Minimally Invasive Surgical Procedures (MIS) are in high demand in all medical specialties due to the benefits associated with these surgeries. The benefits include less post-operative problems, precise incision, no post-operative side effects, minimal blood loss, faster recovery, and shorter hospital stay.
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The increased demand for these procedures is expected to drive the market for portable surgical instruments. Scalpels, forceps, scissors, and retractors are part of a wide variety of portable surgical instruments used in various surgical procedures. These surgical tools are typically made from high quality stainless steel and come in a wide variety of sizes, designs, and shapes to suit specific surgeries.
The global portable surgical instruments market is expected to expand during the forecast period of 2017 to 2025 owing to factors such as technological advancements leading to products with innovative features, increase in number of surgical procedures, increasing demand for cosmetic procedures and rapidly growing geriatric population.
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The International Society for Aesthetic and Plastic Surgery (ISAPS) conducted a survey and the results showed that the results showed an increase in the number of surgeries by one million from 2014 to 2015, while Americans spent more than 15 billion US dollars in cosmetic procedures. . Technological advancements in the field of design and interface should provide better usability to surgeons. Compact designs, portable devices, and availability of aspiration mode are expected to positively impact the overall portable surgical instrument market. Companies spend significant capital on R&D to introduce advanced products that are easy to use and more user-friendly.
The global portable surgical instruments market can be segmented on the basis of product type, application, end user, and geography. Based on the type of product, the global portable surgical instruments market can be categorized into scalpels, forceps, retractors, dilators, forceps, and others. Scalpels, forceps, scissors, and retractors are part of a wide variety of portable surgical instruments used in various surgical procedures.
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These surgical tools are typically made from high quality stainless steel and come in a wide variety of sizes, designs, and shapes to suit specific surgeries. These instruments are mainly manufactured in Europe and Asia. Tuttlingen in Germany and Sialkot in Pakistan are the two main global producers that supply portable instruments to the major surgical equipment distribution companies. Improving surgical outcomes through the continued development of hand-held surgical instruments is a key factor in the growth of the market for these devices.
The application segment of the portable surgical instruments market is divided into neurosurgery, cardiovascular, orthopedic, plastic and reconstructive surgery, gynecology and obstetrics, etc. Among these, the gynecology and obstetrics segment is expected to constitute a significant share of the portable surgical instruments market during the forecast period. The increase in initiatives in favor of women’s education, the growth of the female geriatric population facing postmenopausal issues and the awareness of women’s health are some of the major factors fueling the growth of the gynecology segment. and obstetrics.
Plastic and Reconstructive Surgery segment is expected to show significant growth during the forecast period owing to increasing awareness of skin rejuvenation, increasing prevalence of skin cancer, growth in per capita income and technological advances in the field. In the end-user segment of the portable surgical instrument market, hospitals, specialty clinics, long-term care centers, outpatient surgery centers and other segments can be considered.
North America was the top regional market for hand-held surgical instruments in 2016, followed by Europe and Asia-Pacific. North America has dominated the handheld surgical instruments market and the trend is expected to continue during the forecast period. The portable surgical instruments market in Asia-Pacific and Latin America is expected to show significantly high growth owing to the presence of a large number of patients who are likely to undergo various surgeries, increased healthcare expenditure and the increase in healthcare costs. increase in unmet medical needs.
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The portable surgical instruments market is a fragmented market and is split among major local players and suppliers. Globally, Integra LifeSciences Corporation, B. Braun Melsungen AG and Johnson and Johnson are the major players with major revenue share in the portable surgical instruments market.
Major players in the portable surgical instruments market include B. Braun Melsungen AG, Integra LifeSciences Corporation, Medtronic, Smith & Nephew, Zimmer Biomet Holdings, Johnson & Johnson, Becton, Dickinson and Company, CooperSurgical Inc., Thompson Surgical, Aspen Surgical and KLS Martin.
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