USD 3.15 billion
Report ID:
SQMIG35A2587 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
95
|Figures:
66
Global Surgical Scissors Market size was valued at USD 3.15 billion in 2022 and is poised to grow from USD 3.23 billion in 2023 to USD 3.93 billion by 2030, growing at a CAGR of 2.5% in the forecast period (2024-2030).
The continuous development of minimally invasive surgical techniques and robotic-assisted surgeries has led to increased demand for specialized surgical instruments like surgical scissors. These advancements often require specialized scissors for precise cutting, dissection, and suturing, driving the demand for innovative and efficient surgical scissors.
The global population is aging, leading to an increased prevalence of chronic diseases and conditions that require surgical interventions. This demographic shift has resulted in a higher number of surgical procedures being performed, which in turn drives the demand for surgical instruments, including surgical scissors.
The surgical instrument industry has seen ongoing technological innovations, including the development of new materials, ergonomic designs, and improved durability of surgical scissors. Surgeons and healthcare facilities are increasingly looking for instruments that are more comfortable to use, reduce fatigue, and enhance overall surgical precision, which has fueled the demand for technologically advanced surgical scissors.
US Surgical Scissors Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.15 billion
Largest Segment
Reusable
Fastest Growth
Disposable
Growth Rate
2.5% CAGR
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The global surgical scissors market is segmented on the basis of type, materials, application, end – use, region. By type, the market is segmented into reusable, disposable. By materials, the market is segmented into tungsten, stainless steel, titanium, ceramic, others. By application the market is segmented into cardiology, orthopedics, gastroenterology, dermatology, neurology, oral and throat, others. By end – use, the market is segmented into hospitals & clinics, ambulatory surgical centers, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Surgical Scissors Market Analysis By Type
The reusable segment asserted its dominance, securing a substantial share amounting to approximately 65.3% within the market landscape. This impressive position can be attributed to the escalating favor and widespread adoption of reusable surgical scissors on a global scale.
Simultaneously, the disposable surgical scissors segment held significant ground in the market. This presence is linked to the strong recommendation of disposable surgical scissors by healthcare experts. Such recommendations are rooted in the imperative need to minimize the risk of infections and a range of diseases. Opting for disposable surgical scissors serves as a strategic approach to tackle the complexities associated with sterilizing surgical instruments utilized throughout medical procedures, thus attesting to their instrumental role in ensuring hygiene and safety standards.
Surgical Scissors Market Analysis By Application
Notably, cardiology emerges as a prominent segment, holding a significant share of approximately 22.6%. Given this critical role in cardiac procedures, the cardiology segment is poised to experience notable growth during the projected time frame. This growth trajectory is further propelled by the rising global prevalence of cardiovascular diseases.
In parallel, the orthopedics segment displays a compelling CAGR of over 6.23% throughout the forecast period. The escalating prevalence of orthopedic disorders, spurred by an aging population, is anticipated to fuel demand for surgical scissors in this field. A noteworthy factor contributing to this growth is the substantial number of sports-related injuries among high school athletes, a statistic highlighted by the CDC. The treatment of these chronic ailments, often involving surgical interventions, fosters a robust demand for surgical instruments, particularly surgical scissors, thus substantiating the overall expansion of the market.
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North America dominated the surgical scissors market, commanding a significant share of approximately 42.5%. This prevalence can be attributed to the escalating occurrences of chronic ailments encompassing cardiovascular, neurological diseases, dermatological issues, and orthopedic disorders. These factors collectively drive market expansion in the North American region. Furthermore, the surge in surgical procedures due to accidents, burns, and trauma cases further fuels market growth across this area.
In the European region, the second-highest revenue share was observed, poised for a projected Compound Annual Growth Rate (CAGR) of around 6.36% during the forecast period. Europe boasts technologically advanced nations housing numerous institutions offering intricate surgical interventions for various disease treatments. The increasing prevalence of chronic conditions within Europe prompts a surge in surgical interventions, contributing to the growth of this market segment.
Concurrently, the Asia Pacific region is forecasted to exhibit the most remarkable growth, projected at approximately 6.89%. This surge is driven by well-established healthcare infrastructure in nations like Japan, as well as ongoing advancements in India and China. Additionally, the growing elderly population significantly impacts this region's market dynamics. Notably, China experiences a significant disease burden, with chronic conditions such as cardiovascular diseases, neurological disorders, diabetes, and accidental injuries ranking among the leading causes of death. This scenario further propels the market's expansion, aligning with the high-impact drivers in the Asian market.
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Surgical Scissors Market Drivers
Rising Incidence of Chronic Diseases
Advancements in Healthcare Infrastructure
Surgical Scissors Market Restraints
Risk of Infections and Complications
High Cost of Surgical Procedures
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The competitive landscape of the global surgical scissors market is marked by a blend of established industry leaders and emerging players vying for market share. This dynamic ecosystem reflects the industry's essential role in the healthcare sector. Notably, key players often concentrate on strategies such as product innovation, mergers, acquisitions, partnerships, and regional expansions to strengthen their foothold. Prominent market participants bring a wealth of experience and resources to the table. These industry giants are often at the forefront of pioneering advanced surgical scissors designed to cater to evolving medical demands. Their established brand reputation, robust distribution networks, and extensive research and development capabilities solidify their positions in the market.
Simultaneously, newer entrants and smaller players contribute to the market's diversity, injecting fresh ideas and innovative solutions. This competitive landscape fosters healthy rivalry, encouraging continuous technological enhancements and the introduction of specialized surgical scissors for specific medical applications. Customer relationships and service quality are paramount, as surgical scissors must meet rigorous safety and precision standards. Companies often emphasize comprehensive solutions, including after-sales support, training, and maintenance services.
Surgical Scissors Market Top Player’s Company Profiles
Surgical Scissors Market Recent Developments
In February 2024, Anika Therapeutics, Inc., a global organization working in joint preservation, displayed its most recent items at the 2024 American Foundation of Orthopedic Surgeons (AAOS) Annual Meeting in San Francisco, CA. The attention was on its Regenerative Solutions, Sports Medication, and Arthrosurface Joint Arrangements organizations, especially featuring its shoulder portfolio. This incorporates new items like the Integrity Implant System for rotator cuff repair, RevoMotion Reverse Shoulder Arthroplasty (RSA) System with AIMTM surgical planning software, X-Twist Fixation System with biocomposite suture anchor, OVOMotion® with Inlay Glenoid Total Shoulder Arthroplasty (TSA) System, and all the more early intervention orthopedic solutions. Visitors could find these displayed at corner #5145.
In January 2024, SS Innovations Global, International., a designer of cutting-edge surgical robotic technologies, uncovered a partnership with India's top medical equipment provider, Medikabazaar. This coordinated effort expects to empower the offer of SS Innovations' lead SSi Mantra Surgical Robotic System to emergency clinics and clinical offices all through India. The objective is to make mechanical medical procedures more reasonable and open to a more extensive populace internationally.
In November 2023, J&J MedTech reported plans to direct US clinical preliminaries for its Ottava surgical robot, with trials expected to start in late 2024.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global surgical scissors market analysis, the global surgical scissors market reflects a dynamic landscape shaped by a synergy of established players and emerging contenders. The industry's competitive nature is underscored by a focus on innovation, strategic partnerships, and expanding geographical presence. Prominent companies leverage their expertise to deliver cutting-edge surgical scissors tailored to diverse medical applications, while newer entrants infuse the market with fresh ideas.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.15 billion |
Market size value in 2030 | USD 3.93 billion |
Growth Rate | 2.5% |
Base year | 2023 |
Forecast period | 2024-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Surgical Scissors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surgical Scissors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Scissors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surgical Scissors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2587
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