Surgical Pliers Market: Current Analysis and Forecast (2022-2028)
Emphasis on Application (Clamping and Occluding, Dissecting and Cutting, Holding and Grasping, and Others); Design (Straight, Curved, Angled, and Others), Type (Disposable and Reusable); End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others); and Region/Country
Global Surgical Pliers Market is expected to grow at a significant rate of around 5% during the forecast period. Surgical pliers are type instruments that come in a variety of shapes and sizes depending on their intended use, such as needle holders, tissue forceps, and bone-cutting forceps. They are usually made of high-quality stainless steel to ensure that they are durable and able to withstand the sterilization process. The demand for surgical pliers is particularly high in developed countries due to the aging population and the prevalence of chronic diseases. According to the National Institute of Health, in 2022, One in four surgical patients has a chronic disease with an associated 10-fold increase in the risk of postoperative death. Two-thirds of all deaths after surgery occur among patients with high-risk diseases (cancer, cardiac failure, liver disease, dementia). Additionally, technological advancements in surgical pliers, such as the development of laparoscopic surgical pliers, have also contributed to the growth of the market. According to the Cleveland Clinic, in 2022, approx. 13 million laparoscopic procedures are performed globally every year. These numbers are projected to grow by 1% over the next five years.
Abraham Black Smith, EUROTEK SURGICAL COMPANY, Integra LifeSciences, Key Surgical, Novo Surgical Inc., Sklar Surgical Instruments, Vital Surgical Technologies LLC., Surgical Holdings, SISCO, Millennium Surgical Corp. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, dissecting and cutting are expected to grow with a significant CAGR during the forecast period”
Based on application, the market is segmented into clamping and occluding, dissecting and cutting, holding and grasping, and others. The dissecting and cutting are expected to grow with a significant CAGR during the forecast period. This is mainly due to the increasing demand for surgical procedures. This is commonly used in ophthalmic surgeries, microsurgery, and other procedures that require precision and accuracy. According to the National Institute of Health, in 2021, cataract extraction is the most prevalent surgical procedure of all medical specialties with an estimated 3.7 million cases per year in the USA, 7 million in Europe, and 20 million worldwide.
“Amongst design, the straight held a significant share of the market in 2021”
On the basis of design, the market is segmented into straight, curved, angled, and others. Among these, the straight held a significant share of the market in 2021. This is widely used to grasp, hold, or manipulate tissue or other surgical instruments during a procedure. They can also be used for cutting, twisting, or compressing tissues or sutures. Thus, the above-mentioned factors drive the market.
Surgical Pliers Market Report Coverage
“North America is expected to grow with a significant CAGR during the forecast period”
North America is expected to grow with a significant CAGR during the forecast period. This is mainly attributed to the factors such as the increasing number of surgical procedures being performed, the growing prevalence of chronic diseases, and the rising demand for advanced surgical instruments. For instance, in January 2023, Orthofix Medical Inc., a leading global spine and orthopedics company, announced the full commercial launch of, and first patient cases involving the Mariner Deformity Pedicle Screw System. Additionally, the presence of well-established healthcare infrastructure and the high adoption rate of technologically advanced surgical tools in the region are also contributing to the growth of the market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global surgical pliers market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Surgical Pliers Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global surgical pliers market were the three major steps undertaken to create and analyze the adoption of surgical pliers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global surgical pliers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the surgical pliers market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the surgical pliers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application, design, type, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the surgical pliers market. Further, we conducted factor analysis using dependent and independent variables such as various application, design, type, and end user of surgical pliers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the surgical pliers market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global surgical pliers market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the surgical pliers market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global surgical pliers market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global surgical pliers market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application, design, type, and end user in the global surgical pliers market.
The main objective of the Global Surgical Pliers Market Study
The current & future market trends of the global surgical pliers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the surgical pliers market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application, design, type, and end user.
- Define and analysis of the regulatory framework for the surgical pliers
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the surgical pliers market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the surgical pliers market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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