The Surgical Scissors Market is poised to continue its growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 2.9% over the next decade. This translates to a significant market increase, reaching an estimated US$501 million by 2032. This marks a substantial rise from the current market valuation of US$367.3 million in 2022.
Scissors are in high demand worldwide because they are easy to sterilize and can withstand extreme heat and radiation. It is used for a variety of surgical operations, which need high-quality sharp-edged tools for accurate cuts and incisions. Surgical scissors vary from conventional scissors in that they are sterilizable, come in a range of forms, and have blades that are sharp and configured for use in various medical applications.
One of the driving factors behind this remarkable growth is the growing trend of adopting minimally invasive surgical techniques. The Global Surgical Scissors Industry is witnessing a paradigm shift, with manufacturers leveraging computer-aided modeling to craft scissors designed with precision and efficiency, featuring enhanced eye rings.
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Other factors influencing the market positively include the demand for cost-effective and strong surgical instruments, the expanding geriatric population in need of various surgical procedures, and the ease of sterilization of scissors that can endure intense heat and radiation. The risk of infection from contaminated scissors, on the other hand, may stifle market expansion.
“Increasing surgical procedures coupled with the introduction of enhanced surgical equipment will likely supplement market growth of Surgical Scissors over the forecast period,” says an FMI analyst.
Surgical Scissors Market Key Takeaways:
- Growing demand for minimally invasive surgical treatments, as well as the introduction of enhanced Surgical Scissors, will expand market opportunities.
- Fear of contamination could stifle market growth.
- One of the most profitable market categories is reusable Surgical Scissors.
- North America controls around 33.6% of the global market.
- The Asia Pacific region accounts for 29.7% of the total market.
Surgical Scissors Market Competitive Landscape
KLS Martin LP, B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Scanlan International, Lamidey Noury Medical, DTR Medical Ltd, Purple Surgical International Ltd, Sklar Surgical Instruments, and Accurate Surgical & Scientific Instruments Corporation among others are some of the major players in the Global Surgical Scissors Industry that are profiled in the full version of the report.
A highly competitive market is characterized by the presence of both well-known established businesses and start-ups. These market participants are concentrating on improving their existing items as well as producing new and innovative products, thereby growing their product portfolios. To achieve a competitive advantage, newer enterprises in the industry may form alliances and collaborate with regional players.
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More Insights into the Surgical Scissors Market Report
In its latest report, FMI offers an unbiased analysis of the Global Surgical Scissors Industry, providing historical data from 2016 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on material type (steel, ceramic, tungsten, titanium, others), product type (reusable Surgical Scissors, disposable Surgical Scissors), end-users (hospitals, ambulatory surgical centers, clinics, home care settings, others), and region.
According to the most recent FMI data, the North American Surgical Scissors industry is predicted to account for around 33.6% of the global market based on geographical growth. The presence of a large number of medical centers and improved healthcare infrastructure is contributing to the regional market’s growth. The United States market is a primary driver of growth, as demand for the target product rises in numerous states across the country. Over the assessment period, the US industry is expected to give attractive prospects to established market players.
The Asia Pacific Surgical Scissors market accounts for 29.7% of the total market. This expansion can be ascribed to the presence of a large patient pool as well as an increase in the number of surgical operations. Furthermore, supportive government regulations in countries like as China and India are expected to make this region the fastest-expanding market for Surgical Scissors sales during the projection period.
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Key Segments in the Surgical Scissors Market
By Material Type:
- Steel
- Ceramic
- Tungsten
- Titanium
- Others
By Product Type:
- Reusable Surgical Scissors
- Disposable Surgical Scissors
By End User:
- Hospitals
- Ambulatory surgical centers
- Clinics
- Home care settings
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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