Strong CAGR to Propel in the Handheld Surgical Devices And Equipment Market and Beyond upto $13.79 Billion by 2029
Discover trends, market shifts, and competitive outlooks for the handheld surgical devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Key Milestones in the Handheld Surgical Devices And Equipment Market’s Growth Trajectory From 2025 To 2034?
The market for handheld surgical devices and equipment has experienced a significant expansion in the past years. The market is expected to increase from $8.76 billion in 2024 to a staggering $9.76 billion in 2025, with an impressive compound annual growth rate (CAGR) of 11.4%. Reasons for this growth during the historical period include factors such as the aging population, the growth of minimally invasive surgery (mis), advancements in healthcare infrastructure, and a strong adherence to regulatory compliance.
The market size of handheld surgical devices and equipment is anticipated to experience robust growth in the upcoming years, expanding to $13.79 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. The expected growth during the forecast period can be attributed to factors such as telemedicine and remote surgery, growth in emerging markets, advancements in robotics and automation, and personalized medicine. Dominant trends in this forecast period embrace the miniaturization and portability of devices, smart and interconnected devices, utilization of sustainable and eco-friendly materials, and the integration of augmented reality (AR) and virtual reality (VR).
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Which Primay Drivers Are Accelerating Growth in the Handheld Surgical Devices And Equipment Market?
The handheld surgical devices and equipment market is propelled by a rising interest in aesthetic surgeries. This surging demand can be linked to a growth in disposable income per head. As per the 2022 ASPS data, approximately 1.5 million cosmetic procedures were executed in that year alone. In 2022, liposuction took the lead as the most popular cosmetic surgery, with an astonishing 325,669 surgeries completed.
Which Primary Segments of the Handheld Surgical Devices And Equipment Market Are Driving Growth and Industry Transformations?
The handheld surgical devices and equipment market covered in this report is segmented –
1) By Product: Scalpels, Forceps, Retractor, Dilators, Graspers, Other Products
2) By Application, Neurosurgery, Cardiovascular, Orthopedic, Plastic And Reconstructive Surgery, Obstetrics And Gynecology, Other Applications
3) By End-User: Hospitals, Specialized Clinics, Long-Term Care Centers, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Scalpels: Disposable Scalpels, Reusable Scalpels
2) By Forceps: Hemostatic Forceps, Tissue Forceps, Surgical Forceps
3) By Retractors: Handheld Retractors, Self-Retaining Retractors
4) By Dilators: Urethral Dilators, Cervical Dilators, Esophageal Dilators
5) By Graspers: Laparoscopic Graspers, Endoscopic Graspers
6) By Other Products: Surgical Hooks, Scissors, Clamps, Spatulas, Needle Holders
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Which Regions Are Key Players in the Growth of the Handheld Surgical Devices And Equipment Market?
North America was the largest region in the global handheld surgical devices market in 2023. Western Europe was the second-largest region in the global handheld surgical devices market. The regions covered in the handheld surgical devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Handheld Surgical Devices And Equipment Industry?
The FDA classifies medical devices into three categories: Class I, Class II, and Class III, based on their associated risks and the regulatory measures required to ensure their safety and effectiveness. Hand-held surgical instruments are non-electrical devices manipulated by hand, such as scalpels, forceps, and retractors, and are designed for various general surgeries. Such hand-held surgical devices fall under the category of Class I medical devices. This class generally poses the least risk to patients and users. These devices are excused from premarket notification procedures 510(k).
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What Parameters Are Used to Define the Handheld Surgical Devices And Equipment Market?
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.
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