Surgical Forceps Market Synopsis
Surgical Forceps Market Size Was Valued at USD 35.80 Billion in 2023, and is Projected to Reach USD 54.53 Billion by 2032, Growing at a CAGR of 5.4% From 2024-2032.
An instrument for grasping, holding firmly, or exerting traction upon objects, especially for delicate operations (as by surgeons, obstetricians, or dentists). A wide range of medical treatments involve the utilization of forceps, and the healthcare industry has demonstrated an impressive amount of zeal in its efforts to combat the growing incidence of chronic diseases. Additionally, the medical industry has shown evidence of innovation by introducing a variety of cutting-edge pieces of equipment, such as surgical forceps. The utilization of surgical forceps is essential to the operation of a variety of different kinds of equipment and tools. They come in handy when one needs to hold a lot of things at once or when one's fingers are too large to properly grasp smaller items.
- Advancements in medical technology have led to the development of more precise and specialized surgical instruments, including forceps, which enhance surgical outcomes and minimize patient trauma. These advancements have increased the demand for surgical forceps among healthcare professionals.
- An aging global population is driving the prevalence of chronic diseases and the need for surgical interventions. As a result, there's a rising number of surgical procedures performed worldwide, boosting the demand for surgical instruments such as forceps.
- Furthermore, rising awareness among healthcare providers regarding the importance of maintaining sterile and high-quality surgical instruments to prevent infections and complications is also propelling market growth. Manufacturers are thus innovating to produce forceps that are durable, easy to clean, and maintain sterility throughout surgical procedures, catering to the evolving needs of the healthcare sector.
Surgical Forceps Market Trend Analysis
Growing Interest in Domestic Aquariums
- Advancements in materials and manufacturing technologies have enabled the production of forceps with enhanced durability, precision, and ergonomic designs. Materials such as stainless-steel alloys and titanium alloys offer superior strength and resistance to corrosion, ensuring longevity and reliability in surgical settings. Additionally, innovations in machining processes, such as CNC (Computer Numerical Control) machining, allow for intricate designs and precise tolerances, resulting in high-quality forceps with consistent performance.
- There is a growing emphasis on patient safety and surgical outcomes, driving demand for surgical instruments that minimize tissue trauma and improve surgical precision. High-quality forceps with finer tips and smoother grasping surfaces enable surgeons to perform delicate maneuvers with greater control, reducing the risk of tissue damage and post-operative complications. Moreover, ergonomic designs reduce hand fatigue and improve surgeon comfort during prolonged procedures, enhancing overall procedural efficiency and patient care.
- Moreover, the rising prevalence of minimally invasive surgical techniques, such as laparoscopy and robotic-assisted surgery, has spurred the demand for specialized forceps optimized for these procedures. Miniaturized forceps with articulating tips and advanced gripping mechanisms enable precise manipulation of tissues through small incisions, expanding the applicability of minimally invasive approaches across various surgical specialties.
The Increasing Preference for Captive-Bred Clownfish
- advanced designs in surgical forceps prioritize ergonomics to improve surgeon comfort and precision during procedures. These forceps are engineered with considerations for grip comfort, weight distribution, and maneuverability, reducing fatigue and enhancing dexterity. By minimizing surgeon strain and fatigue, these designs contribute to more consistent performance and potentially reduce the risk of procedural errors.
- Moreover, the integration of safety features within surgical forceps addresses critical concerns regarding patient welfare and procedural accuracy. These features include mechanisms such as locking systems to secure tissue grasp, preventing accidental slippage or damage. Additionally, innovations like insulation coatings mitigate the risk of unintended tissue burns or trauma, particularly in delicate procedures involving electrosurgical techniques. Such safety measures not only safeguard patient well-being but also instill confidence in surgeons, promoting smoother procedural workflows.
- Furthermore, advanced designs and safety features foster versatility and adaptability in surgical forceps, catering to diverse procedural requirements across various medical specialties. For instance, specialized forceps with interchangeable tips or adjustable tension mechanisms accommodate varying tissue types and surgical techniques, ensuring optimal performance across different clinical scenarios. This adaptability enhances surgical precision and efficiency, contributing to superior patient outcomes and reduced recovery times.
Surgical Forceps Market Segment Analysis:
Surgical Forceps Market is Segmented on the basis of product, end users.
By Product, Fine Artery Forceps segment is expected to dominate the market during the forecast period
- The Fine Artery Forceps segment within the Surgical Forceps Market is experiencing growth due to several key factors. Advancements in surgical techniques and procedures require precision instruments, driving the demand for fine artery forceps which offer delicate handling and manipulation of tissues and vessels.
- Additionally, as surgeries become increasingly minimally invasive, there's a growing need for specialized instruments like fine artery forceps that can access and manipulate small structures with precision.
- Moreover, the rising incidence of chronic diseases such as cardiovascular conditions necessitates more intricate surgeries, further fueling the demand for fine artery forceps. Additionally, an aging population globally contributes to increased surgical interventions, especially in areas like cardiac and vascular surgeries, where fine artery forceps are indispensable tools.
By End Users, General Surgery segment held the largest share of 45.2% in 2023
- Advancements in surgical techniques and technology have led to an increase in various types of general surgeries worldwide, including procedures related to gastrointestinal, abdominal, and thoracic surgeries. These surgeries often require the use of forceps for grasping, holding, or manipulating tissues and organs with precision, driving the demand for surgical forceps.
- The rising prevalence of chronic diseases such as obesity, cardiovascular diseases, and cancer necessitates surgical interventions, further bolstering the demand for surgical instruments like forceps in general surgery.
- Additionally, demographic trends such as an aging population contribute to the growing demand for surgical procedures, as older individuals tend to require more medical interventions, including surgeries.
Surgical Forceps Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The North America region segment of the Surgical Forceps Market is experiencing growth due to several factors. There's a rising demand for surgical procedures in the region, driven by an aging population requiring more medical interventions and advancements in healthcare infrastructure. Technological advancements in surgical instruments, including forceps, are increasing efficiency and precision during surgeries, thereby boosting their adoption among healthcare providers in North America.
- Moreover, stringent regulatory standards ensure the quality and safety of surgical instruments in the region, fostering trust among both healthcare professionals and patients. Additionally, increasing healthcare expenditure and insurance coverage contribute to the accessibility of surgical procedures, further propelling market growth.
Active Key Players in the Surgical Forceps Market
- B. Braun (Germany)
- Johnson & Johnson (United States)
- Medtronic (Ireland)
- Stryker Corporation (United States)
- Boston Scientific Corporation (United States)
- Olympus Corporation (Japan)
- Karl Storz GmbH & Co. KG (Germany)
- Intuitive Surgical, Inc. (United States)
- Smith & Nephew plc (United Kingdom)
- CONMED Corporation (United States)
- Cook Medical (United States)
- Zimmer Biomet Holdings, Inc. (United States)
- Becton, Dickinson and Company (United States)
- Teleflex Incorporated (United States)
- Edwards Lifesciences Corporation (United States)
- Terumo Corporation (Japan)
- Hoya Corporation (Japan)
- Abbott Laboratories (United States)
- Essilor International (France)
- Getinge AB (Sweden)
- Merit Medical Systems, Inc. (United States)
- Mölnlycke Health Care (Sweden)
- DJO Global, Inc. (United States)
- AngioDynamics, Inc. (United States)
- Nipro Corporation (Japan), and Other Major Players.
Key Industry Development in The Surgical Forceps Market
- In December 2023, Carl Zeiss Meditec AG announced the acquisition of Dutch Ophthalmic Research Center (D.O.R.C.). D.O.R.C. is a leader in retinal surgical devices, a specific type of surgical forceps. This acquisition strengthens Carl Zeiss Meditec's position in ophthalmic technologies and caters to the growing demand for minimally invasive procedures.
- In June 2022, Ethicon, a Johnson & Johnson MedTech division, launched the ECHELON 3000 Stapler in the United States. It is a digitally enabled device that allows surgeons to address the unique needs of their patients with simple, one-handed powered articulation.
Global Surgical Forceps Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 35.80 Bn. |
Forecast Period 2024-32 CAGR: |
5.4% |
Market Size in 2032: |
USD 54.53 Bn. |
Segments Covered: |
By Product |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- SURGICAL FORCEPS MARKET BY PRODUCT (2017-2030)
- SURGICAL FORCEPS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- HEMOSTATIC
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2030F)
- Historic And Forecasted Market Size in Volume (2017-2030F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- THUMB FORCEPS
- FINE ARTERY FORCEPS
- OTHERS
- SURGICAL FORCEPS MARKET BY END-USER (2017-2030)
- SURGICAL FORCEPS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- GYNECOLOGY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2030F)
- Historic And Forecasted Market Size in Volume (2017-2030F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- GENERAL SURGERY
- NEURO SURGERY
- PLASTIC SURGERY
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Benchmarking
- Surgical Forceps Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- B. BRAUN (GERMANY)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- JOHNSON & JOHNSON (UNITED STATES)
- MEDTRONIC (IRELAND)
- STRYKER CORPORATION (UNITED STATES)
- BOSTON SCIENTIFIC CORPORATION (UNITED STATES)
- OLYMPUS CORPORATION (JAPAN)
- KARL STORZ GMBH & CO. KG (GERMANY)
- INTUITIVE SURGICAL, INC. (UNITED STATES)
- SMITH & NEPHEW PLC (UNITED KINGDOM)
- CONMED CORPORATION (UNITED STATES)
- COOK MEDICAL (UNITED STATES)
- ZIMMER BIOMET HOLDINGS, INC. (UNITED STATES)
- BECTON, DICKINSON AND COMPANY (UNITED STATES)
- TELEFLEX INCORPORATED (UNITED STATES)
- EDWARDS LIFESCIENCES CORPORATION (UNITED STATES)
- TERUMO CORPORATION (JAPAN)
- HOYA CORPORATION (JAPAN)
- ABBOTT LABORATORIES (UNITED STATES)
- ESSILOR INTERNATIONAL (FRANCE)
- GETINGE AB (SWEDEN)
- MERIT MEDICAL SYSTEMS, INC. (UNITED STATES)
- MÖLNLYCKE HEALTH CARE (SWEDEN)
- DJO GLOBAL, INC. (UNITED STATES)
- ANGIODYNAMICS, INC. (UNITED STATES)
- NIPRO CORPORATION (JAPAN)
- COMPETITIVE LANDSCAPE
- GLOBAL SURGICAL FORCEPS MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Product
- Historic And Forecasted Market Size By End Users
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Surgical Forceps Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 35.80 Bn. |
Forecast Period 2024-32 CAGR: |
5.4% |
Market Size in 2032: |
USD 54.53 Bn. |
Segments Covered: |
By Product |
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By End-User |
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By Region |
|
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Surgical Forceps Market research report is 2024-2032.
B. Braun (Germany), Johnson & Johnson (United States), Medtronic (Ireland), Stryker Corporation (United States), Boston Scientific Corporation (United States), Olympus Corporation (Japan), Karl Storz GmbH & Co. KG (Germany), Intuitive Surgical, Inc. (United States), Smith & Nephew plc (United Kingdom), CONMED Corporation (United States), Cook Medical (United States), Zimmer Biomet Holdings, Inc. (United States), Becton, Dickinson and Company (United States), Teleflex Incorporated (United States), Edwards Lifesciences Corporation (United States), Terumo Corporation (Japan), Hoya Corporation (Japan), Abbott Laboratories (United States), Essilor International (France), Getinge AB (Sweden), Merit Medical Systems, Inc. (United States), Mölnlycke Health Care (Sweden), DJO Global, Inc. (United States), AngioDynamics, Inc. (United States), Nipro Corporation (Japan), and Other Major Players.
The Surgical Forceps Market has been segmented into Product, End-User, and region. By Product, the market is categorized into Hemostatic, Thumb, and Others. By End-Users, the market is categorized into Gynecology, General Surgery, Neurosurgery, Plastic surgery, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
An instrument for grasping, holding firmly, or exerting traction upon objects, especially for delicate operations (as by surgeons, obstetricians, or dentists). A wide range of medical treatments involve the utilization of forceps, and the healthcare industry has demonstrated an impressive amount of zeal in its efforts to combat the growing incidence of chronic diseases. Additionally, the medical industry has shown evidence of innovation by introducing a variety of cutting-edge pieces of equipment, such as surgical forceps. The utilization of surgical forceps is essential to the operation of a variety of different kinds of equipment and tools. They come in handy when one needs to hold a lot of things at once or when one's fingers are too large to properly grasp smaller items.
Surgical Forceps Market Size Was Valued at USD 35.80 Billion in 2023, and is Projected to Reach USD 54.53 Billion by 2032, Growing at a CAGR of 5.4% From 2024-2032.