Surgical Hooks Market Report 2024

The surgical hooks market size has grown rapidly in recent years. It will grow from $0.78 billion in 2023 to $0.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. In the historical period, growth can be linked to increasing obesity rates, an aging population, rising demand for minimally invasive surgeries, higher healthcare spending, and greater adoption of outpatient procedures.

The surgical hooks market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period is driven by rising surgical demands, higher incidence of chronic illnesses, increasing use of minimally invasive techniques, growing need for surgical hooks, and advancements in robotic surgery. Key trends expected in the forecast period include technological innovations, integration of smart technologies, advancements in materials used for surgical hooks, expansion in emerging markets, and a focus on precision and ergonomic designs.

The growth of the surgical hooks market is driven by the increasing adoption of minimally invasive surgical procedures. These procedures have seen a rise due to advancements in medical technology, resulting in more precise surgical instruments. Surgical hooks play a crucial role in these procedures by enabling accurate tissue retraction and manipulation through smaller incisions. For instance, in January 2023, the International Society of Aesthetic Plastic Surgery (ISAPS) reported a 19.3% increase in procedures performed by plastic surgeons globally from 2020 to 2021, highlighting the trend towards minimally invasive surgeries and their impact on market growth.

Companies in the surgical hooks market are strategically investing to enhance their product portfolios and manufacturing capabilities. This strategic focus helps them meet the growing demand for advanced surgical instruments and maintain their competitiveness. For example, in January 2024, Surgical Instruments Group Holdings Ltd. announced plans to establish a healthcare device manufacturing facility in Hyderabad with an initial investment of Rs.231.5 crore ($27.7 million). This facility will manufacture a range of surgical instruments, including those used in minimally invasive surgeries and orthopedic procedures.

In August 2023, Steris plc acquired surgical instrumentation assets from BD, further expanding its product offerings in orthopedic and general surgery instruments. This strategic acquisition underscores the company's commitment to strengthening its position in the surgical instrument market.

Major companies operating in the surgical hooks market are Johnson & Johnson, Medtronic plc, Becton, Dickinson and Company, Medline Industries Inc., B. Braun Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, CooperSurgical Inc., Arthrex GmbH, Integra LifeSciences Holdings Corporation, KLS Martin SE & Co., AtriCure Inc, Titan Medical Inc., Hu-Friedy Manufacturing Company LLC, Aspen Surgical Products Inc., MORIA SA, Sklar Surgical Instruments, Pelican Feminine Healthcare Ltd., Thompson Surgical Instruments Inc., BOSS Instruments Ltd., Timesco Healthcare Ltd, TeDan Surgical Innovations, Inami & Co. Ltd., Aygun Surgical Instruments, Eastern Surgical Company.

North America was the largest region in the surgical hooks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical hooks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surgical hooks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Surgical hooks serve as specialized medical instruments employed during surgical procedures to manipulate tissues, organs, or internal structures of the body. These tools typically feature a shaft, either curved or straight, with a hook that can be sharp or blunt at its end. Their design emphasizes precision, enabling surgeons to execute precise maneuvers while minimizing tissue trauma.

In the surgical hooks market, the primary materials include titanium alloy, stainless steel, and plastic. Titanium alloy hooks are crafted from a combination of titanium and other metals, offering attributes such as lightweight construction, robustness, and high resistance to corrosion. These hooks are available in reusable and disposable varieties, catering to diverse applications across hospitals, clinics, and other healthcare settings.

The surgical hooks market research report is one of a series of new reports that provides surgical hooks market statistics, including the surgical hooks industry global market size, regional shares, competitors with surgical hooks market share, detailed surgical hooks market segments, market trends, and opportunities, and any further data you may need to thrive in the surgical hooks industry. These surgical hooks market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The surgical hooks market consists of sales of skin hooks, bone hooks, nerve hooks, and retractor hooks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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