Surgical Pliers Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Surgical Pliers Market Size 2024-2028

The surgical pliers market size is forecast to increase by USD 151.8 million at a CAGR of 4.5% between 2023 and 2028.

• The market is witnessing significant growth due to several key factors. The increasing number of hospitals and surgical centers, as well as the rise in the number of medical procedures such as surgeries, are driving market growth. Furthermore, intense competition among companies is leading to pricing pressure. These trends are expected to continue, making the market an attractive investment opportunity. Technological innovation is transforming the market, with the integration of augmented reality and virtual reality technologies. Additionally, advancements in technology are leading to the development of innovative surgical pliers with improved functionality and ergonomics, catering to the evolving needs of healthcare professionals. Overall, the market is poised for steady growth in the coming years.

What will be the Size of the Surgical Pliers Market During the Forecast Period?

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• The market encompasses a range of specialized instruments used in various surgical procedures across chronic diseases, accidents, and injuries. These pliers cater to diverse applications, including clamping and occluding, dissecting and cutting, and holding and grasping, in both hospitals and ambulatory surgical centers. The global market for surgical pliers is driven by the increasing number of surgical procedures due to an aging population and rising healthcare expenditure. Disposable pliers are gaining popularity due to infection control and patient safety concerns, while reusable pliers continue to be in demand due to their cost-effectiveness. Strategic collaborations among market players and the adoption of evidence-based surgical practices further fuel market growth.
• The market is also influenced by factors such as personalized surgical procedures, medical tourism, and the integration of technologies like augmented reality to enhance surgical precision. The environmental impact of surgical pliers production and disposal is a growing concern, and efforts are being made to reduce waste and promote sustainable manufacturing practices.

How is this Surgical Pliers Industry segmented and which is the largest segment?

The surgical pliers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Disposable
  • Reusable
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
  • Rest of World (ROW)

By Type Insights

• The disposable segment is estimated to witness significant growth during the forecast period.

Disposable surgical pliers are essential instruments in healthcare facilities, designed for single-use and eliminating the need for sterilization or maintenance. These pliers ensure the highest level of patient safety and infection control, as each new pair is used for each procedure and discarded afterward. Healthcare facilities benefit from the cost savings associated with the elimination of costly and time-consuming decontamination processes. In the context of chronic diseases, accidents, and injuries, surgical centers, and the aging population, the demand for disposable surgical pliers is significant. Applications include holding and grasping, dissecting and cutting, and clamping and occluding during various surgical procedures, such as cardiovascular diseases, cancer, diabetes, and elective cosmetic surgeries.

Strategic collaborations between healthcare professionals and instrument manufacturers are essential to meet the demands of hospitals, ambulatory surgical centers, and geriatric populations. With the increasing focus on evidence-based surgical practices, personalized surgical procedures, and technological innovation, the market for surgical pliers continues to grow. Additionally, eco-friendly surgical tools and minimally invasive surgery are gaining popularity, further driving demand. Surgical complications, such as nosocomial infections and surgical site infections, remain a concern, emphasizing the importance of quality assurance and product categories, including reusable and disposable surgical equipment.

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The Disposable segment was valued at USD 323.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 45% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market holds a significant share in the global market due to the region's advanced healthcare infrastructure and high healthcare expenditure. Chronic diseases, such as cancer and neurological disorders, are prevalent in North America, leading to a substantial demand for surgical pliers in various procedures, including dissecting, holding, grasping, and bone cutting. Technological innovations, including electrosurgical devices and minimally invasive surgery instruments, are driving market growth. Hospitals and ambulatory surgical centers are the primary end-users, catering to the geriatric population and patients requiring personalized surgical procedures. Surgical pliers applications extend to cardiovascular diseases, diabetes, and elective cosmetic surgeries.

Strategic collaborations among market players and the adoption of evidence-based surgical practices further boost market growth. Infection control and patient safety are crucial concerns, driving the demand for eco-friendly surgical tools. The aging population, healthcare access, and precision incisions are other significant factors influencing the market dynamics.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Surgical Pliers Industry?

Increasing number of hospitals and surgical centers is the key driver of the market.

• In both developed and developing countries, the expansion of healthcare infrastructure, including hospitals and surgical centers, continues to drive demand for various medical equipment. Developing nations like India and China have experienced significant advancements in their healthcare infrastructure over the past decade. Surgical pliers, a crucial surgical instrument, find extensive applications in various surgical procedures, including chronic diseases, accidents and injuries, and elective cosmetic surgeries. These pliers are essential for clamping and occluding, dissecting and cutting, holding and grasping, and other surgical tasks.
• The aging population, with its increased susceptibility to age-related conditions like cardiovascular diseases, cancer, diabetes, and neurosurgery, further boosts the demand for surgical pliers. Healthcare expenditure continues to rise due to the increasing burden of chronic diseases and the need for minimally invasive surgeries. Environmental impact and patient safety are significant concerns in the market. Manufacturers focus on technological innovation to develop eco-friendly surgical tools and ensure infection control. Strategic collaborations and evidence-based surgical practices are essential for targeting the healthcare professional audience. Surgical complications, healthcare access, precision incisions, tissue dissection, bone cutting, and monitoring devices are other critical factors influencing the market dynamics.

What are the market trends shaping the Surgical Pliers Industry?

Increase in a number of medical procedures such as surgeries is the upcoming market trend.

• The market has experienced significant growth due to the increasing number of surgical procedures performed annually. Approximately 310 million major surgical procedures are conducted worldwide, with around 40-50 million in the US and 20 million in Europe. Factors driving this trend include the rising prevalence of chronic diseases, such as cancer, cardiovascular diseases, and neurological conditions, which necessitate surgical interventions. Additionally, the aging population and the increasing incidence of accidents and injuries contribute to the demand for surgical pliers. These instruments are essential in various surgical procedures, including dissecting and cutting, holding and grasping, and clamping and occluding.
• Surgical centers, hospitals, and ambulatory surgical centers are key end-users of surgical pliers. The market is segmented into disposable and reusable surgical pliers, with disposable pliers gaining popularity due to their single-use advantage and infection control benefits. Technological innovation continues to shape the market, with eco-friendly surgical tools and evidence-based surgical practices becoming increasingly important. Strategic collaborations and product development are key strategies adopted by market players to expand their offerings and cater to the diverse needs of their target audience, which includes healthcare professionals and patients with age-related conditions. The market's growth is further fueled by the increasing healthcare expenditure, medical tourism, and the trend towards minimally invasive surgery.

What challenges does the Surgical Pliers Industry face during its growth?

Intense competition between companies leading to pricing pressure is a key challenge affecting the industry growth.

• The market encompasses various applications in surgical procedures for chronic diseases, accidents and injuries, and elective cosmetic surgeries. Surgical centers, including hospitals and ambulatory surgical centers, are significant end-users. Surgical pliers serve diverse functions, such as clamping and occluding, dissecting and cutting, holding and grasping. The geriatric population, with age-related conditions, drives market growth due to increased healthcare expenditure. Environmental impact is a critical consideration, leading to the demand for eco-friendly surgical tools. Strategic collaborations among healthcare professionals and companies promote evidence-based surgical practices and personalized procedures. Technological innovation in surgical instruments, diagnostic tools, monitoring devices, electrosurgical devices, and laparoscopic instruments is transforming the market.
• Market dynamics include patient safety and infection control, medical tourism, and minimally invasive surgery. Cardiovascular diseases, cancer, and diabetes are primary indications. Healthcare access, precision incisions, tissue dissection, bone cutting, and surgical complications are essential considerations. Reusable and disposable surgical pliers cater to different market segments, with reusable equipment offering cost advantages for hospitals and ambulatory surgical centers. End-users prioritize quality assurance and product categories such as neurosurgery, orthopedic surgery, and laparoscopic instruments. The market faces challenges from nosocomial infections and the need for quality control. The aging population's increasing need for surgical procedures necessitates continuous innovation in surgical pliers.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• B.Braun SE
• Becton Dickinson and Co.
• Blacksmith Surgical
• DTR Medical Ltd.
• Eurotek Surgical Co.
• Fine Science Tools Inc.
• gSource LLC
• Integra LifeSciences Holdings Corp.
• Kalelker Surgicals
• Kapp Surgical Instrument Inc.
• Karl Schumacher Dental LLC
• Medtronic PLC
• Millennium Surgical Corp.
• Novartis AG
• Novo Surgical Inc.
• Peters Surgical
• SIM Surgical Inc.
• Sklar Surgical Instruments
• STERIS plc
• Vital Surgical Technologies LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a range of instruments designed for various applications in surgical procedures. These tools play a crucial role in clamping, occluding, dissecting, cutting, holding, and grasping during surgeries. Surgical pliers are employed in hospitals and ambulatory surgical centers to address chronic diseases, accidents, and injuries. The market is driven by the increasing prevalence of age-related conditions, such as cardiovascular diseases, cancer, and diabetes. The geriatric population's growing need for surgical interventions is a significant factor fueling market growth. Healthcare expenditure and healthcare services are another key factor contributing to the market's expansion. Surgical pliers are available in both reusable and disposable forms.

Moreover, reusable surgical pliers undergo sterilization processes to ensure patient safety and infection control. Disposable surgical pliers, on the other hand, are used once and then discarded, reducing the risk of cross-contamination. Environmental impact is a growing concern in the market, leading to the development of eco-friendly surgical tools. Strategic collaborations between industry players and healthcare institutions are also on the rise, aimed at improving patient outcomes and reducing healthcare access barriers. These advancements enable more precise incisions, tissue dissection, and bone cutting, leading to better surgical outcomes.

Furthermore, minimally invasive surgery is another trend gaining traction in the market. This approach allows for smaller incisions, reduced trauma, and faster recovery times. Electrosurgical devices, laparoscopic instruments, and endoscopes are some of the key tools used in minimally invasive procedures. Healthcare professionals rely on surgical pliers for various applications, including neurosurgery, orthopedic surgery, and elective cosmetic surgeries. The use of surgical pliers in diagnostic tools and monitoring devices is also increasing, enabling early detection and intervention in various conditions. The market is subject to several challenges, including surgical complications, nosocomial infections, and quality assurance. Ensuring product categories meet regulatory requirements and maintaining high-quality standards are essential for market success.

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What are the Key Data Covered in this Surgical Pliers Market Research and Growth Report?

• CAGR of the industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the market growth of industry companies

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