Hand Held Surgical Instruments Market Size to grow by USD 2851.9 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Hand Held Surgical Instruments Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the hand-held surgical instruments market is a significant segment within the expansive global healthcare equipment industry. This market encompasses companies specializing in the research and development (R&D) and manufacturing of advanced, clinically tested hand-held surgical instruments, contributing to the overall revenue generation in the global healthcare equipment market. The healthcare equipment sector is segmented into devices, which includes hand-held surgical instruments, as well as capital equipment, implants, accessories, and consumables. The global healthcare equipment market size is determined by the combined revenues of manufacturers of various diagnostic equipment and devices utilized across diverse therapy areas. - The Hand Held Surgical Instruments Market is experiencing significant growth, fueled by the Increase in volume of surgeries coupled with chronic diseases and older population. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increase in volume of surgeries coupled with chronic diseases and older population
  • Increasing investment in health care infrastructure
  • Risks and complications associated with surgical instruments
  • Lack of skilled surgeons
• Growth Projections

The market size is estimated to grow by USD 2851.9 million, at a CAGR of 8.09% during the forecast period. Hand held surgical instruments are essential tools in surgical procedures, available in both disposable and reusable formats. Vendors provide a range of single-use hand held surgical instruments to minimize the risk of surgical site infections and contamination. For instance, disposable surgical scalpels, such as those offered by Swann Morton in their standard, guarded, and Sabre lines, are highly sought after due to their reduced risk of contamination. These instruments are commonly used in emergency units and trauma centers for procedures like making incisions for chest drains, opening coronary arteries, and removing calcifications. The demand for disposable surgical scalpels is significantly higher than that for reusable ones due to the lower risk of contamination associated with their use.

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• Regional Insights

The Hand Held Surgical Instruments Market represents a significant business opportunity for manufacturers and suppliers. These instruments are essential tools in various surgical procedures, offering precision, flexibility, and ease of use. Market growth is driven by factors such as increasing minimally invasive surgeries, technological advancements, and rising healthcare expenditures. Key players in this market include Ethicon, Stryker, and Medtronic, who continuously innovate to meet evolving surgical needs.

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