What is Hand-held Surgical Instruments Market?
The global hand-held surgical instruments market is expected to grow in the future due to technological advancements in the instrument and innovation in the existing product. Compact designs, portable devices, and availability of suction mode are expected to create a positive impact on the overall hand-held surgical instruments market. R&D in the field of hand-held surgical instruments is anticipated to create new opportunities during the forecast period.
The market study is being classified by Type (Scalpels, Forceps, Retractor, Dilators, Graspers and Others), by Application (Neurosurgery, Cardiovascular, Orthopedic, Plastic & Reconstructive Surgery, Gynaecology & Obstetrics and Others) and major geographies with country level break-up.
B. Braun Melsungen AG (Germany), Integra LifeSciences Corporation (United States), Medtronic plc (Ireland), Smith & Nephew plc (United States), Zimmer Biomet Holdings Inc. (United States), Johnson & Johnson (United States), Becton, Dickinson and Company (United States), The Cooper Companies Inc. (United States), Thompson Surgical Instruments (United States), Aspen Surgical (United States) and KLS Martin Group (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hand-held Surgical Instruments market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Hand-held Surgical Instruments market by Type, Application and Region.
On the basis of geography, the market of Hand-held Surgical Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Prevalence of Chronic Diseases
- High Number of Surgical Procedures
- Technological Advancements in Hand-Held Surgical Instruments
- Rising R&D to Introduce Advanced Products
- Stringent Government Regulations related to Hand-held Surgical Instrument
- Various Growth Opportunities from Emerging Economies
- Increasing Government Initiatives Towards Healthcare Industry
- Uncertain Regulatory Framework in the Medical Device Industry
Market Leaders and some development strategies
In December 2019, Johnson & Johnson has announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company.
In Nov 2020, Aspen Surgical Products, Inc. a leader in surgical disposable products, announced the acquisition of Protek Medical Products, Inc. The acquisition of Protek strengthens Aspenís broad portfolio of medical and patient & staff safety products sold into the hospital and surgery center market.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Hand-held Surgical Instruments Manufacturer, Hand-held Surgical Instruments Suppliers/Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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