Surgical Pliers Market to grow at a CAGR of 4.5% during 2024-2028
The Surgical Pliers Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 151.8 million. The global surgical pliers market is experiencing significant growth due to the increasing number of surgical procedures performed annually. Approximately 310 million major surgical procedures are carried out worldwide, with 40-50 million in the US and 20 million in Europe. Factors driving this trend include the rise in chronic conditions such as cancer, cardiovascular diseases, and neurological disorders, which necessitate surgical interventions. Additionally, the aging population and the prevalence of obesity and orthopedic conditions are contributing to the demand for surgical pliers in surgical procedures. Consequently, the market for surgical pliers is projected to expand steadily during the forecast period.
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Technavio analysts predict that the Disposable subsegment will lead the Type segment during 2024 and 2028 In the healthcare industry, disposable surgical pliers play a crucial role in maintaining a clean and sterile environment. These single-use instruments are essential for minimizing the risk of infection and disease transmission. Unlike traditional surgical pliers that require maintenance and sterilization after each use, disposable pliers are discarded post-procedure, ensuring consistent sterility. This streamlined approach not only saves time but also eliminates the need for costly decontamination processes, significantly benefiting healthcare facilities in terms of both time and financial resources. The adoption of disposable surgical pliers is a prudent investment towards enhancing patient safety and adhering to stringent hygiene standards.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increasing number of hospitals and surgical centers
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The Surgical Pliers Market is witnessing significant growth due to the increasing demand for personalized surgical procedures and evidence-based practices in healthcare. Augmented reality technology is being integrated into surgical pliers to enhance precision and improve patient outcomes. The market is also driven by the growing trend of medical tourism and the need for infection control and patient safety. The target audience for surgical pliers includes hospitals, ambulatory surgical centers, and healthcare institutions catering to age-related conditions and chronic diseases. Strategic collaborations between medical device manufacturers and healthcare providers are expected to boost market growth. Surgical pliers have various applications, including holding and grasping, dissecting and cutting, and clamping and occluding. Reusable surgical pliers are gaining popularity due to their cost-effectiveness, while disposable surgical pliers ensure infection control. The market is also influenced by factors such as healthcare expenditure, environmental impact, and accidents and injuries resulting from surgical procedures. The geriatric population's increasing need for surgical procedures is another significant market driver. In conclusion, the surgical pliers market is expected to continue its growth trajectory due to these factors and the ongoing advancements in surgical technology.
The global healthcare supplies market encompasses businesses and innovations within the medical sector, focusing on the production of a diverse range of consumables utilized for disease diagnosis and treatment. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of medical equipment such as syringes, drapes, gloves, and gowns. Key growth drivers for this market include the increasing aging population, with projections indicating that by 2050, nearly one-quarter of the US population and Europe's population by 2030 will be over 60 years old.
The Surgical Pliers Market is experiencing significant growth, fueled by the increasing number of hospitals and surgical centers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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