and to expand its business presence. Such initiatives are expected to boost competition in the UK surgical equipment market.
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into UK surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK surgical equipment market size, by product, 2018-2030 (US$M)
UK Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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