Hand-held Surgical Instruments Market Size is projected to reach USD 9.62 billion by 2030, growing at a CAGR of 7.26%: Straits Research

Jason Junior

1 year ago

New York, United States, June 07, 2023 (GLOBE NEWSWIRE) — The medical equipment that is utilized to carry out a variety of surgeries is hand-held surgical tools. The hand-held surgical tools are mainly utilized for minimally invasive procedures, such as precise incisions and post-operative procedures. The fact that hand-held surgical instruments are made of high-grade stainless steel is their most notable attribute.

One of the key factors driving the growth of the hand-held surgical instrument market is the rising prevalence of cosmetic surgery and neurological disorders. Other indirect factors influencing the growth of the market for portable surgical equipment include increased personal disposable income and rising spending on R&D for new advancements. Growing geriatric populations and increased traffic accidents, particularly in developing nations, will create even more attractive chances for the expanding hand-held surgical instruments market. The market is expanding due to increased activities for women’s education and raising awareness of women’s health.

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Aesthetic Surgery is Becoming More Popular

The rising prevalence of neurological diseases was one of the primary factors driving the growth of the hand-held surgical instruments market. Increased spending on R&D operations for product development and rising personal disposable income are two more indirect market growth determinants. The market is also expanding due to increased activities aimed at women’s education and awareness of women’s health.

Increase in the Number of Operations

Over the next few years, the demand for aesthetic procedures will propel the hand-held surgical instrument market expansion. Additionally, the aged population is projected to increase in the following years, substantially impacting market revenue. Additionally, interface and instrument design improvements will enable doctors to get more use out of their devices, spurring market expansion.

Growth opportunities for the global hand-held surgical instruments market

The growing number of road accidents

Several surgical procedures are performed all across the world. It is another factor that will propel the sector in the following years. The market for hand-held surgical devices could experience profitable growth due to rising rates of car accidents, particularly in developing countries where the population is ageing. The industry is expanding due to more significant efforts to educate women and raise awareness of their health.

Report Scope

Report Metric	Details
Market Size by 2030	USD 9.62 billion
Market Size in 2021	USD 5.12 billion
CAGR	7.26%
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product, By Application, By End-Users
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Medtronic, Smith & Nephew, Zimmer Biomet Holdings, Johnson & Johnson, Becton, CooperSurgical Inc., B. Braun Melsungen AG, Integra LifeSciences Corporation, Thompson Surgical, KLS Martin
Key Market Opportunities	The growing number of road accidents
Key Market Drivers	Increasing numbers of people opting for cosmetic surgery

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Regional analysis of the global hand-held surgical instruments market

Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Due to the rising prevalence of chronic diseases such as cancer, diabetes, autoimmune diseases, cardiovascular diseases, neurological diseases, and cancer, the market is expanding.

The prevalence of chronic illnesses like cancer, neurological, musculoskeletal, and cardiovascular disorders has also been rising in Canada, which has had a substantial positive impact on the industry. A few other essential aspects driving the market expansion in the nation include an increase in burn injuries, trauma cases, and operations. According to the WHO, over 88 per cent of fatalities in Canada are caused by non-communicable diseases such as diabetes, cancer, chronic respiratory disorders, and cardiovascular diseases. These statistics show that surgical procedures are becoming more common. Thus, it is anticipated that these factors will boost demand for hand-held surgical instruments, which will, in turn, fuel market expansion in the area.

The WHO estimates that the burden of non-communicable illnesses is highest in Europe and will continue to increase rapidly in the coming years. As the frequency of surgical procedures rises, the region’s demand for surgical instruments increases. One of the primary drivers of the Asian-Pacific market is the rise in the number of elderly people.

Key Highlights

The global hand-held surgical instruments market size is anticipated to reach USD 9.62 billion by 2030 at a CAGR of 7.26%.
The global hand-held surgical instruments market is divided into four parts based on product types, applications, end-users, and region. Further, based on the product type, the market is divided into scalpels, forceps, retractors, dilators, and graspers.
Neurosurgery, cardiovascular, orthopaedic, plastic & reconstructive surgery, gynaecology & obstetrics, and others comprise the hand-held surgical instruments market’s application segment. Gynaecology & obstetrics is the segment that dominates the global market.
According to end-users, the market is divided into hospitals, specialized clinics, long-term care centres, and ambulatory surgery centres. The hospital segment holds the largest market share.
Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominates the market.

Some key players dealing in the global hand-held surgical instruments market are

Medtronic
Smith & Nephew
Zimmer Biomet Holdings
Johnson & Johnson
Becton
CooperSurgical Inc.
B. Braun Melsungen AG
Integra LifeSciences Corporation
Thompson Surgical
KLS Martin
Aspen Surgical
Dickinson and Company

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Global hand-held surgical instruments market: Segmentation

By Product

Forceps
Retractors
Dilators
Graspers
Scalpels
Others

By Application

Neurosurgery
Cardiovascular
Orthopaedic
Plastic & Reconstructive Surgery
Obstetrics & Gynaecology
Others

By End-Users

Hospitals
Clinics
Ambulatory Surgical Centres
Others

By Region

North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Sales And Distribution Channel Analysis
4. Trade Analysis
5. Average Pricing Analysis
6. Patent Analysis
7. M & A Agreements & Collabration Analysis
8. Cost Structure Analysis
ESG TRENDS
GLOBAL HAND-HELD SURGICAL INSTRUMENTS MARKET SIZE ANALYSIS
1. Global Hand-Held Surgical Instruments Market Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
5. U.S.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Forceps
      1. By Value
    3. Retractors
      1. By Value
    4. Dilators
      1. By Value
    5. Graspers
      1. By Value
    6. Scalpels
      1. By Value
    7. Others
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Neurosurgery
      1. By Value
    3. Cardiovascular
      1. By Value
    4. Orthopaedic
      1. By Value
    5. Plastic & Reconstructive Surgery
      1. By Value
    6. Obstetrics & Gynaecology
      1. By Value
    7. Others
      1. By Value
  3. By End-Users
    1. Introduction
      1. End-Users By Value
    2. Hospitals
      1. By Value
    3. Clinics
      1. By Value
    4. Ambulatory Surgical Centres
      1. By Value
    5. Others
      1. By Value
6. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
5. U.K.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Forceps
      1. By Value
    3. Retractors
      1. By Value
    4. Dilators
      1. By Value
    5. Graspers
      1. By Value
    6. Scalpels
      1. By Value
    7. Others
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Neurosurgery
      1. By Value
    3. Cardiovascular
      1. By Value
    4. Orthopaedic
      1. By Value
    5. Plastic & Reconstructive Surgery
      1. By Value
    6. Obstetrics & Gynaecology
      1. By Value
    7. Others
      1. By Value
  3. By End-Users
    1. Introduction
      1. End-Users By Value
    2. Hospitals
      1. By Value
    3. Clinics
      1. By Value
    4. Ambulatory Surgical Centres
      1. By Value
    5. Others
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
5. China
  1. By Product
    1. Introduction
      1. Product By Value
    2. Forceps
      1. By Value
    3. Retractors
      1. By Value
    4. Dilators
      1. By Value
    5. Graspers
      1. By Value
    6. Scalpels
      1. By Value
    7. Others
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Neurosurgery
      1. By Value
    3. Cardiovascular
      1. By Value
    4. Orthopaedic
      1. By Value
    5. Plastic & Reconstructive Surgery
      1. By Value
    6. Obstetrics & Gynaecology
      1. By Value
    7. Others
      1. By Value
  3. By End-Users
    1. Introduction
      1. End-Users By Value
    2. Hospitals
      1. By Value
    3. Clinics
      1. By Value
    4. Ambulatory Surgical Centres
      1. By Value
    5. Others
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
5. UAE
  1. By Product
    1. Introduction
      1. Product By Value
    2. Forceps
      1. By Value
    3. Retractors
      1. By Value
    4. Dilators
      1. By Value
    5. Graspers
      1. By Value
    6. Scalpels
      1. By Value
    7. Others
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Neurosurgery
      1. By Value
    3. Cardiovascular
      1. By Value
    4. Orthopaedic
      1. By Value
    5. Plastic & Reconstructive Surgery
      1. By Value
    6. Obstetrics & Gynaecology
      1. By Value
    7. Others
      1. By Value
  3. By End-Users
    1. Introduction
      1. End-Users By Value
    2. Hospitals
      1. By Value
    3. Clinics
      1. By Value
    4. Ambulatory Surgical Centres
      1. By Value
    5. Others
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Forceps
    1. By Value
  3. Retractors
    1. By Value
  4. Dilators
    1. By Value
  5. Graspers
    1. By Value
  6. Scalpels
    1. By Value
  7. Others
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Neurosurgery
    1. By Value
  3. Cardiovascular
    1. By Value
  4. Orthopaedic
    1. By Value
  5. Plastic & Reconstructive Surgery
    1. By Value
  6. Obstetrics & Gynaecology
    1. By Value
  7. Others
    1. By Value
4. By End-Users
  1. Introduction
    1. End-Users By Value
  2. Hospitals
    1. By Value
  3. Clinics
    1. By Value
  4. Ambulatory Surgical Centres
    1. By Value
  5. Others
    1. By Value
5. Brazil
  1. By Product
    1. Introduction
      1. Product By Value
    2. Forceps
      1. By Value
    3. Retractors
      1. By Value
    4. Dilators
      1. By Value
    5. Graspers
      1. By Value
    6. Scalpels
      1. By Value
    7. Others
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Neurosurgery
      1. By Value
    3. Cardiovascular
      1. By Value
    4. Orthopaedic
      1. By Value
    5. Plastic & Reconstructive Surgery
      1. By Value
    6. Obstetrics & Gynaecology
      1. By Value
    7. Others
      1. By Value
  3. By End-Users
    1. Introduction
      1. End-Users By Value
    2. Hospitals
      1. By Value
    3. Clinics
      1. By Value
    4. Ambulatory Surgical Centres
      1. By Value
    5. Others
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Hand-Held Surgical Instruments Market Share By Manufacturers
3. Hand-Held Surgical Instruments Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. Medtronic
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Smith & Nephew
3. Zimmer Biomet Holdings
4. Johnson & Johnson
5. Becton
6. CooperSurgical Inc.
7. B. Braun Melsungen AG
8. Integra LifeSciences Corporation
9. Thompson Surgical
10. KLS Martin
11. Aspen Surgical
12. Dickinson And Company
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/hand-held-surgical-instruments-market/toc

Recent Developments:

In February 2022, the CORI Surgical System, a next-generation hand-held robotics platform from Smith + Nephew, a multinational company in the medical technology sector, made its commercial debut in Japan.
In May 2022, the Johnson & Johnson subsidiary received a second FDA approval for its Monarch robotic surgery system, allowing it to be used in kidney stone removal treatments.
In May 2022, BD (Becton, Dickinson, and Company), a global leader in medical technology, announced the debut of their new, fully automated, high-throughput infectious disease molecular diagnostics platform in the United States.

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