About Hand-held Surgical Instruments
The global hand-held surgical instruments market is expected to grow in the future due to technological advancements in the instrument and innovation in the existing product. Compact designs, portable devices, and availability of suction mode are expected to create a positive impact on the overall hand-held surgical instruments market. R&D in the field of hand-held surgical instruments is anticipated to create new opportunities during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hand-held Surgical Instruments market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun Melsungen AG (Germany), Integra LifeSciences Corporation (United States), Medtronic plc (Ireland), Smith & Nephew plc (United States), Zimmer Biomet Holdings Inc. (United States), Johnson & Johnson (United States), Becton, Dickinson and Company (United States), The Cooper Companies Inc. (United States), Thompson Surgical Instruments (United States) and Aspen Surgical (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Symmetry Surgical, Inc. (United States), KLS Martin Group (United States) and OrthAlign (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hand-held Surgical Instruments market by Type (Scalpels, Forceps, Retractor, Dilators, Graspers and Others), Application (Neurosurgery, Cardiovascular, Orthopedic, Plastic & Reconstructive Surgery, Gynaecology & Obstetrics and Others) and Region.
On the basis of geography, the market of Hand-held Surgical Instruments 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). If we see Market by Power Source, the sub-segment i.e. Electric-powered will boost the Hand-held Surgical Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Private Hospitals will boost the Hand-held Surgical Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Hand-Held Surgical Instruments and Rising R&D to Introduce Advanced Products
Market Growth Drivers:
Rising Prevalence of Chronic Diseases and High Number of Surgical Procedures
Challenges:
Uncertain Regulatory Framework in the Medical Device Industry
Restraints:
Stringent Government Regulations related to Hand-held Surgical Instrument
Opportunities:
Various Growth Opportunities from Emerging Economies and Increasing Government Initiatives Towards Healthcare Industry
Market Leaders and their expansionary development strategies
In July 2021 Symmetry Surgical, Inc. had announced the acquisition of The O.R. Company. Symmetry's existing instrumentation portfolio is supplemented by the acquisition, which expands its minimally invasive surgical instrument offering with products that have high clinical acceptance and strong market price positions. Symmetry strengthens its commitment to deliver best-in-class products and cost-effective solutions that have a meaningful impact on patient care, specifically in laparoscopy and gynaecological procedures, by integrating The O.R. Company portfolio of market-leading devices and technologies into the Symmetry family of trusted brands.
In November 2021 OrthAlign had annunced the launch of handheld smart surgical tool for knee replacement surgery. Lantern provides any patient with a precise and individualised alignment using a single-use, handheld smart instrument. The new intelligent instrument was created by the corporation to be used with various implant platforms and surgical philosophies. The technology is optimised for the ambulatory surgery centre with just one instrument tray and one navigation device for all applications (ASC). In the fourth quarter of last year, OrthAlign received 510(k) clearance from the US Food and Drug Administration (FDA) for Lantern.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hand-held Surgical Instruments Manufacturer, Hand-held Surgical Instruments Suppliers/Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.