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Overview and Scope
Hand-held surgical instruments are usually built of premium stainless steel and come in a wide range of sizes, styles, and shapes appropriate for various surgical procedures. Hand-held surgical instruments are used in the surgical procedures and operated on while being held in hand. A wide variety of hand-held surgical instruments are used in numerous surgical operations, including scalpels, forceps, scissors, and retractors.
Sizing and Forecast
The hand-held surgical instruments market size has grown strongly in recent years. It will grow from <b>$6.59 billion in 2023 to $7.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. </b> 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 <b>$10.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the hand-held surgical instruments market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the hand-held surgical instruments market include <b> 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. </b>
The hand-held surgical instruments market report table of contents includes:
1. Executive Summary
2. Hand-Held Surgical Instruments Market Characteristics
3. Hand-Held Surgical Instruments Market Trends And Strategies
4. Hand-Held Surgical Instruments Market – Macro Economic Scenario
5. Global Hand-Held Surgical Instruments Market Size and Growth
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26. South America Hand-Held Surgical Instruments Market
27. Brazil Hand-Held Surgical Instruments Market
28. Middle East Hand-Held Surgical Instruments Market
29. Africa Hand-Held Surgical Instruments Market
30. Hand-Held Surgical Instruments Market Competitive Landscape And Company Profiles
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