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Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon's dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety. The handheld surgical instruments segment accounted for the largest share of the surgical device market.

Needle holders are very similar in shape to hemostats, featuring jaws, and handles. Needle holders allow the needle to be locked into place for suturing, in a variety of tissue types. Surgical operations demand surgeons to frequently engage in hand-intensive activities, including suturing. The market is growing, due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries. According to the updates in 2021, Australian Institute Health and Welfare, in 2020-2022, 754,600 people were admitted for surgery from public hospital elective surgery waiting lists. The most common surgical specialty was general surgery (21%), followed by urological surgery (15%). Thus, an increased number of admission for surgical procedures in the Australia likely to boost the segment growth over the foreacast period.

Moreover, the key player focused on strategic partnerships, mergers, and acquisitions to launch innovative and technologically advanced products to fuel the market demand. For instance, in June 2022, Smith+Nephew has announced the debut of its latest robotics platform in Australia and New Zealand, as well as a suite of technology solutions called Real Intelligence. The CORI Surgical System, which is Food and Drug Administration approved in the United States, is a portable robotic option for partial and complete knee replacements. Thus, all aforementioned factors are expected to post the segment growth over the forecast period.