Forceps And Spatulas Global Market Set for Strong Growth $2.62 Billion by 2028 | Merck KGaA, KLS Martin Group, Aesculap Inc., Teleflex Medical OEM, Symmetry Surgical Inc.

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According to The Business Research Company's, the forceps and spatulas market size has grown strongly in recent years. It will grow from $1.80 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rising healthcare expenditure, expansion of healthcare facilities, healthcare infrastructure development, emphasis on designing forceps and spatulas with ergonomic handles and improved usability, and shift towards value-based healthcare models.

The forceps and spatulas market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to a shift towards minimally invasive procedures, demand for specialty surgical instruments, growth in regenerative medicine and tissue engineering techniques, increasing focus on patient-centered care and personalized medicine, and increasing adoption of medical device reprocessing services. Major trends in the forecast period include advancements in disposable technology, integration of smart technologies and connectivity features, growth in robotic-assisted surgery and robotic platforms, healthcare digitization and data analytics, and expansion of veterinary surgical procedures.

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Market Drivers and Trends:

The increasing number of surgical procedures is expected to propel the growth of the forceps and spatulas market going forward. Surgical procedures involve medical interventions that aim to treat or diagnose conditions by physically altering body tissues or organs. The increasing number of surgical procedures is due to advancements in medical technology, an aging population requiring more interventions, a growing prevalence of chronic diseases, and rising patient expectations for improved quality of life post-treatment. Forceps and spatulas are used in surgical procedures to aid in tissue manipulation, extraction, and substance handling. Surgeons rely on forceps for precise tissue grasping and manipulation, while spatulas are essential for spreading, mixing, and applying substances during surgical interventions, highlighting their integral role in enhancing surgical precision and patient outcomes. For instance, in September 2023, according to the American Society of Plastic Surgeons, a US-based non-governmental organization, the number of non-invasive fat reduction procedures was 682,932 in 2022, which accounts for a 77% rise post-pandemic. Therefore, the increasing number of surgical procedures is driving the growth of the forceps and spatulas market.

Major companies operating in the forceps and spatulas market are focusing on developing products with advanced technology, such as microsurgery technology, to gain a competitive edge in the market. Microsurgery technology involves highly specialized instruments and techniques to perform intricate surgical procedures on tiny structures, often using microscopes and precision tools. It enables surgeons to operate on delicate tissues and structures such as nerves, blood vessels, and small tumors with high precision and minimal damage to surrounding tissues. For instance, in November 2023, Surtex Instruments Limited, a UK-based medical instruments manufacturer, launched its Infinex series for microsurgery instruments crafted to empower surgeons with unprecedented control and precision, even in the most complex surgical scenarios. The Infinex series marks a significant advancement in microsurgery technology, focusing on exceptional precision to enhance surgical outcomes, minimize patient trauma, and expedite recovery times. This series features meticulously crafted micro scissors, forceps, and needle holders that embody Surtex's dedication to flawless performance and superior patient results.

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Major Key Players of the Market:

Thermo Fisher Scientific Inc., Paramount Industries, Merck KGaA, Stryker Corporation, B. Braun Melsungen AG, VWR International LLC., Integra LifeSciences Corporation, KLS Martin Group, Aesculap Inc., Teleflex Medical OEM, Symmetry Surgical Inc., Sklar Surgical Instruments, Bharat Surgical Co., Boss Instruments Ltd., Uteshiya Medicare, Jay Shakti Industries, Stingray Surgical Products LLC, Surtex Instruments Ltd., Sontec Instruments Inc., GSource LLC, Roboz Surgical Instrument Co, Kumpulan Saintifik, Hebson, Stille AB

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