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.
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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.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Operating Instrument Set Market - By Type
1.3.2 Operating Instrument Set Market - By Application
1.3.3 Operating Instrument Set Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPERATING INSTRUMENT SET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OPERATING INSTRUMENT SET MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OPERATING INSTRUMENT SET MARKET - GLOBAL MARKET ANALYSIS
6.1. OPERATING INSTRUMENT SET - GLOBAL MARKET OVERVIEW
6.2. OPERATING INSTRUMENT SET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OPERATING INSTRUMENT SET MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DISPOSABLE TYPE
7.3.1. Overview
7.3.2. Disposable Type Market Forecast and Analysis
7.4. NON-DISPOSABLE TYPE
7.4.1. Overview
7.4.2. Non-disposable Type Market Forecast and Analysis
8. OPERATING INSTRUMENT SET MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AMBULATORY SURGERY CENTERS
8.3.1. Overview
8.3.2. Ambulatory Surgery Centers Market Forecast and Analysis
8.4. ACADEMIC MEDICAL CENTERS
8.4.1. Overview
8.4.2. Academic Medical Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. OPERATING INSTRUMENT SET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Operating Instrument Set Market Overview
9.1.2 North America Operating Instrument Set Market Forecasts and Analysis
9.1.3 North America Operating Instrument Set Market Forecasts and Analysis - By Type
9.1.4 North America Operating Instrument Set Market Forecasts and Analysis - By Application
9.1.5 North America Operating Instrument Set Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Operating Instrument Set Market
9.1.5.1.1 Canada Operating Instrument Set Market by Type
9.1.5.1.2 Canada Operating Instrument Set Market by Application
9.1.5.2 Mexico Operating Instrument Set Market
9.1.5.2.1 Mexico Operating Instrument Set Market by Type
9.1.5.2.2 Mexico Operating Instrument Set Market by Application
9.1.5.3 US Operating Instrument Set Market
9.1.5.3.1 US Operating Instrument Set Market by Type
9.1.5.3.2 US Operating Instrument Set Market by Application
9.2. EUROPE
9.2.1 Europe Operating Instrument Set Market Overview
9.2.2 Europe Operating Instrument Set Market Forecasts and Analysis
9.2.3 Europe Operating Instrument Set Market Forecasts and Analysis - By Type
9.2.4 Europe Operating Instrument Set Market Forecasts and Analysis - By Application
9.2.5 Europe Operating Instrument Set Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Operating Instrument Set Market
9.2.5.1.1 Germany Operating Instrument Set Market by Type
9.2.5.1.2 Germany Operating Instrument Set Market by Application
9.2.5.2 France Operating Instrument Set Market
9.2.5.2.1 France Operating Instrument Set Market by Type
9.2.5.2.2 France Operating Instrument Set Market by Application
9.2.5.3 Italy Operating Instrument Set Market
9.2.5.3.1 Italy Operating Instrument Set Market by Type
9.2.5.3.2 Italy Operating Instrument Set Market by Application
9.2.5.4 Spain Operating Instrument Set Market
9.2.5.4.1 Spain Operating Instrument Set Market by Type
9.2.5.4.2 Spain Operating Instrument Set Market by Application
9.2.5.5 United Kingdom Operating Instrument Set Market
9.2.5.5.1 United Kingdom Operating Instrument Set Market by Type
9.2.5.5.2 United Kingdom Operating Instrument Set Market by Application
9.2.5.6 Rest of Europe Operating Instrument Set Market
9.2.5.6.1 Rest of Europe Operating Instrument Set Market by Type
9.2.5.6.2 Rest of Europe Operating Instrument Set Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Operating Instrument Set Market Overview
9.3.2 Asia-Pacific Operating Instrument Set Market Forecasts and Analysis
9.3.3 Asia-Pacific Operating Instrument Set Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Operating Instrument Set Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Operating Instrument Set Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Operating Instrument Set Market
9.3.5.1.1 Australia Operating Instrument Set Market by Type
9.3.5.1.2 Australia Operating Instrument Set Market by Application
9.3.5.2 China Operating Instrument Set Market
9.3.5.2.1 China Operating Instrument Set Market by Type
9.3.5.2.2 China Operating Instrument Set Market by Application
9.3.5.3 India Operating Instrument Set Market
9.3.5.3.1 India Operating Instrument Set Market by Type
9.3.5.3.2 India Operating Instrument Set Market by Application
9.3.5.4 Japan Operating Instrument Set Market
9.3.5.4.1 Japan Operating Instrument Set Market by Type
9.3.5.4.2 Japan Operating Instrument Set Market by Application
9.3.5.5 South Korea Operating Instrument Set Market
9.3.5.5.1 South Korea Operating Instrument Set Market by Type
9.3.5.5.2 South Korea Operating Instrument Set Market by Application
9.3.5.6 Rest of Asia-Pacific Operating Instrument Set Market
9.3.5.6.1 Rest of Asia-Pacific Operating Instrument Set Market by Type
9.3.5.6.2 Rest of Asia-Pacific Operating Instrument Set Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Operating Instrument Set Market Overview
9.4.2 Middle East and Africa Operating Instrument Set Market Forecasts and Analysis
9.4.3 Middle East and Africa Operating Instrument Set Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Operating Instrument Set Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Operating Instrument Set Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Operating Instrument Set Market
9.4.5.1.1 South Africa Operating Instrument Set Market by Type
9.4.5.1.2 South Africa Operating Instrument Set Market by Application
9.4.5.2 Saudi Arabia Operating Instrument Set Market
9.4.5.2.1 Saudi Arabia Operating Instrument Set Market by Type
9.4.5.2.2 Saudi Arabia Operating Instrument Set Market by Application
9.4.5.3 U.A.E Operating Instrument Set Market
9.4.5.3.1 U.A.E Operating Instrument Set Market by Type
9.4.5.3.2 U.A.E Operating Instrument Set Market by Application
9.4.5.4 Rest of Middle East and Africa Operating Instrument Set Market
9.4.5.4.1 Rest of Middle East and Africa Operating Instrument Set Market by Type
9.4.5.4.2 Rest of Middle East and Africa Operating Instrument Set Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Operating Instrument Set Market Overview
9.5.2 South and Central America Operating Instrument Set Market Forecasts and Analysis
9.5.3 South and Central America Operating Instrument Set Market Forecasts and Analysis - By Type
9.5.4 South and Central America Operating Instrument Set Market Forecasts and Analysis - By Application
9.5.5 South and Central America Operating Instrument Set Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Operating Instrument Set Market
9.5.5.1.1 Brazil Operating Instrument Set Market by Type
9.5.5.1.2 Brazil Operating Instrument Set Market by Application
9.5.5.2 Argentina Operating Instrument Set Market
9.5.5.2.1 Argentina Operating Instrument Set Market by Type
9.5.5.2.2 Argentina Operating Instrument Set Market by Application
9.5.5.3 Rest of South and Central America Operating Instrument Set Market
9.5.5.3.1 Rest of South and Central America Operating Instrument Set Market by Type
9.5.5.3.2 Rest of South and Central America Operating Instrument Set Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OPERATING INSTRUMENT SET MARKET, KEY COMPANY PROFILES
11.1. MEDLINE INDUSTRIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARDINAL HEALTH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDTRONIC PLC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MOLNLYCKE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PAUL HARTMANN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LOHMANN AND RAUSCHER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CPT MEDICAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STRADIS HEALTHCARE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DEXTERA SURGICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HOSPIRA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Medline Industries
2. Cardinal Health
3. Medtronic Plc.
4. Molnlycke
5. Paul Hartmann
6. Lohmann and Rauscher
7. CPT Medical
8. Stradis Healthcare
9. Dextera Surgical
10. Hospira
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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