Operating instruments are tools that are used to carry out general surgical procedures. They are utilized for performing various functions such as dissecting, grasping, cutting, suctioning, retracting, suturing, and other functions. These tools are being utilized in a wide range of operations and procedures such as neurological and cardiovascular. Most operating instruments are manufactured by using stainless steel and sometimes from other metals as well, including titanium, chromium, vanadium, and molybdenum.
MARKET SCOPE
The "Global Operating Instrument Set Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the operating instrument set market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading operating instrument set market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on type, the global operating instrument set market is segmented into disposable type and non-disposable type.
- Based on application, the market is segmented into ambulatory surgery centers, academic medical centers and others.
MARKET DYNAMICS
Drivers:
- Rise in prevalence of chronic diseases such as cancer, autoimmune diseases, and other diseases.
- Increase in the number of surgical procedures and technological advancement in tools.
- Increase in demand for operating devices.
- Rise in incidence of accidents and injuries.
Restraints:
- Lack of proper reimbursement for operating equipment.
- Lack of skilled professional doctors.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The operating instrument set market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the operating instrument set market in these regions.
IMPACT OF COVID-19 ON OPERATING INSTRUMENT SET MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak has caused a continuous increase in the number of infected patients. Due to the high risk of infections to healthcare workers and patients, the government imposed various restrictive measures, and the non-urgent surgical procedures were canceled or delayed. This reduced the number of surgeries and caused a decline in regular patient visits to hospitals, affecting the operating instrument market growth. Furthermore, there was a disruption in trade, supply chain, and business operations due to lockdown, resulting in a shortage of medical tools. Therefore, the growth of the market was impacted due to the sudden outbreak.
MARKET PLAYERS
The report covers key developments in the operating instrument set market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from operating instrument set market are anticipated to have lucrative growth opportunities in the future with the rising demand for operating instrument set in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the operating instrument set market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medline Industries
- Cardinal Health
- Medtronic Plc.
- Molnlycke
- Paul Hartmann
- Lohmann and Rauscher
- CPT Medical
- Stradis Healthcare
- Dextera Surgical
- Hospira
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.