Future Outlook of the Hand-Held Surgical Instruments Market: Growth, Trends, and Emerging Opportunities Explored
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What is the Expected Growth Rate of the Hand-Held Surgical Instruments Market Based on Industry Projections?
In recent years, the market size for hand-held surgical instruments has seen substantial growth. It is projected to rise from $7.01 billion in 2024 to approximately $7.6 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.4%. This significant growth during the historical period has been driven by advancements in minimally invasive surgery, the increasing elderly population, development of healthcare infrastructure, rising prevalence of chronic diseases, and strict regulatory compliance.
The market size of hand-held surgical instruments is projected to experience swift expansion in the upcoming years, reaching $11.69 billion in 2029, with a compound annual growth rate (CAGR) of 11.4%. The growth during the forecast period can be linked to factors like personalized medicine, telemedicine and remote surgery, increase in healthcare expenditure, emergence of new healthcare markets, and advancements in surgical training and skill development. Key trends predicted for the forecast period include the integration of surgical robotics, the adoption of eco-friendly and sustainable solutions, the application of advanced materials and coatings, telemedicine and remote surgery, and the use of smart and connected instruments.
Which Major Market Drivers Are Expected to Boost the hand-held surgical instruments Market’s Growth Potential?
The hand-held surgical instruments market is being fueled by a rise in the elderly population. The group of people aged 65 and above is referred to as the geriatric population. Such individuals have a higher risk of falling sick or contracting serious diseases necessitating thorough medical care and surgical procedures. Surgical instruments play a crucial role in treating various diseases and conducting surgeries. For example, as per the World Health Organization, a US-based health agency, 1 in 6 individuals globally will be aged 60 or older by 2030 with the number expected to reach 2.1 billion by 2050. Therefore, the escalating number of elderly people will bolster the demand for hand-held surgical instruments in the market.
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What Are the Key Firms That Are Driving Transformation in the Hand-Held Surgical Instruments Market?
Major companies operating in the hand-held surgical instruments market include:
• Johnson & Johnson_x000D_
• B. Braun Melsungen AG_x000D_
• Medtronic plc_x000D_
• Zimmer Biomet Holdings Inc._x000D_
• KLS Martin Group_x000D_
What Current Trends in the Hand-Held Surgical Instruments Market Should Industry Players Pay Attention To?
Leading businesses in the handheld surgical devices and equipment market are channeling their efforts into developing revolutionary solutions such as knee arthroplasty handheld technology to cater to the increasing need for less invasive procedures. Knee arthroplasty handheld technology includes cutting-edge surgical instruments specifically tailored for knee replacement surgeries, providing surgeons with the ability to accurately and efficiently position implants. The advanced features of these devices, like real-time imaging and ergonomic style, enhance precision, cut down surgery time, and aid in faster recovery. In the case of Orthalign, a medical equipment production company based in the United States, they introduced Lantern in May 2024. This technology delivers accurate, personalized alignment for knee replacement operations, taking into account each patient’s unique anatomical requirements, a crucial aspect for obtaining the best surgical results. Its one-time usage design reinforces sterility and diminishes cross-contamination risks in the surgery room. The handheld technology makes surgical workflows easier, promising effortless handling and easy integration into current surgical procedures. It also has capabilities for gap balancing and revision knee operations, catering to a broader set of surgical needs beyond regular replacements. Designed specifically for efficiency in Ambulatory Surgery Centers (ASCs), Lantern presents a more cost-effective option compared to conventional computer-assisted surgical systems, simultaneously decreasing operating room durations.
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What Are the Core Segments of the Hand-Held Surgical Instruments Market, and How Do They Contribute to Growth?
The hand-held surgical instruments market covered in this report is segmented –
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
Subsegments:
1) By Forceps: Tissue Forceps, Hemostatic Forceps, Dressing Forceps
2) By Retractors: Hand-held Retractors, Self-Retaining Retractors
3) By Dilators: Urethral Dilators, Cervical Dilators
4) By Graspers: Tissue Graspers, Laparoscopic Graspers
5) By Scalpels: Disposable Scalpels, Reusable Scalpels, Surgical Blades
6) By Other Products: Needle Holders, Scissors, Speculums
What Regions Are Driving Expansion in the Hand-Held Surgical Instruments Market?
North America was the largest region in the hand-held surgical instruments market in 2024. 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.
How Is the Hand-Held Surgical Instruments Market Categorized and Defined in the Industry?
Hand-held surgical instruments are usually built of premium stainless steel and come in a wide range of sizes, styles, and shapes appropriate for various surgical procedures. Hand-held surgical instruments are used in the surgical procedures and operated on while being held in hand. A wide variety of hand-held surgical instruments are used in numerous surgical operations, including scalpels, forceps, scissors, and retractors.
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