The Business Research Company’s Handheld Surgical Devices And Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Handheld Surgical Devices And Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Handheld Surgical Devices And Equipment market overviews, analyze and forecast market size and growth for the whole market, Handheld Surgical Devices And Equipment market segments and geographies, Handheld Surgical Devices And Equipment market trends, Handheld Surgical Devices And Equipment market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The handheld surgical devices market consists of sales of handheld surgical devices and related services. Handheld surgical devices include forceps, scalpels, retractors and scissors.
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The global handheld surgical devices and equipment market is expected to decline from $4.3 billion in 2019 to $3.7 billion in 2020 at a compound annual growth rate (CAGR) of -12.4%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. Several medical facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. This is because the global public health organizations have recommended the medical facilities to postpone elective procedures, surgeries, and non-urgent visits, and to prioritize urgent and emergency visits and procedures in order to protect staff and preserve personal protective equipment and patient care supplies. This has decreased the demand for surgical equipment. Also, the production of surgical equipment also slowed down due to extended lockdown and closure of factories manufacturing the equipment. The market is then expected to recover and grow at a CAGR of 3.6% from 2021 and reach $4.9 billion in 2023.
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