Bone Holding Forceps and Cutters Market: Vital Tools in Surgery and Repair of Bones
Bone holding forceps are handheld, hinged instruments used for grasping and holding bones. These forceps are commonly used to stabilize bones during repair.
These holding forceps could also be used to remove bone fragments from a surgical site. These are available in a number of sizes, as well as with or without ratchets, making these versatile instruments that can be used on both small and large bones.
Bone cutting forceps or cutters are instruments used for cutting in orthopedic surgeries. These are instruments that have two blades and a handle to compress or hold tissues in orthopedic instrument surgical operations.
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These instruments are required for clean and sterile surgery environment. These forceps have a double-action function; these are used to grip tissues and have blades for cutting.
Key Drivers and Restraints of Global Bone Holding Forceps and Cutters Market
Increase in the number of orthopedic and dental surgeries is the major factor boosting the growth of the global bone holding forceps and cutters market
According to the International Osteoporosis Foundation, osteoporosis causes more than 8.9 million fractures across the world each year
Rise in the number of road accidents and increase in the geriatric population prone to bone disorders drive demand for bone holding forceps and cutter across the globe
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Availability of forceps in different sizes and dimensions fuels demand for these surgical tools
High Cost of Surgical Procedures to Hamper Global Market
High cost of certain orthopedic surgical procedures hampers the growth of the global bone holding forceps and cutters market
Moreover, unskilled personnel for performing orthopedic procedures could cause complications during surgery and injuries. This factor is projected to restrain the global bone holding forceps and cutters market.
Disposable to be Highly Lucrative Segment
Based on product type, the global bone holding forceps and cutters market can be bifurcated disposable and reusable
The reusable segment dominated the global market in 2018 owing to application during surgeries and availability of sterilized instruments after each procedure
The disposable segment is projected to be more lucrative in the next few years due to less chance of infection and low cost
Stainless Steel to Dominate Global Market
In terms of material, the global bone holding forceps and cutters market can be classified into stainless steel, tungsten, and others
The stainless steel segment dominated the global bone holding forceps and cutters market in 2018. Ability to withstand repeated sterilization in high temperature autoclaves, rust free, and durability of edges are the key features that propel the segment.
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Hospitals to be Promising Segment
Based on end-user, the global bone holding forceps and cutters market can be divided into hospitals, ambulatory surgery centers, and others
The hospitals segment dominated the global market in 2018 and the trend is projected to continue during the forecast period
Hospitals is anticipated to be a highly lucrative segment during the forecast period owing to higher number of surgical procedures performed in these settings and availability of various surgical tools
North America to Lead Global Market
In terms of region, the global bone holding forceps and cutters market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global bone holding forceps and cutters market in 2018 owing to higher number of surgical procedures, increase in adventure activities & road accidents which lead to surgeries, and presence of major players in the region
According to the Agency for Healthcare Research and Quality (AHRQ), in the U.S., the number of orthopedic surgical procedures increased from 2,740,000 in 2001 to 3,785,000 in 2011, an increase of 38% in 10 years
The bone holding forceps and cutters market in Asia Pacific is projected to expand at a higher CAGR during the forecast period. Increase in the geriatric population prone to orthopedic problems, rise in the number of orthopedic surgeries, and growing medical tourism are the major drivers of the bone holding forceps and cutters market in the region.
Key Manufacturers Operating in Global Bone Holding Forceps and Cutters Market
Leading players in the global Bone Holding Forceps and Cutters market are:
B. Braun Melsungen AG
Integra LifeSciences Corporation
Medline Industries, Inc.
Zimmer Biomet Holdings, Inc.
Sklar Surgical Instruments
Millennium Surgical Corp.
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