The global Surgical Scalpels Market sales is anticipated to be worth US$ 1.21 billion in 2022, rising at a CAGR of 3.7% between 2022 and 2032 to reach US$ 1.75 billion by 2032. The increased frequency of chronic diseases, combined with a growth in the number of surgeries performed globally, is a primary driver driving surgical scalpel market demand.
The stainless steel category held a 43% share of the worldwide Surgical Scalpels market in 2021, and this trend is likely to continue over the forecast period.
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Global Surgical Scalpels Market: Dynamics
There are numerous variables influencing the global Surgical Scalpels market, both positively and adversely. The primary drivers of market expansion are an increase in the volume of surgical procedures, an increase in the number of health care facilities globally, and less regulatory requirements for product launch. All of these reasons have contributed to the worldwide Surgical Scalpels market revenue increasing. Surgeons prefer to utilise traditional scalpels due of their comfort level and also because traditional scalpels are readily available and inexpensive.
However there are also a few factors that have a negative impact on the market, such as an increase in the risk of injury due to the use of scalpels, increased concerns over the safe disposal of used scalpels and increase in alternatives to traditional surgeries.
Global Surgical Scalpels Market: Key Segmental Highlights
The market is segmented into various categories to simplify the study and understanding of the global Surgical Scalpels market. Here are some of the key highlights of the global Surgical Scalpels market segments:
- The United States will continue to dominate the global Surgical Scalpels market, with a share of roughly 24.4% in 2022.
- Germany held approximately 20.0% of the Western Europe Surgical Scalpels market in 2021, and it is expected to rise steadily throughout the forecast period.
- China accounted for over 15% of the worldwide Surgical Scalpels market in 2021 and is expected to rise steadily throughout the forecast period.
- According to FMI, the disposable surgical scalpel category was valued at around US$ 669.6 million in 2021 and is predicted to increase at the highest CAGR of 4.1% over the forecast period.
- Based on material type, stainless steel retains the biggest market share globally in 2021 and is predicted to increase gradually over the forecast period, with a CAGR of around 4.2% in forecast years.
- The hospitals segment had the greatest market share value of 46.1% in 2021 and is expected to grow at the fastest CAGR during the forecast period.
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Global Surgical Scalpels Market: Competitive Landscape
This comprehensive research report consists of a brief on the competitive scenario of the global Surgical Scalpels market. It gives complete profiles of the key market players including their current market plans and future growth strategies. Some of the companies featured in the report are Swann-Morton Limited, Hill-Rom, PL Medical Co., LLC., VOGT Medical, Medtronic Plc., Hu-Friedy Mfg. Co., LLC etc.
Key Market Segments Covered in Surgical Scalpel Industry Research
By Product:
- Disposable Surgical Scalpel
- Reusable Surgical Scalpel
- Scalpel Handles
- Surgical Blades
By Material Type:
- Stainless Steel
- High-Grade Carbon Steel
- Others
By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Nursing Centers
- Reference Laboratories
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