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The Asia Pacific region is witnessing rapid growth owing to the increasing affordability of healthcare among the masses. The rising geriatric population in countries such as India, Japan, and China with health-related complications is increasing surgical operations in the region, which is consequently increasing the demand for surgical scissors, therefore propelling the market growth. Moreover, countries like India and China have some of the highest prevalence of chronic diseases such as diabetes in the world. Hence, this is increasing the demand for various surgeries and operations, therefore bolstering the market growth. The robust growth of medical tourism in countries such as India, Singapore, and South Korea is also surging the use of surgical scissors, which is further aiding the market growth. In addition, increasing research and development (R&D) activities by the key players in the region due to low manufacturing costs is projected to fuel the industry growth in the forecast period.
Some of the leading companies in the market are Integra LifeSciences (NASDAQ: IART) and KLS Martin Group. The latter took over the major business operations of Stuckenbrock Medizintechnik and its share in May 2020. The latter produces implant systems for cranio-maxillofacial surgery, neurosurgery, hand and foot surgery, surgical instruments, operating lights, sterilisation container as well as electrosurgical devices and medical lasers. The company focuses on expanding its presence in the field of implants and surgical instruments, orthopaedics, and traumatology, among others. This would increase the production of surgical scissors by the company. Such acquisitions are anticipated to propel the industry growth in the forecast period.
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The major players in the global market for surgical scissors are Arthrex, Inc., B Braun Melsungen AG, KLS Martin Group, and Integra LifeSciences, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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