Worldwide Growth in Chronic Disorders and Surgeries to scale up Growth Prospects of Surgical Scalpel Market

• Analysis
• 24-April-2018

Surgical Scalpel is important equipment for performing surgical procedures and tissue dissections. It is an extremely sharp bladed instrument and small in size used for surgery and anatomical dissection. Scalpels can be single-use disposable or re-usable. Disposable scalpels are widely used as they help in preventing cross-contamination because these blades are disposed of after a single usage in a surgery. They are an important tool in surgery as they help in making surgical incisions. Scalpel blades are also available in different sizes and designs such as retractable blades, safe switch scalpels, etc.
 

In terms of revenue, the global surgical scalpel market is projected to cross 1363.24 MN by 2024 exhibit a CAGR of 4%.

Basically, the growing number of surgeries is the primary growth factor of this market. The growth in the number of surgeries along with an increase in chronic disorders favors the growth of the global surgical scalpel market.

Further, the number of individuals affected by chronic diseases is constantly increasing due to unhealthy lifestyle such as living sedentary lives, drinking, smoking, and unhealthy eating. Moreover, rising geriatric population base worldwide along with age-related diseases such as orthopedic disorders is also driving the global surgical scalpel market. The growing demand for disposable surgical scalps is one of the key factors driving the growth of the surgical scalpel market as they are developed for single-use that limit the risk of contamination. Also, these disposable scalpels are packed in sterile pouches that minimize the potential risk of surgical site infections.

Presently, producers of such medical devices are aiming at shifting their production base and network to regions that have cheap labor and huge demand from end users of surgical scalpels. This will help the manufacturer to grow and mark their presence in this highly competitive market. Thus, this will, in turn, stimulate the growth of the surgical scalpels market.  Additionally, major players are also looking for growth opportunities in the remote areas which are also projected to enhance the market growth in the years to come.

Hospitals are the primary end-user to this medical disposable scalpel market, therefore, growing number of hospitals worldwide is also another key factor serving as a key driver. Besides, rising healthcare spending’s, increasing demand for plastic & reconstructive surgery and growing demand for innovative surgical procedures are expected to fuel the surgical scalpel market growth over the forecast period.

From the geographical perspective, North America is dominating the global surgical scalpel market and is likely to continue its dominance during the forecast period. The rising demand for surgery in labor patients is anticipated to propel the market growth in the region. APAC region is likely to grow on the account of rising geriatric population base, growing healthcare expenditure along with the technological advancement in medical device field.
 
Conversely, unfavorable reimbursement policy for surgical equipment, especially in the developing economies is expected to affect the market adversely.
   
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