Micro Forceps Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2813
Micro Forceps Market size is projected to experience significant growth from 2018 to 2024.
Growing number of surgical procedures across various fields such as ophthalmology, cardiology, oncology and other areas of specialization will act as primary factor, stimulating micro forceps market growth. In addition, continuously accelerating number of robot assisted surgical procedures will increase the demand for micro forceps. Rapid adoption of robotic surgeries owing to enhanced efficacy along with availability of less invasive technique will further increase market growth over the forecast timeframe.
Technological advancements should majorly favor micro forceps industry growth as a result of improved outcomes in terms of patient comfort and decreased risk of infection. Emergence of novel technologies lead to minimal invasion, less pain and reduced injuries. For instance, development of force-sensing micro forceps for successful peeling of tissue leads to decrease in injuries to patient, thereby impelling adoption of technologically advanced products. Aforementioned factors are set to secure substantial market share in forthcoming years.
Increasing R&D activities should generate more revenue thus stimulating micro forceps market. Growing need for minimally invasive surgical procedures for treatment of rising number of chronic diseases will act as high impact factor for business growth. Furthermore, increasing government investment in healthcare research to reduce disease burden will positively impact market growth over forecast period.
However, stringent regulations coupled with increasing number of healthcare acquired infections will impede market growth in upcoming years.
Alligator micro forceps segment will show significant growth due to improved convenience to surgeons for operating complex areas. Increasing applications of alligator/crocodile micro forceps such as ear, nose, throat surgeries as well as veterinary surgeries will boost segmental growth over the projected timeframe.
Cardiovascular segment will witness remarkable growth owing to rising number of people suffering from cardiac failures, hypertension, cardiovascular diseases (CVD) and other related disorders. Growing obese population coupled with smoking, sedentary lifestyle increases risk of CVD that should augment segmental growth in forthcoming years.
Hospitals segment will grow at a rapid rate as a result of rising need for surgeries as well as geriatric population that will drive demand for surgeries across the globe. Availability of sophisticated facilities and technologically advanced surgical instruments will foster segmental growth in foreseeable years.
U.S. micro forceps market will show a momentous growth due to rising number patient pool affected with cancer, neurological disorders and ophthalmic disorders. Greater healthcare expenditure along with favorable healthcare infrastructure will result in micro forceps business growth. Moreover, quick adoption of high-end technology surgical instruments will assist industry growth in upcoming period.
Prominent players of global micro forceps market include B Braun, Becton Dickinson and Company, Cardio Care, Faulhaber Pinzetten, Geuder Group, Labtician Ophthalmics, KLS Martin Group, Medicon, MST, Ningbo Cheng-He, US Endoscopy, Wexler Surgical, Synovis Micro Companies, Symmetry Surgical, OPHMED. These companies undertake strategic initiatives such as innovative product launches, merger and acquisitions for enhancing their market competitiveness. For instance, in July 2018, US Endoscopy announced introduction of Histoguide wire-guided forceps that will help the company in fortifying its product base as well as expanding its customer base.
Micro forceps market by product type, 2013-2024 (USD Million)
Micro forceps market by application, 2013-2024 (USD Million)
- Obstetrics and gynecology
- Reconstructive surgery
Micro forceps market by end-use, 2013-2024 (USD Million)
- Ambulatory surgical centers
- Research institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- B Braun
- Becton, Dickinson and Company
- Cardio Care
- Faulhaber Pinzetten
- Geuder Group
- KLS Martin Group
- Labtician Ophthalmics
- Ningbo Cheng-He
- Symmetry Surgical
- Synovis Micro Companies
- US Endoscopy
- Wexler Surgical
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