The surgical scalpel market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 565 million in 2017 and is projected to register a CAGR of 3.7% over the forecast period.
The rising number of surgical procedures is one of the key factors driving the surgical scalpel market. According to the Australian Institute of Health and Welfare, during 2015–16, there were 10.6 million hospitalizations, and around 25% hospitalizations involved a surgical procedure.
Various other factors such as technological advancements, untapped emerging markets, rising incidence of road accidents, and rising demand for minimally invasive procedures are also expected to propel the growth of the market.
However, the risk of injuries associated with scalpels can hamper market growth over the forecast period.
The surgical scalpel market is segmented based on product, material type, application, end user, and region.
The global market for surgical scalpel, by product, is segmented into disposable surgical scalpel, reusable surgical scalpel, and accessories. The reusable surgical scalpel segment is further classified as scalpel handles, and surgical blades.
Based on material type, the market is segmented into stainless steels, high-grade carbon steels, and others.
Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centers, nursing centers, reference laboratories, and others.
In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.
The surgical scalpel market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European surgical scalpel market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The surgical scalpel market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The surgical scalpel market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Market Summary
Global Surgical Scalpel Market Share (%), by Region, 2017
Sources: MRFR 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.
Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the Surgical Scalpel market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.
Market Segmentation and Key Market Players
Global Surgical Scalpel Market, by Product
Global Surgical Scalpel Market, by Material Type
Global Surgical Scalpel Market, by Application
Global Surgical Scalpel Market, by End User
Global Surgical Scalpel Market, by Key Players
Frequently Asked Questions (FAQ) :
The global surgical scalpel market was valued at USD 565 million in 2017.
The global surgical scalpel market is expected to exhibit a modest 3.7% CAGR over the forecast period from 2018 to 2023.
The increasing number of surgical procedures is the major driver for the global surgical scalpel market.
The Americas hold a dominant share of more than 40% in the global surgical scalpel market.
Leading players in the global surgical scalpel market include B. Braun Melsungen, Hill-Rom Services, Henry Schein, Mani, Medicom Company, and Medtronic, among others.