Global Open Surgery Instruments Market, By Product (Scalpel, Scissors, Forceps, Clamps, Needles and Suture, Retractors, Suction, Staplers and Clips, Energy Systems, Laparoscopic Instruments), Application (Cardiothoracic Surgery, Urologic Surgery, Orthopaedic Surgery, Robot Assisted Surgery), End User (Hospitals, Ambulatory Surgery Centers and Clinics)– Industry Trends and Forecast to 2029
Open Surgery Instruments Market Analysis and Size
The market is expected to grow at a high CAGR during the forecast period. Surgical instruments are in high demand due to increased number of surgeries and increasing stringency towards quality of treatment being given by healthcare centers. According to WHO, it estimates that 235 million major surgical procedures are carried out annually around the globe. The world's increasingly ageing population and the rise in chronic disease prevalence are both factors that contribute to the rising number of surgeries.
Data Bridge Market Research analyses that the open surgery instruments market which was USD 60.24 billion in 2021, would rocket up to USD 94.00 billion by 2029, and is expected to undergo a CAGR of 5.72% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Scalpel, Scissors, Forceps, Clamps, Needles and Suture, Retractors, Suction, Staplers and Clips, Energy Systems, Laparoscopic Instruments), Application (Cardiothoracic Surgery, Urologic Surgery, Orthopaedic Surgery, Robot Assisted Surgery), End User (Hospitals, Ambulatory Surgery Centers and Clinics)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Johnson and Johnson Private Limited (U.S.), BD (U.S.), B. Braun Melsungen AG (Germany), Hill-Rom Services Inc. (U.S.), Medtronic (Ireland), Swann-Morton Ltd. (U.S.), Kai Industries Co., Ltd. (Japan), Zimmer Biomet (U.S.), KLS Martin Group (Germany), SteriLance Medical (Suzhou) Inc. (China), Huaiyin Medical Instruments Co.,Ltd (China), Integra LifeSciences (U.S.), Smith & Nephew (U.S.), Aspen Surgical (U.S.), CooperSurgical Inc. (U.S.), Thompson Surgical Instruments Inc. (U.S.)
Surgical instruments are tools or devices that are specifically created for carrying out particular tasks or achieving desired results during a surgery or operation, such as changing biological tissue or enabling access to observe it. Surgical equipment is primarily categorised according to the type of surgery and how it will be used. They can be divided into six categories: measuring instruments, suturing or stapling instruments, grasping, holding, and clamping instruments, retracting and exposing instruments, suctioning and aspirating instruments, dilating and probing instruments, and instruments for cutting, incising, or dissecting.
Open Surgery Instruments Market Dynamics
- Increasing number of surgeries
Growing number of surgeries performed across the globe, increasing preferences towards minimally invasive surgery rather than traditional ones, increasing adoption of advanced technology are some of the factors which enhance the growth of the market.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of open surgery instruments market is the rising healthcare expenditure, which helps improve its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, which will further influence the market dynamics.
- Rise in the geriatric population
The rising prevalence rates of lifestyle disorders like rising health-care spending, and the fast-growing diagnostic industry are driving the worldwide open surgery instruments market expansion. In addition, the growing elderly population, increased demand for laboratory automation, and more awareness of preventative healthcare are all driving the open surgery instruments market forward.
The open surgery instruments market's growth is fuelled by prevalence of funds from government sector along with rising applications form emerging economies. This will provide beneficial opportunities for the open surgery instruments market growth.
Moreover, increase in the number of emerging markets and new product launches will further provide beneficial opportunities for the open surgery instruments market growth during the forecast period.
On the other hand, the lack of reimbursement policies of the insurance companies along with uncertain regulatory framework will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the open surgery instruments market.
This open surgery instruments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the open surgery instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Open Surgery Instruments Market
Due to hospital and clinic postponements of surgical services to halt the transmission of the COVID-19 virus, the global COVID-19 outbreak and the lockdown scenario in some countries have provided a challenge for the open surgery instruments market. For instance, the QEII Health Sciences Centre in Nova Scotia made the decision in April 2022 to postpone the majority of optional and non-urgent surgeries because of an increase in the quantity and severity of COVID-19 patients being treated there. On the other side, the COVID Catch-Up Plan's objective is to boost capacity to 125 percent by 2023, with 40,000 more operations planned for that year. In May 2020, a study titled "Elective surgery cancellations due to the COVID-19 pandemic: global predictive modelling to inform surgical recovery plans" was published in the British Journal of Surgery. Based on a 12-week period of peak COVID-19-related hospital service disruption, the study estimated that approximately 28.4 million elective surgeries were postponed or cancelled globally in 2020. Due to the COVID-19 pandemic, more than 580,000 scheduled procedures in India had to be postponed or cancelled. As a result, COVID-19 has had a little effect on market expansion.
- In April 2022, At the Nephro-Urology facilities in Bengaluru, the Versius Robotic surgical system, a new era, was introduced.
- In April 2021, The Dolphin Sutures Company added non-absorbable polytetrafluoroethylene sutures, or "TEFLENE," to their line of products in India. It is a monofilament, non-absorbable suture made of a polytetrafluoroethylene strand (PTFE).
- In March 2021, the FDA approved the StitchKit robotic platform technology from Origami Surgical Inc., which includes three new devices.
Global Open Surgery Instruments Market Scope
The open surgery instruments market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Needles and Suture
- Staplers and Clips
- Energy Systems
- Laparoscopic Instruments
- Cardiothoracic Surgery
- Urologic Surgery
- Orthopaedic Surgery
- Robot Assisted Surgery
- Ambulatory Surgery Centers
Open Surgery Instruments Market Regional Analysis/Insights
The open surgery instruments market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the open surgery instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the open surgery instruments market due to the growing number of surgical centres along with adoption of minimally invasive surgeries.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing awareness among the physicians and technicians regarding the benefits of modern surgical instruments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The open surgery instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for open surgery instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the open surgery instruments market. The data is available for historic period 2010-2020.
Competitive Landscape and Open Surgery Instruments Market Share Analysis
The open surgery instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to open surgery instruments market.
Some of the major players operating in the open surgery instruments market are:
- Johnson and Johnson Private Limited (U.S.)
- BD (U.S.)
- B. Braun Melsungen AG (Germany)
- Hill-Rom Services Inc. (U.S.)
- Medtronic (Ireland)
- Swann-Morton Ltd. (U.S.)
- Kai Industries Co., Ltd. (Japan)
- Zimmer Biomet (U.S.)
- KLS Martin Group (Germany)
- SteriLance Medical (Suzhou) Inc. (China)
- Huaiyin Medical Instruments Co.,Ltd (China)
- Integra LifeSciences (U.S.)
- Smith+Nephew (U.S.)
- Aspen Surgical (U.S.)
- CooperSurgical Inc. (U.S.)
- Thompson Surgical Instruments Inc. (U.S.)