Bipolar Forceps Market by Type and Geography - Forecast and Analysis 2022-2026

The bipolar forceps market share is expected to increase by USD 250.2 million from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 5.1%.

This bipolar forceps market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bipolar forceps market segmentation by type (disposable bipolar forceps and reusable bipolar forceps) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The bipolar forceps market report also offers information on several market vendors, including ASICO LLC, B. Braun SE, Becton Dickinson and Co., BOWA Electronic GmbH and Co. KG, Conmed Corp., Erbe Elektromedizin GmbH, Faulhaber Pinzetten OHG, Gebruder Martin GmbH and Co. KG, Gunter Bissinger Medizintechnik GmbH, Integra Lifesciences Holdings Corp., Johnson and Johnson, Medtronic Plc, OPHMED CO. LTD, Opmic Perkasa Mandiri. PT, P.W. Coole and Son Ltd, Stingray Surgical Products LLC, Stryker Corp., Sutter Medizintechnik GmbH, Symmetry Surgical Inc., and Teleflex Inc. among others.

What will the Bipolar Forceps Market Size be During the Forecast Period?

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Bipolar Forceps Market: Key Drivers, Trends, and Challenges

The increase in the volume of surgeries coupled with chronic diseases and the older population is notably driving the bipolar forceps market growth, although factors such as lack of skilled expertise may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bipolar forceps market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bipolar Forceps Market Driver

An increase in the volume of surgeries coupled with chronic diseases and the older population is one of the major drivers impacting the bipolar forceps market growth. Surgical care is essential to manage diverse healthcare conditions, such as orthopedic, ENT, thoracic, and many other chronic disease conditions. With the increase in the number of surgeries, the demand for surgical instruments, including bipolar forceps, also increases. Furthermore, the prevalence of chronic diseases and obesity coupled with the older population will also have a positive impact on the market growth during the forecast period. Delicate surgeries, such as the spine, neuro, and cranial, require complex advanced instruments with high precision and reliability. Furthermore, surgical instruments, including bipolar forceps, are used for cardiac surgery, cesareans, and bariatric surgeries. Thus, the rising number of the target population with chronic diseases requiring surgeries as a better treatment option will increase the demand for bipolar forces, thereby contributing to market growth. Thus, the presence of a large patient pool with chronic disorders leads to a significant increase in the demand for bipolar forces for diagnosis and treatment, thereby contributing to the growth of the market focus during the forecast period.

Key Bipolar Forceps Market Trend

Online sales is one of the major trends influencing bipolar forceps market growth. Vendors have been increasing their online marketing and promotional activities to improve the accessibility of their products and increase sales. Online marketing allows vendors to reduce setup, distribution, and operational costs. Many small and large vendors, such as Amazon, Collateral Medical, Surgical Shop, MedicalExpo, and IndiaMART, sell medical disposables online. They also provide discounts and promotional offers, which increase the adoption of online platforms. Manufacturers such as Armstrong Medical and MedPlus sell disposable devices through online platforms where consumers can purchase products at their convenience. This is a significant advantage for people who need products delivered to their homes, especially people receiving post-operative care. Hence, the advent of online platforms that sell healthcare products will increase the adoption of bipolar forces during the forecast period.

Key Bipolar Forceps Market Challenge

Lack of skilled expertise is one of the major challenges impeding the bipolar forceps market growth. Surgical training is changing with time and is challenged by ethical and legal concerns for patient safety. Patients believe in the surgeons' efficiency in performing surgical procedures and consider them technically competent. Currently, both developed and developing economies, such as the US, Canada, India, Brazil, and Iran, are experiencing a severe shortage of highly skilled surgeons, physicians, and technicians. Most developing nations are facing a physician workforce deficit for surgical specialties. This is due to an increase in the number of experienced healthcare professionals who are nearing retirement. The unavailability of qualified laboratory personnel and surgeons will increase the complications and risks during surgeries.

This bipolar forceps market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bipolar forceps market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bipolar forceps market during the forecast period.

Who are the Major Bipolar Forceps Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• ASICO LLC
• B. Braun SE
• Becton Dickinson and Co.
• BOWA Electronic GmbH and Co. KG
• Conmed Corp.
• Erbe Elektromedizin GmbH
• Faulhaber Pinzetten OHG
• Gebruder Martin GmbH and Co. KG
• Gunter Bissinger Medizintechnik GmbH
• Integra Lifesciences Holdings Corp.
• Johnson and Johnson
• Medtronic Plc
• OPHMED CO. LTD
• Opmic Perkasa Mandiri. PT
• P.W. Coole and Son Ltd
• Stingray Surgical Products LLC
• Stryker Corp.
• Sutter Medizintechnik GmbH
• Symmetry Surgical Inc.
• Teleflex Inc.

 

This statistical study of the bipolar forceps market encompasses successful business strategies deployed by the key vendors. The bipolar forceps market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• bbraun.com - The company offers bipolar forceps such as MIV Pivot Point Forceps and Special Bipolar Forceps.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bipolar forceps market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bipolar Forceps Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bipolar forceps market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bipolar Forceps Market?

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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for bipolar forceps market in North America. Market growth in this region will be faster than the growth of the market in other regions.

An increasingly older population coupled with chronic diseases and an increase in the volume of surgeries will facilitate the bipolar forceps market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In early 2020, the outbreak of COVID-19 in the region led to a halt in the operations of units manufacturing surgical instruments, including bipolar forceps. People stopped availing of surgical treatments for disorders, such as orthopedics, to avoid physical contact, which restricted the production and use of bipolar forceps and negatively impacted the growth of the bipolar forceps market in the region. Restrictions on medical tourism also hurt the regional bipolar forceps market. 

What are the Revenue-generating Type Segments in the Bipolar Forceps Market?

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The bipolar forceps market share growth in the disposable bipolar forceps segment will be significant during the forecast period. Disposable bipolar forceps are sterile single-use tools that are typically made of stainless steel. Disposable bipolar forceps reduce the need for autoclaving and reprocessing, as well as repair and recurrent handling, and are cost-effective devices.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bipolar forceps market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Bipolar Forceps Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 5.1%
Market growth 2022-2026	$ 250.2 million
Market structure	Fragmented
YoY growth (%)	5.65
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 39%
Key consumer countries	US, Germany, UK, China, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ASICO LLC, B. Braun SE, Becton Dickinson, and Co., BOWA Electronic GmbH and Co. KG, Conmed Corp., Erbe Elektromedizin GmbH, Faulhaber Pinzetten OHG, Gebruder Martin GmbH and Co. KG, Gunter Bissinger Medizintechnik GmbH, Integra Lifesciences Holdings Corp., Johnson and Johnson, Medtronic Plc, OPHMED CO. LTD, Opmic Perkasa Mandiri. PT, P.W. Coole and Son Ltd, Stingray Surgical Products LLC, Stryker Corp., Sutter Medizintechnik GmbH, Symmetry Surgical Inc., and Teleflex Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bipolar Forceps Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive bipolar forceps market growth during the next five years
• Precise estimation of the bipolar forceps market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bipolar forceps industry across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bipolar forceps market vendors

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