Forceps And Spatulas Market: By Type (Turlla spatulas, Tapper blade spatulas, Nuffield spatulas, Porcelain spatulas,   Micro spatulas, Sterile Spatulas, Double Spatulas or Spoon Spatulas and Other Types), By Spatula Material (Stainless Steel and Nickel, Polystyrene or nylon, Polypropylene, and PTFE), By Forceps Types (Disposable Forceps, Reusable Polytetrafluoroethylene (PTFE)- Coated Forceps, Stainless Steel Forceps, Dissecting Forceps, Tissue Forceps, Iris Forceps, Pointed Forceps, Filter Forceps, and Other Forceps Types), By Usability (Disposable Surgical equipment, and Reusable Surgical Equipment) By Application (Neurosurgery, Plastic and Reconstructive Surgery, Thoracic Surgery, Micro-vascular Surgery, Cardiovascular Surgery, and Orthopaedic surgery), and Geogragpy

Forceps And Spatulas Market size are valued at USD 2,982.3 million in 2023 and is poised to grow at a CAGR of 8.6% over 2024 to 2030. Forceps and Spatulas are medical equipment used for surgical purpose with technological advancements for performing various tasks in medical and surgical contexts. Some of the key factors fostering the market growth include a rise in surgical procedures and advances in medical technology which contribute to an increased number of procedures that further enhance the market growth of forceps and spatulas.

In addition, the rising demand for surgeries provides a huge opportunity for the forceps and spatulas market as these are the essential tools in medical practice aiding in precision and control during the procedures from the surgery to diagnosis and treatment applications. Also, growing disposable income in association with increasing healthcare spendings further enhances the market growth. For instance, as of September 2023 according to the American Society of Plastic Surgeons, the number of non-invasive fat reduction procedures was 682,932. Furthermore, major players are focusing on developing new products with enhanced technologies. In November 2023 a UK-based company, Surtax Instruments Limited, a medical instruments manufacturer launched its infinex series for microsurgery instruments which has an impact in restraining the market growth. However, high cost of the equipment is restraining the market growth.

Forceps And Spatulas Market Key Developments:

• In April 2022, A German based technology company Carl Zeiss Meditec acquired Kogent Surgical, llc and katalyst surgical for an undisclosed amount. The acquisition allows to strengthen its medical technology portfolio, expand its surgical offerings and cross selling opportunities
• In June 2022, Xenco Medical, U.S. based medical technology company, expanded its ambulatory surgical device portfolio with the launch of its Multilevel CerviKitTM. It is a comprehensive suite of implants with single-use cervical spine technology to perform cervical spine procedures.