Handheld Surgical Devices Market Overview
Handheld surgical devices are various types of devices used by surgeons during surgery. They are specially designed so as to enable surgeons to perform surgeries with a high accuracy. The degree of precision available in surgeries matters, as this results in fewer accidents or mishaps. This has led to a growing demand for handheld surgical devices made to a high standard. The medical devices industry has come up with new and improved standards for handheld surgical devices in recent years in order to ensure high standards in handheld surgical devices. This is likely to be a major driver for the global handheld surgical devices market over the forecast period.
The global handheld surgical devices market is expected to exhibit a strong CAGR of 7.10% during the forecast period, according to the latest research report from Market Research Future (MRFR). The global Handheld Surgical Devices Market is likely to grow at a steady pace over the forecast period, leading to a high overall valuation by the end of the forecast period. The report studies the market’s major drivers and restraints, as well as the leading players operating in the global market. The impact of the COVID-19 pandemic on the handheld surgical devices market is also assessed in the report.
The increasing demand for surgical procedures, especially cardiovascular, neurological, and ophthalmic surgeries, is likely to be a major driver for the global handheld surgical devices market. The increasing prevalence of sedentary lifestyles has resulted in a growing demand for cardiovascular surgeries to prevent serious consequences such as heart attacks. The increasing air pollution and increasing use of blue screens such as desktops and laptops, in addition to mobiles, has resulted in a growing demand for cataract and other ophthalmic surgeries. This is likely to remain a major driver for the global handheld surgical devices market over the forecast period. On the other hand, the lack of skilled and trained physicians and the stringent government regulations are likely to be the major restraints on the global handheld surgical devices market over the forecast period.
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Handheld Surgical Devices Market Segmentation
· The global market for handheld surgical devices has been segmented based on application, product, and end-user.
· By application, the global market for handheld surgical devices has been segmented into neurology, urology, orthopedics, gynecology, cardiovascular, wound closure, and others.
· By product, the global market for handheld surgical devices has been segmented into forceps and spatulas, cutter devices, retractors, dilators, graspers, auxiliary devices, and others. The segment for auxiliary devices is further classified as clamps, closure devices, and cannulas. The segment for cutter devices is further classified as trocars, lancets, and scissor. The other segment includes punches, curettes, blunt dissectors, and snares.
· By the end-user, the global market for handheld surgical devices has been segmented into hospitals, ambulatory surgical centers, clinics, research and academic institutes, and others. Clinics held a profitable market share in 2017 due to the rising prevalence of chronic conditions.
Handheld Surgical Devices Market Regional Analysis
The regional insight into the orthopedic implants market includes regions such as the Asia Pacific, the Middle East, the Americas, Europe, and Africa. The regional market in the Americas region is projected to control the market due to high financing in orthopedic implants in nations such as the U.S. and Canada, together with the growing undertakings by key players. The European regional market is projected to hold the second principal position in the orthopedic implants market.
The meticulous activities such as mergers and joint undertakings by many traditional market companies in the European countries is fueling the market growth in this region. The Asia Pacific region is anticipated to be the fastest-growing regional market owing to the growing initiatives by the public and private organizations. Also, increasing acknowledgment of uses of orthopedic implants by patients is backing to the growth of the market in this region. The orthopedic implants market in the Middle East & Africa holds the minimum share of the market owing to the initiatives by public bodies. Furthermore, many businesses are concentrating on these nations so as to expand their target audience.
Handheld Surgical Devices Market Players
· B. Braun Melsungen AG
· Integra LifeSciences Corporation
· Zimmer Biomet Holdings
· Pelion Surgical
· Medtronic
· Smith & Nephew
· Johnson & Johnson
· Millennium Surgical Corp
· Medicon Eg
· Elite Medical
· Thompson Surgical
· Stryker
· Others
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