According to FutureWise analysis the market for handheld surgical devices in 2023 is US$ 14.27 billion, and is expected to reach US$ 31.35 billion by 2031 at a CAGR of 10.34%.
Handheld surgical equipment, as the name implies, are meant to be held in the hand during surgery. Scalpels, knives, scissors, bone cutters, punches, curettes, snares, blunt dissectors, and other surgical devices are among the several types of handheld surgical devices available. Furthermore, these handheld surgical equipment are employed for cutting, coagulating, desiccating, and fulgurating bodily tissues during surgical procedures. Furthermore, technological developments in handheld surgical equipment, such as high-energy lithium metal oxide battery-powered handheld surgical devices, are becoming increasingly popular. In disciplines including neurology, urology, orthopaedics, gynaecology, and other surgical procedures, handheld devices have a wide range of applications. The global handheld surgical devices market is largely driven by factors such as an increase in the number of surgical procedures performed around the world as a result of an increase in chronic and other diseases that necessitate additional surgeries for treatment.
Furthermore, the expanding geriatric population around the world, particularly in North America, is a prominent factor driving the worldwide handheld surgical instruments market forward. Furthermore, the rising demand for handheld surgical devices in various medical areas such as neurology, urology, orthopaedics, gynaecology, and other surgical procedures is a major driver that is expected to propel the worldwide handheld surgical devices market forward at a rapid rate in the near future.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Handheld Surgical Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Handheld Surgical Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.