What is the global market size of Hand-held Surgical Instruments Market?

Hand-held Surgical Instruments Market size was valued at USD 5.08 billion in 2021 and is poised to grow from USD 5.2 billion in 2022 to USD 9.6 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).

Hand-held Surgical Instruments Companies

Hand-held Surgical Instruments Market Competitive Landscape

The global hand-held surgical instruments market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.

Top Players in the Global Hand-Held Surgical Instruments Market

Johnson and Johnson Private Limited
B. Braun Melsungen AG
Integra LifeSciences Corporation
Medtronic plc
Stryker Corporation
Zimmer Biomet Holdings, Inc.
Smith & Nephew plc
Conmed Corporation
KLS Martin Group
MicroAire Surgical Instruments LLC
CooperSurgical Inc.
Becton, Dickinson and Company
Boston Scientific Corporation
Cook Medical LLC
Olympus Corporation
Richard Wolf GmbH
Teleflex Incorporated
Terumo Corporation
Wexler Surgical
Karl Storz SE & Co. KG

Hand-held Surgical Instruments Market

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Hand-held Surgical Instruments Market size was valued at USD 5.08 billion in 2019 and is poised to grow from USD 5.2 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

The hand-held surgical instruments market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Johnson and Johnson Private Limited', 'B. Braun Melsungen AG', 'Integra LifeSciences Corporation', 'Medtronic plc', 'Stryker Corporation', 'Zimmer Biomet Holdings, Inc.', 'Smith & Nephew plc', 'Conmed Corporation', 'KLS Martin Group', 'MicroAire Surgical Instruments LLC', 'CooperSurgical Inc.', 'Becton, Dickinson and Company', 'Boston Scientific Corporation', 'Cook Medical LLC', 'Olympus Corporation', 'Richard Wolf GmbH', 'Teleflex Incorporated', 'Terumo Corporation', 'Wexler Surgical', 'Karl Storz SE & Co. KG'

Over the next years, the need for cosmetic operations will propel the expansion of the hand-held surgical instrument market. Additionally, the aged population is projected to grow quickly in the next years, which will have a substantial impact on market revenue overall. Additionally, improvements in interface and instrument design will enable doctors to get more use out of their devices, spurring market expansion.

All throughout the world, there are a lot of surgical operations performed. This is another factor that is most likely to propel the sector in the next years. A growing market for handheld surgical devices might be developed as a result of rising traffic accident rates, particularly in developing countries where the population is aging. The industry is expanding as a result of greater efforts to educate women and raise awareness of their health.

In terms of market share and revenue, North America now dominates the hand-held surgical instruments market. This is because chronic illnesses are becoming more common and healthcare services are becoming more inventive. About 133 million Americans suffer from chronic illnesses, accounting for more than 40% of the nation's population and being typically incurable and continuous. It is anticipated that by 2020, there would be 157 million people worldwide, 81 million of whom will have various illnesses. Around 8% of children aged 5 to 17 reported having limited activities because of at least one chronic illness or impairment, while around 50% of adults report having a chronic condition. More and more people are dealing with two or more chronic diseases, rather than just one, like diabetes, heart disease, or depression. Almost one-third of people today are dealing with several chronic illnesses.

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Hand-held Surgical Instruments Market Size, Share, Growth Analysis, By Product(Forceps, Retractors, Dilators, Graspers), By Application(Neurosurgery, Cardiovascular, Orthopedic, Plastic), By End-User(Hospitals, Clinics, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2024-2031

Hand-held Surgical Instruments Market Competitive Landscape

Hand-held Surgical Instruments Market Report Snapshots

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Hand-held Surgical Instruments Market Size, Share, Growth Analysis, By Product(Forceps, Retractors, Dilators, Graspers), By Application(Neurosurgery, Cardiovascular, Orthopedic, Plastic), By End-User(Hospitals, Clinics, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2024-2031

Hand-held Surgical Instruments Market Competitive Landscape

Hand-held Surgical Instruments Market Report Snapshots

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