Market Forecast By Product (Surgical Sutures and Staples, Handheld Surgical equipment, Electrosurgical Devices), By Category (Reusable Surgical Equipment, Disposable Surgical Equipment), By Application (Neurosurgery, Plastic and Reconstructive Surgeries, Wound Closure, Urology, Obstetrics and Gynecology, Microvascular Surgery, Cardiovascular Surgery, Others) And Competitive Landscape
Product Code: ETC019551 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Sri Lanka Surgical Equipment and Instruments Market |
Forecast period | 2025-2031 |
CAGR | 7.2% |
Growing Sector | Electrosurgical Devices |
The Sri Lanka Surgical Equipment and Instruments Market report thoroughly covers the market by Product, Category, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Sri Lanka Surgical Equipment and Instruments Market is witnessing notable growth, fueled by the increasing demand for advanced surgical procedures and the rising adoption of modern medical technologies.
According to 6Wresearch, the Sri Lanka Surgical Equipment and Instruments Market is projected to grow at a CAGR of 7.2% from 2025-2031. Electrosurgical devices are experiencing the highest growth, driven by their widespread use in minimally invasive surgeries. The market is further bolstered by the growing number of surgical procedures in the country, along with advancements in surgical techniques and technologies. The increasing prevalence of chronic diseases and the rising demand for cosmetic and reconstructive surgeries are also contributing to the market's expansion.
However, the market faces challenges such as high costs associated with advanced surgical equipment and a lack of skilled professionals to operate these devices. The economic constraints in the region can limit the adoption of high-end surgical instruments, particularly in public healthcare facilities. Additionally, the regulatory landscape and the need for compliance with stringent safety standards pose further challenges for market players.
Leading players in the Sri Lanka Surgical Equipment and Instruments Market include Medtronic PLC, Johnson & Johnson, and B. Braun Melsungen AG. Medtronic PLC is recognized for its innovative electrosurgical devices that are integral to modern surgical practices. Johnson & Johnson offers a broad range of handheld surgical equipment and sutures, catering to various surgical specialties. B. Braun Melsungen AG specializes in providing high-quality surgical staples and sutures, known for their reliability and precision in wound closure procedures.
The Sri Lankan government is actively working to improve healthcare infrastructure and access to advanced surgical equipment through various initiatives. These include efforts to upgrade public hospitals with modern surgical facilities and training programs for healthcare professionals to enhance their skills in using advanced surgical instruments. Additionally, government support for local manufacturing and the import of surgical equipment is expected to reduce costs and increase accessibility. Policies aimed at improving healthcare standards and patient outcomes are also driving the demand for high-quality surgical instruments. Furthermore, collaborations with international healthcare organizations to introduce new technologies and best practices are anticipated to boost market growth.
The Sri Lanka Surgical Equipment and Instruments Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements in surgical devices, such as the integration of robotics and AI in surgical procedures. The growing preference for minimally invasive surgeries, which require precise and efficient surgical instruments, will continue to fuel demand. In addition to this, the increasing focus on improving patient outcomes and reducing recovery times will drive the adoption of advanced surgical tools. Moreover, the expanding healthcare sector, particularly in private hospitals, is expected to create substantial growth opportunities. In brief, the market will grow due to innovation, an emphasis on patient care, and the expansion of healthcare services.
According to Ravi Bhandari, Research Head, 6Wresearch, electrosurgical devices are leading the market due to their widespread adoption in minimally invasive surgeries, which are becoming increasingly popular for their precision and reduced recovery times.
Disposable surgical equipment is witnessing a growing demand due to the increasing emphasis on infection control and the need for cost-effective surgical solutions that reduce the risk of cross-contamination.
Cardiovascular surgery dominates the market, with a significant share driven by the rising incidence of heart diseases and the need for specialized surgical instruments in life-saving procedures.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Surgical Equipment and Instruments Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Surgical Equipment and Instruments Market - Industry Life Cycle |
3.4 Sri Lanka Surgical Equipment and Instruments Market - Porter's Five Forces |
3.5 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sri Lanka Surgical Equipment and Instruments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Surgical Equipment and Instruments Market Trends |
6 Sri Lanka Surgical Equipment and Instruments Market, By Types |
6.1 Sri Lanka Surgical Equipment and Instruments Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Surgical Sutures and Staples, 2021-2031F |
6.1.4 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Handheld Surgical equipment, 2021-2031F |
6.1.5 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Electrosurgical Devices, 2021-2031F |
6.2 Sri Lanka Surgical Equipment and Instruments Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Reusable Surgical Equipment, 2021-2031F |
6.2.3 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Disposable Surgical Equipment, 2021-2031F |
6.3 Sri Lanka Surgical Equipment and Instruments Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Neurosurgery, 2021-2031F |
6.3.3 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Plastic and Reconstructive Surgeries, 2021-2031F |
6.3.4 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Wound Closure, 2021-2031F |
6.3.5 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Urology, 2021-2031F |
6.3.6 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Obstetrics and Gynecology, 2021-2031F |
6.3.7 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Microvascular Surgery, 2021-2031F |
6.3.8 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Sri Lanka Surgical Equipment and Instruments Market Revenues & Volume, By Others, 2021-2031F |
7 Sri Lanka Surgical Equipment and Instruments Market Import-Export Trade Statistics |
7.1 Sri Lanka Surgical Equipment and Instruments Market Export to Major Countries |
7.2 Sri Lanka Surgical Equipment and Instruments Market Imports from Major Countries |
8 Sri Lanka Surgical Equipment and Instruments Market Key Performance Indicators |
9 Sri Lanka Surgical Equipment and Instruments Market - Opportunity Assessment |
9.1 Sri Lanka Surgical Equipment and Instruments Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Sri Lanka Surgical Equipment and Instruments Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Sri Lanka Surgical Equipment and Instruments Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Surgical Equipment and Instruments Market - Competitive Landscape |
10.1 Sri Lanka Surgical Equipment and Instruments Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Surgical Equipment and Instruments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |