Surgical Kits Market Outlook (2022-2026)
The global surgical kits market accounts for a revenue of US$ 18 billion at present and is projected to increase to US$ 22.5 billion by the end of 2026. As per Fact.MR, worldwide surgical kit shipments are expected to increase at 6.6% CAGR from 2022 to 2026.
Rising number of surgeries across the world is expected to propel the demand for surgical products such as surgical gowns, surgical stitching kits, surgical dressing kits, surgical suture kits, etc., over the years to come.
Surgical Kits Market Size (2022)
US$ 18 Billion
Projected Year Value (2026F)
US$ 22.5 Billion
Global Market Growth Rate (2022-2026)
China Market Value (2026F)
US$ 2 Billion
United States Market Value (2022)
US$ 6.5 Billion
Germany Market Growth Rate (2022-2026)
Key Companies Profiled
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Surgical Kit Demand Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2026)
Over the past few years, the world has witnessed a notable increase in the incidence of chronic diseases and this has resulted in a rising number of surgical procedures, which is expected to drive demand for surgical kits over the coming years.
Rising focus on healthcare and increasing investments in the development of healthcare infrastructure are also expected to drive surgical kit sales.
Increasing incidence of cardiac disorders, growing geriatric population, rising popularity of minimally invasive surgeries, increasing rate of hospitalization, and high healthcare spending potential are other factors that could favor surgical kits market potential over the years to come.
Growing awareness regarding HAIs (hospital-acquired infections) and increasing focus on patient-centric healthcare are other factors that could potentially drive up the sales of surgical kits through 2026.
Products such as surgical suture kits, implant kits, surgical sewing kits, etc., are anticipated to witness an increase in sales throughout the forecast period owing to the rising number of surgeries being performed across the world.
Rising medical tourism in countries such as Singapore, the United States, India, and China is also expected to result in high demand for surgical equipment across the forecast period.
Global demand for surgical kits is anticipated to rise at a high CAGR of 6.6% through 2026.
What Market Determinants are Shaping Demand for Surgical Devices?
“Rising Incidence of Cardiovascular Disorders”
Prevalence of cardiovascular disorders has increased exponentially over the past few years and this trend is projected to be rife across the forecast period as well. The aforementioned factor has resulted in a high number of cardiac surgeries being performed and this is driving the surgical kits market potential.
The rising geriatric population and poor lifestyle choices are expected to further increase the incidence of cardiovascular disorders and hence are predicted to drive surgical kit demand throughout the forecast period.
“Surging Popularity of Minimally-Invasive Surgeries”
Minimally-invasive surgeries have witnessed a substantial rise in popularity in recent years owing to their faster recovery time and less risk associated with these surgeries.
As the preference of patients increases toward minimally invasive surgeries it is expected to drive demand for minimally invasive surgical instruments and specialty surgical products and kits over the coming years.
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How Can Start-ups Make an Impact in the Surgical Kits Industry?
“New Market Players Can Focus on Advanced Surgeries to Establish a Market Presence for Themselves”
The proliferation of technology and digitization of the healthcare industry has led to a rise in demand for advanced surgical methods such as robotic-assisted surgeries, AI-assisted surgeries, etc.
Incoming market players can focus on the integration of advanced technologies with surgeries and create a more efficient surgical workflow for healthcare professionals as well as patients.
- Avant-garde Health, a healthcare solution provider founded in 2014, recently announced that it had raised US$ 12 billion in a Series A funding round. The investment will be used to propel the general rollout of its surgical care analytics platform that helps in improving patient outcomes and reducing overall costs.
Upcoming surgical kit providers can launch new surgical kits that are equipped with advanced technologies to enhance the overall surgical experience for patients as well as healthcare professionals.
How Will the Surgical Kits Market Perform across Geographies?
“Global Surgical Kit Demand Led by North America”
The market for surgical kits in North America is projected to account for a dominant market share and is expected to maintain this stance throughout the forecast period. Increasing incidence of cardiovascular diseases, presence of developed healthcare expenditure, and increasing popularity of minimally invasive surgical procedures are prime factors that drive overall surgical kits market growth in this region.
The Europe surgical kits market is anticipated to account for a notable market share owing to the rising geriatric population, increasing focus on health, and rising healthcare expenditure. Germany, France, Italy, and the United Kingdom are anticipated to be the most notable markets in this region across the forecast period.
The Germany surgical kits market is expected to evolve at a CAGR of around 5.5% through 2026.
The Asia Pacific surgical kits market is anticipated to witness growth at a rapid pace over the coming years owing to increasing focus on healthcare, rising investments in healthcare infrastructure development, increasing per capita disposable income, and rising prevalence of chronic diseases.
Rising awareness about hospital-acquired infections and the increasing incidence of cardiovascular disorders are also expected to drive demand for surgical kits for cardiovascular surgeries.
Economies such as India, Indonesia, and China are anticipated to spearhead the growth charge in the Asia Pacific region over the coming years owing to their high population density and an increasing number of surgeries being performed in these countries.
What is the U.S. Surgical Kits Market Outlook?
“High Healthcare Expenditure Supplementing U.S. Surgical Kit Sales”
The United States surgical kits market currently stands at a total valuation of US$ 6.5 billion. The presence of developed healthcare infrastructure and high healthcare spending potential are projected to be the prime factors favoring surgical kit demand in the country.
Favorable reimbursement policies, an increasing geriatric population, the rising popularity of minimally invasive surgeries, and rising awareness of hospital-acquired infections are other factors that govern the surgical kits market growth in the country.
What Makes China an Opportune Market for Surgical Kit Manufacturers?
“Rising Medical Tourism Drives Surgical Kit Shipments in China”
Medical tourism is flourishing in China owing to the rising geriatric population and increasing demand for different types of surgeries. This factor is anticipated to primarily drive surgical kits market potential in the country over the forecast period.
Supportive government initiatives, increasing investments in the healthcare industry, and the prevalence of chronic diseases are other factors that could potentially drive surgical kit sales over the coming years.
From 2022 to 2026, the market for surgical kits in China is anticipated to expand at a stellar CAGR of around 9% and is slated to account for an approximate valuation of US$ 2 billion by the end of the forecast period.
Which Type of Surgical Kits Will Be More Popular Going Forward?
“Disposable Surgical Kits to Witness High Demand Growth”
The global surgical kits market based on type is segmented into disposable and reusable.
Disposable surgical kits are anticipated to be highly popular among healthcare professionals across the forecast period. Increasing awareness about hospital-acquired infections, increasing awareness about risks associated with cleaning and reprocessing of surgical equipment, and the cost-effective nature of disposable surgical kits are major factors that drive the demand in this segment.
The disposable surgical kits segment is anticipated to witness an increase in demand at a CAGR of around 8% through 2026. Reusable surgical kits are expected to rise in demand at a CAGR of around 3.5% throughout the forecast period but can pick up the pace as concerns regarding medical waste increase on a global scale by the end of the forecast period.
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Competitive Landscape :
Surgical kit manufacturers are anticipated to focus on launching new products with advanced technologies to simplify complex surgeries by integrating advanced technologies.
- In July 2022, Medtronic, a leading medical device company, announced that it had received approval from the U.S. Food and Drug Administration (FDA) for its new AI-powered spine surgery planning software.
Such innovative software solutions can be integrated with advanced surgical kits to enable robotic-assisted surgeries and AI-assisted surgeries and enhance the overall healthcare experience while minimizing the risks through predictive analytics and planning.
Fact.MR, a market research and competitive intelligence provider, has profiled key companies such as Mölnlycke Health Care AB, Hogy Medical, 3M, Paul Hartmann AG, OneMed, Kimberly-Clark Corporation, Medtronic PLC, Novartis AG, Stryker Corporation, and Medline Industries Inc., in this latest surgical kits market study, to give a better comprehensive understanding of the current market scene and provide useful insights for the forecast period.
Key Segments Covered in Surgical Kits Industry Research
By Type :
- Disposable Surgical Kits
- Reusable Surgical Kits
By Procedure :
- General Surgery
- Cardiac Surgery
- Other Procedures
By End User :
- Specialty Clinics
- Ambulatory Surgical Centers
- Other End Users
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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