The global surgical equipment market is poised to reach a value of $20.3 billion by 2025, according to a report from Grand View Research. The worldwide market for surgical equipment was $9.9 billion in 2015 and is expected to grow at a CAGR of 7.6% over the next seven years. The study says the rise of minimally invasive procedures is a primary driver of growth in this sector. 
Minimally invasive procedures have taken on a strong role in treating neurological and cardiovascular chronic diseases, as well as heart disease and other disorders. Patients in key markets have largely been in favor of minimally invasive procedures, because of the shortened recovery time and clinical outcomes compared with traditional surgeries. Electrosurgical equipment, which is often used in minimally invasive procedures, will see an increase, say the authors.
Another lucrative section of surgical equipment is surgical staples and staplers. These dominated the market in 2015, and the report notes that the method for wound closure is seeing high global adoption because of their faster wound healing process and reduced risk of infection as compared with sutures.
In addition to cardiovascular and neurological procedures, obstetrics and gynecology held the largest market share in 2015 because of global growth of caesarean sections. Plastic and reconstructive surgeries may also show growth, based on a 2% rise in procedures from 2014 to 2015.
Key players in the market are B. Braun; Smith & Nephew; Zimmer-Biomet; Stryker Corp.; Alcon Laboratories; Aspen Surgical Products; Medtronic; Ethicon; and Becton Dickinson. Grand View predicts these companies will expand their reach into the surgical equipment market through mergers and acquisitions and new product development.
North America has a well-established infrastructure for minimally invasive surgery and will act as a stable growth market. The report authors also pointed to the Asia Pacific market—particularly India—as a growth area, based on the region’s rising prevalence of chronic cardiovascular diseases, as well as the increase in medical tourism.
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