Handheld Surgical Devices Market Overview
As the name says handheld surgical devices are designed to be held in hand during surgery. Different types of handheld surgical devices are there including scalpels, knives, scissors, bone cutters, punches, curettes, snares, blunt dissectors and other surgical devices. Further, these handheld surgical devices are used for various purposes during surgical procedures such as cutting, coagulate, desiccate and to fulgurate the body tissues. Moreover, technological advancements with handheld surgical devices such as high energy lithium metal oxide battery powered handheld surgical device are major trend. Handheld devices have a wide range of application in areas such neurology, urology, orthopedics, gynecology and in other surgical procedures.
Market Size & Forecast
Global handheld surgical devices market is anticipated to witness a robust growth during the forecast period i.e.2017-2024 on the account of growing surgical devices market. Further growing healthcare industries, increasing prevalence of handheld surgical devices in wound closure procedure and technological advancements with handheld surgical devices are some dynamic factors which are expected to propel the growth of global handheld surgical devices market during forecast period.
In terms of region, global handheld surgical devices market is segmented into five major regions which are North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America has been the dominating region in the global market of handheld surgical devices market. Factors such as presence of large number of aged persons, existing leading companies of surgical devices and growing prevalence of diseases which require surgery are expected to fuel the growth of handheld surgical devices market in this region. Moreover, large number of surgical procedures carry out in this region is also expected to escalate the demand for handheld surgical devices during the forecast period.
Apart from this, Asia Pacific region is expected to be the fastest growing market for the handheld surgical devices during the forecast period. Further, this growth can be attributed to factors such as rising consumer’s affordability, several government initiatives to promote healthcare sector and growing number of patients who are likely to experience surgical procedures in near future in this region. Additionally, Europe region is also projected to experience remarkable growth during forecast period due to high consumer’s income and beneficial regulatory structure in this region.
Our-in depth analysis of the handheld surgical devices market includes the following segments:
By End User
Global handheld surgical devices market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Global handheld surgical devices market is primarily driven by factors such as growing number of surgical procedures across the globe on account of growing chronicle and other diseases which require further surgeries for their treatment. Moreover, growing geriatric population across the globe especially in North America region is also a major factor which is fueling the growth of global handheld surgical devices market.
Additionally, high demand rate of handheld surgical devices in various fields of medical such as neurology, urology, orthopedics, gynecology and in other surgical procedures is also a major factor which is likely to drive the growth of global handheld surgical devices market at remarkable pace in near future.
Rising awareness among consumers towards healthcare and growing consumer’s affordability are some of key factors which are envisioned to propel the growth of global handheld surgical devices market in near future. Furthermore, several government initiatives to promote healthcare sector in countries such as India and Brazil are likely to drive the growth of global handheld surgical devices market.
Further, technological advancement with handheld surgical devices and development of innovative handheld surgical devices are dynamic factors behind soaring demand for handheld surgical devices. In addition to this, rising prevalence of robotic and power associated surgical devices such as high energy lithium metal oxide battery powered handheld surgical devices is also propelling the growth of global handheld surgical devices market.
However, growing price ware between leading companies is a major factor which is hampering the growth of global handheld surgical devices market. Additionally, growing adoption of wound closure materials such as glues and fibrin sealants over handheld wound closure surgical devices is also restraining the growth of global handheld surgical devices market.
Scope & Context
Overview of the Parent Market
The global handheld surgical devices market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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