The surgical hooks global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surgical Hooks Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The surgical hooks market size has grown rapidly in recent years. It will grow from $0.78 billion in 2023 to $0.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to rising in obesity rates, rising aging population, rising demand for minimally invasive surgeries, surge in healthcare expenditure, and increasing adoption of outpatient surgeries.
The surgical hooks market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increasing demand for surgeries, higher incidence of chronic diseases, increasing minimally invasive surgeries, increasing demand for surgical hook, and advancements in robotic surgery. Major trends in the forecast period include technological advancements, integration of smart technologies, advancements in surgical hook materials, expansion in emerging markets, and emphasis on precision and ergonomics.
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Scope Of Surgical Hooks Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surgical Hooks Market Overview
Market Drivers –
The increasing number of minimally invasive surgical procedures is expected to propel the growth of the surgical hooks market going forward. The growing number of minimally invasive surgical procedures is due to advancements in medical technology, which have led to the development of more sophisticated and precise surgical instruments. Surgical hooks aid in minimally invasive procedures by providing precise tissue retraction and manipulation, facilitating accurate surgical maneuvers through smaller incisions. For instance, in January 2023, according to the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional body for board-certified aesthetic plastic surgeons, there was a 19.3% overall increase in procedures performed by plastic surgeons in 2021 from the year 2020, with more than 12.8 million surgical and 17.5 million non-surgical procedures performed worldwide. Therefore, the increasing number of minimally invasive surgeries is driving the growth of the surgical hooks market.
Market Trends –
Major companies operating in the surgical hooks market are focusing on strategic investment to enhance their product portfolios, expand manufacturing capabilities, and drive innovation. The strategic investments allow companies to meet the growing demand for advanced surgical instruments and maintain a competitive edge. For instance, in January 2024, Surgical Instruments Group Holdings Ltd., a UK-based medical device manufacturing company, unveiled plans to establish a healthcare device manufacturing facility in Hyderabad, investing Rs.231.5 crore ($27.7 million). In phase 1, Surgical Instruments Group Holdings manufactures general surgical instruments, precision instruments used in microsurgeries, orthopedic power tools, dermatomes used in maxo surgery, ophthalmic instruments, and minimally invasive surgery devices. In phase 2, the company will expand into robotic medical devices.
The surgical hooks market covered in this report is segmented –
1) By Type: Titanium Alloy, Stainless Steel, Plastic
2) By Category: Reusable, Disposable
3) By Application: Hospital, Clinic, Other Applications
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Regional Insights –
North America was the largest region in the surgical hooks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical hooks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the surgical hooks market are Johnson & Johnson, Medtronic plc, Becton, Dickinson and Company, Medline Industries Inc., B. Braun Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, CooperSurgical Inc., Arthrex GmbH, Integra LifeSciences Holdings Corporation , KLS Martin SE & Co., AtriCure Inc, Titan Medical Inc., Hu-Friedy Manufacturing Company LLC, Aspen Surgical Products Inc., MORIA SA, Sklar Surgical Instruments, Pelican Feminine Healthcare Ltd., Thompson Surgical Instruments Inc., BOSS Instruments Ltd., Timesco Healthcare Ltd, TeDan Surgical Innovations, Inami & Co. Ltd., Aygun Surgical Instruments, Eastern Surgical Company
Table of Contents
1. Executive Summary
2. Surgical Hooks Market characterstics
3. Surgical Hooks Market Trends And Strategies
4. Surgical Hooks Market – Macro Economic Scenario
5. Global Surgical Hooks Market Size And Growth
…..
32. Global Surgical Hooks Market Competitive Benchmarking
33. Global Surgical Hooks Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Surgical Hooks Market
35. Surgical Hooks Market Future Outlook and Potential Analysis
36. Appendix
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