U.S. Surgical Equipment Market Size & Outlook, 2023-2030
U.S. surgical equipment market, 2018-2030 (US$M)
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U.S. surgical equipment market highlights
- The U.S. surgical equipment market generated a revenue of USD 5,528.2 million in 2023 and is expected to reach USD 9,890.5 million by 2030.
- The U.S. 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.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 5,528.2 million |
| Market revenue in 2030 | USD 9,890.5 million |
| Growth rate | 8.7% (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, U.S. accounted for 32.8% 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 North America, U.S. surgical equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,555.0 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 44.48% in 2023. Horizon Databook has segmented the U.S. 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.
This country has a well-developed healthcare system with advanced treatment facilities. The increasing number of minimally invasive surgeries in aesthetics, dentistry, orthopedics, thoracic, cardiology, and gynecology are anticipated to fuel market growth. Increased self-awareness of facial aging & weight loss surgery are the key factors for high surgical volume.
Thus, the increasing number of cosmetic procedures drives demand for surgical equipment related to procedures such as handheld doppler, micro instruments set, liposuction machine, operating magnifying loupe, electronic dermatome, skin graft mesher, and others.
Favorable reimbursement and increasing investments in R&D activities are leading to innovations such as surgical tools. This is expected to boost the demand for surgical equipment. As most of the patients undergoing these surgeries are elderly, the Medicare reimbursement policy helps reduce expenses, which is expected to fuel the adoption of surgical equipment in the country.
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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 U.S. surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. surgical equipment market size, by product, 2018-2030 (US$M)
U.S. Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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