The 2022 global Hand-Held Surgical Instruments Market size amounted to USD 14.9 billion and is projected to exhibit a revenue compound annual growth rate (CAGR) of 7.6% throughout the forecast period, as per the latest report from Reports and Data.
Hand-held surgical tools find common use in surgical procedures, encompassing functions such as cutting, dissecting, grasping, holding, and suturing. These instruments empower surgical teams, including surgeons, nurses, and other healthcare professionals, to perform precise surgical interventions. Furthermore, the market’s revenue is poised for growth due to increased healthcare expenditure, enhancements in healthcare infrastructure, and heightened demand for minimally invasive surgical therapies.
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Moreover, the rising prevalence of chronic conditions such as cancer and cardiovascular diseases (CVDs) is driving the demand for surgical interventions, subsequently boosting the utilization of hand-held surgical instruments. Additionally, the expanding elderly population, which is more susceptible to chronic ailments, is contributing to the market’s revenue expansion. Furthermore, the proliferation of ambulatory surgical facilities and the shift towards minimally invasive procedures are expected to foster the adoption of hand-held surgical instruments in the years ahead.
Key players in the Hand-Held Surgical Instruments Market:
- B. Braun Melsungen AG
- CONMED Corporation
- Johnson & Johnson
- Medtronic
- Stryker Corporation
- Smith & Nephew plc
- Zimmer Biomet Holdings Inc.
- Integra LifeSciences Corporation
- Olympus Corporation
- MicroAire Surgical Instruments LLC.
Some Key Highlights in the Report:
- In 2022, the forceps segment dominated the global hand-held surgical equipment market in terms of revenue share, driven by a surge in worldwide demand for surgical procedures and advancements in surgical techniques. Surgeons rely on forceps during various surgical procedures to grasp and manipulate delicate tissues, blood vessels, and other fragile structures. Forceps come in various shapes and sizes, including straight, curved, and angled tips, tailored to meet specific surgical requirements. They are categorized into various types, such as artery forceps, dressing forceps, and tissue forceps.
- The orthopedic surgery sector exhibited the highest revenue growth rate within the global hand-held surgical instruments market in 2022. This can be attributed to the rising prevalence of musculoskeletal disorders and the increasing demand for joint replacement surgeries. Orthopedic surgery primarily focuses on treating musculoskeletal issues, including injuries to bones, joints, muscles, ligaments, and tendons. Hand-held surgical instruments used in orthopedic procedures include drills, saws, hammers, screws, and other tools that play a crucial role in cutting, drilling, and securing bones during surgical interventions.
- In 2022, the North American market claimed the largest share of revenue in the global hand-held surgical tools market, primarily due to the rising adoption of minimally invasive surgical procedures and a higher incidence of orthopedic conditions in this region. The presence of a substantial patient population with chronic conditions like cardiovascular diseases, cancer, and diabetes has also fueled the demand for hand-held surgical equipment in North America.
- The Asia Pacific market is anticipated to experience the fastest growth rate in revenue within the global hand-held surgical instruments market throughout the forecast period. This growth can be attributed to the increasing demand for advanced medical devices and improvements in healthcare infrastructure in the region. Additionally, the rising elderly population and the prevalence of chronic diseases such as cancer and diabetes are contributing factors to market growth. Furthermore, government initiatives aimed at enhancing healthcare infrastructure and the rapid expansion of the medical tourism industry in countries like India and Thailand are driving the increase in market revenue in this region.
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For the purpose of this report, Reports and Data has segmented the global hand-held surgical instruments market on the basis of Product Type Outlook, Application Outlook, and Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Forceps
- Scalpels
- Scissors
- Retractors
- Others
Application Outlook (Revenue, USD Billion; 2022 – 2032)
- Orthopedic Surgery
- Cardiovascular Surgery
- Plastic & Reconstructive Surgery
- Neurosurgery
- Others
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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