Hand-held Surgical Instruments Market Size, Share & Trends Analysis Report - By Application (Orthopedic and Obstetrics & Gynecology), By Product (Retractors and Forceps), and By End Use (Hospitals, Clinics, Ambulatory Surgical Centers, and Others) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Hand-held Surgical Instruments market, which accrued nearly 4.1 (USD Billion) in 2019, is set to record the CAGR of nearly 7.5% over the period from 2020 to 2026.

13-Aug-2020 | Number of pages: 110 | Report Code: ZMR-4047 | Report Format : | Status : Published

Abstract

The global Hand-held Surgical Instruments market, which accrued nearly 4.1 (USD Billion) in 2019,   is set to record the CAGR of nearly 7.5% over the period from 2020 to 2026. The report offers assessment and analysis of the Hand-held Surgical Instruments market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Application, By Product, By End-Use,  and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Hand-held surgical equipment are widely used for performing various kinds of surgeries. Myriad Products of these devices comprise of scissors, knives, blunt dissectors, scalpels, punches, snares, bone cutters, and curettes.  These instruments are used in minimally invasive surgeries including precise incision and post-surgery operations. Apart from this, these devices reduce blood loss during surgical operations, minimizes stay at hospitals, facilitate rapid recovery of patients and poses no post –operation adverse effects. Apparently, these instruments contain stainless steel material of high grade and can be availed in myriad shapes, sizes, and designs for performing particular kind of surgical operations.

Market Growth Drivers

Surge in the amount of surgeries and rise in the need for aesthetic surgeries will steer the growth of hand-held surgical instruments industry over the ensuing years. Moreover, rapid increase in the aging population will contribute sizably towards the overall market revenue in the coming years. Additionally, innovations in the designing of the instruments and interface designing will provide enhance utilization of the devices for the physicians, thereby driving the market growth.

Moreover, growing occurrence of heart disorders, neurological ailments, and orthopedic surgeries will embellish the growth rate of the market over the coming years. Apart from this, increase in the road collisions resulting in the increase in the number of surgical operations will generate huge demand for the product in the healthcare sector in the coming years.

North American Market To Accrue Major Proceeds Over 2020-2026

The growth of the market in the sub-continent over the forecast timeline is owing to a prominent bulge in the heart disorders, autoimmune ailments, neurological illnesses, diabetes, and cancer. In addition to this, presence of key device producing firm and huge geriatric population base will further amplify the market growth in North America over the years to come. Introduction of new surgical techniques will proliferate the market demand in the region.

Key participants profiled in the report include Aspen Surgical, Johnson & Johnson, Becton, Dickinson and Company, CooperSurgical Inc., Integra LifeSciences Corporation, Zimmer Biomet Holdings, B. Braun Melsungen AG, Medtronic, Smith & Nephew, and Thompson Surgical Instruments Inc.

The global hand-held surgical instruments market is segmented as follows:

By Product

  • Forceps
  • Retractors
  • Dilators
  • Graspers
  • Scalpels
  • Others 

By Application

  • Neurosurgery
  • Cardiovascular
  • Orthopedic
  • Plastic & Reconstructive Surgery
  • Obstetrics & Gynecology
  • Others

By End-use

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Surge in the amount of surgeries and rise in the need for aesthetic surgeries will steer the growth of hand-held surgical instruments industry over the ensuing years.

The CAGR of the industry is expected to be nearly over 7.5% during the forecast timeline.

North America will contribute remarkably towards the global market share over the estimated timeline.

The key market players include Aspen Surgical, B. Braun Melsungen AG, Johnson & Johnson, Becton, Dickinson and Company, CooperSurgical Inc., Integra LifeSciences Corporation, Zimmer Biomet Holdings, Medtronic, Smith & Nephew, and Thompson Surgical Instruments Inc.

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