The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Hand-Held Surgical Instruments Global Market Report 2023, The global hand-held surgical instruments market is expected to grow from $5.50 billion in 2021 to $5.96 billion in 2022 at a compound annual growth rate (CAGR) of 8.42%. The global hand-held surgical instruments market size is expected to reach $7.69 billion in 2026 at a CAGR of 6.56%.

What was the major driver in the hand-held surgical instruments market?
The hand-held surgical instruments market is being driven by an increase in the elderly population. Adults 65 and older constitute the geriatric population. Geriatric people are more likely to become unwell and contract a serious disease that necessitates proper treatment and surgical intervention. Surgical instruments are used in operations and to treat a variety of ailments. According to a United Nations report on World Population Ageing 2019, 703 million individuals worldwide were 65 or older in 2019, and the senior population is expected to quadruple by 2050, reaching 1.5 billion. As a result, the growing geriatric population is predicted to increase demand for hand-held surgical equipment over the forecast period.

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What was the key trend in the hand-held surgical instruments market?
Technological innovation is a key trend that is gaining traction in the market for hand-held surgical equipment. To address healthcare demands and expand their market position, major players in the hand-held surgical instruments market are creating smart surgical instruments. Smart surgical instruments are modern, user-friendly gadgets that save time and money. For example, OrthAlign, a US-based medical equipment manufacturer, will unveil Lantern, a new hand-held smart surgical device for full and partial knee replacements, in November 2021. The technology provides optimised workflows to reduce operating room wait times and enable many operating rooms at the same time without the investment in hardware or pre-operative imaging required by other computer-assisted surgical systems.

Which was the largest region in the hand-held surgical instruments market?
North America was the largest region in the hand-held surgical instruments market in 2021. Asia-Pacific is expected to be the fastest-growing region in the hand-held surgical instruments market forecast period. The regions covered in the global hand-held surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the hand-held surgical instruments market prominent players?
Major players in the hand-held surgical instruments market are Johnson & Johnson, B Braun Melsungen AG, Medtronic, Zimmer Biomet Holdings, KLS MARTIN GROUP, Integra LifeSciences Corporation, Smith & Nephew, Aspen Surgical, CooperSurgical Inc, Thompson Surgical Instruments Inc, Becton Dickinson and Company, Swann-Morton Ltd, Peters Surgical, Huaiyin Medical Instruments Co Ltd, and CONMED Corporation.

Key hand-held surgical instruments market segments
The global hand-held surgical instruments market is segmented –
1) By Product: Forceps, Retractors, Dilators, Graspers, Scalpels, Others
2) By Application: Neurosurgery, Cardiovascular, Orthopedic, Plastic and Reconstructive Surgery, Obstetrics and Gynecology, Others
3) By End User: Clinics, Ambulatory Surgical Centers, Others

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The Hand-Held Surgical Instruments Global Market Report 2023  provides a comprehensive overview on the hand-held surgical instruments market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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