Hand-Held Surgical Instrument Market Report: Trends, Forecast and Competitive Analysis to 2030

Hand-Held Surgical Instrument Market Report: Trends, Forecast and Competitive Analysis to 2030

Hand-Held Surgical Instrument Trends and Forecast

The future of the global hand-held surgical instrument market looks promising with opportunities in the hospital, clinic, and ambulatory surgical center markets. The global hand-held surgical instrument market is expected to reach an estimated $9.5 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are escalating incidence of long-term health conditions, including cardiovascular, urological, neurological, and infectious ailments, increasing elderly demographic prone to diseases, and rising number of surgical procedures.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Hand-Held Surgical Instrument by Segment

The study includes a forecast for the global hand-held surgical instrument by product, application, end use industry, and region.

Hand-Held Surgical Instrument Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Forceps
• Retractors
• Dilators
• Graspers
• Scalpels
• Others

Hand-Held Surgical Instrument Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Neurosurgery
• Cardiovascular
• Orthopaedic
• Plastic & Reconstructive Surgery
• Obstetrics & Gynaecology
• Others

Hand-Held Surgical Instrument Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Others

Hand-Held Surgical Instrument Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hand-Held Surgical Instrument Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hand-held surgical instrument companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hand-held surgical instrument companies profiled in this report include-

• Medtronic
• Smith & Nephew
• Zimmer Biomet Holdings
• Johnson & Johnson
• CooperSurgical
• Integra LifeSciences Corporation
• Thompson Surgical

Hand-Held Surgical Instrument Market Insights

Lucintel forecasts that forceps will remain the largest segment over the forecast period because it assists in eliminating the requirement to handle small objects with one's hands and reduces the risk of contamination.

Within this market, hospitals will remain the largest segment over the forecast period due to significant volume of cases and preventive surgical procedures being conducted within these environments, along with presence of comprehensive array of surgical instruments and access to highly skilled professionals.

APAC will remain the highest growing region over the forecast period due to rise in population, high incidence of chronic illnesses, and increased consumer purchasing power in the region.

Features of the Global Hand-Held Surgical Instrument Market

Market Size Estimates: Hand-held surgical instrument market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hand-held surgical instrument market size by product, application, end use industry, and region in terms of value ($B).

Regional Analysis: Hand-held surgical instrument market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, end use industries, and regions for the hand-held surgical instrument market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hand-held surgical instrument market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the hand-held surgical instrument market size?

Answer: The global hand-held surgical instrument market is expected to reach an estimated $9.5 billion by 2030.

Q.2 What is the growth forecast for hand-held surgical instrument market?

Answer: The global hand-held surgical instrument market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the hand-held surgical instrument market?

Answer: The major drivers for this market are escalating incidence of long-term health conditions, including cardiovascular, urological, neurological, and infectious ailments, increasing elderly demographic prone to diseases, and rising number of surgical procedures.

Q4. What are the major segments for hand-held surgical instrument market?

Answer: The future of the hand-held surgical instrument market looks promising with opportunities in the hospital, clinic, and ambulatory surgical center markets.

Q5. Who are the key hand-held surgical instrument market companies?

Answer: Some of the key hand-held surgical instrument companies are as follows:

• Medtronic
• Smith & Nephew
• Zimmer Biomet Holdings
• Johnson & Johnson
• CooperSurgical
• Integra LifeSciences Corporation
• Thompson Surgical

Q6. Which hand-held surgical instrument market segment will be the largest in future?

Answer: Lucintel forecasts that forceps will remain the largest segment over the forecast period because it assists in eliminating the requirement to handle small objects with one's hands and reduces the risk of contamination.

Q7. In hand-held surgical instrument market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the highest growing region over the forecast period due to rise in population, high incidence of chronic illnesses, and increased consumer purchasing power in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the hand-held surgical instrument market by product (forceps, retractors, dilators, graspers, scalpels, and others), application (neurosurgery, cardiovascular, orthopaedic, plastic & reconstructive surgery, obstetrics & gynaecology, and others), end use industry (hospitals, clinics, ambulatory surgical centres, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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