Summary
The global Hand-Held Surgical Instruments Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Hand-held surgical instruments are advanced medical equipment that reduces post-surgery problems. These devices are majorly used in minimally invasive surgical procedures. Moreover, there are no post-operative side effects and have less blood loss. Scalpels, forceps, scissors, and retractors are some of the hand-held surgical instruments that are widely used in surgical procedures. Hand-held surgical devices are produced from high-grade stainless steel and are available in different shapes and sizes as per the requirement.
The growing demand for aesthetic procedures around the globe is a prime factor fueling the market growth of hand-held surgical instruments. Also, a growing number of accidents around the globe are also contributing to the market growth of medical hand-held surgical instruments. Moreover, increasing geriatric population is augmenting the prevalence of chronic disease such as cancer and cardiovascular disease which is again driving the market growth of hand-held surgical instruments. According to the World Health Organization, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. Additionally, in 2050, 80% of older people will be living in low- and middle-income countries. Furthermore, increasing global spending on the healthcare sector for adopting advanced treatment and improving healthcare facilities is another major factor propelling the market growth of the medical hand-held surgical instruments over the forecast period.
From the geographical point of view, North America is expected to gain significant growth over the forecast period and this is attributed to the high demand for minimally invasive surgeries in the region. According to the American Society of Plastic Surgeons, in 2019, minimally invasive cosmetic procedures grew at a higher rate than surgical procedures. 2019 marked the highest number of Botulinum toxin type A injections to date with over 7.69 million injections, and facial rejuvenation procedures. Nearly 6 million reconstructive procedures were performed in 2019 and around 1.0 million Laser hair removal procedures were performed in the region.
Key Developments:
- In June 2020, BVI, the fastest growing diversified company in ophthalmology, announced the European launch of CryoTreq – the first single-use, handheld cryo-surgery device for ophthalmology. This stand-alone device for cryo-surgery functions without external connections to equipment, gas tanks, or power and does not require any service or maintenance.
- In July 2020, Smith+Nephew the global medical technology business announced the launch of its Real Intelligence brand of enabling technology solutions, as well as its new-generation handheld robotics platform – the CORI Surgical System.
The Hand Held Surgical Instruments Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Hand Held Surgical Instruments Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Zimmer Biomet
- B. Braun
- BD
- Integra LifeSciences
- Smith & Nephew
- Medtronic
- CooperSurgical
- Johnson & Johnson
- Thompson Surgical
- Aspen Surgical
By Product Type, the market is primarily segmented into:
- Forceps
- Retractors
- Dilators
- Graspers
- Scalpels
- Others
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Hand Held Surgical Instruments Market Report:
- To assess the size of the market by value and volume
- Analyze the Hand Held Surgical Instruments Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Hand Held Surgical Instruments Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Hand Held Surgical Instruments Market
The Hand Held Surgical Instruments Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Hand-Held Surgical Instruments Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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