Surgical Pliers Market by Type and Geography - Forecast and Analysis 2022-2026

The surgical plier's market share is expected to increase by USD 144.28 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.3%.

This surgical plier 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 surgical plier market segmentation by type (disposable and reusable) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The surgical plier market report also offers information on several market vendors, 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, and Vital Surgical Technologies LLC among others.

What will the Surgical plier Market Size be During the Forecast Period?

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Surgical plier Market: Key Drivers, Trends, and Challenges

The increasing number of hospitals and surgical centers is notably driving the surgical plier market growth, although factors such as intense competition between vendors leading to pricing pressure 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 surgical plier industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Surgical plier Market Driver

The increasing number of hospitals and surgical centers is one of the drivers impacting the surgical plier market growth. In both developed and developing countries, the number of hospitals and surgical centers is growing. Due to the growing patient population, different types of healthcare equipment are in great demand in these newly constructed surgical centers and hospitals. Developing countries like India and China have seen tremendous advancements in their healthcare infrastructure during the previous decade. As of January 2022, nineteen branches of the All India Institute of Medical Sciences (AIIMS) are operating across India, and five more are expected to open by 2025. The global surgical plier market is likely to benefit from the large increase in the number of hospitals and surgical centers worldwide, as these are the primary end-users of surgical pliers. Thus, the rise in the number of hospitals and surgical centers will contribute to the growth of the global surgical plier market during the forecast period.

Key Surgical plier Market Trend

An increase in the number of medical procedures such as surgeries is one of the trends influencing the surgical plier market growth. The increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger a rise in the number of surgical procedures, thereby increasing the demand for surgical pliers and subsequently driving the growth of the global surgical plier market during the forecast period. Also, rapid aging in many countries, both developed and developing, will lead to the increased prevalence of chronic diseases like cancer and heart diseases. The Canadian Cancer Society reports that by 2030, there will likely be a 40% increase in the number of new cancer cases in Canada. Canada was expected to observe 233,900 new cases of cancer and 85,100 cancer-related deaths in 2022, as per researchers. The prevalence of cardiovascular diseases and cancer is rising globally. Also, the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will augment the demand for surgical pliers during the forecast period.

Key Surgical plier Market Challenge

Intense competition between vendors leads to pricing pressure is one of the challenges impeding the surgical plier market growth. Local vendors offer products at lower costs when compared with global vendors. Hence, end-users have several options to choose from. However, end-users in developing countries have low purchasing power as well as limited awareness about new products launched in the market. Therefore, they prefer local vendors due to better after-sales support, which compels global vendors to reduce the cost of their products also. Furthermore, the global vendors make significant investments in marketing and promotional activities to increase their profit margins. However, the intense competition between global and local vendors has led to price wars, which again compels global vendors to reduce the average selling prices of their products. Vendors also offer discounts, which increases the competitive intensity in the market. Hence, due to all the above factors, the key vendors are operating on low-profit margins. This intense competition between vendors along with competitive pricing pressures could adversely affect the growth of the global surgical plier market during the forecast period.

This surgical plier 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 surgical plier market as a part of the global healthcare equipment 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 surgical plier market during the forecast period.

Who are the Major Surgical plier Market Vendors?

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

 

This statistical study of the surgical plier market encompasses successful business strategies deployed by the key vendors. The surgical plier market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.

Product Insights and News

• blacksmithsurgical.com - The company offers surgical plier such as bone rongeur, bayer bone rongeur and ruskin bone rongeur.

To make the most of the opportunities and recover from 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 surgical plier 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.

Surgical plier Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the surgical plier 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 the Surgical plier Market?

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43% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the surgical plier market in North America. Market growth in this region will be faster than the growth of the market in regions.

The rising prevalence of chronic diseases such as cancer; technological advancements; the expanding number of awareness programs regarding the early diagnosis of diseases; and the high spending on healthcare will facilitate the surgical plier 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

The COVID-19 pandemic in 2020 hurt the surgical plier market in North America. Manufacturers faced supply chain disruptions due to labor and raw material shortages. The shutdowns that were implemented due to COVID-19 adversely impacted the production and distribution activities of surgical plier manufacturers. However, in 2021, the demand for surgical pliers rebounded as manufacturing units for surgical pliers reopened and resumed their normal operations

What are the Revenue-generating Type Segments in the Surgical plier Market?

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The surgical plier market share growth in the disposable segment will be significant during the forecast period. As these are pre-sterilized instruments, it eliminates the need for costly or time-consuming decontamination processes, which helps healthcare facilities save money. In any healthcare facility, one of the top responsibilities is to prevent infection and the spread of diseases.

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

 

Surgical plier Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.3%
Market growth 2022-2026	$ 144.28 million
Market structure	Fragmented
YoY growth (%)	3.7
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 43%
Key consumer countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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, and Vital Surgical Technologies LLC
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 Surgical plier Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive surgical plier market growth during the next five years
• Precise estimation of the surgical plier market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the surgical plier 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 surgical plier market vendors

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