Asia Pacific Hand-held Surgical Instruments Market Size & Outlook
Asia Pacific hand-held surgical instruments market, 2018-2030 (US$M)
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Asia Pacific hand-held surgical instruments market highlights
- The Asia Pacific hand-held surgical instruments market generated a revenue of USD 1,299.4 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, retractors was the largest revenue generating product in 2023.
- Retractors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,299.4 million |
| Market revenue in 2030 | USD 2,484.5 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Retractors |
| Fastest growing segment | Retractors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Forceps, Retractors, Dilators, Graspers, Scalpels, Cannulas, Dermatomes, Trocars |
| Key market players worldwide | Zimmer Biomet Holdings Inc, B. Braun Medical, Integra Lifesciences Holdings Corp, Medtronic PLC, Smith & Nephew PLC, Johnson & Johnson, Becton Dickinson & Co, CooperSurgical, Thompson Surgical Instruments, Aspen Group Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.3% of the global hand-held surgical instruments market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,484.5 million by 2030.
Retractors was the largest segment with a revenue share of 20.02% in 2024. Horizon Databook has segmented the Asia Pacific hand-held surgical instruments market based on forceps, retractors, dilators, graspers, scalpels, cannulas, dermatomes, trocars covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is expected to exhibit the highest growth of 9.9% owing to well-developed healthcare infrastructure in Japan and ongoing development in India and China. In addition, increasing elderly population is also a significant high-impact rendering driver for the regional market.
According to World Bank, over 211 million people were aged 65 years and above in East Asia and Pacific in 2010, and this number is estimated to rise by around 22.0% every 5 years in East Asia between 2015 and 2034.
India has a large population, which has resulted in high number of surgeries being performed in the country. Rise in the prevalence of various chronic diseases in the country is a high-impact rendering factor in the market.
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Hand-held Surgical Instruments Market Scope
Hand-held Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hand-held surgical instruments market size, by country, 2018-2030 (US$M)
Asia Pacific Hand-held Surgical Instruments Market Outlook Share, 2024 & 2030 (US$M)
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