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Increasing prevalence of chronic diseases is expected to drive the market size. Chronic diseases, such as cardiovascular diseases, cancer, diabetes, and orthopedic conditions, continue to pose a significant health burden worldwide. For instance, according to the WHO data, in 2021, around 422 million people worldwide were suffering from diabetes and is estimated to increase in the near future. This rising instance of chronic ailment has augmented the in-patient hospitalization for surgical interventions and augmenting the market trends. Factors such as aging populations, sedentary lifestyles, and changing dietary patterns contribute to the increasing prevalence of these conditions. Surgical interventions are often required for the diagnosis, treatment, and management of chronic diseases, driving the demand for hand-held surgical instruments.
Additionally, management of chronic diseases require surgical interventions at various stages of diagnosis and treatment. For instance, cardiovascular diseases may necessitate procedures such as coronary artery bypass grafting or cardiac catheterization, while cancer treatments often involve surgeries for tumour removal or biopsies. Hand-held surgical instruments play a crucial role in these procedures, enabling surgeons to perform precise and controlled maneuvers. Expanding healthcare infrastructure, particularly in emerging markets, is creating greater accessibility to surgical interventions for chronic diseases.