Future Outlook of the Global Hand-Held Surgical Instruments Market 2024-2033: Size and Growth Rate Predictions
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What is the Expected Growth Rate of the Hand-Held Surgical Instruments Global Market Report 2024 Market from 2024 to 2033?
The hand-held surgical instruments market has seen significant growth in recent years. It is projected to increase from $6.59 billion in 2023 to $7.2 billion in 2024, at a CAGR of 9.1%. The growth is linked to advancements in minimally invasive surgery, an aging population, the expansion of healthcare infrastructure, a rise in chronic diseases, and regulatory compliance.
The hand-held surgical instruments market is expected to expand to $10.55 billion by 2028, growing at a CAGR of 10.0%. This growth is attributed to advances in personalized medicine, telemedicine, rising healthcare spending, and surgical skill development. Major trends include integration of surgical robotics, eco-friendly solutions, advanced materials, and smart connected instruments.
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What Key Factors Are Fueling the Growth of the Hand-Held Surgical Instruments Global Market Report 2024 Market?
The hand-held surgical instruments market is driven by the increase in the geriatric population. With a global projection of 2.1 billion elderly individuals by 2050, surgical interventions become more prevalent. The aging population, more susceptible to illnesses, necessitates surgical treatment, fueling the demand for hand-held surgical instruments.
What Are the Major Segments of the Hand-Held Surgical Instruments Global Market Report 2024 Market?
1) By Product: Forceps, Retractors, Dilators, Graspers, Scalpels, Other Products
2) By Application: Neurosurgery, Cardiovascular, Orthopedic, Plastic And Reconstructive Surgery, Obstetrics And Gynecology, Other Applications
3) By End User: Clinics, Ambulatory Surgical Centers, Other End Users
What New Trends Are Transforming the Hand-Held Surgical Instruments Global Market Report 2024 Market?
Technological advancements drive the hand-held surgical instruments market, with major players adopting smart surgical instruments for various medical procedures. These user-friendly and advanced tools streamline workflows, saving both time and money. For instance, in November 2021, OrthAlign, a US-based medical equipment manufacturer, launched Lantern, a new hand-held smart surgical instrument designed for full and partial knee replacements. This solution reduces operating room wait times and supports multiple operating rooms simultaneously without the need for additional hardware or pre-operative imaging.
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Which Regions Are Driving Growth in the Hand-Held Surgical Instruments Global Market Report 2024 Market?
North America was the largest region in the hand-held surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand-held surgical instruments market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Hand-Held Surgical Instruments Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the hand-held surgical instruments global market report 2024 market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Hand-Held Surgical Instruments Global Market Report 2024 Market Include
1. Hand-Held Surgical Instruments Global Market Report 2024 Market Executive Summary
2. Hand-Held Surgical Instruments Global Market Report 2024 Market Segments
3. Hand-Held Surgical Instruments Global Market Report 2024 Market Size And Template Market Growth Rate
4. Key Hand-Held Surgical Instruments Global Market Report 2024 Market Trends
5. Major Hand-Held Surgical Instruments Global Market Report 2024 Market Drivers
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25. Key Mergers And Acquisitions In The Hand-Held Surgical Instruments Global Market Report 2024 Market
26. Top Hand-Held Surgical Instruments Global Market Report 2024 Companies
27. Hand-Held Surgical Instruments Global Market Report 2024 Market Opportunities And Strategies
28. Hand-Held Surgical Instruments Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix
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