The global Hand-Held
Surgical Instruments Market size
is expected to reach USD 6.51 billion by 2025 at a 7.1% CAGR during the
forecast period, according to a new report by Grand View Research, Inc. The
market is anticipated to be driven by rise in number of surgical procedures
being performed and increase in prevalence of chronic diseases. In addition,
rise in number of road and other accidents globally is contributing to high
demand for these surgical instruments.
According to data revealed by the Center
for Disease Control and Prevention (CDC) in 2017, 15% of the U.S. population
suffers from chronic kidney disease. Hence, with rising prevalence of chronic
diseases, need for surgical treatment has been increasing. This is, in turn,
accelerating demand for handheld surgical instruments. As per WHO, around 10
million people are injured or disabled due to road accidents every year, which
has also resulted in growing number of wound surgeries. This is expected to
positively impact market growth in the long run.
In addition, as per Plastic Surgery
Statistics Report released by the American Society of Plastic Surgeons, in
U.S., around 17.5 million cosmetic surgeries and minimally invasive procedures
were performed in 2017. This showcases that the number of surgeries being performed
is expected to rise in future.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/hand-held-surgical-instruments-market
Further key
findings from the study suggest:
- By product, the others segment dominated the market in 2017 owing
to high adoption of various types of surgical tools such as clamps,
cannulas, closure devices, bone rasps, needle holders, dissectors, suction
tubes, and other cutting instruments
- Rise in general surgeries, wound injuries, and urologic surgeries,
such as prostate cancer surgery and urinary obstruction surgery, has led
to high revenue generation of the others segment by application
- Plastic and reconstructive surgery is expected to witness the
fastest growth over the forecast period due to rise in number of cosmetic
surgical procedures such as liposuction, breast augmentation, and
abdominoplasty
- On the basis of end use, the hospitals segment is fueled by
presence of well-equipped operating rooms
- Clinics held a significant revenue share in 2017 owing to rise in
number of dental and other specialized clinics throughout the world,
resulting in increased demand for handheld surgical tools
- North America dominated the market in 2017 due to presence of
well-developed healthcare infrastructure and leading market players in the
region; Asia Pacific is projected to showcase the highest growth during
the forecast period owing to rising prevalence of chronic diseases, burn
cases, and high child birth rate
- Some of the key companies are B. Braun Melsungen AG, Integra
LifeSciences Corporation, Smith & Nephew, Medtronic, Zimmer Biomet
Holdings, Becton, Dickinson and Company, and Johnson & Johnson.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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