Market Highlights

The global surgical scalpel market Share is expected to grow at an approximate CAGR of 3.7% during the forecast period,

The escalating rate of surgeries conducted globally has increased the need for surgical instruments like the scalpels. Reports that assess the healthcare industry have been offered by Market Research Future, which creates reports on several industry verticals that review the market growth and prospects

The increased detection of ailments is noted as a key factor boosting the demand for surgical scalpel globally. Moreover, increased use of scalpels in the analysis and inspection phases of treatment is expected to bolster the market demand steadily. Additionally, improved spending and enlargement of medical budgets are expected to open up new growth avenues for the market in the forecast period. The surge in medical sector development in untapped emerging markets is expected to incentivize the growth of the global surgical scalpel market further.

Segmental Analysis:

The segment-based evaluation of the surgical scalpel market is conducted based on material type, application, product, end user, and region.Based on the product, the surgical scalpel market is segmented into reusable surgical scalpel, disposable surgical scalpel, and accessories.On the basis of material type, the surgical scalpel market is segmented into high-grade carbon steels, stainless steels, and others.The segmentation of the surgical scalpel market based on end usercomprises ofclinics, hospitals, ambulatory surgical centers, reference laboratories, nursing centers, and others.The regions considered in the surgical scalpel market are Europe, the Americas, Asia Pacific, and the Middle East and African region.

Key Players

Some of the key players in the global surgical scalpel market are Ansell Sandel Medical Solutions LLC (Ansell), B. Braun Melsungen AG, Beaver-Visitec International, Cincinnati Surgical Company, Inc., Henry Schein, Inc., Hill-Rom Services Inc., Huaiyin Medical Instruments Co., Ltd, Hu-Friedy Mfg. Co., LLC, Integra LifeSciences Corporation, Kai Industries Co., Ltd., Kawamoto Corporation, Leica Biosystems Nussloch GmbH, MANI, Inc., Medicom Company, Medtronic Plc., MYCO Medical, pfm medical, PL Medical Co., LLC., SouthMedic, Surgical Specialties Corporation, Swann-Morton Limited, VOGT Medical, and others.

Regional Analysis

The Americas dominated the global market for surgical scalpel owing to the increasing healthcare expenditure presence of major market players, and rising cases of cardiovascular disorders within the region. As per the 2019 data suggested by the American College of Cardiology Foundation, coronary events are expected to occur in 1,055,000 individuals, including 720,000 new and 335,000 recurrent coronary events. It was also reported that, in 2017, around 3,244 cases of heart transplantation occurred.

In 2017, it was estimated that Europe stood second in the global surgical scalpel market. This can be attributed to the rising demand for plastic and reconstructive surgery.

Asia-Pacific was the fastest growing region in 2017. Improvement in the reimbursement policies drives the regional markets of the Asia Pacific region. In 2017, the Australian Government Department of Health introduced the latest Medicare Benefits Schedule (MBS). According to the MBS, the actual fee for caecostomy, enterostomy, gastrostomy, and suture of perforated peptic ulcer was USD 521.25 which is now reduced by 75% i.e. USD 390.95. Moreover, the actual fee for hydatid cyst of the liver, with or without suture of biliary radicles, and with omentoplasty or myeloplasty was USD 653.45 which is now reduced by 75% i.e. USD 490.10

On the other hand, the Middle East and Africa held the least share in the global surgical scalpel market due to the low economic development, especially within the African region.

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