The hand-held surgical instruments 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.
Hand-Held Surgical Instruments 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 hand-held surgical instruments market size has grown strongly in recent years. It will grow from $6.59 billion in 2023 to $7.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to advancements in minimally invasive surgery, aging population, healthcare infrastructure development, surge in chronic diseases, regulatory compliance.
The hand-held surgical instruments market size is expected to see rapid growth in the next few years. It will grow to $10.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to personalized medicine, telemedicine and remote surgery, healthcare expenditure growth, emerging healthcare market, surgical training and skill development. Major trends in the forecast period include surgical robotics integration, eco-friendly and sustainable solutions, advanced materials and coatings, telemedicine and remote surgery, smart and connected instruments.
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Scope Of Hand-Held Surgical Instruments 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.
Hand-Held Surgical Instruments Market Overview
Market Drivers –
An increase in the geriatric population is driving the hand-held surgical instruments market. The geriatric population consists of adults 65 years of age and older. People at this age are more prone to fall ill and catch a severe disease that needs proper treatment and surgical intervention. Surgical instruments are used in surgeries and carrying out treatment for various diseases. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, globally, 1 in 6 individuals would be 60 or older by 2030 and is expected to reach 2.1 billion elderly people by 2050. Therefore, the increasing geriatric population will propel the hand-held surgical instruments market.
The hand-held surgical instruments market covered in this report is segmented –
1) By Product: Forceps, Retractors, Dilators, Graspers, Scalpels, Other Products
2) By Application: Neurosurgery, Cardiovascular, Orthopedic, Plastic And Reconstructive Surgery, Obstetrics And Gynecology, Other Applications
3) By End User: Clinics, Ambulatory Surgical Centers, Other End Users
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Regional Insights –
North America was the largest region in the hand-held surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand-held surgical instruments market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the hand-held surgical instruments market include Johnson & Johnson, B. Braun Melsungen AG, Medtronic plc, Zimmer Biomet Holdings Inc., KLS Martin Group, Aspen Surgical Products Inc., CooperSurgical Inc., Thompson Surgical Instruments Inc., Becton, Dickinson and Company, Swann-Morton Limited, Peters Surgical SAS, Huaiyin Medical Instruments Co. Ltd., ConMed Corp., Stryker Corporation, Integra LifeSciences Corporation, Smith & Nephew plc, Aesculap AG, Scanlan International Inc., Sklar Surgical Instruments, Symmetry Surgical Inc., Millennium Surgical Corp., Surgipro Inc., Teleflex Incorporated, Wexler Surgical, Grena Ltd., Surgmed Group, Surtex Instruments Ltd., Instrumed International B.V., Surgitrac Instruments UK Limited, Sontec Instruments Inc.
Table of Contents
1. Executive Summary
2. Hand-Held Surgical Instruments Market Characteristics
3. Hand-Held Surgical Instruments Market Trends And Strategies
4. Impact Of COVID-19 On Hand-Held Surgical Instruments
5. Hand-Held Surgical Instruments Market Size And Growth
…
26. Africa Hand-Held Surgical Instruments Market
27. Hand-Held Surgical Instruments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hand-Held Surgical Instruments Market
29. Hand-Held Surgical Instruments Market Future Outlook and Potential Analysis
30. Appendix
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