Handheld surgical Devices Market was valued at USD 5.6 Billion in 2021, registering a CAGR of 8.6% during the forecast period (2022-2030), and the market is projected to be worth USD 11.7 Billion by 2030. Handheld surgical devices are non-powered instruments used in surgical procedures to reach sensitive surgical sites. These devices are also categorized as class I medical devices due to the lower risk to patients and surgeons. Handheld surgical devices such as forceps, retractors, and dilators are significantly used in trauma surgeries. For instance, the Mayfield Education and Research Foundation reported that approximately 1.5 to 2 million adults and children suffer a traumatic brain injury (TBI) each year in the United States. Thus, the increased prevalence of traumatic injuries is expected to support the demand for handheld surgical devices in the forecast period.
Furthermore, the high use of handheld surgical devices in aesthetic or plastic surgeries is expected to witness significant growth in the projected period due to the increased demand for such plastic surgeries. For instance, in 2020, the American Society of Plastic Surgeons published a statistic report which reported that over 15.6 million cosmetic surgeries were conducted in the United States. This supports the increased prevalence of plastic surgery which supports the growing utilization of handheld surgical devices.
Handheld Surgical Devices Market Dynamics:
Handheld surgical devices are non-electric medical instruments used in surgical operations for multiple surgical tasks such as making incisions, opening wounds for precise operations, and others. These instruments are highly preferred by surgeons due to their precision, low costs, and improved adaptability in difficult surgical interventions.
Driver:
The factors such as the high risk of orthopedic, cardiovascular, and neurological diseases especially in the aged population, surge in the incidences of trauma accidents such as road accidents assaults, burns, and others are anticipated to drive the growth of the handheld surgical devices market due to the increased surgical interventions. Additionally, the increased demand for aesthetic surgeries like plastic surgeries which require intensive usage of surgical instruments is also expected to drive the growth of the handheld surgical devices market
Restraint:
The rising preference for either minimal or noninvasive treatments like laparoscopy for chronic diseases such as heart diseases, cancer, and kidney diseases is the major factor that hampers the growth of the handheld surgical devices market. Moreover, the competitive pricing by manufacturers and users of robots in sensitive surgeries such as neurologic, prostate, gynecologic, and others are anticipated to restrict the market growth.
COVID-19 Analysis of Handheld Surgical Devices Market:
The handheld surgical devices market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as poor supply chain, slow medical device manufacturing rate, postponed elective surgeries, and economic slowdown is the major impacts of COVID-19 that hampered the growth of the handheld surgical devices market. As handheld devices are often used in elective surgeries like orthopedic, abdominal, and other exploratory surgeries, the postponement of such surgeries resulted in the decline of the handheld surgical devices market. As a result, it is determined that COVID-19’s overall impact on the handheld surgical devices industry is moderate. Post covid-19 there was a positive impact on the handheld surgical devices market as the increased use of disposable surgical devices contributed the largest share to the market growth.
Handheld Surgical Devices Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 11.7 Billion |
| CAGR (2022-2030) | 8.6% |
| By Product | Forceps and Spatulas, Retractors, Dilators, Graspers, Auxiliary Devices, Cutter Devices |
| By Application | Neurology, Orthopedics, Gynecology, Cardiovascular, and Others (General Surgery, Thoracic Surgery, Urologic Surgery, Wound Closure, And Microvascular Surgeries) |
| By End-Use | Hospitals, Clinics, Ambulatory Surgical Centers, Research and Academic Institutes, and Others |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | B. Braun Melsungen AG, Integra, Pelion Surgical, LifeSciences Corporation, Zimmer Biomet Holdings, Medtronic, Smith & Nephew, Johnson & Johnson, Millennium Surgical Corp, Medicon Eg, Elite Medical |
Handheld Surgical Devices Market Segment Analysis:
By Product
The product segment is categorized into forceps and spatulas, retractors, dilators, graspers, auxiliary devices, and cutter devices. The retractors are estimated to contribute the largest share of the market due to technological advancement in the development of products. Innovations such as self-retaining retractors are available in different blade configurations with the attached clamp or screw to help in holding the tissues apart is anticipated to support the growth of the retractor segment during the projected period. Additionally, the forceps segment is also anticipated to witness significant growth in 2021 owing to the benefits such as easy grasp of minuscule objects, especially during tooth extractions, removal of abnormal tissue structures, and dissection of the lesion.
By Application
The application segment is divided into neurology, urology, orthopedics, gynecology, cardiovascular, and others. In 2021, the other segment accounted for the largest revenue share. The others segment is further sub-segmented into general surgery, thoracic surgery, urologic surgery, wound closure, and microvascular surgeries. The factors such as increased cases of general surgeries in the aged population, growing use of image-guided procedures, and minimally invasive surgical approach are expected to support the growth of other segments during the forecast period. Further, the gynecology segment is also anticipated to witness significant growth in the forecast period due to the increased number of C-sections, cervical cerclage, and episiotomy.
By End-Use
The end-user segment is separated into hospitals, clinics, ambulatory surgical centers, research and academic institutes, and others. The hospital segment contributed the largest share of the handheld surgical devices market. The factors such as the growing number of preventive surgeries like chemotherapy, radiation, and targeted therapy, increased incidences of trauma combined with surgical procedures such as angioplasty, and liver and kidney transplants are expected to fuel the hospital segment’s growth. Additionally, the clinics segment is also expected to witness substantial growth in 2021 due to the surge in the number of patients’ visits for preventive treatment, increased advancements in medical devices, and growing expenditure on health facilities.
By Region
The regional segment includes Asia Pacific, Europe, North America, Middle East, and Africa, Latin America. In 2021, North America had the largest revenue share contribution to the handheld surgical devices market owing to the increased cases of chronic diseases that require surgical intervention such as diabetes, neurological diseases, cardiovascular diseases, cancer, and autoimmune diseases. The factors such as rising research and development studies for reducing the risks of cross-contamination through surgical devices, growing spending on new surgical techniques, and large availability of skilled surgeons are expected to contribute to the augmented growth of the North American region.
The Asia Pacific is also anticipated to contribute the largest market share to the handheld surgical devices market. India in the Asia Pacific is expected to witness significant market growth during the forecast period. The factors such as the large population affected with multiple chronic diseases, growing incidences of road accidents and burn injuries and increased expenditure on surgical facilities fuel the handheld surgical devices market growth in the Asia Pacific region, especially in India.
Handheld Surgical Devices Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Braun Melsungen AG
- Integra
- Pelion Surgical
- LifeSciences Corporation
- Zimmer Biomet Holdings
- Medtronic
- Smith & Nephew
- Johnson & Johnson
- Millennium Surgical Corp
- Medicon Eg
- Elite Medical
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Handheld Surgical Devices
- Global Handheld Surgical Devices Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Handheld Surgical Devices Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Technology Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Handheld Surgical Devices demand
- Post-Covid Impact on Handheld Surgical Devices Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Handheld Surgical Devices Market Segmentation, by Volume (Unit) & Revenue (USD Billion), (2022-2030)
- By Product
- Forceps and Spatulas
- Retractors
- Dilators
- Graspers
- Auxiliary Devices
- Cutter Devices
- By Application
- Neurology
- Orthopedics
- Gynecology
- Cardiovascular
- Others
- General Surgery
- Urologic Surgery
- Thoracic Surgery
- Wound Closure
- Microvascular Surgeries
- By End-use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Research and Academic Institutes
- Others
- By Product
- Global Handheld Surgical Devices Market Overview, By Region
- North America Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Product
- By Application
- By End Use
- Canada
- Mexico
- US
- Europe Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Handheld Surgical Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Handheld Surgical Devices Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Braun Melsungen AG
- Business Overview
- Business Financials (USD Billion)
- Product Category, Type, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- Integra
- Pelion Surgical
- LifeSciences Corporation
- Zimmer Biomet Holdings
- Medtronic
- Smith & Nephew
- Johnson & Johnson
- Millennium Surgical Corp
- Medicon Eg
- Elite Medical
- Braun Melsungen AG
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.