Surgical Scissors Market will Change the Future and Grow at a CAGR of 8.2% by 2023 | Richard Wolf GmbH, Geister Medizintechnik GmbH, Karl Storz GmbH & Co. and More

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Surgical Scissors Market
Surgical Scissors Market

Surgical scissor is a medical instrument used for various surgical procedures such as, cardiac, neurological, orthopaedic, and others for shearing purposes. These scissors are of two types, namely reusable and disposable scissors. Although reusable scissors are less expensive as compared to disposable scissors; however, the latter is predominantly used in hospitals in the recent years. This is an ongoing trend among surgeons in developed nations, such as North America, to reduce the chances of infections during surgical procedures

Increase in the number of surgical procedures is expected to fuel the demand for robust and cost-effective surgical instruments worldwide. Furthermore, the market has witnessed a paradigm shift in developed economies on account of replacing reusable surgical scissors with disposable scissors to prevent infection and avoid further complications.

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Surgical Scissors Market by Type, Material, and Model: Global Opportunity Analysis and Industry Forecast, 2017-2023,”the global market accounted for $462 million in 2016, and is estimated to reach $803 million by 2023, registering a CAGR of 8.2% from 2017 to 2023. Asia-Pacific was the highest revenue contributor to the global surgical scissor market in 2016. The Middle East is projected to witness the highest growth rate during the forecast period.

Surgical Scissors Market Leading Players:

The key players profiled in the report include include KLS Martin LP, Integra LifeSciences Corporation, B. Braun, Scanlan International, World Precision Instruments, Skyline Surgical Instruments, Arthrex Inc., Becton, Dickinson and Company, and others.

Surgical Scissors Market Growth:

The global surgical scissors market is driven by increased number of surgical procedures and growth in demand for cost-effective & robust surgical instruments globally. In addition, increase in geriatric population undergoing various surgical procedures is expected to fuel the market growth. However, chances of developing infection due to use of contaminated reusable scissor is expected to hamper the market growth.

Surgical Scissors Market Share

The reusable surgical scissors segment accounts for the highest market share in 2016 due to rapid utilization of reusable surgical scissors for conducting various surgical procedures. Moreover, technological advancements in surgical instruments are expected to boost the market growth in the near future. The ceramic scissors segment is expected to grow at the highest CAGR in the material segment during the forecast period, owing to high quality and precision offered by ceramic surgical scissors.

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Segment Overview

The reusable surgical scissors segment accounted for the highest market share in the type segment, owing to the associated benefits of being sterilized and reused. Due to a long average shelf life of reusable surgical scissors, expenses incurred by the hospital for procurement of surgical supplies are reduced by a great amount.

Increase in the Number of Surgical Procedures Worldwide

The adoption of surgical procedures has increased for the treatment of various medical conditions in the recent years. Surgical scissors play a key role in most of the minor/ major surgical procedures requiring surgical equipment. The major surgical procedures performed across the globe are orthopedics, cardiology, neurology, and others. Thus, surge in the number of surgical procedures is expected to propel the market growth.

Key Benefits

  • The study provides an in-depth analysis with the current trends and future estimations of the global medical spa market to elucidate the imminent investment pockets.
  • A comprehensive analysis of the factors that drive and restrict the market growth is provided.
  • The quantitative analysis of the industry from 2017 to 2025 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
  • An extensive analysis of key segments of the industry is provided to understand the profitability of the various types of global medical spas.
  • The key players and their strategies are analyzed to understand the competitive outlook of the market.

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