Surgical Pliers - Market Insights, Competitive Landscape, and Market Forecast - 2030

Surgical Pliers - Market Insights, Competitive Landscape, and Market Forecast - 2030

Surgical Pliers Market By Type (Disposable And Reusable), Design (Straight, Curved, And Others), Application (Clamping And Occluding, Dissecting And Cutting, Holding And Grasping, And Others), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, And Others), and geography is expected to grow at a steady CAGR forecast till 2030 owing to the growing number of surgical procedures across the globe and the technological advancements related to the product

The global surgical pliers market is poised for significant growth, projected to achieve a remarkable Compound Annual Growth Rate (CAGR) of 4.87% during the forecast period from 2024 to 2030. The demand for surgical pliers is primarily being boosted by the growing number of surgical procedures owing to the rising prevalence of chronic diseases and the increasing number of accidents and injuries worldwide. Further, the rising number of surgical centers, growing burden of elderly patients, growing healthcare industry, increasing product launches, and innovation in product development among others, thereby contribute to the overall growth of the surgical pliers market during the forecast period from 2024-2030.

Surgical Pliers Market Dynamics:

The increasing number of surgical procedures globally is anticipated to bolster the market for surgical pliers during the forecasted period. For instance, as per the data provided by OECD 2023, in August 2022, about 94.87 thousand surgeries were performed in Portugal, followed by 49.33 thousand in Denmark, 32.84 thousand in Ireland, and 21.5 thousand in Norway in 2021.

As per the same source, nearly 13,550 coronary artery bypass graft surgery was performed in the United Kingdom, and 45,432 in Turkiye in 2021.

As per National Family Health Survey (NFHS) latest reports, the trend of C-section deliveries in India has been on the rise. It was 8.5 percent in 2005-06, 17.2 percent in 2015-16, and in 2019-21, it increased to 21.5 percent.

The growing number of surgical procedures across the globe is anticipated to fuel the demand for surgical pliers as they are used for cutting, twisting, and crimping wires, removing pins, gripping, and handling tissue, amongst many other functions during hand surgical operations. Thus, the growing number of surgical procedures will propel the overall market of surgical pliers in the upcoming years.

One factor influencing the growth of the surgical plier market is the rising number of hospitals and surgical centers. The number of hospitals and surgical centers in both developed and developing nations is increasing. Many kinds of medical equipment are in high demand in these recently built surgery centers and hospitals due to the expanding patient population. Over the past ten years, developing nations like China and India have made significant progress in their healthcare systems. The All India Institute of Medical Sciences (AIIMS) has nineteen branches operating throughout India as of January 2022, and five more are anticipated to open by 2025. The global surgical plier market is likely to benefit from the large increase in the number of hospitals and surgical centers worldwide, as these are the primary end-users of surgical pliers. Thus, the rise in the number of hospitals and surgical centers will contribute to the growth of the global surgical plier market during the forecast period.

Therefore, the above-mentioned factors will propel the surgical pliers market during the forecast period from 2024-2030.

However, risks related to the use of surgical pliers, the high price of the device, and others may restrict the growth of the overall surgical pliers market.

Surgical Pliers Market Segment Analysis:

Surgical Pliers Market by Type (Disposable and Reusable), Design (Straight, Curved, and Others), Application (Clamping and Occluding, Dissecting and Cutting, Holding and Grasping, and Others), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the type segment of the surgical pliers market, the reusable category is expected to amass a significant revenue share in the year 2023. This can be ascribed to the advantages and applications associated with the segment.

Reusable surgical pliers are medical instruments that can be used multiple times on various patients. To allow for this, they are reprocessed after every use, a process that sterilizes or disinfects them and eliminates all microorganisms.

Further, reusable surgical pliers are much more cost-effective than their disposable counterparts because they are reusable.

The reusable surgical pliers are environmentally friendly since they do not produce waste. They require proper care and maintenance to ensure their longevity and proper functioning. They must be cleaned and sterilized thoroughly after each use to prevent the risk of infection transmission. If not maintained correctly, they may become dull, rusted, or damaged over time, leading to the need for repair or replacement.

Therefore, owing to the above-mentioned factors, the reusable category is expected to register significant growth, thereby driving the growth of the overall surgical pliers market during the forecast period.

North America is expected to dominate the overall Surgical Pliers Market:

Among all the regions, North America is estimated to account for the largest share of the surgical pliers market in the year 2023. Owing to the significance of key growth factors such as the growing incidence of chronic diseases, rising burden of the geriatric population, increasing number of surgical procedures, increasing number of accidents and injuries, a consistent number of strategic collaborations in the region, growing healthcare expenditure, and others, the market for surgical pliers is expected to witness prosperity in the region during the forecast period 2024-2030.

The Personalized Orthopedics of the Palm Beaches in a latest study stated that about 800,000 times annually in the United States alone, and that figure increases every year.

The CIHI in 2023 report stated that in 2021-22 more than 112,558 female patients underwent cesarean section delivery surgery and around 51,599 inpatients underwent knee replacement surgery in Canada.

According to OECD 2023, nearly 3,602 total knee replacement surgeries were performed in Mexico in 2021. Also, in the same year about 980,756 cesarean section surgical procedures were done in Mexico.

Thus, from the above sources, it can be concluded that the increasing number of surgeries in the region will increase the demand for surgical pliers.

Further, the rising prevalence of chronic diseases such as cancer, technological advancements, the expanding number of awareness programs regarding the early diagnosis of diseases, and the high spending on healthcare will facilitate the surgical plier market growth in North America over the forecast period.

Thus, the above-mentioned factors are likely to propel the growth of the surgical pliers market in the region during the forecast period from 2024-2030.

Surgical Pliers Market Key Players:

Some of the key market players operating in the surgical pliers market include Eurotek Surgical Co., Integra LifeSciences, STERIS, Novo Surgical Inc., Sklar Surgical Instruments, Vital Surgical Technologies LLC, Abraham Black Smith, Kapp Surgical GmbH, KALELKER SURGICALS, DTR Medical, and others.

Recent Developmental Activities in the Surgical Pliers Market:

In October 2023, Channellock, Inc. launched its all-new SpeedGrip™ V-Jaw Tongue & Groove Pliers.

Key Takeaways from the Surgical Pliers Market Report Study

Market size analysis for current surgical pliers market size (2023), and market forecast for 6 years (2024-2030)

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global surgical pliers market.

Various opportunities available for the other competitors in the surgical pliers market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current surgical pliers market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for surgical pliers market growth in the coming future?

Target Audience who can be benefited from this Surgical Pliers Market Report Study

Surgical pliers product providers

Research organizations and consulting companies

Surgical Pliers-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in surgical pliers

Various End-users who want to know more about the surgical pliers market and the latest technological developments in the surgical pliers market.

Frequently Asked Questions for the Surgical Pliers Market:

1. What are surgical pliers?

Surgical pliers are used for cutting, twisting, and crimping wires, removing pins, gripping, and handling tissue, amongst many other functions during hand surgical operations. They're also used to stiffen the wires or cut wires in surgical procedures.

2. What is the market for global surgical pliers?

The global surgical pliers market is poised for significant growth, projected to achieve a remarkable Compound Annual Growth Rate (CAGR) of 4.87% during the forecast period from 2024 to 2030.

3. What are the drivers for the global surgical pliers market?

The demand for surgical pliers is primarily being boosted by the increase in the number of medical procedures such as surgeries owing to the growing prevalence of chronic diseases and their risk factors, trauma and others, advancements in technology and design, increasing product launches, and others thereby contributing to the overall growth of the surgical pliers market during the forecast period from 2024-2030.

4. Who are the key players operating in the global surgical pliers market?

Some of the key market players operating in the surgical pliers market include Eurotek Surgical Co., Integra LifeSciences, STERIS, Novo Surgical Inc., Sklar Surgical Instruments, Vital Surgical Technologies LLC, Abraham Black Smith, Kapp Surgical GmbH, KALELKER SURGICALS, DTR Medical, and others.

5. Which region has the highest share in the surgical pliers market?

North America is expected to dominate the overall surgical pliers market during the forecast period from 2024-2030. Owing to factors such as the growing incidence of chronic diseases, rising burden of the geriatric population, increasing number of surgical procedures, increasing number of accidents and injuries, a consistent number of strategic collaborations in the region, growing healthcare expenditure, and unprecedented evolution of the healthcare standards and infrastructure, among others, the North America surgical pliers market is expected to growth in coming years.