Surgical Broaches Market Overview

The Surgical Broaches Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

A surgical broach is a surgical instrument designed to provide a reconstructive and supportive approach to comforting the operating target in the surgical procedure. They are typically handheld instruments, manual, with an elongated, tapered working end and a handle. These surgical broaches are used to form an intramedullary canal in a bone to provide prosthetic support. Technological advancement in the production of surgical broaches like the 3D etching process makes it more convenient as an instrument to use in general Orthopedic surgeries and other surgeries. In that they are employed to generate precise edges to support replacement implants, surgical broaches are comparable to rasps. To support a prosthetic, an intramedullary canal is created in a bone using surgical broaches.

Cutting teeth offer an effective method for directing such an implant and creating an appropriate space between the prosthesis and the intramedullary canal. With an increase in the geriatric population around the globe, various geriatric disorders also increase, which is excepted a driving factor of the market expansion. For instance, according to the World Health Organization, it is estimated at 2030 there will be 34 nations with over 20% population above 65 years.

The surgical broach is an important instrument used in hip replacement. The market for surgical broaches is highly integrated with very few players operating in the global space such as Smith and Nephew, Zimmer Biomet, Integrated Medical Technologies, and others. Combined approaches of using surgical broaches with other surgical instruments to obtain accurate results to treat patients, which is expected to create high demand for surgical broaches in invasive bone-related surgeries. Technological innovation and advancement will optimize the performance of the product, making it more widely used in subsequent applications. Moreover, surgical broaches can also be used in removing soft medial cancellous bone, and pulse lavage of the canal is also support for market demand.

Market Dynamics And Factors For Surgical Broaches Market

Drivers:

• Increasing Need for Replacement Surgeries Around the Globe

Restraints:

• High Cost Associated with The Surgical Broach Device

Opportunity:

• Opportunity in the Development of An Advanced Suitable Device

Regional Analysis In Surgical Broaches Market

North America dominated the market of surgical broaches during the forecast period, due to availability of the advanced healthcare infrastructure. The rising number of surgeries in the United State is the major driving factor behind the growth of the market. For instance, the National Library of Medicine states that in North America, almost 2.4 million hip and knee surgeries were performed in 2021 from over 1150 institutions that submitted data, representing an 18.3% increase in total procedural volume compared with 2020.

Asia Pacific is expected to grow owing to the expansion of major manufacturers into fragmented markets. In Asia Pacific, Japan is excepted to grow high in the upcoming years. Europe is expected to take a large share in the surgical broaches market during the upcoming years because of its medical expenditure over healthcare support.

Covid-19 Impact Analysis On Surgical Broaches Market

Covid-19 affects various industries including the healthcare industry. This Covid-19 pandemic significantly impacted the Surgical broaches market. During the covid-19 the supply chain of raw materials or products of surgical broaches is hugely impacted. Due to the lockdown, many surgeries were get canceled or postponed during the pandemic situation. The pandemic has significantly strained the world's healthcare systems. Surgeons and support staff were reassigned to Covid-19 patients who were in critical condition. Owing to the rapid increase in coronavirus cases around the world, many hospitals and other healthcare facilities were constantly treating coronavirus patients. Such factors decrease the demand for surgical broaches during the Covid-19 pandemic situation. However, the positive thing to come out during the pandemic was the manufacturers increased focus on the development of instruments for Surgical broaches and such factors increases the market growth after the covid-19 pandemic. 

Top Key Players Covered In The Surgical Broaches Market

• Smith & Nephew plc (UK)
• Zimmer Biomet  (US)
• Integrated Medical Technologies Inc. (US)
• Tecomet Inc. (US)
• Sandvik A (Sweden)
• Precision Edge Surgical (US) and Other Major Players.

Key Industry Development In The Surgical Broaches Market

In March 2022, Stryker's Joint Replacement Division announced the introduction of the Insignia Hip Stem, designed to optimize patient fit and surgeon ease of implantation in muscle-sparing approaches for total hip and hemiarthroplasty procedures. Insignia offers a unique Tri-Stage Broach featuring three different tooth geometries, as well as unique size-specific collar lengths and market leading range of femoral offsets designed to provide enhanced fit and function across a broad range of femoral morphology.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Application
 3.2 By End User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Surgical Broaches Market by Application
 5.1 Surgical Broaches Market Overview Snapshot and Growth Engine
 5.2 Surgical Broaches Market Overview
 5.3 Orthopedic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Orthopedic: Geographic Segmentation
 5.4 ENT
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 ENT: Geographic Segmentation
 5.5 Plastic Surgery
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Plastic Surgery: Geographic Segmentation
 5.6 Neurology
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Neurology: Geographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others : Geographic Segmentation

Chapter 6: Surgical Broaches Market by End User
 6.1 Surgical Broaches Market Overview Snapshot and Growth Engine
 6.2 Surgical Broaches Market Overview
 6.3 Hospitals
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospitals: Geographic Segmentation
 6.4 Specialty clinics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Specialty clinics: Geographic Segmentation
 6.5 Others
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Others: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Surgical Broaches Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Surgical Broaches Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Surgical Broaches Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 SMITH & NEPHEW PLC
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 ZIMMER BIOMET
 7.4 INTEGRATED MEDICAL TECHNOLOGIES INC.
 7.5 TECOMET INC.
 7.6 SANDVIK A
 7.7 PRECISION EDGE SURGICAL
 7.8 OTHER MAJOR PLAYERS

Chapter 8: Global Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Application
  8.2.1 Orthopedic
  8.2.2 ENT
  8.2.3 Plastic Surgery
  8.2.4 Neurology
  8.2.5 Others
 8.3 Historic and Forecasted Market Size By End User
  8.3.1 Hospitals
  8.3.2 Specialty clinics
  8.3.3 Others

Chapter 9: North America Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Orthopedic
  9.4.2 ENT
  9.4.3 Plastic Surgery
  9.4.4 Neurology
  9.4.5 Others
 9.5 Historic and Forecasted Market Size By End User
  9.5.1 Hospitals
  9.5.2 Specialty clinics
  9.5.3 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Application
  10.4.1 Orthopedic
  10.4.2 ENT
  10.4.3 Plastic Surgery
  10.4.4 Neurology
  10.4.5 Others
 10.5 Historic and Forecasted Market Size By End User
  10.5.1 Hospitals
  10.5.2 Specialty clinics
  10.5.3 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Application
  11.4.1 Orthopedic
  11.4.2 ENT
  11.4.3 Plastic Surgery
  11.4.4 Neurology
  11.4.5 Others
 11.5 Historic and Forecasted Market Size By End User
  11.5.1 Hospitals
  11.5.2 Specialty clinics
  11.5.3 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Application
  12.4.1 Orthopedic
  12.4.2 ENT
  12.4.3 Plastic Surgery
  12.4.4 Neurology
  12.4.5 Others
 12.5 Historic and Forecasted Market Size By End User
  12.5.1 Hospitals
  12.5.2 Specialty clinics
  12.5.3 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Surgical Broaches Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Application
  13.4.1 Orthopedic
  13.4.2 ENT
  13.4.3 Plastic Surgery
  13.4.4 Neurology
  13.4.5 Others
 13.5 Historic and Forecasted Market Size By End User
  13.5.1 Hospitals
  13.5.2 Specialty clinics
  13.5.3 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SURGICAL BROACHES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SURGICAL BROACHES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SURGICAL BROACHES MARKET COMPETITIVE RIVALRY
TABLE 005. SURGICAL BROACHES MARKET THREAT OF NEW ENTRANTS
TABLE 006. SURGICAL BROACHES MARKET THREAT OF SUBSTITUTES
TABLE 007. SURGICAL BROACHES MARKET BY APPLICATION
TABLE 008. ORTHOPEDIC MARKET OVERVIEW (2016-2028)
TABLE 009. ENT MARKET OVERVIEW (2016-2028)
TABLE 010. PLASTIC SURGERY MARKET OVERVIEW (2016-2028)
TABLE 011. NEUROLOGY MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. SURGICAL BROACHES MARKET BY END USER
TABLE 014. HOSPITALS MARKET OVERVIEW (2016-2028)
TABLE 015. SPECIALTY CLINICS MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SURGICAL BROACHES MARKET, BY APPLICATION (2016-2028)
TABLE 018. NORTH AMERICA SURGICAL BROACHES MARKET, BY END USER (2016-2028)
TABLE 019. N SURGICAL BROACHES MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE SURGICAL BROACHES MARKET, BY APPLICATION (2016-2028)
TABLE 021. EUROPE SURGICAL BROACHES MARKET, BY END USER (2016-2028)
TABLE 022. SURGICAL BROACHES MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC SURGICAL BROACHES MARKET, BY APPLICATION (2016-2028)
TABLE 024. ASIA PACIFIC SURGICAL BROACHES MARKET, BY END USER (2016-2028)
TABLE 025. SURGICAL BROACHES MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA SURGICAL BROACHES MARKET, BY APPLICATION (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA SURGICAL BROACHES MARKET, BY END USER (2016-2028)
TABLE 028. SURGICAL BROACHES MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA SURGICAL BROACHES MARKET, BY APPLICATION (2016-2028)
TABLE 030. SOUTH AMERICA SURGICAL BROACHES MARKET, BY END USER (2016-2028)
TABLE 031. SURGICAL BROACHES MARKET, BY COUNTRY (2016-2028)
TABLE 032. SMITH & NEPHEW PLC: SNAPSHOT
TABLE 033. SMITH & NEPHEW PLC: BUSINESS PERFORMANCE
TABLE 034. SMITH & NEPHEW PLC: PRODUCT PORTFOLIO
TABLE 035. SMITH & NEPHEW PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. ZIMMER BIOMET: SNAPSHOT
TABLE 036. ZIMMER BIOMET: BUSINESS PERFORMANCE
TABLE 037. ZIMMER BIOMET: PRODUCT PORTFOLIO
TABLE 038. ZIMMER BIOMET: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. INTEGRATED MEDICAL TECHNOLOGIES INC.: SNAPSHOT
TABLE 039. INTEGRATED MEDICAL TECHNOLOGIES INC.: BUSINESS PERFORMANCE
TABLE 040. INTEGRATED MEDICAL TECHNOLOGIES INC.: PRODUCT PORTFOLIO
TABLE 041. INTEGRATED MEDICAL TECHNOLOGIES INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. TECOMET INC.: SNAPSHOT
TABLE 042. TECOMET INC.: BUSINESS PERFORMANCE
TABLE 043. TECOMET INC.: PRODUCT PORTFOLIO
TABLE 044. TECOMET INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. SANDVIK A: SNAPSHOT
TABLE 045. SANDVIK A: BUSINESS PERFORMANCE
TABLE 046. SANDVIK A: PRODUCT PORTFOLIO
TABLE 047. SANDVIK A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. PRECISION EDGE SURGICAL: SNAPSHOT
TABLE 048. PRECISION EDGE SURGICAL: BUSINESS PERFORMANCE
TABLE 049. PRECISION EDGE SURGICAL: PRODUCT PORTFOLIO
TABLE 050. PRECISION EDGE SURGICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 051. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 052. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 053. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SURGICAL BROACHES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SURGICAL BROACHES MARKET OVERVIEW BY APPLICATION
FIGURE 012. ORTHOPEDIC MARKET OVERVIEW (2016-2028)
FIGURE 013. ENT MARKET OVERVIEW (2016-2028)
FIGURE 014. PLASTIC SURGERY MARKET OVERVIEW (2016-2028)
FIGURE 015. NEUROLOGY MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. SURGICAL BROACHES MARKET OVERVIEW BY END USER
FIGURE 018. HOSPITALS MARKET OVERVIEW (2016-2028)
FIGURE 019. SPECIALTY CLINICS MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SURGICAL BROACHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SURGICAL BROACHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SURGICAL BROACHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SURGICAL BROACHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SURGICAL BROACHES MARKET OVERVIEW BY COUNTRY (2016-2028)