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Global Handheld Surgical Devices And Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | B. Braun Melsungen AG, Medtronic plc, Smith & Nephew, Johnson & Johnson Services Inc
Handheld Surgical Devices And Equipment Market Trends
The Business Research Company offers in-depth market insights through Handheld Surgical Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The handheld surgical devices and equipment market size has grown strongly in recent years. It will grow from $6.8 billion in 2023 to $7.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, minimally invasive surgery (mis), healthcare infrastructure, regulatory compliance.
The handheld surgical devices and equipment market size is expected to see strong growth in the next few years. It will grow to $9.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to telemedicine and remote surgery, emerging markets growth, robotics and automation, personalized medicine. Major trends in the forecast period include miniaturization and portability, smart and connected devices, sustainable and eco-friendly materials, augmented reality (ar) and virtual reality (vr).
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Market Segmentation:
The main products of handheld surgical devices are scalpels, forceps, retractors, dilators, graspers, and others. The forceps are handheld instruments used for holding objects. The various applications involved are neurosurgery, cardiovascular, orthopedic, plastic, and reconstructive surgery, obstetrics and gynecology, and others that are used by various end-users such as hospitals, specialized clinics, long-term care centers, ambulatory surgery centers, and others.
Major Driver - Rising Aesthetic Surgery Demand Fuels Growth In The Handheld Surgical Device Market
Increasing demand for aesthetic surgeries drives the handheld surgical devices and equipment market. The demand for aesthetic surgeries can be attributed to an increase in per capita disposable income. According to the ASPS data 2022, around 1.5 million cosmetic procedures were performed in 2022 alone. Liposuction was the top cosmetic surgery in 2022, with a staggering 325,669 surgeries performed.
Competitive Landscape:
Major companies operating in the handheld surgical devices and equipment market include B. Braun Melsungen AG, Medtronic plc, Smith & Nephew, Johnson & Johnson Services Inc., Integra LifeSciences Corporation, Zimmer Biomet, CooperSurgical Inc., Becton Dickinson and Company, Moria, Pelion Surgical, Elite Medical, Millennium Surgical, Gsource LLC, Medicon eG, Sklar Corporation, Ethicon US LLC., Erbe Elektromedizin GmbH, CONMED Corporation, Synergetics USA Inc., Stryker Corporation, Karl Storz SE & Co. KG, KLS Martin, Grena Ltd., Maxer Endoscopy GmbH, GPC Medical Ltd., Teleflex Incorporated, Cook Medical LLC, Richard Wolf GmbH, Microline Surgical Inc., Applied Medical Resources Corporation, Olympus Corporation, Boston Scientific Corporation, Wexler Surgical Inc., Surgmed Group
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Top Trend - FDA Classification Of Medical Devices Hand-Held Surgical Devices As Class I Devices
Medical devices are classified as Class I, Class II, and Class III devices by FDA based on their risks and the regulatory controls necessary to provide a reasonable assurance of safety and effectiveness. Hand-held surgical devices are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures. Hand-held surgical devices are categorized as Class I medical devices. Class I devices generally have the lowest risk to the patient and/or user. These devices are exempted from the premarket notification procedures 510(k).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Handheld Surgical Devices And Equipment Market Characteristics
3. Handheld Surgical Devices And Equipment Market Trends And Strategies
4. Handheld Surgical Devices And Equipment Market - Macro Economic Scenario
5. Handheld Surgical Devices And Equipment Market Size And Growth
…..
27. Handheld Surgical Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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