Surgical Pliers Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Surgical Pliers Market Analysis
The surgical pliers market is anticipated to register a CAGR of nearly 4.9%, during the forecast period.
- Certain factors that are driving the market growth include the increasing number of surgeries and rising healthcare expenditure.
- The growing burden of diseases and innovative medical treatments account for nearly two-thirds of the rise in spending. Spending on healthcare in countries, such as China and India, is expected to increase during the forecast period.
- According to a report by the World Economic Forum, it is estimated that one-third of all global health expenditure will be incurred by emerging economies, by 2022. Certain investments in the healthcare sector offer attractive long-term financial benefits. Medical care is one such area in which individuals tend to increase spending as incomes grow.
- The healthcare industry has been growing rapidly in BRICS (Brazil, Russia, India, China, and South Africa). In 2014, the healthcare market in BRIC countries was capitalized at more than USD 850 billion, at a compound rate of 9.1%, which is significantly greater than the aggregate GDP growth rate of those countries. Such factors potentially drive the demand for surgical pliers' adoption across the world.
Surgical Pliers Market Trends
This section covers the major market trends shaping the Surgical Pliers Market according to our research experts:
Ambulatory Surgical Centers Show Lucrative Opportunity in the Market
- Ambulatory care or outpatient care is medical care that is provided on an outpatient basis. The prevalence of chronic diseases is increasing across the world, due to the rapidly aging population and greater longevity of people with chronic conditions, eventually leading to tremendous pressure on the healthcare system across the world. Since surgery addresses a broad spectrum of conditions that incur large social, economic, and health burdens, it is an indivisible and indispensable part of health systems. Throughout the past few decades, surgery has been increasingly prioritized by the global health community or governments even in low- and middle-income countries. As a result, the number of surgical procedures has risen significantly, to address the global disease burden, thus leading to a rise in the utilization and adoption of surgical pliers.
- Over the past few years, with the move to value-based care, hospitals and healthcare systems are facing extreme competition from ambulatory service sites, particularly those which offer physician office-based procedures and ambulatory surgery. Gaining in popularity across the globe, ambulatory surgery centers (ASCs) provide both operational and economic efficiencies, enabling ease of patient access, very competitive pricing, and increased opportunities for physician engagement. Thus, with the increasing number of surgeries, the surgical pliers market is expected to grow in the future.
North America Dominates the Market
North America is expected to dominate the overall market throughout the forecast period. In the North American region, the United States holds the largest market share, and this is due to better regulations of surgical devices and growing awareness among the population to approach for such procedures in case of injuries and chronic disease problems. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market.
Surgical Pliers Industry Overview
The global surgical pliers market is competitive and consists of a number of major players. Companies, like BlackSmith Surgical, Eurotek Surgical Co., Integra LifeSciences Corporation, Key Surgical, Novo Surgical Inc., Sklar Surgical Instruments, Vital Surgical Technologies Inc., among others, hold the substantial market share in the market.
Surgical Pliers Market Leaders
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BlackSmith Surgical
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Novo Surgical Inc.
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Integra LifeSciences Corporation
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Sklar Surgical Instruments
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Key Surgical
*Disclaimer: Major Players sorted in no particular order
Surgical Pliers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of Surgeries
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4.2.2 Rising Healthcare Expenditure
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4.3 Market Restraints
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4.3.1 The High Volume - Low Value Nature of the Market
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Clamping and Occluding
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5.1.2 Dissecting and Cutting
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5.1.3 Holding and Grasping
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5.1.4 Other Applications
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5.2 By Design
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5.2.1 Straight
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5.2.2 Curved
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5.2.3 Other Designs
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5.3 By Type
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5.3.1 Disposable
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5.3.2 Reusable
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5.4 By End User
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5.4.1 Hospitals and Clinics
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5.4.2 Ambulatory Surgical Centers
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5.4.3 Other End Users
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.2 Europe
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5.5.2.1 Germany
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5.5.2.2 United Kingdom
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5.5.2.3 France
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5.5.2.4 Italy
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5.5.2.5 Spain
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5.5.2.6 Rest of Europe
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5.5.3 Asia-Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 South Korea
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5.5.3.6 Rest of Asia-Pacific
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5.5.4 Middle-East and Africa
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5.5.4.1 GCC
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5.5.4.2 South Africa
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5.5.4.3 Rest of Middle-East and Africa
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5.5.5 South America
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5.5.5.1 Brazil
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5.5.5.2 Argentina
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5.5.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 BlackSmith Surgical
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6.1.2 Eurotek Surgical Co.
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6.1.3 Integra LifeSciences Corporation
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6.1.4 Key Surgical
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6.1.5 Novo Surgical Inc.
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6.1.6 Sklar Surgical Instruments
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6.1.7 Vital Surgical Technologies Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surgical Pliers Industry Segmentation
As per the scope of the report, surgical pliers are versatile instruments that can be used for cutting, bending, and crimping wires, for removing pins, for gripping and manipulating tissue, removing adhesives, and for many other purposes.
By Application | |
Clamping and Occluding | |
Dissecting and Cutting | |
Holding and Grasping | |
Other Applications |
By Design | |
Straight | |
Curved | |
Other Designs |
By Type | |
Disposable | |
Reusable |
By End User | |
Hospitals and Clinics | |
Ambulatory Surgical Centers | |
Other End Users |
Geography | ||||||||
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Surgical Pliers Market Research FAQs
What is the current Surgical Pliers Market size?
The Surgical Pliers Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Surgical Pliers Market?
BlackSmith Surgical , Novo Surgical Inc. , Integra LifeSciences Corporation , Sklar Surgical Instruments and Key Surgical are the major companies operating in the Surgical Pliers Market.
Which is the fastest growing region in Surgical Pliers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surgical Pliers Market?
In 2024, the North America accounts for the largest market share in Surgical Pliers Market.
What years does this Surgical Pliers Market cover?
The report covers the Surgical Pliers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surgical Pliers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surgical Pliers Industry Report
Statistics for the 2024 Surgical Pliers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Pliers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.