Micro forceps refers to surgical instrument with a pair of forceps, and consists of high-quality carbon steel to ensure high sustainability in terms of autoclaves at high-temperature during sterilization. Micro forceps are mechanical instruments that are held in the hand and used to remove physical material from wounds like as fragments and bullets. Micro forceps are the smallest variant of forceps used in procedures involving heart and vascular disorders.
Key factor driving revenue growth of the global micro forceps market include increasing number of operation and surgical procedures. In addition, investments by government of various countries in development of advanced healthcare facilities, increasing healthcare expenditure, growing global geriatric population, and growing adoption of minimally invasive surgeries are some other major factors expected to drive revenue growth of the global micro forceps market.
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Stringent government regulations in various countries across the globe on manufacturing of the product and robust competition between manufactures are some of the major factors that could hamper growth of the global micro forceps market to some extent.
The micro forceps market is segmented region-wise into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific micro forceps market is expected to register the highest revenue growth rate during the forecast period, due to increasing number of medical facilities, geriatrics, availability of technologically-advanced devices and rising number of surgical operations conducted in countries in the region.
North America micro forceps market is expected to account for the largest revenue share in the global market in 2020. This can be attributed to increasing technological innovations by major players such as innovative and advanced surgical techniques, and rising healthcare awareness, and development of innovative and less complicated surgical technologies.
Braun Melsungen AG (Germany), ZEISS International (Germany), Danaher Corporation (US), Beaver-Visitec International Inc. (US), Global Surgical Corporation (US), Haag-Streit Surgical (Germany), KLS Martin Group (Germany), Microsurgery Instruments (US), Novartis AG (Switzerland), Olympus Corporation (Japan), Scanlan International (US), Stille (Sweden), and Topcon Corporation (Japan) are some of the major micro forceps manufacturers covered in the report.
COVID 19 Impact Analysis
- The global micro forceps market report offers information and expansive coverage of the current scenario in the market, including impact and changes resulting from the COVID-19 pandemic and emergence of variants of the virus.
- The virus outbreak and social distancing norms and restrictions severely disrupted the overall business landscape and operations worldwide.
- Both negative and positive impacts of the COVID-19 pandemic have been analyzed and details provided in the report.
- COVID-19 pandemic and lockdowns have resulted in several countries shutting down airports, ports, and commercial and domestic transportation. This had impacted manufacturing activities and operations globally and took a toll on the economy of various countries.
- Complete country-wide lockdowns and partial lockdowns had major impact on demand-side and supply-side on the manufacturing sector.
- Sudden and drastic downturn in economic activity caused a slowdown in production and also resulted in employment loss to a major extent.
- Supply impacts were further compounded due to challenges on the demand-side owing to reduced disposable income, depleting savings, and increased concerns and uncertainties.
- The initial impact of the second wave hit small businesses and retailers the hardest owing to liquidity crunches and stretched working capital.
- Healthcare infrastructure also bore major brunt of the results as systemic issues resulted in inability to accommodate patients and shortage of crucial supplies and medical equipment.
- Companies continue to maintain stringent safety regulations and social distancing norms, and the restrictions on number of workers and personnel allowed to work on work floors and office and factory settings etc., at any given time continues to cause ripple effects across various industries and sectors.
- Emergence of variants of the virus and rise in infection rates during the initial waves and subsequent lockdowns has severely impacted operations and disrupted supply chains.
- Companies are making robust and urgent attempts to get accustomed to restrictions and need to deploy more stringent safety measures for workforce and personnel and to manage operations in a ‘new normal’ currently.
- Revenues have been impacted significantly across sectors and industries, and across all major and developing economies, and companies continue to deploy various strategies and focus on managing core tasks as the challenge continues on a global scale.
- Experts are yet to ascertain whether the situation and challenges will clear up or continue indefinitely, but emergence of new variants and potential outbreaks are expected to remain on the horizon for a few more years.
For the purpose of this report have segmented the global micro forceps market on the basis of type, end use, and region:
Type Outlook (Revenue, USD Billion; 2023–2032)
- 15CM Micro Forceps
- 18CM Micro Forceps
- 20CM Micro Forceps
- Others (including 25CM Micro Forceps, etc.)
End Use Outlook (Revenue, USD Billion; 2023–2032)
- Specialty Clinics
- Ambulatory Surgical Centers (ASCs)
- Others (including research labs, etc.)
Regional Outlook (Revenue, USD Billion; 2023–2032)
- North America
- Rest of Europe
- Asia Pacific
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
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