Market Insights
“The handheld surgical instruments market was US$ 6.4 billion in 2024 and is expected to grow at a CAGR of 4.4%, in the long run, to reach a market size of US$ 8.7 billion in 2031.”
Market Dynamics
Introduction
Handheld surgical instruments are manually operated tools used to perform specific tasks during medical procedures. These instruments are essential for functions such as cutting, dissecting, grasping, holding, retracting, and suturing tissues. Typically made from high-grade stainless steel, they are designed to be sterile, durable, and precise. Key handheld surgical instruments are: scalpels for incision, forceps for gripping tissue or objects, scissors for cutting, hemostats for clamping the blood vessels, and needle holders for suturing. Ergonomically designed to provide comfort and control during delicate operations, handheld surgical instruments are critical in ensuring surgical precision and efficiency.
Handheld instruments may be categorized by whether they are reusable or, at least, sterilizable or, per their use, may need to be disposed of. Depending on their categories, they comprise general surgery, orthopedics, cardiovascular, and neurological surgery, and so on. This is because appropriate handling, cleaning, and care are very important to enhance the devices’ efficiency and performance, as well as to prevent the associated risks of infection. They are still important in today’s conventional and even in today’s advanced robot-assisted and minimal access surgery.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In January 2024, Stille AB acquired German instrument provider Fehling Instruments GmbH & Co. KG. Through the acquisition, Stille AB expands its product range, research and development capacity, and global presence.
- In February 2023, STERIS completed the acquisition of surgical instrumentation, laparoscopic instrumentation, and sterilization container assets from BD (Becton, Dickinson and Company).
Market Drivers:
The growth of the handheld surgical instruments market is primarily driven by the rising number of surgical procedures, an ageing population, and the increasing prevalence of chronic illnesses. Technological advancements in minimally invasive surgeries, coupled with higher healthcare expenditures, are further fueling demand. Additionally, the market is benefiting from the growing availability and preference for sterilization-compatible and highly precise instruments, the expansion of ambulatory surgical centers, and emerging healthcare infrastructures in new geographic regions.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Application-Type Analysis
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General Surgery, Orthopedic, Cardiovascular, Neurosurgery, Dental, and Other Applications
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Orthopedics is expected to remain the demand generator of the market during the forecast period.
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Product-Type Analysis
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Forceps, Scissors, Retractors, Clamps, and Other Products
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Forcep is likely to hold the dominant position in the market during the forecast period.
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End-User-Type Analysis
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Hospitals, Ambulatory Surgical Centers, Clinics, and Other End-Users
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The hospital is likely to hold the dominant position in the market during the forecast period.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to be the dominant region in the market over the next six years.
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By Application Type
“Orthopedic is estimated to remain the largest application of the market during the forecast period.”
The handheld surgical instruments market is segmented into general surgery, orthopedic, cardiovascular, neurosurgery, dental, and other applications. Orthopedic surgery is likely to maintain its dominance during the forecast period owing to the increasing incidence of musculoskeletal disorders, fractures, and sports injuries worldwide. This trend is further supported by the growing aging population, which is more susceptible to conditions requiring joint replacement and fracture repair procedures.
Orthopedic procedures typically require specialized instruments, such as bone-cutting tools, retractors, and forceps. These procedures involve the use of special equipment that includes bone-cutting instruments, a retractor, and forceps. The advancement of minimally invasive orthopedic surgeries further increases the demand for high-performance handheld instruments that provide precision and grip to enable speed, control, and recovery time.
By Product Type
“Forceps is likely to remain the dominant product of the market during the forecast period.”
The handheld surgical instruments market is bifurcated into forceps, scissors, retractors, clamps, and other products. Among these, forceps occupy a significant share, due to their higher usage in surgeries of general surgery, gynecological procedures, and orthopedic surgery. Their ability to precisely grip, manipulate, and reposition tissues or surgical objects makes them a universal tool across all medical disciplines.
The growing number of surgical procedures globally, particularly laparoscopic surgeries, has amplified the demand for instruments like forceps. Furthermore, continuous technological advancements and the availability of improved materials have enhanced the design, performance, and popularity of forceps in modern surgical practices.
By End-User Type
“Hospitals are anticipated to maintain the dominant position in the handheld surgical instruments market throughout the forecast period.”
The market is segmented into hospitals, ambulatory surgical centers, clinics, and other end-users. Hospitals represent the largest share of the handheld surgical instruments market, owing to the high volume of surgical procedures, advanced healthcare infrastructure, and the presence of skilled surgeons.
Hospitals make up the largest part of the handheld surgical instrument market thanks to their large numbers of surgeries, advanced hospital structures, and technical surgeons. Their continued investment in cutting-edge technologies – including robotic-assisted systems and advanced laparoscopic tools – further drives demand for precision instruments.
Hospitals deal with a range of conditions, from urgent needs to booked operations; hence, the demand is strong for effective, ergonomic, and fitted handheld tools.
Regional Analysis
“North America is anticipated to remain the dominant region in the handheld surgical instruments market over the next six years.”
In terms of region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest market for hand-held surgical instruments owing to its well-developed health care facilities, a large number of surgeries conducted every year, and increased health care expenditure. Additional factors contributing to market growth include the presence of key industry players, a strong inclination toward adopting advanced surgical technologies, and well-established regulatory frameworks.
Asia-Pacific is the fastest-growing region in the handheld surgical instrument market due to several key factors, including the rapidly expanding healthcare infrastructure, increasing investments in medical facilities, and rising awareness about advanced surgical procedures. The region is also witnessing a growing elderly population and a surge in chronic diseases that require surgical intervention.
Key Players
The market is highly fragmented, with the presence of over 70 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the handheld surgical instruments market.
Here is the list of the Top Players (Based on Dominance)
- Integra LifeSciences
- STERIS
- Stryker Corporation
- B. Braun Group
- KLS Martin Group
- KARL STORZ
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The handheld surgical instruments market is segmented into the following categories.
Handheld Surgical Instruments Market, by Application Type
- General Surgery (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Orthopedic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Cardiovascular (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Neurosurgery (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Dental (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Handheld Surgical Instruments Market, by Product Type
- Forceps (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Scissors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Retractors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Clamps (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Products (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Handheld Surgical Instruments Market, by End-User Type
- Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Ambulatory Surgical Centers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Clinics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other End-Users (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Handheld Surgical Instruments Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s handheld surgical instruments market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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