Market Size of Surgical Pliers Industry
| 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 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 Size Summary
The surgical pliers market is poised for steady growth, driven by an increase in surgical procedures and rising healthcare expenditures globally. The demand for surgical pliers is bolstered by the growing prevalence of chronic diseases and the aging population, which places significant pressure on healthcare systems. As countries like China and India ramp up their healthcare spending, the market is expected to benefit from the expanding healthcare infrastructure and the prioritization of surgical interventions. The trend towards value-based care and the rise of ambulatory surgery centers further contribute to the market's expansion, offering operational efficiencies and competitive pricing that enhance patient access and physician engagement.
North America is anticipated to maintain its dominance in the surgical pliers market, with the United States leading due to stringent regulations and heightened awareness of surgical options among the population. The competitive landscape features several key players, including BlackSmith Surgical, Eurotek Surgical Co., and Integra LifeSciences Corporation, who hold significant market shares through established collaborations with hospitals and clinics. The global market's growth is supported by these companies' strategic positioning and the increasing adoption of surgical pliers in various medical settings, ensuring a robust market trajectory over the forecast period.
Surgical Pliers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Number of Surgeries
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1.2.2 Rising Healthcare Expenditure
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1.3 Market Restraints
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1.3.1 The High Volume - Low Value Nature of the Market
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Clamping and Occluding
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2.1.2 Dissecting and Cutting
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2.1.3 Holding and Grasping
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2.1.4 Other Applications
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2.2 By Design
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2.2.1 Straight
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2.2.2 Curved
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2.2.3 Other Designs
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2.3 By Type
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2.3.1 Disposable
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2.3.2 Reusable
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2.4 By End User
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2.4.1 Hospitals and Clinics
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2.4.2 Ambulatory Surgical Centers
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2.4.3 Other End Users
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle-East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle-East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Surgical Pliers Market Size 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.
