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The Asia-Pacific surgical equipment market is fueled by the continuous growth in the number of surgical procedures performed across the region. As healthcare infrastructure expands and access to surgical interventions increases, there is a rising demand for surgical equipment to support various medical procedures, contributing to market expansion. Newer surgical technologies constitute the core of the Asian SURGICAL EQUIPMENT market. It has resulted in surgical equipment innovation that has advanced surgical accuracy, outcomes, and efficiency via robotic-assisted surgery systems, minimally invasive devices, and advanced imaging technologies.
With the surge of investments on healthcare infrastructure in this region, the SURGICAL EQUIPMENT market continues to grow. Asian governments and private organizations are investing large amount of fund into the development and modernization of healthcare facilities therefore making it a viable and conductive environment for the acceptance and integration of the use of advanced surgical technologies.
The overgrowing of chronic diseases in Asia Pacific region boosts the utilization of surgical interventions and advanced equipment. CVDs, cancer, and orthopedic disorders are most of the time treated with surgical procedures driving the demand for appropriate surgical tools and equipment.
Providing Access to Secondary Sources to Empower Writers and Librarians to Make High Decision Making Source From Citations. Supportive policies, reimbursement programs, and also infrastructure development projects promote availability and affordability of surgical equipment, and contribute to the market dynamics.
There are also demographic trends that have to do with the demand for the surgical procedures as well as related medical equipment such as population growth and aging. The growing senior population in Asia Pacific has resulted in a rise need of surgical procedures and accordingly, housing sales, as older people often have to be treated with the help of surgical instruments.
Among the factors driving up the SURGICAL EQUIPMENT market are the economic factors including healthcare expenditures, GDP increase as well as insurance coverage. The purchasing power for healthcare facilities is influenced by economic stability linked to budget allocations towards health care thus also determining acceptance levels of new and innovative surgical techniques.
The current move towards MIS affects the specialized surgical devices market. Minimally Invasive Surgery MIS always remains the preference of both surgeons and patients because of its benefits like rapid recovery and minimal postoperative complications. This trend fuels the need for sophisticated surgical equipment’s and devices that enable minimally invasive surgery.
In healthcare, patient-centered approaches with improved outcomes and experience drive the selection of surgical equipment. Most importantly, instruments that lead to better recovery period, less pain, and improved patient contentment are preferred mode, in turn affecting the market of innovative surgical technologies from this standpoint.
International standards for application of the surgical techniques and use of recognized equipment all over the world gives the globalized features to the APAC market of surgical equipment.
Customs retain the essentiality of regulations guidelines within SURGICAL EQUIPMENT MARKET. The laws are extremely strict, and there are many compliance rules the manufacturers have to keep up with with which to get through the approval process by the market and gain trust among medical professionals.
Intense competition among key players characterizes the SURGICAL EQUIPMENT market in Asia Pacific. Market consolidation through mergers, acquisitions, and strategic alliances is a common strategy employed by companies to enhance market presence, impact product innovation, and maintain competitiveness.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â 4.67% (2024-2032) |
Asia Pacific Surgical Equipment Market Highlights:
Asia Pacific Surgical Equipment Market Overview
The Asia Pacific Surgical Equipment Market Size was valued at USD 7.19 Billion in 2023. The Global Asia Pacific Surgical Equipment industry is projected to grow from USD 7.58 Billion in 2024 to USD 13.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.67% during the forecast period (2024 - 2032). Surgical equipment plays a vital role during the surgeries. It is one of the important aspects in the medical as well as medical technology. With the developing surgical procedure, the trade of the instrument is developing. The instrument must have good quality and elaborative ornament to be prefer widely. Surgical equipment are widely used in neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.
In July 2023, Smith+Nephew has launched REGENETEN Bioinductive Implant in India for rotator cuff injury treatment.
In May 2023, The first procedures were performed through Stryker’s Q Guidance System with Cranial Guidance Software as directed by surgeons
In May 2023, Smith+Nephew utilizes robotics for customized surgeries supported by an AI-based planning application and data visualization platform.
In June 2023, BD Unveils Their New Robotic System for Automating Clinical Flow Cytometry.
In September 2022, Olympus Corporation, a MedTech company, has introduced THUNDERBEAT Open Fine Jaw Type X surgical energy devices for open surgery. THUNDERBEAT Open Fine Jaw Type X surgical energy device was reconstructed with the new thermal shield to improve safety during procedures. It is available commercially in Japan.
In September 2022, The Japanese firm Olympus Corporation unveiled its latest surgical visualization platform, VISERA ELITE III designed to cater to the needs of HCPs across multiple medical disciplines performing endoscopic procedures.
In February 2022, Smith+Nephew also announced the release of the CORI Surgical System, their next-generation handheld robotic platform in Japan. Smith+Nephew’s NAVIO Surgical System has gained traction and proven itself over time in Japan as demonstrated by the growing use of its CORI Surgical System.
Also, Bengaluru’s Futura Surgicare Pvt Ltd expanded into a new vertical, Dolphin Hemostats and introduced Hemostax (Oxidised Regenerated Cellulose) under the brand Hemostax in February 2022. An absorbable hemostat known as the Hemostax Standard is expected to optimize surgeons’ control of bleeding rates. Such increased product launches in India promote market growth over the forecast period.
Ethicon from Johnson & Johnson MedTech launched the ECHELON 3000 Stapler in June (part of Ethicon, Johnson & Johnson MedTech). It is a digitally enabled device featuring enhanced one-handed powered articulation for unique patient requirements.
In April 2022, Ethicon (part of Johnson & Johnson MedTech) launched the ENSEAL X1 Straight Jaw Tissue Sealer. This new, advanced bipolar energy device has improved cutting and transection functionality, more robust sealing and increased tissue capture per bite.
Asia Pacific Surgical Equipment Market Trends
Increasing prevalence of chronic diseases, increasing number of hospitals, increasing geriatric population, and increasing healthcare expenditure boost the market growth. According to the World Health Organization (WHO), 60% of the world’s total diabetic population is living in Asia Pacific region. Additionally, diabetes is one of the major cause for cardiovascular diseases, which in turn, result into increased cardiac surgeries. Moreover, development in technology and increased government initiatives have a fuelled the growth of the market, from the last few years. On the other hand, high cost of the devices, and shortage of skilled labor may slow the growth of the market.
The Asia Pacific surgical equipment market is expected to grow at a CAGR of 4.67% over forecasted period.
Asia Pacific Surgical Equipment Segment Insights
Asia Pacific surgical equipment market is into product type, application, and end users.
Asia Pacific Surgical Equipment Product Type Insights
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. The handheld instruments are sub-segmented into forceps, sutures, visual scope, and others. The electrosurgical devices are further categorized into electrosurgical instruments (HET bipolar system, electrosurgical pencils, smoke evacuation system, and other), and electrosurgical generators.
Asia Pacific Surgical Equipment Application Insights
On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.
Asia Pacific Surgical Equipment End User Insights
On the basis of end user, the market is segmented into government hospitals, private hospital, and other.
Asia Pacific Surgical Equipment Regional Insights
Asia Pacific surgical equipment market is segmented into Japan, China, India, Republic of Korea, Australia, and Rest of Asia Pacific. Increasing number of hospitals, rising geriatric population, and increasing healthcare expenditure drives the growth of Asia Pacific surgical equipment market. Moreover, increasing prevalence of chronic diseases, government initiatives, and increasing patient inflow have fuel the market growth. China holds the major share in the Asia Pacific surgical equipment market owing to huge geriatric population and rapidly developing economy. Moreover, India and Australia contributes considerable share to the market.
Key Players
Some of the key players in this market:
- Integra LifeSciences Corporation (US)
- Boston Scientific Corporation (US)
- Smith & Nephew (UK)
- B. Braun Melsungen AG (Germany)
- Ethicon LLC. (US)
- Stryker Corporation (US)
- COVIDIEN (US)
- CONMED Corporation (US)
- MEDICON (US)
- Synergetics USA, Inc. (US)
- Erbe Elektromedizin GmbH (Germany)
- KARL STORZ & Co. (US)
- KLS Martin (Germany)
Intended Audience
- Surgical Equipment Suppliers
- Surgical Equipment Manufacturers
- Medical Research Laboratories
- Medical Devices Companies
- Academic Medical Institutes and Universities
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