New York, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Hand-Held Surgical Instruments Global Market Report 2022" - https://www.reportlinker.com/p06323513/?utm_source=GNW
The global hand-held surgical instruments market is expected to grow from $5.50 billion in 2021 to $5.96 billion in 2022 at a compound annual growth rate (CAGR) of 8.42%. The hand-held surgical instruments market is expected to reach $7.69 billion in 2026 at a CAGR of 6.56%.
The hand-held surgical instruments market consists of sales of hand-held surgical instruments by entities (organizations, sole traders, and partnerships) that refer to tools used in the surgical procedures and operated while being held in hand.The hand-held surgical instruments are usually built of premium stainless steel and come in a wide range of sizes, styles, and shapes appropriate for various surgical procedures.
A wide variety of hand-held surgical instruments are used in numerous surgical operations, including scalpels, forceps, scissors, and retractors.
The main product types of hand-held surgical instruments are forceps, retractors, dilators, graspers, scalpels, and others.Forceps are used for securely grabbing, pulling, or holding items, especially during delicate operations.
A forceps is a two-bladed tool with a handle that can be used for various tasks, including managing sterile dressings, squeezing or gripping tissues, and others.The hand-held surgical instruments are used for various medical treatment including neurosurgery, cardiovascular, orthopedic, plastic & reconstructive surgery, and obstetrics & gynecology.
These instruments are used by hospitals, clinics, and ambulatory surgical centers.
North America was the largest region in the hand-held surgical instruments market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the hand-held surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The hand-held surgical instruments market research report is one of a series of new reports that provides hand-held surgical instruments market statistics, including hand-held surgical instruments industry global market size, regional shares, competitors with a hand-held surgical instruments market share, detailed hand-held surgical instruments market segments, market trends and opportunities, and any further data you may need to thrive in the hand-held surgical instruments industry. These hand-held surgical instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
An increase in the geriatric population is driving the hand-held surgical instruments market.The geriatric population consists of adults 65 years of age and older.
Geriatric individuals are more prone to fall ill and catch a severe disease that needs proper treatment and surgical intervention.Surgical instruments are used in surgeries and carrying out treatment for various diseases.
For instance, according to a report by United Nations on World Population Ageing 2019, 703 million people worldwide were 65 or older in 2019, and the older people population growth is predicted to double by 2050, reaching 1.5 billion. Therefore, the increasing geriatric population is expected to boost demand for hand-held surgical instruments during the forecast period.
Technological advancement is a key trend gaining popularity in the hand-held surgical instruments market.Major players in the hand-held surgical instruments market are developing smart surgical instruments to meet healthcare demands and strengthen their market position.
Smart surgical instruments are user-friendly, advanced tools that save time and money.For instance, in November 2021, OrthAlign, a US-based medical equipment manufacturer, launched a new, hand-held smart surgical instrument called Lantern for full and partial knee replacements.
The solution offers streamlined workflows to reduce operating room wait times and support numerous operating rooms at once without requiring the investment in hardware or pre-operative imaging required by various computer-assisted surgical systems.
In October 2020, Katena Products Inc, a USA-based surgical equipment provider including cannulas, forceps, needle holders, phaco choppers, scissors, spatulas, and others, acquired Micro Select for an undisclosed amount.With this acquisition, Katena will expand its production of fine ophthalmic tools and manufacturing facilities.
Micro Select Instruments Inc is USA-baed full-service surgical instrument manufacturing and repair company.
The countries covered in the hand-held surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06323513/?utm_source=GNW
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