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Leading Element Driving Change in the Surgical Hooks Market in 2025: Increasing Demand For Minimally Invasive Surgeries Drives Surgical Hooks Market Growth Driver
Surgical Hooks Market
The increasing number of minimally invasive surgical procedures is expected to propel the growth of the surgical hooks market. This rise is driven by advances in medical technology that have led to the development of more precise surgical instruments. Surgical hooks are key in minimally invasive procedures by providing accurate tissue retraction and manipulation, which allows surgeons to perform operations through smaller incisions. For example, in June 2024, the American Society of Plastic Surgeons reported that 9,480,949 neuromodulator injection surgeries were performed in the United States in 2023, a 9% increase from the previous year, highlighting the growing trend of minimally invasive procedures and the corresponding rise in the surgical hooks market.
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What is the future CAGR of the surgical hooks market, and how will it impact industry expansion?
The surgical hooks market has seen rapid growth and will increase from $0.86 billion in 2024 to $0.96 billion in 2025, at a CAGR of 11.3%. Contributing factors include the rising obesity rates, an aging population, increasing demand for minimally invasive surgeries, higher healthcare spending, and the adoption of outpatient surgeries.
The surgical hooks market is expected to expand to $1.45 billion by 2029, with a CAGR of 11.0%. The growth is attributed to increasing surgery demand, the rise in chronic diseases, the growing popularity of minimally invasive surgeries, and advancements in robotic surgery. Trends include technological innovations, smart technology integration, improved materials, market growth in emerging economies, and a focus on precision and ergonomics.
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What are the most significant trends transforming the surgical hooks market today?
Companies in the surgical hooks market are making strategic investments to expand their product portfolios and drive innovation. These investments are aimed at meeting growing demand for advanced surgical instruments. For example, in January 2024, Surgical Instruments Group Holdings Ltd., a UK-based company, announced plans to build a manufacturing facility in Hyderabad, India, with a Rs.231.5 crore ($27.7 million) investment. The facility will produce various surgical instruments and expand into robotic medical devices.
Which key market segments comprise the surgical hooks market and drive its revenue growth?
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 regions are key players in the growth 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.
Who are the leading players fueling growth in the surgical hooks market?
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
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What Is Covered In The Surgical Hooks Global Market Report?
•Market Size Forecast: Examine the surgical hooks market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the surgical hooks market for a structured understanding.
•Key Players Overview: Analyze major players in the surgical hooks market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the surgical hooks market.
•Segment Contributions: Evaluate how different segments drive overall growth in the surgical hooks market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the surgical hooks market.
•Industry Challenges: Identify potential risks and obstacles affecting the surgical hooks market.
•Competitive Landscape: Review strategic developments in the surgical hooks market, including expansions, agreements, and new product launches.
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