The Asia Pacific Hand-held Surgical Instruments Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).
Hand-held surgical instruments are often used for cutting, dissecting, holding, grasping, and suturing. With this technology, surgical teams of surgeons, nurses, and other healthcare professionals may perform precise surgical operations. Additionally, the market expansion is projected to be aided by growing healthcare expenditure, improvements in the healthcare infrastructure, and a rise in the demand for minimally invasive surgical procedures.
The technological sophistication of hand-held surgical equipment is rising. A surgeon's dexterity is improved by developing cutting-edge equipment, such as robotic hand-held surgical instruments for laparoscopic operations. Due to the requirement for high precision, dependability, and patient safety, several developments have been implemented. Increased surgical operations and a rise in demand for cosmetic surgery also drive the market. Over the last several years, demand for procedures like breast surgery, eyelid surgery, liposuction, nose reshaping, and tummy tuck operations has increased, increasing demand and pushing the market.
Healthcare in underdeveloped and developing nations is changing quickly. Due to these countries' rising populations, there will likely be a greater need for medical equipment. Nearly two-thirds of the increase in expenditure was caused by the rising cost of illnesses and cutting-edge medical procedures. Spending on healthcare is expected to increase in countries like China and India throughout the forecast period. The World Economic Forum estimates that by 2022, developing countries will be responsible for one-third of all global health spending. Certain healthcare investments provide enticing long-term financial advantages. Medical care is one area where people often spend more as their income rises.
The China market dominated the Asia Pacific Hand-held Surgical Instruments Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $717.1 million by 2030. The Japan market is experiencing a CAGR of 6.9% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 8.3% during (2023 - 2030).
Based on Application, the market is segmented into Orthopedic Surgery, Urology & Gynecology Surgery, Cardiology, Wound Care, Plastic Surgery, Ophthalmology, Neurosurgery, Audiology, Thoracic Surgery, and Others. Based on End-use, the market is segmented into Hospitals, Clinics, and Ambulatory Surgical Centers & Others. Based on Product, the market is segmented into Forceps, Dilators & Trocars, Graspers, Cannulas & Dermatome, Scalpels, Retractors, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hand-held Surgical Instruments Market is Projected to reach USD 8.9 Billion by 2030, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, B. Braun Melsungen AG, Becton, Dickinson and Company, Medtronic PLC, Integra LifeSciences Holdings Corporation, Johnson & Johnson (Johnson & Johnson Services, Inc.), CooperSurgical, Inc. (The Cooper Companies, Inc.), Thompson Surgical Instruments Inc. and Aspen Surgical Products, Inc.
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