Surgical Kits Market Trends

  • Report ID: 4317
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Surgical Kits Market Trends

Growth Drivers

  • Growing Need for Plastic Surgery – On account of the reduced self-esteem and more media exposure, the market is expected to expand more in the upcoming years. In the US, there are currently over 7,000 plastic surgeons, who performed more than 4 million treatments in 2020.
  • Rising Geriatric Population – The elderly population is more prone to chronic disorders that require surgery, and it is predicted that the growing elderly population is estimated to drive market growth. Globally, the percentage of people aged 65 and older rose by over 7% in 2019.
  • Increasing Health Spending – A greater need for specialist surgical kits may result from higher health spending, which is anticipated to drive market growth. According to the most recent expenditure data, in 2021, the United States spent around 3% more on health care.
  • Rising Prevalence of Cardiovascular Diseases – It is expected that the need for cardiac surgeries may increase along with the prevalence of CVDs, which would raise the need for the specialized surgical supplies employed in these operations, which is anticipated to drive market growth. Globally, cardiovascular diseases were estimated to be responsible for over 19 million deaths in 2020.

Challenges

  • Contamination of Bacteria - The microbial contamination brought on by incorrect disposal of surgical kits is one of the major factors predicted to slow down the market growth. For instance, this bacterial contamination could cause a variety of contaminated diseases in individuals. They can spread a variety of harmful diseases, including HIV/AIDS and others.
  • Incorrect Sterilization of Surgical Kit
  • Increasing Environmental Concerns

Surgical Kits Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

9.9%

Base Year Market Size (2024)

USD 31.57 billion

Forecast Year Market Size (2037)

USD 107.71 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 4317
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of surgical kits is estimated at USD 34.07 billion.

The surgical kits market size was over USD 31.57 billion in 2024 and is poised to exceed USD 107.71 billion by 2037, witnessing over 9.9% CAGR during the forecast period i.e., between 2025-2037. Growing need for plastic surgery and the rising geriatric population will drive the market growth.

North America industry is poised to dominate majority revenue share of 38% by 2037, owing to growing demand for minimally invasive surgeries in the region.

The major players in the market are Cardinal Health, Smith & Nephew Plc, Hartmann AG, KLS Martin Group, B. Braun Melsungen AG, Zimmer Holdings, Karl Storz GmbH & Co. Kg, Johnson & Johnson, Olympus Corporation, Stryker Corporation, Medtronic Plc.
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