Global Micro Forceps Market to amass $37 Mn by 2024

October 03, 2019

According to the latest study titled ‘Global Micro Forceps Market Growth 2019-2024’ available with Market Study Report LLC, the global micro forceps market is estimated to accumulate US $37 million by the year 2024.

Micro forceps is a hand-held surgical equipment utilized in microsurgeries to hold delicate tissues or vasculature. It is widely used across medical facilities. Increase in the number of developed healthcare infrastructure, along with growing demand for medically advanced procedures & surgeries are few factors anticipated to propel the growth of micro forceps market in the upcoming years.

According to the study, the micro forceps market was valued at US $29 million in 2019 and is expected to register 4.5% CAGR over the forecast time period. The study analyzes micro forceps market for industry shares and growth opportunities by different segments. Furthermore, it provides an exhaustive understanding of trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth. 

Based on type, the industry is segmented as 18cm micro forceps, 15cm micro forceps, 20cm micro forceps, and others. 15cm micro forceps segment dominated the market with 42% revenue share in 2017. While, speaking of application spectrum, the micro forceps market is divided into ambulatory surgical centers and hospitals.

Considering the geographical landscape, micro forceps market is fragmented into four major regions as Middle East & Africa, Asia Pacific, Americas, and Europe. North America was the leading consumer of micro forceps market with nearly 30% share in 2017, while Europe contributed with 25% consumption share in the same year. Moreover, China micro forceps market is presumed to witness momentous growth over the analysis timeline.       

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Some of the vendors that operate in the global micro forceps market outlined in the report comprise of BD, B. Braun, KLS Martin Group, Medicon, US Endoscopy, MST, Symmetry surgical, Geuder Group, Antibe Therapeutics, Synovis Micro Companies, Takayama Instrument, Faulhaber Pinzetten, Cardio Care, Ningbo Cheng-He, Wexler Surgical, Mercian, OPHMED, and Labtician Ophthalmics.