As per this study the Global Hand-Held Surgical Instruments Market was valued USD 6.48 BN (by revenue) in 2022 and is anticipated to reach USD 12.26 BN by 2030 with a CAGR of 8.3%.
Hand-held surgical instruments are nonexpendable apparatus used in the immediate operative field during the surgical procedure. These are specially designed tools for assisting health care professionals to perform specific actions during the operation. Many hand-held surgical instruments are available in almost every specialization in medicine.
Market Dynamics
The increasing geriatric populations and the growing prevalence of chronic diseases such as neurological, cardiovascular, infectious, and urological are driving market growth. In addition, an increasing number of road accidents across the globe are also contributing in demand of hand-held surgical instruments. Also, increasing demand for hand-held surgical instruments in cardiovascular surgeries, microvascular surgeries, and laparoscopic surgeries is another factor fuelling the market growth. However, rising number of minimally invasive and non-invasive surgical procedures is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hand-held surgical instruments.
Market Segmentation
The broad hand-held surgical instruments market has been sub-grouped into product, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Forceps
- Retractors
- Dilators
- Graspers
- Scalpels
- Cannulas
- Dermatome
- Trocars
- Others
By Application
- Orthopedic Surgery
- Cardiology
- Ophthalmology
- Wound Care
- Audiology
- Thoracic Surgery
- Urology & Gynecology Surgery
- Plastic Surgery
- Neurosurgery
- Others
By End-use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hand-held surgical instruments in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Hand-Held Surgical Instruments Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hand-held surgical instruments market include B. Braun Melsungen AG, Integra LifeSciences Corporation, Medtronic, Smith & Nephew, Zimmer Biomet Holdings, Johnson & Johnson Services Inc., Becton, Dickinson and Company, CooperSurgical Inc., Thompson Surgical Instruments Inc., Aspen Surgical. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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