Handheld Surgical Devices Market Overview
As per Market Research Future (MRFR) analysis, the global handheld surgical devices market is expected to grow at a CAGR of 6.8% from 2018 to 2023 (forecast period). The study provides a thorough analysis of the effect of COVID-19 on current/future market conditions. The report also highlights some of the key market factors that will affect the growth of this sector, such as market share, the leading region, and main companies.
Handheld surgical devices are particularly designed devices that allow the doctor to perform high-precision surgical procedures.
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Handheld Surgical Devices Market Dynamics
Demand for surgical procedures is expanding as surgery has become standard treatment for various conditions of health. It is noted that the growing number of surgical procedures is a key driver of the market for handheld surgical devices. As per Eurostat data in 2016, nearly 1040.8 cases of cataract surgery and 406.2 cases of transluminal coronary angioplasty were registered in Germany.
Various other factors, such as the increased occurrence of accidents, high geriatric population, technological advancements, increased demand for plastic and reconstructive surgery, and increased patient awareness of the benefits of handheld surgical devices, are also expected to drive market development.
Nevertheless, the lack of qualified or skilled physicians and strict government regulations may hinder the growth of the market over the forecast period.
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
Regionally, the global handheld surgical devices market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominated the global market for handheld surgical devices due to a growing prevalence of chronic disorders and a large geriatric population. As per data collected by the Centers for Disease Control and Prevention (CDC) in 2016, about 28.1 million people were diagnosed with heart disease in the United States.
It was reported that Europe was second in the global market for handheld surgical devices in 2017. It can be due to increasing cases of surgical procedures and growing innovation in research and development.
The Asia Pacific is expected to be the fastest-growing region. Factors such as growing healthcare sector, growing market penetration in the region, increasing healthcare expenditure, a rising number of surgical procedures are driving regional markets in the Asia Pacific region. As per the Australian Institute of Health and Welfare, there were 10.6 million hospitalizations in 2015–16 and 1 in 4 hospitalizations included surgery.
The Middle East and Africa had the lowest share in the global market for handheld surgical devices due to their low per capita income, especially in the African region.
Handheld Surgical Devices Market Key players
Some of the prominent participants identified by MRFR in the global handheld surgical devices market are B. Braun Melsungen AG, Integra LifeSciences Corporation, Pelion Surgical, Medtronic, Smith & Nephew, Johnson & Johnson, Millennium Surgical Corp, Zimmer Biomet Holdings, Medicon Eg, Elite Medical, Becton, Thompson Surgical, Stryker, Aspen Surgical, KLS Martin, Dickinson and Company (BD), CooperSurgical Inc., and others.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.4 Macroeconomic Indicators
4.5 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Global Handheld Surgical Devices Market Synopsis, 2018–2023
Table 2 Global Handheld Surgical Devices Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Handheld Surgical Devices Market, By Region, 2018–2023 (USD Million)
Table 4 Global Handheld Surgical Devices Market, By Application, 2018–2023 (USD Million)
Table 5 Global Handheld Surgical Devices Market, By Product, 2018–2023 (USD Million)
Table 6 Global Handheld Surgical Devices Market, End User, 2018–2023 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Handheld Surgical Devices Market
Figure 3 Market Dynamics For Global Handheld Surgical Devices Market
Figure 4 Global Handheld Surgical Devices Market Share, By Application,2017
Figure 5 Global Handheld Surgical Devices Market Share, By Product,2017
Figure 6 Global Handheld Surgical Devices Market Share, End User, 2017
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