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Examining the Projected Growth of the Hand-Held Surgical Instruments Market: Anticipated Reaching $7.69 Billion with a CAGR of 6.5% During the Forecast Period 2023-2032 || Johnson & Johnson, B Braun Melsungen AG, Medtronic, Zimmer Biomet Holdings
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Hand-Held Surgical Instruments Global Market Report 2023, an increase in the geriatric population is the major driver for the hand-held surgical instruments market's growth in the forecast period. The geriatric population consists of adults 65 years of age or older. Geriatric individuals are more prone to falling ill and catching a severe disease that needs proper treatment and surgical intervention. Surgical instruments are used in surgeries and for carrying out treatment for various diseases. For instance, according to a report by the United Nations on World Population Ageing 2019, 703 million people worldwide were 65 or older in 2019, and the elderly population growth is predicted to double by 2050, reaching 1.5 billion. Therefore, the increasing geriatric population is expected to boost demand for hand-held surgical instruments during the forecast period.
The global hand-held surgical instruments market size is expected to grow from $5.50 billion in 2021 to $5.96 billion in 2022 at a compound annual growth rate (CAGR) of 8.42%. The global hand-held surgical instruments market size is expected to reach $7.69 billion in 2026 at a CAGR of 6.56%.
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Major competitors in the hand-held surgical instruments market are Johnson & Johnson, B Braun Melsungen AG, Medtronic, Zimmer Biomet Holdings, KLS MARTIN GROUP, Integra LifeSciences Corporation, Smith & Nephew, Aspen Surgical, CooperSurgical Inc, Thompson Surgical Instruments Inc.
A key trend in the hand-held surgical instruments market includes technological advancement. Major players in the hand-held surgical instruments market are developing smart surgical instruments to meet healthcare demands and strengthen their market position. Smart surgical instruments are user-friendly, advanced tools that save time and money. For instance, in November 2021, OrthAlign, a US-based medical equipment manufacturer, launched a new, hand-held smart surgical instrument called Lantern for full and partial knee replacements.
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The hand-held surgical instruments market is segmented -
• By Product: Forceps, Retractors, Dilators, Graspers, Scalpels, Others
• By Application: Neurosurgery, Cardiovascular, Orthopedic, Plastic and Reconstructive Surgery, Obstetrics and Gynecology, Others
• By End User: Clinics, Ambulatory Surgical Centers, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hand-held surgical instruments market
The Business Research Company's "Global Hand-Held Surgical Instruments Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hand-Held Surgical Instruments Market Include:
1. Executive Summary
2. Hand-Held Surgical Instruments Market Characteristics
3. Hand-Held Surgical Instruments Market Trends And Strategies
4. Hand-Held Surgical Instruments Market - Macro Economic Scenario
5. Hand-Held Surgical Instruments Market Size And Growth
……………
27. Hand-Held Surgical Instruments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hand-Held Surgical Instruments Market
29. Hand-Held Surgical Instruments Market Future Outlook And Potential Analysis
30. Appendix
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