Global Forceps and Spatulas Market – Industry Trends and Forecast to 2030

Forceps and Spatulas Market Analysis and Size

Upsurge in the prevalence of road accidents globally are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements for the development of new and advanced surgical tools or products coupled with rising demand of minimally invasive surgeries is another market growth determinant. Rising research and development proficiencies, surge in the availability of reusable surgical equipment and increasing personal disposable income will further generate lucrative market growth opportunities.

Data Bridge Market Research analyses that the global forceps and spatulas market was USD 1.87 Billion in 2022, and is expected to reach USD 3.23 million by 2030, and is expected to undergo a CAGR of 7.2% during the forecast period 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Forceps and Spatulas Market Scope and Segmentation

Market Definition

Forceps and spatulas are the medical instruments that are generally used during the surgical procedures. The forceps and spatulas are used for grasping or holding objects.  Forceps are majorly used during instances when hands are too big to hold certain objects. Spatulas come into role when there is a need to mix, stir, and spread different types of powder, paste and liquids.

Global Forceps and Spatulas Market Dynamics

Drivers

• Increasing Number of Surgical Procedures

A rise in surgical procedures, both traditional and minimally invasive, contributes to the demand for specialized surgical instruments. Forceps and spatulas play essential roles in various surgical interventions.

Moreover, the adoption of minimally invasive surgery has flourished in recent years, offering substantial advantages over conventional methods for various surgical procedures. This rapid expansion has been made feasible through notable progress in medical technology, which has, in part, addressed certain technical and clinical obstacles associated with minimally invasive approaches, necessitating the need for forceps and spatulas which acts as one of the major factors driving the growth of market.

• Rising Number of Geriatric Population

Expanding geriatric population worldwide is predicted to favor the injuries cases as this population is more prone to develop complications and surgeries. The healthcare industry is continually expanding due to factors such as an aging population. This growth is likely to drive the demand for surgical instruments such as forceps and spatulas.

The number of persons above 65 years is projected to double in the coming years. The rise in the geriatric population accelerate the market growth as ageing population is highly susceptible to complications, which can foster the demand for the forceps and spatulas across the globe.

• Increasing Healthcare Expenditure

Greater healthcare expenditure, both by governments and private entities, can provide healthcare facilities with more resources to invest in advanced surgical equipment and treatments. Thus, demand for instruments have driven the development of new technologies which further fuel the growth during market in the forecast period 2023-2030.

Moreover, forceps and spatulas are not limited to medical procedures but are also used in laboratories for research and diagnostics. As scientific research and biotechnology continue to advance, the demand for these instruments in research and diagnostic applications is likely to enhance, which will further act as driver that will lead to the growth of the global forceps and spatulas market in the above mentioned projected timeframe.

Opportunity

• Increasing Advancements in Medical Technology

Advancements in medical technology: Ongoing innovations in medical instruments and tools, including forceps and spatulas, can enhance precision, reduce invasiveness, and improve patient outcomes. Manufacturers are developing new materials and designs to meet the evolving needs of healthcare professionals which can create opportunities for market growth.

Additionally, consolidation within the medical equipment industry through mergers and acquisitions can influence market dynamics, potentially leading to increased competition or product diversification. This will create lucrative opportunities in the market, thereby supplementing the market growth.

Restraint/Challenge

• High Cost of Advanced Instruments

On the other hand, technologically advanced forceps and spatulas with specialized features can be expensive to manufacture and purchase. This cost can be a barrier for smaller healthcare facilities or institutions with limited budgets. This will likely to act as market restraints factor for the growth of the market in the above mentioned projected timeframe. Moreover, improper sterilization procedures for reusable equipment will become the biggest and foremost challenge for the growth of the market in the forecast period of 2023-2030.

This global forceps and spatulas market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global forceps and spatulas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2022, Xenco Medical, U.S. based medical technology company, expanded its ambulatory surgical device portfolio with the launch of its Multilevel CerviKitTM. It is a comprehensive suite of implants with single use cervical spine technology to perform cervical spine procedures.

Global Forceps and Spatulas Market Scope

The global forceps and spatulas market is segmented on the basis of type, spatula material, forceps types and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Trulla Spatulas
• Taper Blade Spatulas
• Nuffield Spatulas
• Porcelain Spatulas
• Micro Spatulas
• Sterile Spatulas
• Double Spatulas or Spoon Spatulas
• Taper Blade Spatulas
• Other

Spatula Material

• Polystyrene or Nylon
• Polypropylene and PTFE or Porcelain
• Stainless Steel and Nickel

Forceps Types

• Disposable Forceps
• Reusable PTFE- coated Forceps
• Stainless Steel Forceps
• Dissecting forceps
• Tissue forceps
• Iris forceps
• Pointed forceps
• Filter forceps
• Others

Application

• Neurosurgery
• Plastic and Reconstructive Surgeries
• Wound Closure
• Urology
• Obstetrics and Gynaecology
• Thoracic Surgery
• Micro-vascular Surgery
• Cardiovascular Surgery
• Orthopedic Surgery
• Laparoscopy
• Others

Global Forceps and Spatulas Market Analysis/Insights

The global forceps and spatulas market is analyzed and market size insights and trends are provided by country, type, spatula material, forceps types and application as referenced above.

The countries covered in the global forceps and spatulas market  report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global forceps and spatulas market due to the prevailing advanced healthcare technologies, supportive government policies, and prevalence of favorable policies.

Asia-Pacific is projected to exhibit the highest growth rate during the forecast period 2023-2030 owing to increase in demands for better healthcare services, growing number of road accidents and increased expenditure for the development of healthcare infrastructure in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global forceps and spatulas market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global forceps and spatulas market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global forceps and spatulas market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Forceps and Spatulas Market Share Analysis

The global forceps and spatulas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global forceps and spatulas market.

Some of the major players operating in the global forceps and spatulas market are:

• Thermo Fisher Scientific Inc. (U.S.)
• Paramount Industries (India)
• KUMPULAN SAINTIFIK KSFE (Malaysia)
• Hebson (India)
• Uteshiya Medicare (India)
• Bharat Surgical Co. (India)
• Jay Shakti Industries (India)
• Merck KGaA (Germany)
• VWR International, LLC. (U.S.)
• Stingray Surgical Products, LLC (U.S.)

SKU-47729