The open surgery instruments global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Open Surgery Instruments Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The open surgery instruments market size has grown strongly in recent years. It
will grow from $60.61 billion in 2023 to $64.35 billion in 2024 at a compound
annual growth rate (CAGR) of 6.2%. The growth in the historic period can be
attributed to increasing surgical procedures, a growing aging population, a
rise in healthcare infrastructure development, a regulatory environment,
increasing healthcare expenditure, increasing number of surgeries.
The open surgery instruments market size is expected to see strong growth in
the next few years. It will grow to $82.25 billion in 2028 at a compound annual
growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed
to a rise in personalized medicine, high prevalence of chronic diseases, surge
in demand for advanced surgical equipment products, increasing ambulatory
surgical centers, and increasing demand for laboratory automation. Major trends
in the forecast period include advancements in laparoscopic instruments,
integration of imaging technologies, growth in single-use surgical tools, smart
instruments with sensor technology, and increasing adoption of energy-based
devices.
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Scope Of Open Surgery Instruments Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Open Surgery Instruments Market Overview
Market Drivers -
The high prevalence of chronic diseases is expected to propel the growth of the
open surgery instrument market going forward. Chronic diseases are conditions
that continue for an extended period, require medical attention or management,
and have a major impact on a person's quality of life. Chronic diseases are on
the rise due to several factors, such as lifestyle changes, an aging
population, improved healthcare access, and genetic predispositions. Open
surgery instruments enhance and streamline the surgical treatment of chronic
diseases while also helping healthcare providers improve procedural precision,
reduce recovery times, and ensure the safety and well-being of their patients
during operations. For instance, in 2024, according to the American Heart
Association, a US-based nonprofit organization focused on cardiovascular
medical research, cardiovascular disease caused 931,578 deaths in the US in
2021, slightly more than the 928,741 deaths in 2020. Therefore, a high
prevalence of chronic diseases is driving the open surgery instrument market.
Market Trends -
Major companies operating in the open surgery instrument market are focused on
developing advanced hybrid energy devices to enhance safety and efficiency in
open surgical procedures. Hybrid energy devices use various technologies to
deliver efficient and precise tissue control during surgical procedures. These
devices combine hemostatic cutting, coagulation, and dissection, eliminating
the need for additional instruments. For instance, in September 2022, Olympus
Corporation, a Japan-based medical technology company, launched the THUNDERBEAT
Open Fine Jaw Type X surgical energy product. It consists of a unique thermal
shield that optimizes temperature management on the grabbing surface, lowering
the possibility of unintentional heat harm to adjacent tissues, nerves, and
structures. This gadget combines ultrasonic and bipolar energy to provide
efficient tissue control during both laparoscopic and open procedures.
THUNDERBEAT devices help to improve operating room efficiency and minimize
surgery times by eliminating the need for several pieces of equipment.
The open surgery instruments market covered in this report is segmented –
1) By Product: Scalpel, Scissors, Forceps, Clamps, Needles And Suture,
Retractors, Suction, Staplers And Clips, Energy Systems, Laparoscopic
Instruments
2) By Application: Cardiothoracic Surgery, Urologic Surgery, Orthopaedic
Surgery, Robot Assisted Surgery
3) By End-User: Hospitals, Ambulatory Surgery Centers, Clinics
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Regional Insights -
North America was the largest region in the open surgery instruments market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the open surgery instruments market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the open surgery instruments market are Johnson
& Johnson Services Inc., Thermo Fisher Scientific Inc., Medtronic, Alcon,
Olympus, Terumo Corporation, Intuitive Surgical, B. Braun Medical Ltd., Cook
Medical, Teleflex Incorporated, Karl Storz, Mölnlycke Health Care AB, Integra
LifeSciences Corporation, ConMed Corporation, C.R. Bard Inc., KLS Martin Group,
Aspen Surgical Products Inc., Scanlan International Inc., Sklar Surgical
Instruments, Grena Ltd., ELMED Incorporated
Table of Contents
1. Executive Summary
2. Open Surgery Instruments Market Report Structure
3. Open Surgery Instruments Market Trends And Strategies
4. Open Surgery Instruments Market – Macro Economic Scenario
5. Open Surgery Instruments Market Size And Growth
…..
27. Open Surgery Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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