Surgical Equipment Global Market to Reach $32.5 billion by 2030, Demand Growth Lead by Asia-Pacific Region with 9.5% CAGR (2024-2030)
Industry Experts, Inc., released its latest report on Surgical Equipment Market , which projects the global demand to reach US$32.5 billion by 2030 from an estimated market size of US$19.8 billion in 2024 at a CAGR of 8.6% between the two years. The surgical equipment market growth is driven by the increasing incidence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes, which result in a higher need for surgical procedures. The growing number of geriatric populations, who are more vulnerable to various health issues, also drives the demand for surgeries. Innovations in technology, especially in minimally invasive surgery (MIS), serve as another catalyst for growth, as MIS provides advantages like quick recovery times and a decreased likelihood of complications. North America dominates the global surgical equipment market in 2024, holding a 38.2% share due to a significant incidence of chronic diseases, an aging demographic, advanced healthcare sys...