How Will The Handheld Surgical Devices And Equipment Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s handheld surgical devices and equipment market report forecasts the handheld surgical devices and equipment market size to grow to $8.18 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
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Handheld Surgical Devices And Equipment Market Size Forecast
The global handheld surgical devices and equipment market is expected to grow from $6.07 billion in 2022 to $6.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The handheld surgical devices and equipment market size is expected to grow to $8.18 billion in 2027 at a CAGR of 5.6%.
North America held the largest handheld surgical devices and equipment market share.
Key Handheld Surgical Devices And Equipment Market Driver – Increase In Demand For Aesthetic Surgeries
According to the ASPS data 2021, more than 15.5 million cosmetics procedures were performed in 2020 alone. Rhinoplasty (a nose job) was the top cosmetic surgery in 2020, with more than 352,000 surgeries performed.
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Key Handheld Surgical Devices And Equipment Market Trend – Technological Advancement
The use of handheld devices and equipment in minimally invasive surgeries is increasing. The low cost of handheld instruments compared to robotic systems is the major factor for the increasing use of these devices in most surgical settings. Technical advancements in handheld surgical instruments are increasingly adopted by surgeons due to the improvement in the ease of use of these instruments.
Handheld Surgical Devices And Equipment Market Segment
1) By Product: Scalpels, Forceps, Retractor, Dilators, Graspers, Other Products
2) By End-User: Hospitals, Specialized Clinics, Long-Term Care Centers, Ambulatory Surgery Centers, Other End Users
3) By Application, Neurosurgery, Cardiovascular, Orthopedic, Plastic & Reconstructive Surgery, Obstetrics & Gynecology, Other Applications
Handheld Surgical Devices And Equipment Market Major Players and Strategies
Major players in the handheld surgical devices and equipment market are B. Braun Melsungen AG, Medtronic, Smith & Nephew, Johnson & Johnson Services Inc., Integra Life Sciences Corporation, Zimmer Biomet, CooperSurgical Inc., Becton, Dickinson and Company, and Moria.
In October 2022, Aspen Surgical Products, a portfolio company of US-based Audax Private Equity, acquired Symmetry Surgical for an undisclosed amount. The acquisition would augment Aspen’s portfolio with additional brands and diversify its portfolio. Symmetry Surgical is a US-based manufacturer of surgical instrumentation.
The Handheld Surgical Devices And Equipment Global Market Report 2023 covers regional data on handheld surgical devices and equipment market size, handheld surgical devices and equipment market trends and drivers, opportunities, strategies, and handheld surgical devices and equipment market competitor analysis. The countries covered in the handheld surgical devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Hand-held surgical devices and equipment are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures.
View More Reports Related To The Handheld Surgical Devices And Equipment Market –
Minimal Invasive Surgery Devices Global Market Report 2023
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