Global Hand-Held Surgical Instruments Market, By Product (Forceps, Retractors, Dilators, Graspers, Scalpels And Others), Application (Neurosurgery, Cardiovascular, Orthopedic, Plastic and Reconstructive Surgery, Obstetrics and Gynecology And Others), End-User (Hospitals, Clinics, Ambulatory Surgical Centers And Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
According to WHO, the burden of non-communicable diseases is highest in Europe region and is expected to grow at a high rate in future. Over 1,079,720 road injuries were reported in 2015, according to the European Road Safety Observatory's Annual Accident Report 2017. The need for surgical tools in the region is increasing as the number of surgical procedures increases. One of the primary reasons boosting the market in Asia-Pacific is the growing elderly population.
Data Bridge Market Research analyses that the hand-held surgical instruments market which was USD 5.08 billion in 2021, would rocket up to USD 8.99 billion by 2029, and is expected to undergo a CAGR of 7.40% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Forceps, Retractors, Dilators, Graspers, Scalpels And Others), Application (Neurosurgery, Cardiovascular, Orthopedic, Plastic and Reconstructive Surgery, Obstetrics and Gynecology And Others), End-User (Hospitals, Clinics, Ambulatory Surgical Centers And Others)
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Countries Covered
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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
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Market Players Covered
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Johnson and Johnson Private Limited (U.S), BD (U.S), B. Braun Melsungen AG (Germany), Hill-Rom Services Inc. (U.S), Medtronic (Ireland), Swann-Morton Ltd. (U.S), Kai Industries Co., Ltd. (Japan), Zimmer Biomet (U.S), KLS Martin Group (Germany), SteriLance Medical (Suzhou) Inc. (China), Huaiyin Medical Instruments Co.,Ltd (China), Integra LifeSciences (U.S), Smith & Nephew (U.S), Aspen Surgical (U.S), CooperSurgical Inc. (U.S), Thompson Surgical Instruments Inc. (U.S)
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Market Opportunities
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Market Definition
Hand-held surgical instruments are disposable instruments that are utilised in the immediate operative field during surgery. These are tools that have been specifically intended to aid health care workers in doing specific actions during an operation. Almost every medical specialty has a wide range of hand-held surgical equipment.
Hand-Held Surgical Instruments Market Dynamics
Drivers
- Growing occurrence of chronic diseases
According to the World Federation of Neurology, 12 out of every 100 patients die due to neurological diseases. Cardiovascular diseases are also leading to an increase in a number of heart surgeries. For instance, coronary artery bypass grafting (CABG) is a common surgery to unblock the coronary artery. Increasing burden of these diseases has led to growth of therapies and treatments, thereby leading to rise in demand for handheld surgical instruments.
- Technical developments leading to products
The rise in the number of surgical procedures, the rise in demand for cosmetic procedures, and the fast rising elderly population are all innovative elements. The International Society of Aesthetic Plastic Surgery (ISAPS) performed a survey that revealed that surgical treatments increased by one million from 2014 to 2015, with Americans spending more than USD 15 billion on aesthetic procedures. Surgeons are likely to benefit from technological advances in the areas of design and interaction. The entire hand-held surgical equipment market is predicted to benefit from compact designs, portable devices, and the availability of suction mode.
- Surge in the amount of surgeries
The need for aesthetic procedures will drive the growth of the hand-held surgical tools business, over the next few years. Furthermore, in the approaching years, the rapid expansion in the elderly population will contribute significantly to the overall market revenue. In addition, advancements in instrument design and interface design will help physicians get more out of their gadgets, boosting market growth.
- Rising prevalence of aesthetic surgeries
One of the initial factors driving the growth of the portable surgical instruments market is the increasing rates of neurological illnesses. Other indirect market growth variables include increased spending on research and development operations for product developments and rising personal disposable income. The market is also rising due to an increase in activities aimed at women's education and a greater awareness of women's health.
Opportunities
Surgical procedures are conducted in large numbers all throughout the world. According to OMICS International Conferences, approximately 234 million surgical procedures were conducted in 2015. Another element that will likely drive the industry in the next years is this. Increasing occurrences of vehicle accidents, particularly in developing nations, combined with an ageing population would create profitable development possibilities for hand-held surgical instruments market. Increased initiatives for women's education and increased awareness of women's health are boosting market growth.
Restraints/Challenges
Furthermore, an increase in the incidence of traffic accidents is a major rendering factor. The growing number of minimally invasive and non-invasive surgical treatments, on the other hand, is projected to stifle market expansion.
This hand-held surgical instruments 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 hand-held surgical instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hand-Held Surgical Instruments Market
COVID-19 has a wide range of effects on surgical practise, including workforce and staffing concerns, procedural prioritisation, intraoperative viral transmission risk, changes in perioperative practise and ways of working, and the impact on surgical education and training. While there is a growing body of knowledge outlining the early clinical course of COVID-19 and features of critical care relevant to treating these patients, there is a paucity of data on how this pandemic may effect surgical practise.
Global Hand-Held Surgical Instruments Market Scope
The hand-held surgical instruments market is segmented on the basis of product, application and end-user. 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.
Product
- Forceps
- Retractors
- Dilators
- Graspers
- Scalpels
- Others
Application
- Neurosurgery
- Cardiovascular
- Orthopedic
- Plastic and Reconstructive Surgery
- Obstetrics and Gynecology
- Others
End-User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Hand-Held Surgical Instruments Market Regional Analysis/Insights
The hand-held surgical instruments market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the hand-held surgical instruments 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 hand-held surgical instruments market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2022 to 2029. This is due to the current innovative level of healthcare services and the increasing occurrence of chronic diseases.
Asia-Pacific on the other hand is expected to exhibit the highest growth rate during the forecast period owing to the rising geriatric population and improved expenditure on healthcare infrastructure and growing demand for microsurgeries.
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 hand-held surgical instruments 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 hand-held surgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hand-held surgical instruments market. The data is available for historic period 2010-2020.
Competitive Landscape and Hand-Held Surgical Instruments Market Share Analysis
The hand-held surgical instruments 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 hand-held surgical instruments market.
Some of the major players operating in the hand-held surgical instruments market are:
- Johnson and Johnson Private Limited (U.S)
- BD (U.S)
- B. Braun Melsungen AG (Germany)
- Hill-Rom Services Inc. (U.S)
- Medtronic (Ireland)
- Swann-Morton Ltd. (U.S)
- Kai Industries Co., Ltd. (Japan)
- Zimmer Biomet (U.S)
- KLS Martin Group (Germany)
- SteriLance Medical (Suzhou) Inc. (China)
- Huaiyin Medical Instruments Co.,Ltd (China)
- Integra LifeSciences (U.S)
- Smith & Nephew (U.S)
- Aspen Surgical (U.S)
- CooperSurgical Inc. (U.S)
- Thompson Surgical Instruments Inc. (U.S)
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