The Europe Hand-held Surgical Instruments Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
The kinds of medical equipment used to carry out various surgical operations are called hand-held surgical tools. The most common minimally invasive surgical techniques include hand-held instruments such as precise incisions and post-surgical treatments. The most distinguishing feature of these instruments is that they are composed of premium stainless steel. The growing popularity of cosmetic operations is one of the main drivers boosting the market share.
The increasing prevalence of neurological illnesses is also driving this trend. Other factors that have indirectly contributed to the growth of the market for portable surgical equipment include growing personal disposable income and more spending on R&D for new products. A rise in traffic accidents, especially in emerging countries, and an increase in old persons might be advantageous for hand-held surgical devices. The market is growing due to the growth of educational programs for women and the increased public awareness of women's health concerns.
Europe registered the second-largest revenue share in the market in 2022. There is a rising need for safe surgical instruments in minimally invasive operations throughout the region. The market is projected to be driven by an increasing desire for less time-consuming and expensive medical solutions. Additionally, the market in the UK led the Europe market. The UK market is predicted to grow at a fast rate in the region. Europe is renowned for its innovations in surgery and medical technology. Modern portable surgical instruments have been made available in the area, with increased ergonomics, downsizing, and robotics integration, among other features. Modern surgical methods and gadgets are developed in several European nations with long-standing research and development facilities.
The Germany market dominated the Europe 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 $577.1 million by 2030. The UK market is experiencing a CAGR of 5.6% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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