Quick Summary:
In the rapidly evolving healthcare industry, staying abreast of the trends and opportunities in the handheld surgical devices and equipment market is paramount. Our detailed market research report is designed to aid key decision-makers in navigating this dynamic market, projected to witness significant growth driven by several macro and micro-industrial factors.
Whether your business is focused on producing spatulas, dilators, graspers, auxiliary instruments, cutter instruments, or any other handheld surgical device, our report presents you with data-backed insights from the global market. As aesthetic surgeries continue to rise due to growing disposable income and improved healthcare access, the demand for your products is only set to increase. Moreover, the report will equip you with essential insights related to regulatory controls, use of handheld equipment in minimally invasive surgeries, and the competitive landscape marked by price wars and acquisitions.
Elevate your strategic decision-making and stay ahead of your competition with our comprehensive handheld surgical devices and equipment market research report.
The global handheld surgical devices and equipment market will grow from $6.07 billion in 2022 to $6.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The handheld surgical devices and equipment market is expected to grow to $8.18 billion in 2027 at a CAGR of 5.6%.
The handheld surgical devices and equipment market consists of sales of spatulas, dilators, graspers, auxiliary instruments, cutter instruments, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Hand-held surgical devices and equipment are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures.
North America was the largest region in handheld surgical devices market in 2022. Western Europe was the second-largest region in handheld surgical devices market. The regions covered in the handheld surgical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main products of handheld surgical devices are scalpels, forceps, retractors, dilators, graspers, and others. The forceps are handheld instruments used for holding objects The various applications involved are neurosurgery, cardiovascular, orthopedic, plastic and reconstructive surgery, obstetrics and gynecology, and others that are used by various end-users such as hospitals, specialized clinics, long-term care centres, ambulatory surgery centres, and others.
Increasing demand for aesthetic surgeries drives the handheld surgical devices and equipment market. The demand for aesthetic surgeries can be attributed to an increase in per capita disposable income. According to the ASPS data 2021, more than 15.5 million cosmetics procedures were performed in 2020 alone. Rhinoplasty (a nose job) was the top cosmetic surgery in 2020, with more than 352,000 surgeries performed.
The competitive pricing among manufacturers will restrain the handheld surgical devices market. An increasing number of local manufacturers are offering handheld surgical instruments at lower prices compared to major global manufacturers, as a result, companies are competing heavily on price and often need high sales volumes to be profitable.
The use of handheld devices and equipment in minimally invasive surgeries is increasing. The low cost of handheld instruments compared to robotic systems is the major factor for the increasing use of these devices in most surgical settings. Technical advancements in handheld surgical instruments are increasingly adopted by surgeons due to the improvement in the ease of use of these instruments.
Medical devices are classified as Class I, Class II, and Class III devices by FDA based on their risks and the regulatory controls necessary to provide a reasonable assurance of safety and effectiveness. Hand-held surgical devices are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures. Hand-held surgical devices are categorized as Class I medical devices. Class I devices generally have the lowest risk to the patient and/or user. These devices are exempted from the premarket notification procedures 510(k).
In October 2022, Aspen Surgical Products, a portfolio company of US-based Audax Private Equity, acquired Symmetry Surgical for an undisclosed amount. The acquisition would augment Aspen’s portfolio with additional brands and diversify its portfolio. Symmetry Surgical is a US-based manufacturer of surgical instrumentation.
The countries covered in the handheld surgical devices market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The handheld surgical devices market research report is one of a series of new reports that provides handheld surgical devices market statistics, including handheld surgical devices industry global market size, regional shares, competitors with a handheld surgical devices market share, detailed handheld surgical devices market segments, market trends and opportunities, and any further data you may need to thrive in the handheld surgical devices industry. This handheld surgical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the handheld surgical devices market are B. Braun Melsungen AG, Medtronic, Smith & Nephew, Johnson & Johnson Services Inc, Integra Life Sciences Corporation, Zimmer Biomet, CooperSurgical Inc, Becton, Dickinson and Company, and Moria.
This product will be delivered within 1-3 business days.
The handheld surgical devices and equipment market consists of sales of spatulas, dilators, graspers, auxiliary instruments, cutter instruments, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Hand-held surgical devices and equipment are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures.
North America was the largest region in handheld surgical devices market in 2022. Western Europe was the second-largest region in handheld surgical devices market. The regions covered in the handheld surgical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main products of handheld surgical devices are scalpels, forceps, retractors, dilators, graspers, and others. The forceps are handheld instruments used for holding objects The various applications involved are neurosurgery, cardiovascular, orthopedic, plastic and reconstructive surgery, obstetrics and gynecology, and others that are used by various end-users such as hospitals, specialized clinics, long-term care centres, ambulatory surgery centres, and others.
Increasing demand for aesthetic surgeries drives the handheld surgical devices and equipment market. The demand for aesthetic surgeries can be attributed to an increase in per capita disposable income. According to the ASPS data 2021, more than 15.5 million cosmetics procedures were performed in 2020 alone. Rhinoplasty (a nose job) was the top cosmetic surgery in 2020, with more than 352,000 surgeries performed.
The competitive pricing among manufacturers will restrain the handheld surgical devices market. An increasing number of local manufacturers are offering handheld surgical instruments at lower prices compared to major global manufacturers, as a result, companies are competing heavily on price and often need high sales volumes to be profitable.
The use of handheld devices and equipment in minimally invasive surgeries is increasing. The low cost of handheld instruments compared to robotic systems is the major factor for the increasing use of these devices in most surgical settings. Technical advancements in handheld surgical instruments are increasingly adopted by surgeons due to the improvement in the ease of use of these instruments.
Medical devices are classified as Class I, Class II, and Class III devices by FDA based on their risks and the regulatory controls necessary to provide a reasonable assurance of safety and effectiveness. Hand-held surgical devices are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, retractors, intended to be used in various general surgical procedures. Hand-held surgical devices are categorized as Class I medical devices. Class I devices generally have the lowest risk to the patient and/or user. These devices are exempted from the premarket notification procedures 510(k).
In October 2022, Aspen Surgical Products, a portfolio company of US-based Audax Private Equity, acquired Symmetry Surgical for an undisclosed amount. The acquisition would augment Aspen’s portfolio with additional brands and diversify its portfolio. Symmetry Surgical is a US-based manufacturer of surgical instrumentation.
The countries covered in the handheld surgical devices market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The handheld surgical devices market research report is one of a series of new reports that provides handheld surgical devices market statistics, including handheld surgical devices industry global market size, regional shares, competitors with a handheld surgical devices market share, detailed handheld surgical devices market segments, market trends and opportunities, and any further data you may need to thrive in the handheld surgical devices industry. This handheld surgical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the handheld surgical devices market are B. Braun Melsungen AG, Medtronic, Smith & Nephew, Johnson & Johnson Services Inc, Integra Life Sciences Corporation, Zimmer Biomet, CooperSurgical Inc, Becton, Dickinson and Company, and Moria.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Handheld Surgical Devices and Equipment Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 6.59 billion |
| Forecasted Market Value ( USD | $ 8.18 billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Handheld Surgical Devices And Equipment Market Characteristics
3. Handheld Surgical Devices And Equipment Market Trends And Strategies
4. Handheld Surgical Devices And Equipment Market - Macro Economic Scenario
4.1 COVID-19 Impact On Handheld Surgical Devices And Equipment Market
4.2 Ukraine-Russia War Impact On Handheld Surgical Devices And Equipment Market
4.3 Impact Of High Inflation On Handheld Surgical Devices And Equipment Market
5. Handheld Surgical Devices And Equipment Market Size And Growth
5.1. Global Handheld Surgical Devices And Equipment Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Handheld Surgical Devices And Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Handheld Surgical Devices And Equipment Market Segmentation
6.1. Global Handheld Surgical Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Scalpels
- Forceps
- Retractor
- Dilators
- Graspers
- Other Products
- Hospitals
- Specialized Clinics
- Long-Term Care Centers
- Ambulatory Surgery Centers
- Other End Users
- Neurosurgery
- Cardiovascular
- Orthopedic
- Plastic & Reconstructive Surgery
- Obstetrics & Gynecology
- Other Applications
7.1. Global Handheld Surgical Devices And Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Handheld Surgical Devices And Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Handheld Surgical Devices And Equipment Market
8.1. Asia-Pacific Handheld Surgical Devices And Equipment Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Handheld Surgical Devices And Equipment Market
9.1. China Handheld Surgical Devices And Equipment Market Overview
9.2. China Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Handheld Surgical Devices And Equipment Market
10.1. India Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Handheld Surgical Devices And Equipment Market
11.1. Japan Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Handheld Surgical Devices And Equipment Market
12.1. Australia Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Handheld Surgical Devices And Equipment Market
13.1. Indonesia Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Handheld Surgical Devices And Equipment Market
14.1. South Korea Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Handheld Surgical Devices And Equipment Market
15.1. Western Europe Handheld Surgical Devices And Equipment Market Overview
15.2. Western Europe Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Handheld Surgical Devices And Equipment Market
16.1. UK Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Handheld Surgical Devices And Equipment Market
17.1. Germany Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Handheld Surgical Devices And Equipment Market
18.1. France Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Handheld Surgical Devices And Equipment Market
19.1. Eastern Europe Handheld Surgical Devices And Equipment Market Overview
19.2. Eastern Europe Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Handheld Surgical Devices And Equipment Market
20.1. Russia Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Handheld Surgical Devices And Equipment Market
21.1. North America Handheld Surgical Devices And Equipment Market Overview
21.2. North America Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Handheld Surgical Devices And Equipment Market
22.1. USA Handheld Surgical Devices And Equipment Market Overview
22.2. USA Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Handheld Surgical Devices And Equipment Market
23.1. South America Handheld Surgical Devices And Equipment Market Overview
23.2. South America Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Handheld Surgical Devices And Equipment Market
24.1. Brazil Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Handheld Surgical Devices And Equipment Market
25.1. Middle East Handheld Surgical Devices And Equipment Market Overview
25.2. Middle East Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Handheld Surgical Devices And Equipment Market
26.1. Africa Handheld Surgical Devices And Equipment Market Overview
26.2. Africa Handheld Surgical Devices And Equipment Market, Segmentation By product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Handheld Surgical Devices And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Handheld Surgical Devices And Equipment Market Competitive Landscape And Company Profiles
27.1. Handheld Surgical Devices And Equipment Market Competitive Landscape
27.2. Handheld Surgical Devices And Equipment Market Company Profiles
27.2.1. B. Braun Melsungen AG
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Medtronic
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Smith & Nephew
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Johnson & Johnson Services, Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Integra LifeSciences Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Handheld Surgical Devices And Equipment Market
29. Handheld Surgical Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Handheld Surgical Devices And Equipment Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on handheld surgical devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered
1) By Product: Scalpels; Forceps; Retractor; Dilators; Graspers; Other Products2) By End-User: Hospitals; Specialized Clinics; Long-Term Care Centers; Ambulatory Surgery Centers; Other End Users
3) By Application: Neurosurgery; Cardiovascular; Orthopedic; Plastic & Reconstructive Surgery; Obstetrics & Gynecology; Other Applications
Companies Mentioned: B. Braun Melsungen AG; Medtronic; Smith & Nephew; Johnson & Johnson Services Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- B. Braun Melsungen AG
- Medtronic
- Smith & Nephew
- Johnson & Johnson Services Inc.
- Integra LifeSciences Corporation
- Zimmer Biomet
- CooperSurgical Inc.
- Becton
- Dickinson and Company
- Moria
- Pelion Surgical
- Elite Medical
- Millennium Surgical
- Gsource LLC
- Medicon eG
- Stryker Company
- Sklar
- Ethicon US LLC.
- Erbe Elektromedizin GmbH
- COVIDIEN
- CONMED Corporation
- MEDICON
- Synergetics USA Inc.
- Stryker Corporation
- KARL STORZ & Co.
- KLS Martin
Methodology
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