Global surgical scalpel market is anticipated to witness exponential growth in the forecast period. Surgical scalpels are sharp instruments that are used for operations and the other medical activities. They can be reusable (can be reused after sterilization) and disposable (single-use scalpels). The factors that propel the growth of the market include surge in the number of health care services across globe, less regulatory requirements for product launch, growing incidence of neurological and cardiovascular diseases and increasing acceptance of minimally invasive procedure.
On the other hand, there are factors that may hamper the growth of the market including risks associated with the handling of scalpels, accessibility of substitutes, absence of key developments in the arena, and increased concerns toward the safe disposal of used scalpels. The market is anticipated to expand at a significant CAGR of 4.26% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The new trends in market that are likely to drive the development of the surgical scalpel market are increasing occurrence of cardiovascular as well as neurological diseases. Furthermore, rising demand for slightly invasive procedures coupled with current technological advancement in the field of surgical scalpel are some of the other factors that will propel the surgical scalpel market in the forecast period.
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The market could be explored by number of type, type, material, application, end user, and geography. Market could be explored by number of type as Handle and Blades (More than number 34, Number 25 to number 34, Number 19 to number 24, Number 13 to number 18, and Number 6 to number 12). Based on type, the market could span Safety Surgical Scalpels and Standard Surgical Scalpels.
The market could be explored by material High Grade Carbon Steel, Stainless Steel and others. The key applications that could be explored in the market include Orthopedic surgeries, General surgeries, Cardiovascular surgeries, and Bariatric surgeries. The market could be explored based on end user as Surgical Centers, Hospitals, Clinics, and Others.
North America accounted for the major share of the surgical scalpel market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing number of startups in the region as well as the implementation of security norms in the Canada and United States and high demand for surgical scalpels. North America is followed by Asia-Pacific region owing to increase in number of surgical procedures in countries such as Japan India, and China.
Some of the key players that fuel the growth of the surgical scalpel market comprise Surgical Specialties Corporation, Swann-Morton Limited, KAI Industries Co. Lmt., SteriLance Medical (Suzhou) Inc., Hu-Friedy Mfg. Co., LLC, Hill-Rom, Huaiyin Medical Instruments, Co. Ltd., Feather Safety Razor Co Ltd., Geister Medizintechnik GmbH, Becton, Dickinson and Company, Mani Inc., Apex med International and Aspen Surgical. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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