Summary

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.

“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.

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