The hand-held surgical instruments market size is estimated to be USD 5,250.5 million in 2022 and is expected to witness a CAGR of 7.45% during the forecast period 2023-2033. Increasing prevalence of chronic diseases including cardiovascular, urological, neurological, and infectious diseases, rising elderly population, surge in surgical operations and rising demand for cosmetic surgery are factors contributing to the market growth. Furthermore, expanding surgical instrument developments and rising acceptance of innovative surgical equipment by surgeons is expected to support the market growth. However, rise in minimally invasive and non-invasive surgical procedures is expected to hinder the growth.

Surge in surgical operations is expected to propel the market growth during the projected period. Factor driving the market for hand-held surgical instruments is the rise in surgical operations and increasing demand for cosmetic surgery. Over the past several years, demand for procedures such as breast surgery, eyelid surgery, liposuction, nose reshaping, and tummy tuck surgeries has expanded, increasing demand for hand-held surgical instruments and boosting the market.

Expanding surgical instrument developments and rising acceptance of innovative surgical equipment by surgeons is predicted to spur the market growth during the forecast period. The use of high-quality instruments by surgeons is a constant priority in order to perform surgeries efficiently and quickly without compromising the health of the patient. A technologically advanced powered screwdriver made specifically for delicate procedures is one such advanced surgical tool. It includes sensors and software that provides the surgeon intelligence.

Segmentation

By Product

The market is categorized into retractors, forceps, dermatome, trocars, cannulas, graspers, dilators, scalpels, and others. In 2022, the forceps segment accounted for the highest revenue share due to the rising use. The benefits, such as reducing the need to handle small objects with hands and preventing contamination, are responsible for the increase in usage. Clamps, a bone chisel, closure tools, a dissecting knife, a bone saw, a curette, an osteotome, elevators, and a rongeur are all included in the others category. The retractors segment is expected to grow at the fastest rate during the forecast period due to improvements in retractors for various types of surgeries. For instance, a trauma surgeon designed the TITAN CSR in September 2021, a special retractor that combines speed and a large amount of exposure. The device can be set up in around 6 seconds without losing any functionality and does not require mounting on the table.

By Application

The market is categorized into cardiology, audiology, wound care, neurosurgery, thoracic surgery, plastic surgery, orthopedic surgery, ophthalmology, urology & gynecology, and others. In the global market, the orthopedic surgery segment accounted for the largest revenue share in 2022 owing to factors such as the high prevalence of musculoskeletal (MSK) disorders and growing advancements in minimally invasive treatments. Around 1.71 billion people worldwide have MSK conditions, according to a study by the WHO that was published in July 2022. It is the leading cause of disability in the world and lowers productivity. The plastic surgery is expected to expand at the quickest rate during the projected period. The increasing acceptance of plastic surgery is attributed to a number of factors, including technological developments that have made the treatment safer, shortened the length of the recovery period, and decreased the cost of the procedure.

By End User

The market is segmented into clinics, hospitals, ambulatory surgical centres, and others. In 2022, the hospitals segment accounted for the largest revenue share owing to the high volume of cases and preventative procedures carried out in these settings. Additionally, the segment growth is anticipated to be fuelled by the accessibility of all kinds of surgical devices and trained professionals. the segment’s expansion is anticipated to be supported by the increasing rate of admissions driven by the rise in chronic diseases. The need for surgical equipment in hospitals has significantly increased due to the rise in surgeries including angioplasty and kidney and liver transplants and the prevalence of trauma. The segment for ambulatory surgery centres is expected to grow at the fastest rate over the projected period.

Regional Markets

In 2022, North America region accounted for the highest revenue in the hand-held surgical instruments market and is expected to maintain its dominance during the forecast period. This is attributed to the rising frequency of neurological, cardiovascular, cancer, and autoimmune disorders. Circumcision, C-sections, cataract removal, joint replacement, gallbladder removal, angioplasty, broken bone repair, and cardiovascular issues are some of the common procedures carried out in North America. Over 13 million surgical procedures were performed in the US between January 1st, 2019, and January 30th, 2021, according to a study that was published in the Journal of the American Medical Association. Europe is predicted to hold the second position due to the rising demand for safe surgical tools used in minimally invasive procedures. The need for hand-held surgical equipment is anticipated to increase along with the demand for less time-consuming and more affordable medical solutions, boosting the market. The WHO states that the non-communicable disease burden is highest in the European region, and that this will continue to grow over the next several years.

Competitor Insights

Some of the key players operating in the hand-held surgical instruments market are Thompson Surgical Instruments Inc., Johnson & Johnson Services, Inc., Medtronic, Smith & Nephew, Integra LifeSciences Corporation, Becton, Dickinson and Company, Zimmer Biomet Holdings, CooperSurgical, Inc., B. Braun Melsungen AG, and Aspen Surgical.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, in September 2022, Zimmer Biomet and Surgical Planning Associates announced a multi-year co-marketing deal to launch the first mixed reality navigation system for total hip replacement that has received FDA approval.
• In order to complement its goal of investing in higher-growth markets, Smith+Nephew finalised the acquisition of Integra Lifesciences Holdings Corporation’s Extremity Orthopedics business in January 2021.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product, application, and end user from 2023 to 2033.

Report Scope:

Segmentation: Hand-held Surgical Instruments Market Report 2022 – 2033

Product (Revenue, USD Million), 2022 – 2033

• Retractors
• Forceps
• Dermatome
• Trocars
• Cannulas
• Graspers
• Dilators
• Scalpels
• Others

Application (Revenue, USD Million), 2022 – 2033

• Cardiology
• Audiology
• Wound Care
• Neurosurgery
• Thoracic Surgery
• Plastic Surgery
• Orthopedic Surgery
• Ophthalmology
• Urology & Gynecology
• Others

End user (Revenue, USD Million), 2022 – 2033

• Clinics
• Hospitals
• Ambulatory Surgical Centres
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA