Surgical Kits Market size is projected to cross USD 67 Billion by the end of 2035 by growing at a CAGR of 10% during the forecast period, i.e., 2023- 2035. In the year 2022, the industry size of surgical kits was over USD 26 Billion. The growth of the market can be attributed to the increasing rate of cataract surgeries. The demand for cataract surgery may increase as the prevalence of cataracts rises. For instance, in order to replace the clouded lens with an artificial intraocular lens, cataract surgery is a frequent surgical technique. Further, the need for surgical kits, which contain tools, drapes, sutures, and other materials required in cataract operations, may rise as surgery volumes rise. Lately, more than 25 million Americans already have cataracts; by 2032, this figure is predicted increase to over 38 million, and by 2050, it is expected to reach over 45 million.
In addition to these, factors that are believed to fuel the market growth of surgical kits include the rise in technological advancements. For instance, the need for customized surgical kits may arise from improvements in surgical technologies. For instance, minimally invasive procedures, robotic-assisted procedures, and other sophisticated surgical techniques may call for specialized tools, and equipment, that are part of surgical kits.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~ USD 26 Billion |
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Forecast Year Market Size (2035) |
~ USD 67 Billion |
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Regional Scope |
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Procedure (General Surgery, Cardiac Surgery, Orthopaedic Surgery, Urology, Ophthalmology, Neurosurgery)
The global surgical kits market is segmented and analyzed for demand and supply by procedure into general surgery, cardiac surgery, orthopaedic surgery, urology, ophthalmology, neurosurgery, and others. Out of the seven procedures, the general surgery segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the increasing cases of the thyroid among all age groups. For instance, General surgery primarily focuses on the abdominal cavity and its contents, which include the esophagus, stomach, small and large intestines, liver, pancreas, gallbladder, appendix, bile ducts, and frequently the thyroid gland. Thus, it is anticipated that the rise in thyroid issues, which frequently affect the contents of the abdominal cavity, is estimated propel market expansion. According to research, thyroid disorders are assumed to affect more than 10% of Americans at some point in their lives.
Type (Disposable, Reusable)
The global surgical kits market is also segmented and analyzed for demand and supply by type into disposable surgical kits, and reusable surgical kits. Amongst these two segments, the disposable surgical kits segment is expected to garner a significant share in the year 2035. The growth can be attributed to increasing hospital-acquired infections. For instance, disposable surgical kits are frequently preferred to limit the risk of infections in healthcare settings where infection control is a key priority since they are made to be used just once before being discarded, which lowers the possibility of infection transfer between patients. Besides this, surgical time and effort can be reduced by using disposable surgical kits as they are frequently pre-assembled and prepared for use. Particularly in high-volume surgical settings, disposable surgical kits are frequently selected for their effectiveness and practicality. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Procedure |
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APAC Market Statistics
The market share of surgical kits in Asia Pacific, amongst the market in all the other regions, is projected to hold the largest share by the end of 2035. The growth of the market can be attributed majorly to the increasing cases of chronic diseases. In many nations in the region, chronic diseases such as cardiovascular disease, diabetes, cancer, and respiratory disease are becoming more prevalent owing to factors including aging populations, urbanization, and changing lifestyles. As a result, there is expected to be more surgical procedures performed for the diagnosis, treatment, and management of chronic diseases. Moreover, all these surgical operations have increased the demand for surgical kits in the area, which include equipment, sutures, bandages, and other materials. Further, the growing spending on healthcare infrastructure in the region, along with the surging concern regarding hospital-acquired infections, are also anticipated to contribute to the market growth in the region. In addition, the region's expanding medical tourism and rising geriatric population is also anticipated to boost the market growth during the forecast period. According to a WHO report, noncommunicable diseases (NCDs) kill 41 million people each year, accounting for 71% of all deaths worldwide.
North American Market Forecast
The North American surgical kits market is estimated to hold the second largest, share by the end of 2035. The growth of the market can be attributed majorly to the growing demand for minimally invasive surgeries. For instance, the need for surgical kits, including specialized surgical kits, disposable/single-use kits, inventive kits, and training/education kits, is rising owing to the growing popularity of minimally invasive surgery in the region. In addition, specialized tools, gadgets, and consumables that can fit through narrow access points or small incisions are needed for minimally invasive operations. These specialist surgical kits may comprise trocars, sutures, staplers, laparoscopic or robotic equipment, as well as other supplies. Further, the surging technological developments in the region, along with the availability of reliable hospitals, are also anticipated to contribute to the market growth in the region.
Europe Market Forecast
Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the surgical kits market can be attributed majorly to the growing elderly population. As the region's old population rises, there may be a greater need for geriatric surgeries and surgical kits made specifically for them. For instance, older people may need surgical procedures for a variety of aging-related problems, including knee replacements, cataract operations, and hernia repairs. These operations frequently call for specialist surgical kits created for particular treatments, such as orthopedic implant kits or ophthalmology equipments. Further, the increase in investment in health in the region, along with the growing technological advancements in surgery, are also anticipated to contribute to the market growth in the region.
Author Credits: Radhika Gupta, Shivam Bhutani
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