Micro Forceps Market Scope
Micro Forceps is a device used to hold delicate tissues or vasculature. The device has a small tip of 0.25 mm thick and is designed in such a way that maximum grip is controlled in confined spaces and delicate surgeries. The micro forceps may rise in the forecasted period owing to the rise in incidence of chronic diseases and rise in health care expenditure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | B Braun (Germany), BD (United States), MicroSurgical Technology (United States), Antibe Therapeutics (Canada), Strong Vision Technology (United States), Action Medical (United Kingdom), Medicon (Japan), KLS Martin Group (Germany), US Endoscopy (United States), Geuder Group (Germany), Symmetry Surgical (United States), Antibe Therapeutics Inc. (Canada), TAKAYAMA Instrument (Japan), Synovis Micro Companies (United States), Mercian Surgical Supply Co Ltd. (United Kingdom), Wexler Surgical (United States) and Labtician Ophthalmics (Canada) |
CAGR | 4.8% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Micro Forceps market throughout the predicted period.
B Braun (Germany), BD (United States), MicroSurgical Technology (United States), Antibe Therapeutics (Canada), Strong Vision Technology (United States), Action Medical (United Kingdom), Medicon (Japan), KLS Martin Group (Germany), US Endoscopy (United States), Geuder Group (Germany), Symmetry Surgical (United States), Antibe Therapeutics Inc. (Canada), TAKAYAMA Instrument (Japan), Synovis Micro Companies (United States), Mercian Surgical Supply Co Ltd. (United Kingdom), Wexler Surgical (United States) and Labtician Ophthalmics (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ningbo Cheng-He (China), Cardio Care Clinic (India), Faulhaber Pinzetten (Germany) and OPHMED (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro Forceps market by Type , by Application (Ophthalmology, Cardiovascular, Neurovascular, Gastrointestinal, Obstetrics and gynecology, Urology, Oncology, ENT, Reconstructive surgery and Other) and Region with country level break-up.
On the basis of geography, the market of Micro Forceps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In February 2019, Intutive Surgical, Inc. a global technology leader that develops, manufactures and market robotic products designed to improve clinical outcomes. The U.S. Food and Drug Administration (FDA) announced the Ion endoluminal system to enable minimally invasive biopsy in the peripheral lung. The Ion system's flexible biopsy needle (called the Flexision Biopsy Needle) can also pass through very tight bends via Ion's catheter to collect tissue in the peripheral lung. The catheter 2mm working channel accommodate other biopsy tools, such as biopsy forceps or cytology brushes, if necessary.
According to the U.S. Food and Drug Administration (FDA) -“ The surgical instrument for general use is a nonpowered, hand-held, or hand-manipulated device, either reusable or disposable, intended to be used in various general surgical procedures. The device includes the applicator, clip applier, biopsy brush, manual dermabrasion brush, scrub brush, cannula, ligature carrier, chisel, clamp, contractor, curette, cutter, dissector, elevator, skin graft expander, file, forceps, gouge, instrument guide, needle guide and others.”
Influencing Trend:
Technology Advancement in Micro Instrument
Market Growth Drivers:
Rise in Number of Surgeries Among the Ageing Population and Increasing Prevalence of Lifestyle Disorder, Growing Demand For Minimal Invasive Surgical Procedure and Increasing Incidence of Chronic Disease
Challenges:
Dearth of Skilled Surgeons and Intraoperative Issues By Surgeons and Changing Decision Making Power and Cost-Benefit Analysis
Restraints:
Stringent Safety Regulation Related to Micro Forceps and Growing Adoption of Surgical Procedure
Opportunities:
Emerging Markets Offer Lucrative Growth Opportunities
Key Target Audience
Micro Forceps Manufacturer, Micro Forceps Distributor, Hospitals, Research And Consulting Firms, Venture Capitalists, Regulatory Bodies, Academic Centers, Teaching Hospitals And Academic Medical Centers (Amcs), Contract Research Organizations (Cros) and Others