|
Forecast Period
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2024-2028
|
|
Market Size (2022)
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USD 163.34 million
|
|
CAGR (2024-2028)
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8.74%
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|
Fastest Growing Segment
|
Hospitals & Clinics
|
|
Largest Market
|
Central Vietnam
|
Market Overview
Vietnam Surgical Instruments Market has valued at USD
163.34 million in 2022 and is anticipated to witness an impressive growth in
the forecast period with a CAGR of 8.74% through 2028. Surgical instruments
are specialized tools or devices used by healthcare professionals, particularly
surgeons and operating room personnel, during surgical procedures to perform
specific tasks with precision. These instruments are designed to aid in various
aspects of surgery, including making incisions, manipulating tissues,
controlling bleeding, suturing wounds, and achieving other surgical objectives.
Surgical instruments play a critical role in ensuring the success and safety of
surgical procedures. The increasing prevalence of medical conditions and the
growing aging population have led to a higher demand for surgical procedures.
Surgical instruments are essential tools in a wide range of surgical
interventions, from routine procedures to complex surgeries.
Ongoing advancements in surgical techniques,
including minimally invasive surgery (MIS) and robotic-assisted surgery, have
driven the need for specialized surgical instruments. These techniques require
precision instruments that enable surgeons to perform procedures through
smaller incisions, resulting in faster patient recovery times. Technological
advancements in surgical instrument design and manufacturing have led to the
development of more efficient and precise instruments. Innovations in
materials, coatings, and ergonomics have improved the functionality and
usability of surgical instruments. Increasing investments in healthcare
infrastructure in both developed and emerging markets have expanded access to
surgical procedures. The expansion of hospitals, surgical centers, and
outpatient facilities has led to a greater demand for surgical instruments. The
rising incidence of chronic diseases such as cardiovascular diseases, cancer,
and obesity has driven the need for surgical interventions. Surgical instruments
are essential in diagnosing and treating these conditions.
Key Market Drivers
Advancements in Surgical Techniques
Advancements
in surgical techniques refer to innovations and improvements in the methods and
approaches used by surgeons to perform surgical procedures. These advancements
aim to enhance the precision, safety, effectiveness, and patient outcomes of
surgical interventions. Laparoscopic surgery, also known as minimally invasive
surgery, involves making small incisions and using specialized instruments and
a camera (laparoscope) to perform procedures. It offers benefits such as
shorter recovery times, reduced pain, and smaller scars compared to traditional
open surgery. Robot-assisted surgery allows for greater precision and dexterity
in minimally invasive procedures. Surgeon’s control robotic instruments to
perform surgeries with improved accuracy and reduced hand tremors. Advancements
in medical imaging technologies, such as MRI, CT, and ultrasound, have enabled
surgeons to perform procedures with real-time imaging guidance. This enhances
accuracy and allows for more precise targeting of structures during surgery. Microsurgery
involves using specialized microscopes and precision instruments to perform
intricate surgical procedures on small structures, such as blood vessels and
nerves. These techniques are crucial in fields like plastic surgery and
neurosurgery.
Endoscopic procedures use thin, flexible tubes with
cameras and lights to visualize and operate on internal organs and tissues.
Advancements in endoscopic technology have expanded its applications in various
medical specialties. Organ transplantation techniques have advanced
significantly, with developments in organ preservation, immunosuppression, and
surgical procedures. These advancements have increased the success rates of
organ transplants. Minimally invasive techniques, such as transcatheter
interventions, have revolutionized cardiovascular surgery. Procedures like
angioplasty and heart valve replacement can be performed through catheters,
avoiding open-heart surgery in some cases. Advances in neurosurgical
techniques, including neuron avigation and awake brain surgery, have improved
outcomes in brain and spinal surgeries. These techniques enhance precision
while minimizing risks to critical brain structures. The use of
computer-assisted navigation systems in orthopedic surgery allows for precise
implant placement during joint replacements. Arthroscopic procedures have also
become more common for diagnosing and treating joint conditions. Innovations in
tissue engineering and regenerative medicine are changing the landscape of
reconstructive and transplant surgery. These techniques involve the creation of
artificial tissues and organs for transplantation. Telemedicine and telesurgery
technologies enable remote consultation and even remote surgery. Surgeons can
perform procedures on patients located in different geographical locations, expanding
access to specialized care. This factor will help in the development of Vietnam
Surgical Instruments Market.
Growth Emergency Care and Trauma Cases
Trauma cases, such as severe injuries from
accidents, falls, or violence, often require immediate surgical interventions
to control bleeding, repair damaged organs, and stabilize the patient's
condition. Surgical instruments are essential for these life-saving procedures.
Trauma and emergency situations frequently involve severe bleeding. Surgical
instruments like hemostatic clamps, forceps, and vascular clamps are used to
control bleeding and prevent further blood loss. Emergency surgical procedures
often involve the closure of wounds and lacerations. Sutures, staples, and
tissue adhesives are commonly used surgical instruments for wound closure in
trauma cases. Fractures, dislocations, and other orthopedic injuries frequently
require surgical intervention. Orthopedic surgical instruments like bone saws,
drills, and fixation devices are used to repair these injuries. Head injuries,
traumatic brain injuries (TBI), and spinal cord injuries may necessitate
neurosurgical procedures. Specialized neurosurgical instruments are used in
these cases, including microscopes, drills, and cranial access tools. Trauma to
the chest or abdomen may require surgical exploration and repair. Surgical
instruments like rib spreaders, thoracotomy instruments, and abdominal
retractors are used in these situations.
In cases of abdominal trauma or severe internal
bleeding, emergency laparotomy may be necessary. Surgical instruments are used
to access the abdominal cavity and perform necessary procedures. Trauma can
result in vascular injuries, including arterial or venous damage. Vascular
surgical instruments are used to repair or reconstruct blood vessels in
emergency situations. Severe burn injuries may require surgical debridement,
skin grafting, or other surgical procedures. Burn surgery involves the use of
specialized instruments for tissue removal and grafting. Ocular trauma cases
often require ophthalmic surgical instruments for procedures such as eye globe
repair or removal of foreign bodies. During infectious disease outbreaks or
natural disasters, trauma cases can increase significantly. Emergency medical
teams and surgical instruments are mobilized to provide rapid care to affected
individuals. Military medical personnel use surgical instruments in combat
zones and military medical facilities to treat injuries sustained by soldiers
and civilians in conflict areas. This factor will accelerate the demand of Vietnam
Surgical Instruments Market.
Rising Globalization and Medical Tourism
Patients from countries with limited healthcare
infrastructure or those seeking specialized treatments often travel abroad to
access high-quality medical services. Medical tourist destinations, known for
their advanced healthcare facilities, require a wide range of surgical
instruments to cater to the diverse needs of international patients. Medical
tourism hubs often have specialized centers of excellence in areas such as
cardiac surgery, orthopedics, cosmetic surgery, and more. These centers require
specialized surgical instruments to perform complex procedures efficiently and
with precision. Many medical tourists seek minimally invasive surgical
procedures to reduce recovery times and scarring. Minimally invasive surgeries
require specialized instruments, including laparoscopic and robotic-assisted
surgical tools. Patients traveling for cosmetic and plastic surgery procedures
contribute significantly to medical tourism. These surgeries require
specialized instruments for procedures like liposuction, breast augmentation,
and facelifts. Dental procedures are a common component of medical tourism.
Dentists in popular dental tourism destinations use various surgical
instruments for procedures like dental implants, oral surgery, and periodontal
treatments. Patients seeking orthopedic surgeries such as joint replacements
and spine procedures often travel internationally for advanced treatments.
Orthopedic surgical instruments are essential for these procedures. Cardiac
patients often travel abroad for complex cardiovascular surgeries. Surgical
instruments for open-heart surgery, angioplasty, and stent placement are in
demand in medical tourism destinations.
Eye surgeries, including cataract surgery and
refractive procedures like LASIK, are common among medical tourists. Ophthalmic
surgical instruments are required for these delicate surgeries. Women seeking
fertility treatments, reproductive surgeries, and obstetric care may travel for
specialized services. Surgical instruments for gynecological and obstetric
procedures are essential in medical tourism centers. Globalization increases
the risk of infectious disease outbreaks. Medical tourism destinations need surgical
instruments for infection control and outbreak response, including isolation
and containment procedures. Medical tourism destinations often have regulatory
standards to ensure patient safety. Compliance with these standards requires
the use of high-quality surgical instruments that meet international
regulations. Medical tourism providers aim to attract international patients by
offering state-of-the-art facilities and the latest surgical techniques. Having
access to advanced surgical instruments is a competitive advantage in this
industry. Medical tourism can boost the local economy of destination countries.
The demand for surgical instruments supports the healthcare sector and related
industries, creating jobs and economic growth. This factor will pace up the
demand of Vietnam Surgical Instruments Market.
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Key Market Challenges
Infection Control
Maintaining proper sterilization standards for
surgical instruments is essential to eliminate microorganisms that may be
present on the instruments. Compliance with sterilization protocols is crucial
but can be challenging in some healthcare facilities due to resource
limitations. Ensuring that surgical instruments meet international quality and
safety standards is vital for infection control. This includes the use of
instruments made of materials that can withstand sterilization processes
without damage or corrosion. Proper handling of surgical instruments, from
cleaning to packaging and storage, is essential to prevent contamination.
Inadequate handling can lead to instrument contamination before surgery. Availability
and maintenance of sterilization equipment, such as autoclaves, are necessary
for ensuring the effectiveness of the sterilization process. Healthcare
facilities may face challenges in procuring and maintaining these essential
devices. Healthcare personnel need to be trained and educated in infection
control practices, including proper instrument sterilization and handling.
Continuous training and awareness programs are essential. Some healthcare
facilities in Vietnam, particularly in rural areas, may face resource
constraints that limit their ability to invest in state-of-the-art
sterilization equipment and maintain strict infection control measures. Ensuring
compliance with infection control regulations and guidelines requires effective
regulatory oversight. Regulatory authorities may face challenges in monitoring
and enforcing these standards consistently. The emergence of new pathogens or
antibiotic-resistant bacteria poses an ongoing challenge for infection control
efforts. Healthcare facilities must adapt their protocols to address evolving
threats. Events such as pandemics can strain healthcare systems and increase
the risk of infection transmission. Strict infection control measures are
critical during such events.
Access to High-Quality Instruments
Some healthcare facilities in Vietnam, especially
those in rural or underserved areas, may face resource constraints that limit
their ability to procure high-quality surgical instruments. Budget limitations
can affect their purchasing power. The domestic production of high-quality
surgical instruments may be limited in Vietnam. Relying on imports can lead to
challenges related to supply chain logistics, availability, and cost. The
presence of counterfeit or substandard surgical instruments in the market can
be a significant concern. These products may not meet international quality and
safety standards, posing risks to patient safety. Ensuring that imported
surgical instruments comply with international regulatory standards and quality
requirements can be a challenge. Adequate oversight and regulation are
necessary to verify the quality of instruments. Healthcare professionals must
be trained to recognize and select high-quality instruments. Without proper
training, there is a risk of using substandard or inappropriate instruments for
surgical procedures. Some healthcare providers may lack awareness or
information about the importance of using high-quality surgical instruments.
Raising awareness about the potential risks associated with substandard
instruments is essential. Dependence on international suppliers for surgical
instruments makes the supply chain vulnerable to disruptions, including global
events like the COVID-19 pandemic. Ensuring that surgical instruments are made
of materials that can withstand sterilization processes without damage or
corrosion is crucial for infection control and patient safety. Budget
considerations may lead healthcare facilities to opt for lower-cost
instruments, which may not always meet the highest quality standards. Investing
in the capacity of domestic manufacturers to produce high-quality surgical
instruments can reduce dependence on imports and boost the availability of
reliable products. Healthcare professionals should receive training and
education on the selection, use, and maintenance of high-quality surgical
instruments.
Key Market Trends
Market Consolidation
The surgical instruments market is highly
competitive, with numerous manufacturers and suppliers worldwide. Market
consolidation allows companies to gain a competitive edge by expanding their
product portfolios, customer bases, and geographic reach. Larger companies
often benefit from economies of scale, which can lead to cost efficiencies in
manufacturing, distribution, and research and development. Consolidation allows
companies to achieve these economies, leading to improved profitability. Companies
in the surgical instruments market seek to diversify their product offerings to
meet the evolving needs of healthcare providers. Acquisitions and partnerships
enable diversification into complementary product categories, such as surgical
equipment, diagnostics, and medical devices. Market consolidation facilitates
global expansion. Companies can acquire or partner with firms in different
regions to gain access to new markets and distribution channels. This is
especially important as healthcare markets grow in emerging economies. Advancements
in surgical technology, including robotic-assisted surgery and advanced
imaging, drive the need for integrated solutions. Consolidation allows
companies to offer comprehensive surgical suites that include instruments,
equipment, and software solutions. Collaborative agreements between companies
can accelerate research and development efforts. Partnerships and acquisitions
often involve sharing expertise, resources, and intellectual property to
develop innovative surgical instruments. Regulatory requirements for medical
devices are becoming increasingly stringent. Larger, consolidated companies may
have the resources and expertise to navigate complex regulatory processes more
effectively. Consolidation can result in the creation of strong, recognized
brands in the surgical instruments market. These brands often instill trust and
confidence in healthcare providers. The ability to maintain high-quality
standards is essential in the surgical instruments market. Larger, consolidated
companies can invest in quality assurance and compliance measures to meet
regulatory requirements and customer expectations. Larger companies can often
provide enhanced customer support, training, and after-sales service, which are
important factors for healthcare providers when selecting their surgical
instrument suppliers.
Segmental Insights
Type Insights
In 2022, the Vietnam Surgical
Instruments Market largest share was dominated by Surgical Staplers segment in
the forecast period and is predicted to continue expanding over the coming
years. Surgical
staplers are commonly used in minimally invasive surgery (MIS), including
laparoscopic and robotic-assisted procedures. The adoption of MIS techniques
has seen significant growth due to their benefits, such as smaller incisions,
reduced tissue trauma, shorter hospital stays, and faster patient recovery.
Surgical staplers are essential tools in these minimally invasive approaches. Modern
surgical staplers are designed to be ergonomic and user-friendly. Surgeons and
operating room staff appreciate their ease of use, which can contribute to
improved surgical outcomes. The use of surgical staplers is widespread in
surgical practices worldwide, contributing to their global demand. Surgeons in
various countries rely on these instruments for a range of surgical procedures.
End-user Insights
In 2022, the Vietnam Surgical
Instruments Market dominated by hospital & clinics segment and is predicted
to continue expanding over the coming years. Hospitals
and clinics are the primary settings for surgical procedures. They handle a
vast number of surgeries daily, ranging from routine procedures like
appendectomies and hernia repairs to complex surgeries such as cardiac
surgeries and organ transplants. Each of these surgeries typically requires the
use of surgical sutures for wound closure. Hospitals and clinics encompass a
wide range of medical specialties, including general surgery, orthopaedics,
gynaecology, neurosurgery, cardiovascular surgery, and more. Each specialty may
require specific types of sutures tailored to the needs of the procedure. This
diversity in medical specialties drives the demand for various types of
surgical sutures. Advancements in surgical techniques and technology often
occur first in hospital settings. These innovations can lead to the development
of specialized sutures or the adoption of new suture materials, further driving
demand within the hospital and clinic segment.
Regional Insights
The Central Vietnam region dominates the Global Surgical
Instruments Market in 2022. The
market in the region is expanding because of factors including high healthcare
costs, the presence of reputable hospitals, and large businesses operating. Furthermore,
it is predicted that over the course of the forecast period, technological
developments and increased demand for minimally invasive surgeries will propel
the regional market.
Northern Vietnam is expected to witness the fastest
growth during the forecast period. Upgrades need to be boosted by rising
disposable income, which will also support the expansion of the regional
industry. Orthopedic and cardiovascular surgery volumes are predicted to
increase as the region's ageing population grows.
Recent Developments
In September 2018, Ho Chi
Minh City welcomed the opening of the 13th International Exhibition on Products
and Supplies for Medical, Pharmaceutical, Hospital and Rehabilitation (Pharmed
and Healthcare Vietnam 2018), presenting cutting-edge and high-tech medical
equipment. Pharmed and Healthcare Vietnam features 600 booths with a variety of
pharmaceutical products, machinery for making and packaging drugs, equipment
for healthcare and rehabilitation, surgical instruments, and products for
beauty care, among other things, on a 10,000 sq. m. total display area.
Key Market Players
- Medtronic Vietnam
- Johnson & Johnson
Vietnam
- Fujifilm Vietnam Co, Ltd.
- B.Braun Vietnam Co., Ltd.
- Olympus Vietnam
- Mindray Vietnam
- KARL STORZ SE & Co. KG
- Sun Technology JSC
- Stryker Vietnam
- Smith & Nephew Vietnam
|
By Type
|
By End User
|
By Region
|
|
Surgical Staplers
Handheld Instruments
Surgical Scopes
Electrosurgical Devices
Others
|
Hospitals & Clinics
Ambulatory Care Centers
Others
|
Northern Vietnam
Southern Vietnam
Central Vietnam
|
Report Scope:
In this report, the Vietnam Surgical Instruments Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Surgical
Instruments Market, By
Type:
o Surgical Staplers
§ Linear Staplers
§ Circular Staplers
§ Others
o Handheld Instruments
§ Graspers
§ Retractors/Elevators
§ Suturing Instruments
§ Dilators
§ Others
o Surgical Scopes
§ Laparoscopes
§ Gastroscopes
§ Cystoscopes
§ Ureteroscopes
§ Others
o Electrosurgical Devices
§ Electrosurgery Instruments & Accessories
§ Electrosurgery Generators
§ Patient Return Electrodes
o Others
- Surgical
Instruments Market, By
End User:
o Hospitals & Clinics
o Ambulatory Care Centers
o Others
- Vietnam Surgical Instruments
Market, By region:
o Northern Vietnam
o
Southern
Vietnam
o
Central
Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Vietnam Surgical Instruments Market.
Available Customizations:
Vietnam Surgical Instruments Market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Vietnam Surgical Instruments Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]