Americas Surgical Equipment Market Size, Growth Research Report By Product Type (Surgical Sutures & Staplers, Handheld Instruments, Electrosurgical Devices, Electrosurgical Generators, Monitoring Devices), By Application (Neurosurgery, Wound Closure, Urology, Cardiovascular Surgeries, Orthopedic Surgery), By End User (Government Hospitals, Private Hospital and Other) - Competitor Industry Analysis and Trends Forecast Till 2024-2032

Americas Surgical Equipment Market Overview

Americas Surgical Equipment Market Size was valued at USD 12.94 Billion in 2023. The Global Americas Surgical Equipment industry is projected to grow from USD 13.45 Billion in 2024 to USD 22.95 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.78% during the forecast period (2024 - 2032). Surgical equipment are used during surgeries. Surgical equipment have a wide range of application in neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery and others. Surgical instrument are broadly classifies into three important category surgical sutures and staples, handheld instruments and electrosurgical devices.

All surgical equipment has its specific use. Surgical sutures and staples are the basic equipment used in the surgeries. That the reason they has the highest share of around 55%. Increasing number of surgeries, & hospitals, increasing prevalence of different diseases and increasing geriatric population have boosted the market growth. Moreover, technological advancement, increasing number of ambulatory services and government initiatives have a synergistic effect on the market. However, high cost of the devices, shortage of skilled labour and strict regulatory policies are the major restraints for the market.

Americas Surgical Equipment Market Industry Developments

• Q2 2024: Medtronic launches new Hugo™ robotic-assisted surgery system in U.S. Medtronic announced the commercial launch of its Hugo™ robotic-assisted surgery system in the United States, marking a significant expansion of its surgical robotics portfolio in North America.
• Q2 2024: Stryker acquires OrthoSensor to expand digital surgery capabilities Stryker completed the acquisition of OrthoSensor, a company specializing in sensor technology for orthopedic surgery, to enhance its digital surgery and data analytics offerings.
• Q1 2024: Johnson & Johnson MedTech receives FDA clearance for Velys™ digital surgery platform Johnson & Johnson MedTech announced FDA clearance for its Velys™ digital surgery platform, enabling advanced planning and navigation for orthopedic procedures in the U.S. market.
• Q2 2024: Zimmer Biomet appoints new CEO to drive North American surgical business Zimmer Biomet named a new Chief Executive Officer, signaling a strategic focus on expanding its surgical equipment business in the Americas.
• Q3 2024: Boston Scientific opens new manufacturing facility in Costa Rica for surgical devices Boston Scientific inaugurated a new manufacturing facility in Costa Rica dedicated to producing advanced surgical equipment for the Americas market.
• Q2 2024: Intuitive Surgical secures major hospital contract in Brazil for da Vinci systems Intuitive Surgical won a multi-year contract to supply its da Vinci robotic surgical systems to a leading hospital network in Brazil, expanding its presence in Latin America.
• Q1 2024: Aspen Surgical acquires Symmetry Surgical to broaden product portfolio Aspen Surgical announced the acquisition of Symmetry Surgical, strengthening its position in the surgical instruments market across the Americas.
• Q2 2024: Teleflex receives Health Canada approval for new surgical stapler Teleflex received regulatory approval from Health Canada for its latest surgical stapler, allowing commercial distribution throughout Canada.
• Q1 2024: CONMED Corporation closes $150M funding round to expand surgical device R&D CONMED Corporation completed a $150 million funding round aimed at accelerating research and development of new surgical equipment for the Americas market.
• Q2 2024: Becton Dickinson launches new minimally invasive surgical instrument line in U.S. Becton Dickinson (BD) introduced a new line of minimally invasive surgical instruments, targeting hospitals and ambulatory surgery centers across the United States.
• Q3 2024: Medtronic partners with Mayo Clinic to develop AI-powered surgical navigation tools Medtronic entered a strategic partnership with Mayo Clinic to co-develop artificial intelligence-powered navigation tools for use in complex surgical procedures.
• Q2 2024: Johnson & Johnson MedTech opens new innovation center in Texas Johnson & Johnson MedTech opened a new innovation center in Texas focused on developing next-generation surgical equipment and training healthcare professionals in advanced surgical techniques.

Key Players Some of the key players in this market are: Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Ethicon US, LLC. (US), Erbe Elektromedizin GmbH (Germany), COVIDIEN (US), CONMED Corporation (US), MEDICON (US), Integra LifeSciences Corporation (US), Synergetics USA, Inc. (US), Stryker Corporation (US), KARL STORZ & Co. (US), and KLS Martin (Germany). 

Americas Surgical Equipment Market Segment Insights

Americas Surgical Equipment Product Type

On the basis of product type, the market is segmented into surgical sutures & staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices and others. Surgical sutures & staplers are further segmented into absorbable and non-absorbable sutures. Handheld Instruments are subsegmented into forceps, sutures, visual scope, and others. Electrosurgical devices are further categorised into Electrosurgical instruments (HET bipolar system, electrosurgical pencils, smoke evacuation system and other), and electrosurgical generators.

Americas Surgical Equipment Application Insights

On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery and others.

Americas Surgical Equipment End User Insights

On the basis of end user, the market is segmented into government hospitals, private hospital and other.

Americas Surgical Equipment Regional Insights 

America surgical equipment market is expecting a healthy growth owing to introduction of advanced devices, increasing number of healthcare organization, and rising geriatric population. In addition to this, increasing prevalence of diseases & disorder, government initiatives and high healthcare spending have fuelled the market growth. According to Centers for Disease Control and Prevention, in 2012, about half of all adults had one or more chronic health conditions and one in four adults had two or more chronic health conditions. 

Additionally, presence of huge patient suffering from cardiovascular diseases have also supported the growth of the market. North America holds the major share in the Americas surgical equipment market. Well-developed healthcare infrastructure and huge geriatric population in North America drives the market in this region. The US and Canada are the two major contributor for the North America surgical equipment market. However, South America has the least but growing market.

Intended Audience

• Surgical Equipment Suppliers
• Surgical Equipment Manufacturers
• Medical Research Laboratories
• Medical Devices Companies
• Academic Medical Institutes and Universities

Attribute/Metric	Details
Market Size 2030	USD 22.95 Billion 2032
Compound Annual Growth Rate (CAGR)	8.78% 2032
Base Year	2021
Market Forecast Period	2024-2032
Historical Data	2018 - 2021
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, technology, application, and end-users.
Geographies Covered	Americas, Europe, Asia Pacific and the Middle East and Africa
Countries Covered	China, Japan, India, Australia, South Korea, Australia, Rest of Asia-Pacific
Key Companies Profiled	Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Ethicon US, LLC. (US), Erbe Elektromedizin GmbH (Germany), COVIDIEN (US), CONMED Corporation (US), MEDICON (US), Integra LifeSciences Corporation (US), Synergetics USA, Inc. (US), Stryker Corporation (US), KARL STORZ & Co. (US), and KLS Martin (Germany).
Key Market Opportunities	Rising demand for minimally invasive surgical procedures and advancements in robotic surgery present significant growth opportunities in the Americas surgical equipment market.
Key Market Dynamics	The Americas Surgical Equipment Market is driven by technological advancements, increasing surgical procedures, regulatory environment, healthcare infrastructure, and rising demand for minimally invasive surgeries.