Surgical Scalpel Market to Grow at a CAGR of 3.5% to reach US$ 759.4 Mn from 2016 to 2025

Surgical Scalpel Market to 2025 - Global Analysis and Forecasts by Product (Disposable Surgical Scalpel, Reusable Surgical Scalpels and Accessories); Type (Standard Surgical Scalpels and Safety Surgical Scalpels); Material (Stainless Steel, High Grade Carbon Steel and Others); End User (Hospitals, Ambulatory Surgical Centers, Nursing Centers and Reference Laboratories) and Geography

Publication Month : Jun 2018

  • Report Code : TIPHE100000988
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 234
Inquire Before Buy

PRICING

$4550

$2730

The surgical scalpels market is expected to reach US$ 759.4 Mn in 2025 from US$ 554.8 in 2016. The market is estimated to grow with a CAGR of 3.5% from 2016-2025

North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant rate in Asia Pacific (APAC) region during the forecast period. The demand for surgical scalpels in the region is anticipated to increase during the forecast years owing to factors such as increase in the number of surgical procedures in the region. Thus, there is a vast potential for the surgical scalpel market to witness rapid growth in the coming years.

 Lucrative Regional Markets

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights

Technological Advancements in the field of Surgical scalpel

In recent years, there has been a considerable developments in the field of medicine. The growing of surgical procedures have increased the demand of surgical instruments. Surgical scalpel offers benefits such as, performing surgical procedures with ease, accuracy. The advancements in the field of surgical procedures have also increased the development of surgical scalpels. Many researchers and companies have developed innovative type of scalpels for the performance of surgeries. For example, in April 2016, David Oliva Uribe developed the smart scalpel in Brussels, Belgium, which has no edge, a sensor-rich sphere at the tip, and instead of having the capability to cut people open, it can differentiate between cancerous tumors and normal brain tissue. The tool's especially useful when locating early stage tumors which is similar to the healthy tissue.

Increase in the Number of Surgical Procedures

The rise of the surgical procedures have also increased the use of surgical equipment to perform the surgery. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals among others, causes chronic diseases. Surgical scalpel procedures have been opted by men on a large scale in the past few years. Since men are more prone to baldness, they hold maximum share as the users of surgical scalpel procedures. According to American Society of Plastic Surgeons, the rise in several cosmetic surgeries have become one of the major factors for the market growth. Thus growing surgical procedures and rise in the awareness are expected to boost the surgical scalpel market in the coming years.

Increase in the Risk of Injury Due to Scalpels

Surgical blades and scalpels are among the most common and simple surgical devices used for the surgery since ages. If the patient is opting for the surgery, it is necessary to obtain essential knowledge about the procedure and the technician who is going to perform the procedure, since the procedure is complicated in nature and requires utmost care post-surgery.

Scalpel blade injury is among the top five common kinds of sharps injuries, second to needle-stick injuries. For instance, in March 2017, the incidence rate of scalpel blade injuries, is 662 per 100,000 scalpels removed. Scalpel injuries signify a multi-faceted risk as they cause mechanical injury and expose both the injured worker and the patient to the risk of contracting blood borne infection.

Product Insights

The surgical scalpel market by product is segmented into disposable surgical scalpels segment, reusable surgical scalpels segment and accessories. The disposable surgical scalpels segment is poised to grow with a largest market share of 60.6% in 2017. The segment is growing due to increase in the awareness regarding the importance of safe disposal surgical scalpels. Owing to these factors, the market for disposable surgical scalpels is anticipated to surge during the forecast period from 2016 to 2025, at a significant rate.

End User Insights

On the basis of end user, the surgical scalpel market is segmented into hospitals, ambulatory surgical centers, nursing centers market and reference laboratories. The hospitals segment is expected to have a CAGR of 3.7% in the forecast period owing to benefits such as, increasing number of surgical procedures being performed in hospitals and rising number of hospitals. Owing to these factors, the segment of hospitals is expected to grow during the forecast period.

Surgical scalpel Market, by End User

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Surgical Scalpel Market: Strategic Insights

surgical-scalpel-market
Market Size Value inUS$ 554.8 Million in 2016
Market Size Value byUS$ 759.4 Million by 2025
Growth rateCAGR of 3.5% from 2017-2025
Forecast Period2017-2025
Base Year2017
Analyst Image

Akshay

Have a question?

Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Product launch/update and agreements & collaborations were observed as the most adopted strategy in global surgical scalpel industry. Few of the product launches and agreements made by the players in the market are listed below:

2017: Hill-Rom introduced its new line of safety surgical instruments including the Bard Parker SafeSwitch disposable scalpel handle and scalpel handle cover, as well as the new Bard Parker Blade Remover. 

2016: Swann Moron signed an agreement to distribute Qlicksmart Sharps Safety Solutions in United Kingdom.

SURGICAL SCALPEL – MARKET SEGMENTATION

By Product

  • Disposable Surgical Scalpel
    • Scalpel Blades
    • Scalpel Handles
  • Reusable Surgical Scalpel
    • Scalpel Handles
    • Scalpel Blades
  • Accessories

By Type

  • Standard Surgical Scalpels
  • Safety Surgical Scalpels

 

By Material

  • Stainless Steel
  • High Grade Carbon Steel
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Nursing Centres
  • Reference Laboratories


By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • U.K
  • Asia Pacific

    • Japan
    • China
    • India
  • Middle East & Africa

    • UAE
    • Saudi Arabia
    • South Africa
  • South & Central America

    • Argentina
    • Brazil

Company Profiles

  • 3D HISTECH Ltd
  • Apollo Enterprise Imaging Corp.
  • Huron Surgical scalpel
  • Leica Biosystem Nussloch GmbH
  • Ventana Medical System, Inc.
  • Hamamatsu Photonics K.K
  • Xifin, Inc.
  • Koninklijke Philips N.V
  • Visiopharm
  • Indica Labs, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product ; Type ; Material ; End User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. B. Braun Melsungen AG
  2. Integra LifeSciences Corporation
  3. Hill-Rom Services Inc.
  4. Cardan Medical Products
  5. pfm medical ag.
  6. Ansell
  7. Swann Morton Limited
  8. Cadence Inc.
  9. Medicom
  10. PL Medical Co., LLC
  11. Southmedic
  12. Kai Corporation. and Kai Industries Co., Ltd.
  13. VOGT MEDICAL
  14. P. J. Dahlhausen & Co. GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Surgical Scalpel Market