Author: Acumen Research and Consulting

According to Acumen Research & Consulting, the Hand-Held Surgical Instruments Market was worth USD 5.8 Billion in 2022 and is expected to reach USD 13.1 Billion by 2032, growing at 8.6% CAGR from 2023 to 2032

The increasing prevalence of chronic diseases, including neurological, infectious, cardiovascular, and urological ailments, is expected to be a driving force in the market. According to the World Federation of Neurology, neurological diseases are responsible for 12 out of every 100 patient deaths. Cardiovascular diseases are also contributing to a rise in the number of heart surgeries; with procedures like coronary artery bypass grafting (CABG) being common for unblocking coronary arteries. The growing burden of these diseases has spurred the development of treatments and therapies, consequently leading to an increased demand for hand-held surgical instruments.

Hand-Held Surgical Instruments Market Statistics

• The global hand-held surgical instruments market was accounted USD 5.8 billion in 2022, with a steady expected CAGR of 8.6% from 2023 to 2032
• In 2022, North America took the lead with a handheld surgical instruments market share exceeding 39% in the aerial work platform segment
• Asia-Pacific is primed for robust growth, anticipating a CAGR of over 9% from 2023 to 2032
• Forceps product is the dominant choice in 2022, constituting over 20% of the market
• In terms of end-use, hospitals jointly held a substantial market value of around USD 4 billion in 2022
• A prominent trend in the hand-held surgical instruments market is integration of digital technologies, such as augmented reality and virtual reality

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Hand-Held Surgical Instruments Market Dynamics

The hand-held surgical equipment market is undergoing dynamic adjustments as a result of several variables. Technological advances, such as the incorporation of robots and less invasive surgical methods, are revolutionizing surgical operations and driving up demand for precision tools. Furthermore, the increased frequency of chronic illnesses and an aging population are increasing the need for surgical procedures, supporting market expansion. The COVID-19 pandemic has also pushed the use of telemedicine and remote surgery, emphasizing the significance of dependable and improved hand-held surgical devices. Furthermore, the market is seeing increasing R&D investments, resulting in the launch of novel, specialized instruments that cater to a wide variety of surgical specialties, from orthopedics to neurosurgery. These factors are also responsible for quick expansion of the hand-held surgical equipment market.

Individuals aged 60 and more are at a higher risk for illnesses such as cardiovascular, orthopedic, and neurological infections. As a result, the growing older population is expected to boost demand in portable cautious devices. Furthermore, an increase in the amount of roadway incidents is a significant contributing element.

A large number of procedures are performed all around the world. According to OMICS International Conferences, 2015, over 234 million procedures are conducted each year. This is yet another aspect that will likely drive the industry in the approaching years.

Hand-Held Surgical Instruments Market Segmentation

The global market for hand-held surgical instruments has been categorized into products, application, end-uses, and region

• The deployment segment is split into cannulas, dermatome, dilators, forceps, graspers, retractors, scalpels, trocars, and others
• Application segment includes audiology, cardiology, neurosurgery, ophthalmology, orthopedic surgery, plastic surgery, thoracic surgery, urology & gynecology surgery, wound care, and others
• End-use covers hospitals, clinics, ambulatory surgical centers, and others
• The market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa (MEA)

Hand-Held Surgical Instruments Market Share

The hand-held surgical instruments market forecast suggests that the forceps sub-segment will continue to maintain its market share dominance from 2023 to 2032.

Additionally, the orthopedic surgery is projected to lead the handheld surgical instruments market in the upcoming years. The gynecology and obstetrics segment significantly contributed to revenue growth in 2022 due to an increase in the number of C-sections performed. Some common surgeries involving female reproductive organs include episiotomy and cervical cerclage.

Plastic surgeries are typically performed to reconstruct various parts of the body, such as the face, ears, eyes, nose, and breasts. This is anticipated to drive substantial market growth during the forecast period. Furthermore, with growing disposable income, there is a progressive increase in the number of plastic surgeries performed, which is also expected to bode well for this segment.

In 2023, the hospitals segment was dominated by the end-use sub-segment, and this trend is expected to persist in the coming years.

Hand-Held Surgical Instruments Market Regional Outlook

In 2022, North America dominated the market, driven by the increasing prevalence of chronic diseases, such as cardiovascular illnesses, neurological disorders, cancer, diabetes, and autoimmune diseases. According to the World Bank, in 2015, there were 4,511 surgeries performed for every 100,000 people in the U.S., a factor that contributed to the regional market's growth.

According to the World Health Organization (WHO), the burden of non-communicable diseases is highest in the European region and is expected to continue growing at a high rate in the future. The European Road Safety Observatory Annual Accident Report for 2017 reported over 1,079,720 road injuries in 2015. With a growing number of surgeries, the demand for surgical instruments is increasing in the region.

In Asia Pacific, the growing geriatric population is a central factor driving the market. According to the National Census report of 2015, almost 26.7% of Japan's total population is aged 65 years or older, leading to a high prevalence of chronic diseases in the country.

Hand-Held Surgical Instruments Market Players

Some prominent hand-held surgical instruments companies covered in the industry include Aspen Surgical, B. Braun Melsungen AG, Becton, Dickinson and Company, CooperSurgical Inc., Integra Life Sciences Corporation, Johnson & Johnson, Medtronic, Smith & Nephew, Thompson Surgical Instruments Inc., and Zimmer Biomet Holdings.

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