The global surgical forceps market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. Key factors responsible for driving market revenue growth are increasing surgical volume, rising geriatric population, surging healthcare costs, and high unmet surgical needs across the globe.
Forceps are used in a variety of medical therapies, and the healthcare sector has shown enormous vigor in addressing the rising prevalence of chronic illnesses. The healthcare sector has also exhibited introduction of various state-of-the-art equipment, including surgical forceps. Employment of surgical forceps is integral for the operation of various equipment and instruments. They are used when many objects must be held at once or when fingers are too big to grip little things. Based on their functions, basic surgical forceps are classified into sterilizing procedures, cleaning chemicals, secretions, and body fluids. They are often composed of high-quality carbon steel. Some are constructed with high-quality stainless steel alloys, such as chromium and vanadium, to ensure edge durability and rust resistance. Forceps intended for other purposes are made of lower-quality steel. Usually, disposable forceps are produced from plastics.
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Major Factors Driving Growth Of The Global Surgical Forceps Market:
The global surgical forceps market revenue growth is mostly fueled by increasing availability of high-quality forceps and biodegradability in healthcare. Healthcare professionals are working persistently to ensure that surgical operations are carried out correctly. In order to achieve this goal, surgeons have pushed healthcare organizations to purchase the highest-quality surgical forceps and instruments. Introduction of biodegradable medical equipment and instruments has put manufacturers to the test. Several healthcare businesses must develop biodegradable versions of their products. This aspect has contributed significantly to the global surgical forceps market growth.
Biodegradable forceps are expected to help healthcare organizations meet their goals. Rising R&D activities have also opened doors to commercial expansion. Surgical forceps are required for biological studies, particularly those involving specimen examination. Furthermore, trademarks are issued by governments in a variety of areas to certify the quality and trustworthiness of surgical forceps. Availability of high-quality forceps has further accelerated the global market growth.
Factors Restraining Growth Of The Global Surgical Forceps Market:
The global surgical forceps market growth is substantially hampered by several unfavorable factors. Thumb forceps can induce tissue trauma and require greater pressure to hold the tissue in place. Forceps with teeth, on the other hand, must be handled carefully to avoid tissue damage. Similarly, surgeons using hemostatic forceps should have sufficient skill, since too much force might injure the arteries, while too little force can result in ineffective blood flow control. Other risks linked to forceps include strict government regulation and reimbursement policies. Uncertainty in the regulatory framework, as well as lack of remuneration may also hamper growth.
Opportunities For Players Operating In The Global Surgical Forceps Market:
Need for advanced designs and safety features in surgical forceps from operators is likely to create new growth opportunities for the market. Also, availability of cost-effective surgical forceps and rising focus of key players on the development of unique forceps are anticipated to open up lucrative business opportunities. Furthermore, availability of both disposable and non-disposable surgical forceps would provide a choice to healthcare professionals, thereby supporting market growth in the near future.
Global Surgical Forceps Market Revenue Led By Product Type Segment:
Based on product type, the surgical forceps market is segmented into hemostatic and thumb. Out of these, the hemostatic segment is expected to reach the highest revenue share over the forecast period. The utilize different ways of locking the grasping surfaces in a closed state to assist manipulation or to independently clamp, grab, or retain an object. These surgical forceps feature fine, short points and are meant to stop bleeding & handle tiny blood veins. Versatility of these forceps in various surgeries is expected to boost growth of the segment.
Global Surgical Forceps Market Leading End-use Segment:
Based on end-use, the hospital segment is expected to dominate all other segments in terms of revenue generation over the forecast period. Increased knowledge of various diseases among patients, availability of sophisticated medical equipment, and greater focus on favorable medical outcomes are contributing to this segment\’s growth. Minimally invasive treatments are being used in hospitals to decrease postoperative problems, which are common in open operations.
North America Accounts For Largest Revenue Share In Global Surgical Forceps Market:
Among regional markets, North America emerged as the largest market for surgical forceps in 2020, with the highest revenue share. Revenue growth in the North America market is mainly attributed to the high disposable incomes, presence of significant companies, and well-established healthcare sector in the region. Furthermore, rising prevalence of cardiovascular and neurological disorders is projected to lead to an increasing number of surgical operations in North America.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
The Asia Pacific surgical forceps market is expected to register the fastest CAGR over the forecast period. Increased awareness and health concerns resulting in surgeries are driving the APAC market growth, particularly in emerging nations, such as India, China, Indonesia, and Malaysia. The region\’s strong growth rate is primarily due to increasing geriatric population. Geriatrics account for the highest percentage of the population in Japan, thereby necessitating more health-related care and attention, adding to the APAC market growth.
Major Companies Profiled In The Report:
- MedGyn Products
- Delacroix Chevalier
- Shanghai Medical Instruments
- Xinhua Surgical
- Teleflex Medical
- J and J Instruments
- Ted Pella
- Scanlan International
Strategies And Objectives Of Major Companies:
- In September 2019, Hu-Friedy, a global pioneer in dental tool manufacturing and infection control solutions, announced the launch of its new Atlas forceps range. Atlas forceps are designed with an internal hinge to offer more strength, control, and flexibility, thereby allowing physicians to conduct even the most difficult extractions with ease and precision.
- NCBI recently published a review that Episiotomy procedure has become a popular way to decrease cuts and tears during birth. In the next few years, the new research study is likely to send shockwaves throughout the global surgical forceps industry.
- The creation of specialized surgical forceps for performing biopsies has resulted in growing frequency of many forms of malignancies. As specialized forceps improve the accuracy of prediction during biopsies, this practice has gained traction. As a result, it will be fascinating to observe how the market grows with the introduction of specialized forceps in the healthcare industry.
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This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, global surgical forceps market is segmented on the basis of product type, disposal, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
Disposal Outlook (Revenue, USD Billion; 2023-2032)
- Non- disposable
Application Outlook (Revenue, USD Billion; 2023-2032)
- General surgery
- Plastic surgery
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Specialty Clinics
- Ambulatory Surgical Centers
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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