Global Surgical Scalpels Market: Preference for Minimally Invasive Procedures Stymies Growth
The
global surgical scalpels market was valued at nearly US$ 1 Bn in 2017, and it
is projected that it will grow at a modest CAGR of 3.8% during the assessment
period to reach US$ 1.4 Bn by 2027. These insights are according to a research
report titled “Surgical Scalpels Market:
Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027”
that has been added to the repository of Market Research Reports Search Engine
(MRRSE).
The
report is a comprehensive source of information and analysis for stakeholders
in the surgical scalpels market. The key factors that are driving the growth of
the market have been analyzed in detail. The current challenges, along with the
influence of regulatory bodies have been studied and an assessment has been
offered to readers. The latest trends, product developments, and an overview of
the demand-supply value chain has been included in the report for the perusal
of readers. According to the report, growing emphasis on procuring efficient
surgical tools will continue to provide an impetus to market growth. However,
the pervasive trend of minimally invasive procedures has led to waning demand
for surgical scalpels in the last five years or so. The report opines that
surgical scalpels will witness limited adoption among end-users, on account of
growing preference towards advanced and minimally invasive procedures.
In a bid to give readers detailed
information and insights, the report offers holistic analysis and forecast on
the basis of key segments. The segment-wise analysis included in the report
gives readers a deeper understanding on the lucrative and sluggish avenues in
the market. The report has segmented the market on the basis of product, material,
end-user, and region. According to the report, disposable surgical scalpels
continue to account for highest revenue among all product types. The report
projects this segment to grow at a CAGR of nearly 3.5% during the assessment
period. By material type, stainless steel surgical scalpels continue to outsell
high grade carbon steel variants. By end-user, hospitals is the largest
segment, however, demand has increased steadily from ambulatory care segment in
recent years. By region, Asia Pacific excluding Japan (APEJ) is likely to
remain the largest market for surgical scalpels during the assessment period.
The growth of the market in Asia Pacific excluding Japan can be attributed to
the fact that minimally invasive procedures are still at a nascent stage in the
region.
The report also offers a detailed
competitive landscape and analyzes the business and product strategies of some
of the leading players. The key players in the market include Swann-Morton
Limited, Hu-Friedy Mfg. Co., LLC, and VOGT Medical, Medtronic Plc., Hill-Rom,
PL Medical Co., LLC.
For More Info, Click the link - https://www.mrrse.com/surgical-scalpel-market
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