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Top Factor Driving Surgical Hooks Market Growth in 2025: Increasing Demand For Minimally Invasive Surgeries Drives Surgical Hooks Market Growth
Surgical Hooks Market Research
In recent times, there's been a swift expansion in the market size of surgical hooks. The market is forecasted to rise from $0.86 billion in 2024 to $0.96 billion in 2025, representing a compound annual growth rate (CAGR) of 11.3%. The historical growth in this sector can be credited to factors such as an increase in rates of obesity, a growing aging population, an escalating demand for minimally invasive surgeries, a surge in healthcare spending, and a rising preference for outpatient surgeries.
The market size for surgical hooks is projected to experience a swift expansion in the coming years, with an estimated worth of $1.45 billion in 2029 and a compound annual growth rate (CAGR) of 11.0%. This growth during the prediction period is credited to a surge in the need for surgeries due to a rise in chronic diseases, increasing use of minimally invasive surgeries, a growing demand for surgical hooks, and developments in robotic surgery. Key trends for this forecast period comprise advances in technology, the incorporation of smart technologies, improvements in surgical hook materials, growth in emerging markets, as well as a priority on precision and ergonomics.
What Are the Primary Growth Drivers for the Surgical Hooks Market?
The surgical hooks market is projected to expand due to escalating growth in minimally invasive surgical operations. This growth can be attributed to medical technology advancements that have contributed to the creation of more advanced and accurate surgical devices. Surgical hooks play a crucial role in minimally invasive procedures, delivering precise tissue retraction, and maneuver manipulation, thus enabling surgical procedures through smaller incisions. To exemplify, in 2024, the American Society of Plastic Surgeons reported that Neuromodulator injections were the most frequently performed minimally invasive procedure in 2023. Neuromodulator injections performed in the US during 2022 numbered 8,694,000, followed by a 9% rise in 2023, culminating in 9,480,949 surgeries. Therefore, the escalating rate of minimally invasive surgeries is fueling the surgical hooks market's growth.
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Who Are the Dominant Companies Influencing Surgical Hooks Market Trends?
Major companies operating in the surgical hooks market are Johnson & Johnson, Medtronic plc, Becton, Dickinson and Company, Medline Industries Inc., B. Braun Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, CooperSurgical Inc., Arthrex GmbH, Integra LifeSciences Holdings Corporation, KLS Martin SE & Co., AtriCure Inc, Titan Medical Inc., Hu-Friedy Manufacturing Company LLC, Aspen Surgical Products Inc., MORIA SA, Sklar Surgical Instruments, Pelican Feminine Healthcare Ltd., Thompson Surgical Instruments Inc., BOSS Instruments Ltd., Timesco Healthcare Ltd, TeDan Surgical Innovations, Inami & Co. Ltd., Aygun Surgical Instruments, Eastern Surgical Company
How Is the Surgical Hooks Market Evolving?
Leading firms present in the surgical hooks industry are focusing on strategic investments to improve their product offerings, increase production capacities, and spur innovation. The clever investment strategies enable these corporations to satisfy the rising demand for state-of-the-art surgical tools and stay competitive in the market. For instance, Surgical Instruments Group Holdings Ltd., a medical device manufacturer based in the UK, announced in January 2024 its intention to establish a health care device production facility in Hyderabad, investing Rs.231.5 crore ($27.7 million). During phase 1, the company will manufacture general surgical tools, precision instruments for microsurgeries, orthopedic power instruments, dermatomes for maxo surgery, eye surgery tools, and devices for minimally invasive surgeries. Phase 2 will see an expansion into the production of robotic medical devices.
What Are the Different Segmentations in the Surgical Hooks Market?
The surgical hooks market covered in this report is segmented -
1) By Type: Titanium Alloy, Stainless Steel, Plastic
2) By Category: Reusable, Disposable
3) By Application: Hospital, Clinic, Other Applications
Subsegments:
1) By Titanium Alloy: Standard Titanium Alloy Surgical Hooks, Coated Titanium Alloy Hooks (Anti-Corrosive Coating), Custom-Shaped Titanium Alloy Hooks
2) By Stainless Steel: Surgical Stainless Steel Hooks, Corrosion-Resistant Stainless Steel Hooks, Disposable Stainless Steel Hooks
3) By Plastic: High-Strength Plastic Surgical Hooks, Disposable Plastic Hooks, Biodegradable Plastic Hooks
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Which Region Is at the Forefront of the Surgical Hooks Market?
North America was the largest region in the surgical hooks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical hooks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Surgical Hooks Global Market Report?
- Market Size Analysis: Analyze the Surgical Hooks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Surgical Hooks Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Surgical Hooks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surgical Hooks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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