Tenaculum Market: Global Industry Analysis and Forecast (2023-2029)

Tenaculum Market size was valued at US$ 2.20 Bn. in 2022 and the total Tenaculum revenue is expected to grow at 3.2% through 2023 to 2029, reaching nearly US$ 2.75 Bn.
Tenaculum Market Overview:
A tenaculum is a surgical device that is commonly categorized as a sort of forceps. It is made out of a thin pointed hook connected to a shaft and is mostly used during surgery to seize and retain pieces e.g. blood vessels.

The one-toothed tenaculum is utilized for stability and traction in most gynecologic operations involving cervix and intrauterine instrumentation, and it permits the uterus to descend within the pouch. Most notably, the tenaculum reduces uterine bending and facilitates the entry of tools into the uterine cavity. Tenaculum entry, extraction of intrauterine devices, uterine biopsy, uterine suction, and hysterectomy are all procedures that are commonly performed prior to insertion of intrauterine devices. Despite the tenaculum's widespread use and relevance, little research has directly compared pain-reduction approaches with tenaculum use.

In this report, the Tenaculum market's growth reasons, as well as the market's many segments (Type, End-User, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Tenaculum market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Tenaculum market situation.

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Tenaculum Market Dynamics:
The number of surgical operations performed throughout the world has increased significantly. According to WHO estimates (2020), around 240 million major surgical procedures are performed throughout the world each year. The fast-expanding senior population globally, as well as the increasing frequency of chronic illnesses, can be attributable to the rising number of operations. The senior population is more likely to develop chronic diseases. Geriatrics is an important section of the entire patient population due to their increased vulnerability to such illnesses. Because the senior population is more susceptible to orthopedic, coronary, and ocular diseases, surgical procedures are a viable therapy choice for the majority of these illnesses. As a result, the demand for specific treatment and interventional surgeries is forecast to rise in tandem with the aging population which in turn drives the market into consideration.

For medical tools manufacturers, the regulatory framework is particularly unclear. Between 2015 and 2020, the median time necessary to approve a premarket notification application climbed by 30%, while the time necessary to attain marketing approval clearance increased by 40%. United States FDA requires additional clinical evidence on a manufacturer's medical safety and effectiveness. This results in larger clinical trial investments by firms, interruptions in the clearance process, and immediate cash needs for in-depth post-marketing monitoring investigations. It also raises the possibility of goods recalls, notably when firms lack the resources to undertake extra studies to satisfy the FDA's latest data criteria. These regulatory delays are also limiting the growth of the market for surgical tools e.g. tenaculum. These regulatory measures also make it difficult for smaller companies to enter the market.
Tenaculum Market Segment Analysis:
By End-User, the hospital segment dominated the market in 2022. It is expected to hold its dominant position at the end of the forecast period. This can be attributed to the growth in uterine surgeries over the years.

A spike in the proportion of people undergoing uterine fibroids is expected to be a major prospect driving the market ahead. Fibroids are widespread in women aged 45-51 years, as per the United States Department of Health and Human Services, Center on Women's Health, and 15-20 percent of women get fibroids by the age of 45. According to a 2019 study including women with endometrial hyperplasia, hysterectomy and endometrial ablation were the most popular surgical treatments.

Another study published in 2018 that included around 4900 Italian women with uterine fibroids found that 90 percent of the procedures were performed on women aged 35-50 years. Furthermore, an increase in the number of minimally invasive surgical operations due to fewer problems and shorter hospital stays is expected to drive the market growth. Advanced technologies, e.g. an increase in the number of automated and laparoscopic-assisted procedures to provide efficient and consistent treatment, may also help to the growth of the tenaculum market.

In the aftermath of the coronavirus outbreak, cardiac surgery services have been structurally remodeled into a centralized system in order to maintain urgent care services besides hospital treatment of coronavirus infected individuals. Although these techniques have aided in the targeted care of coronavirus patients, it is vital to consider the long-term repercussions of postponed elective heart surgery. Patients with heart problems are more prone to develop chronic illnesses. These disorders may necessitate minimally invasive therapy using portable tools, surgical instruments, and cutting equipment, strengthening the market growth. Furthermore, the procedure volume for heart surgery decreased significantly from 2019 to 2020, although it is predicted to climb in the forecast period due to the congestion created by this delay. This is projected to drive the market demand even further.
Tenaculum Market Regional Insights:
Developing markets e.g. India, Malaysia, and Vietnam, as well as African and Middle Eastern nations such as Israel, Saudi Arabia, and the United Arab Emirates, provide considerable growth prospects for key market participants. This is due to reduced regulatory hurdles, advancements in medical infrastructure, an increasing patient population, and increased health expenditures. Furthermore, regulatory rules in the Asia Pacific area are more adaptable and corporation-friendly than in industrialized countries. This, along with increased competition in established regions, has prompted leading companies in the market to concentrate their efforts in emerging areas.

The objective of the report is to present a comprehensive analysis of the Tenaculum market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Tenaculum market dynamics, structure by analyzing the market segments and projecting the Tenaculum market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Tenaculum market make the report investor’s guide.
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Tenaculum Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.20 Bn.


Forecast Period 2023 to 2029 CAGR:
3.2 %
Market Size in 2029:
US $ 2.75 Bn.


 Segments Covered:
by Type
Tenaculum Forceps 27cm.
Tenaculum Forceps 19cm.
Tenaculum Forceps 18cm.
Tenaculum Forceps 26.5cm
Tenaculum Forceps 25cm.


by End-User
Hospitals
Clinics
Ambulatory Care Centers
Others



Tenaculum Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Tenaculum Market Key Players:
1. Integra LifeSciences Corporation
2. Sklar Surgical Instruments
3. Novo Surgical Inc.
4. Cooper Surgical Inc.
5. McKesson Medical-Surgical Inc.
6. Frankenman International Limited
7. Intuitive Surgical Inc.
8. Meril Life Science Pvt. Ltd
9. Boston Scientific Corporation
10. Cadence
11. CONMED Corporation
12. Medtronic PLC
13. Olympus Corporation
14. Siemens Healthineers
15. B Braun Melsungen AG

FAQs:

1. Which is the potential market for the Tenaculum in terms of the region?
Ans. Developing markets e.g. India provide considerable growth prospects.

2. What are the opportunities for new market entrants?
Ans. The number of surgical operations performed throughout the world has increased significantly.

3. What is expected to drive the growth of the Tenaculum market in the forecast period?
Ans. A spike in the proportion of people undergoing uterine fibroids is expected to be a major prospect driving the market ahead.

4. What is the projected market size & growth rate of the Tenaculum Market?
Ans. Tenaculum Market size was valued at US$ 2.20 Bn. in 2022 and the total Tenaculum revenue is expected to grow at 3.2% through 2023 to 2029, reaching nearly US$ 2.75 Bn.

5. What segments are covered in the Tenaculum Market report?
Ans. The segments covered are Type, End-User, and Region.