The Open Surgery Instruments Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Open Surgery Instruments Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
- Open Surgery Instruments Market Characteristics
- Open Surgery Instruments Market Trends And Strategies
- Open Surgery Instruments Market – Macro Economic Scenario
- Global Open Surgery Instruments Market Size and Growth
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32. Global Open Surgery Instruments Market Competitive Benchmarking
- Global Open Surgery Instruments Market Competitive Dashboard
- Key Mergers And Acquisitions In The Open Surgery Instruments Market
- Open Surgery Instruments Market Future Outlook and Potential Analysis
- Appendix
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