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Handheld Surgical Devices Market- Industry Analysis, Size, Growth, Trends, & Forecast(2016-2024)

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<strong>Handheld</strong> <strong>Surgical</strong> <strong>Devices</strong> <strong>Market</strong>- <strong>Industry</strong><br />

<strong>Analysis</strong>, <strong>Size</strong>, <strong>Growth</strong>, <strong>Trends</strong>, &<br />

<strong>Forecast</strong>(<strong>2016</strong>-<strong>2024</strong>)<br />

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As the name says handheld surgical devices are designed to be<br />

held in hand during surgery. Different types of handheld<br />

surgical devices are there including scalpels, knives, scissors,<br />

bone cutters, punches, curettes, snares, blunt dissectors and<br />

other surgical devices. Further, these handheld surgical devices<br />

are used for various purposes during surgical procedures such<br />

as cutting, coagulate, desiccate and to fulgurate the body<br />

tissues. Moreover, technological advancements with handheld<br />

surgical devices such as high energy lithium metal oxide battery<br />

powered handheld surgical device are major trend. <strong>Handheld</strong><br />

devices have a wide range of application in areas such<br />

neurology, urology, orthopedics, gynecology and in other<br />

surgical procedures.<br />

<strong>Market</strong> <strong>Size</strong> and <strong>Forecast</strong><br />

Global handheld surgical devices market is anticipated to<br />

witness a robust growth during the forecast period i.e.2017-<br />

<strong>2024</strong> on the account of growing surgical devices market.<br />

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Further growing healthcare industries, increasing prevalence of<br />

<strong>Handheld</strong> <strong>Surgical</strong> <strong>Devices</strong> in wound closure procedure and<br />

technological advancements with handheld surgical devices are<br />

some dynamic factors which are expected to propel the growth<br />

of global handheld surgical devices market during forecast<br />

period.<br />

In terms of region, Global <strong>Handheld</strong> <strong>Surgical</strong> <strong>Devices</strong> <strong>Market</strong> is<br />

segmented into five major regions which are North America,<br />

Europe, Asia Pacific, Latin America and Middle East & Africa<br />

region. Among these regions, North America has been the<br />

dominating region in the global market of handheld surgical<br />

devices market. Factors such as presence of large number of<br />

aged persons, existing leading companies of surgical devices<br />

and growing prevalence of diseases which require surgery are<br />

expected to fuel the growth of handheld surgical devices<br />

market in this region. Moreover, large number of surgical<br />

procedures carry out in this region is also expected to escalate<br />

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the demand for handheld surgical devices during the<br />

forecast period.<br />

Apart from this, Asia Pacific region is expected to be the<br />

fastest growing market for the handheld surgical devices<br />

during the forecast period. Further, this growth can be<br />

attributed to factors such as rising consumer’s affordability,<br />

several government initiatives to promote healthcare sector<br />

and growing number of patients who are likely to<br />

experience surgical procedures in near future in this region.<br />

Additionally, Europe region is also projected to experience<br />

remarkable growth during forecast period due to high<br />

consumer’s income and beneficial regulatory structure in<br />

this region.<br />

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<strong>Market</strong> Segmentation<br />

Our-in depth analysis of the handheld surgical devices market<br />

includes the following segments:<br />

By Products<br />

• Forceps and Spatulas<br />

• Retractors<br />

• Dilators<br />

• Graspers<br />

• Auxiliary <strong>Devices</strong><br />

• Cl<strong>amp</strong>s<br />

• Cannulas<br />

• Closure <strong>Devices</strong><br />

• Cutter <strong>Devices</strong><br />

• Trocars<br />

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By Application<br />

• Neurology<br />

• Urology<br />

• Orthopedics<br />

• Gynecology<br />

• Cardiovascular<br />

• Wound Closure<br />

• Orthopedic Surgery<br />

• Others<br />

By End User<br />

• Hospitals<br />

• Clinics<br />

• Ambulatory <strong>Surgical</strong> Centers<br />

• Others<br />

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By Region<br />

Global <strong>Handheld</strong> <strong>Surgical</strong> <strong>Devices</strong> <strong>Market</strong> is further classified<br />

on the basis of region as follows:<br />

• North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />

Opportunity <strong>Analysis</strong><br />

• Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong><br />

size, Y-O-Y growth & Opportunity <strong>Analysis</strong><br />

• Europe (U.K., Germany, France, Italy, Spain, Hungary,<br />

Belgium, Netherlands & Luxembourg, Rest of Europe)<br />

<strong>Market</strong> size, Y-O-Y growth & Opportunity <strong>Analysis</strong><br />

• Asia-Pacific (China, India, Japan, Singapore, Australia, New<br />

Zealand, Rest of Asia) <strong>Market</strong> size, Y-O-Y growth &<br />

Opportunity <strong>Analysis</strong>.<br />

• Middle East and Africa (GCC, North Africa, South Africa,<br />

Rest of Middle East and Africa) <strong>Market</strong> size, Y-O-Y growth &<br />

Opportunity <strong>Analysis</strong><br />

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<strong>Growth</strong> Drivers & Challenges<br />

Global handheld surgical devices market is primarily driven by<br />

factors such as growing number of surgical procedures across the<br />

globe on account of growing chronicle and other diseases which<br />

require further surgeries for their treatment. Moreover, growing<br />

geriatric population across the globe especially in North America<br />

region is also a major factor which is fueling the growth of global<br />

handheld surgical devices market.<br />

Additionally, high demand rate of handheld surgical devices in<br />

various fields of medical such as neurology, urology, orthopedics,<br />

Gynecology and in other surgical procedures is also a major<br />

factor which is likely to drive the growth of Global <strong>Handheld</strong><br />

<strong>Surgical</strong> <strong>Devices</strong> <strong>Market</strong> at remarkable pace in near future.<br />

Rising awareness among consumers towards healthcare and<br />

growing consumer’s affordability are some of key factors which<br />

are envisioned to propel the growth of global handheld surgical<br />

devices market in near future. Furthermore, several government<br />

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to promote healthcare sector in countries such as India and Brazil<br />

are likely to drive the growth of global handheld surgical devices<br />

market.<br />

Further, technological advancement with handheld surgical<br />

devices and development of innovative handheld surgical devices<br />

are dynamic factors behind soaring demand for handheld surgical<br />

devices. In addition to this, rising prevalence of robotic and power<br />

associated surgical devices such as high energy lithium metal oxide<br />

battery powered handheld surgical devices is also propelling the<br />

growth of global handheld surgical devices market.<br />

However, growing price ware between leading companies is a<br />

major factor which is h<strong>amp</strong>ering the growth of global handheld<br />

surgical devices market. Additionally, growing adoption of wound<br />

closure materials such as glues and fibrin sealants over handheld<br />

wound closure surgical devices is also restraining the growth of<br />

global handheld surgical devices market.<br />

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Key Players<br />

• AESCULAP<br />

• Company Overview<br />

• Key Product Offerings<br />

• Business Strategy<br />

• SWOT <strong>Analysis</strong><br />

• Financial<br />

• Moria<br />

• Pelion <strong>Surgical</strong><br />

• Elite Medical<br />

• Millennium <strong>Surgical</strong><br />

• Gsource LLC<br />

• AnatomyGuy<br />

• Medicon <strong>Surgical</strong><br />

• Sklar<br />

• <strong>Surgical</strong>Tools<br />

Scope & Context<br />

• Overview of the Parent <strong>Market</strong><br />

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• The global handheld surgical devices market is segmented as<br />

follows:<br />

• By Product <strong>Market</strong> <strong>Size</strong> & Y-O-Y <strong>Growth</strong> <strong>Analysis</strong><br />

• By Application <strong>Market</strong> <strong>Size</strong> & Y-O-Y <strong>Growth</strong> <strong>Analysis</strong><br />

• By End User <strong>Market</strong> <strong>Size</strong> & Y-O-Y <strong>Growth</strong> <strong>Analysis</strong><br />

• By Region <strong>Market</strong> <strong>Size</strong> & Y-O-Y <strong>Growth</strong> <strong>Analysis</strong><br />

<strong>Market</strong> Dynamics<br />

Supply & Demand Risk<br />

Competitive Landscape<br />

Porter’s Five Force Model<br />

Geographical Economic Activity<br />

Key Players (respective SWOT <strong>Analysis</strong>) and their Strategies and<br />

Product Portfolio<br />

Recent <strong>Trends</strong> and Developments<br />

<strong>Industry</strong> <strong>Growth</strong> Drivers and Challenges<br />

Key Information for Players to establish themselves in current<br />

dynamic environment<br />

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