How Has The Hand-Held Surgical Instruments Market Size Evolved Historically?
The hand-held surgical instruments market has seen considerable growth due to a variety of factors.
• The market size for hand-held surgical instruments has seen robust growth in the recent past. It is projected to grow from a value of $7.01 billion in 2024 to $7.6 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%.
The growth experienced in the historical period can be credited to developments in minimally invasive surgery, an aging population, enhancement in healthcare infrastructure, a surge in chronic diseases, and adherence to regulatory standards.
What Will Be The Hand-Held Surgical Instruments Market Size In The Future?
The hand-held surgical instruments market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for hand-held surgical instruments is anticipated to witness exponential growth, reaching $11.69 billion by 2029 with a compounded annual growth rate (CAGR) of 11.4%.
The sustained growth during the forecast period can be due to a spurt in personalized medicine, telemedicine, remote surgery, expansion in healthcare expenditure, emerging healthcare market, as well as surgical training and skill development. Predominant trends for the forecast period encompass the integration of surgical robotics, adoption of eco-friendly and sustainable solutions, progress in advanced materials and coatings, telemedicine, remote surgery, and the advent of smart and connected instruments.
What Are The Primary Growth Drivers In The Hand-Held Surgical Instruments Market?
The surge in the older population is fuelling the growth of the hand-held surgical instruments market. This population sector involves individuals who are 65 years old and beyond. These individuals are typically more susceptible to illnesses and severe conditions that require adequate care and surgical procedures. Various diseases and treatments necessitate the use of surgical instruments. For instance, the World Health Organization - a specialized health agency based in the United States, stated in October 2022 that by 2030, globally, 1 in 6 people will be 60 or older, and the number of elderly people is projected to reach 2.1 billion by 2050. Hence, the growing older population is a significant catalyst for the expansion of the hand-held surgical instruments market.
What Is The Segmentation Of The Global Hand-Held Surgical Instruments Market?
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
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What Emerging Trends Are Shaping The Hand-Held Surgical Instruments Market Landscape?
Leading enterprises in the handheld surgical devices and equipment market are concentrating on devising innovative solutions, for instance, knee arthroplasty handheld technology, responding to the escalating demand for procedures that are minimally invasive. Knee arthroplasty handheld technology comprises sophisticated surgical instruments tailored for knee replacement operations, helping surgeons to position implants both accurately and effectively. These equipment possess features such as real-time imaging and ergonomic models to enhance precision, decrease operation time, and expedite recovery. For example, in May 2024, Orthalign, a medical equipment manufacture based in the USA, introduced Lantern. This product provides accurate, personalized alignment for knee replacement procedures, according to the unique anatomical necessities of each patient, essential for optimal surgical results. Its single-use design promotes sterility, effectively reducing the likelihood of cross-contamination in surgery rooms. The handheld tech simplifies procedure workflows and permits effortless management and integration into existing surgical procedures. Moreover, it has the ability for gap balancing and revision knee surgeries, catering to a broader spectrum of surgical needs beyond standard replacements. Specially designed for efficiency in ambulatory surgery centers (ASCs), Lantern functions as a cost-friendly substitute to conventional computer-assisted surgical structures while also diminishing surgery room times.
Who Are the Key Players in the Hand-Held Surgical Instruments Market?
Major companies operating in the hand-held surgical instruments market include:
• Johnson & Johnson
• B. Braun Melsungen AG
• Medtronic plc
• Zimmer Biomet Holdings Inc.
• KLS Martin Group
• Aspen Surgical Products Inc.
• CooperSurgical Inc.
• Thompson Surgical Instruments Inc.
• Becton
• Dickinson and Company
• Swann-Morton Limited
• Peters Surgical SAS
• Huaiyin Medical Instruments Co. Ltd.
• ConMed Corp.
• Stryker Corporation
• Integra LifeSciences Corporation
• Smith & Nephew plc
• Aesculap AG
• Scanlan International Inc.
• Sklar Surgical Instruments
• Symmetry Surgical Inc.
• Millennium Surgical Corp.
• Surgipro Inc.
• Teleflex Incorporated
• Wexler Surgical
• Grena Ltd.
• Surgmed Group
• Surtex Instruments Ltd.
• Instrumed International B.V.
• Surgitrac Instruments UK Limited
• Sontec Instruments Inc.
What are the Regional Insights into 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.
