Published Date: 30-Jun-2023
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According to a new report, published by KBV research, The Global Hand-held Surgical Instruments Market size is expected to reach $8.9 billion by 2030, rising at a market growth of 6.7% CAGR during the forecast period.
The Urology & Gynecology Surgery segment is showcasing a CAGR of 5.5% during (2023 - 2030). A rise in women's education programs, a rise in the proportion of older women facing postmenopausal issues, and increased awareness of women's health are some of the main factors propelling the growth of the gynecology and obstetrics industry. The demand for plastic and reconstructive surgery is expected to increase dramatically over the projection period due to increased interest in skin rejuvenation, rising prevalence of skin cancer, rising per capita income, and technological advancements in the sector.
The Hospitals segment is leading the Global Hand-held Surgical Instruments Market by End-use in 2022 thereby, achieving a market value of $5.8 billion by 2030. This is due to the significant number of patients and preventative procedures in these settings. Additionally, the industry expansion is anticipated to be fueled by the accessibility of all varieties of surgical devices and qualified specialists. Over the projection period, rising admissions due to chronic illnesses becoming more prevalent are also anticipated to fuel market expansion.
The Dilators & Trocars segment has shown the growth rate of 7.1% during (2023 - 2030). The market for dilators is accelerating due to increasing improvements in the healthcare industry worldwide. Dilators are medical equipment used to widen or open a bodily channel. There are many different kinds of dilators on the market, including mechanical and balloon dilators for the nasal, cervical, vaginal, and esophageal cavities. These dilators guarantee that the route will open without endangering the patient.
The North America market dominated the Global Hand-held Surgical Instruments Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.1 billion by 2030. The Europe market is showcasing a CAGR of 6.5% during (2023 - 2030). Additionally, The Asia Pacific market would register a CAGR of 7.6% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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