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The handheld surgical devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Handheld Surgical Devices And Equipment Market Size In 2022 And Forecast
The global handheld surgical devices and equipment market grew from $5.5 billion in 2021 to $6.03 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The handheld surgical devices market is expected to grow to $7.48 billion in 2026 at a CAGR of 5.5%.

The handheld surgical devices market consists of sales of handheld surgical devices and related services.

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Increase In Demand For Aesthetic Surgeries Is Driving The Growth Of The Handheld Surgical Devices And Equipment Market
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.

Competitive Landscape And The Regional Analysis Of The Handheld Surgical Devices And Equipment Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the handheld surgical devices and equipment market in 2021 holding the largest market share.

The Handheld Surgical Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the handheld surgical devices and equipment market.

Technological Advancement – A Key Trend In The Handheld Surgical Devices And Equipment Market
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 Segmentation By The Business Research Company

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

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