Global Handheld Surgical Instruments Market, By Product (Forceps, Retractors, Dilators, Graspers, Scalpels and Others), Application (Neurosurgery, Cardiovascular, Orthopaedic, Plastic and Reconstructive Surgery, Obstetrics and Gynaecology and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Handheld Surgical Instruments Market
Data Bridge Market Research analyses that the handheld surgical instruments market will exhibit a CAGR of around 6.81% for the forecast period of 2021-2028. This means that the handheld surgical instruments market value, which was USD 4347.51 million in 2020, will rocket up to USD 7364.37 million by 2028. Rising prevalence of surgeries around the globe, increased focus of technological advancements involved in the manufacturing of medical devices and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of handheld surgical instruments market.
Handheld surgical instruments are the medical devices that are used to perform a wide range of surgeries. The handheld surgical instruments are especially used in minimally invasive surgeries including precise incision and post-surgery operations. The biggest feature of handheld surgical instruments is that they are composed of high grade stainless steel.
Rising prevalence of aesthetic surgeries coupled with increasing incidences of neurological ailments is one of the major factors fostering the growth of handheld surgical instruments market. Rising expenditure for research and development activities for product innovations and rising personal disposable income are some other indirect handheld surgical instruments market growth determinants. Rising cases of road accidents especially in the developing economies coupled with rising geriatric population will further generate lucrative handheld surgical instruments market growth opportunities. Increase in initiatives toward women’s education and the growing awareness about women's health is also bolstering the market growth.
However, high costs associated with surgical procedures will act as a market growth restraint. The competitive pricing among manufacturers will further derail the handheld surgical instruments market growth rate. Unfavourable reimbursement policies especially in the developing economies will further pose challenges for the handheld surgical instruments market growth.
This handheld 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 localised 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 handheld 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.
Global Handheld Surgical Instruments Market Scope and Market Size
The handheld surgical instruments market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the global handheld surgical instruments market has been divided into forceps, retractors, dilators, graspers, scalpels and others.
- Based on the application, the handheld surgical instruments market is segmented into neurosurgery, cardiovascular, orthopaedic, plastic and reconstructive surgery, obstetrics and gynaecology and others.
- Based on the end user, the handheld surgical instruments market is segmented into hospitals, clinics, ambulatory surgery centres, and others.
Handheld Surgical Instruments Market Country Level Analysis
The handheld 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 handheld 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 handheld surgical instruments market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing sophisticated level of healthcare facilities coupled with the increasing incidence of chronic diseases. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the rising geriatric population and increased expenditure on healthcare infrastructure and rising demand for microsurgeries.
The country section of the handheld surgical instruments market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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
Handheld 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 digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the handheld surgical instruments market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Handheld Surgical Instruments Market Share Analysis
The handheld 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 handheld surgical instruments market.
The major players covered in the handheld surgical instruments market report are Bausch Health Companies Inc., B. Braun Melsungen AG, BIOTRONIK SE & Co KG, Medtronic, BD, Boston Scientific Corporation, Abbott, Integra LifeSciences Corporation, Johnson & Johnson Private Limited, Edwards Lifesciences Corporation., Koninklijke Philips N.V., Zimmer Biomet, CooperSurgical, Inc., Smith & Nephew, TOPCON CORPORATION, Novartis AG, Danaher., Aspen Surgical., Thompson Surgical and KLS Martin Group. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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