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Global Surgical Scissors Market to Grow at a CAGR of 3.5% During 2021-2026, Aided by the Increasing Affordability of Healthcare

According to a new report by EMR titled, ‘Global Surgical Scissors Market Report and Forecast 2021-2026’, the market attained a value of about USD 344.25 million in 2020. The industry is further expected to grow at a CAGR of 3.5% in the forecast period of 2021-2026 to reach a value of nearly USD 423.75 million by 2026.

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.

Market Analysis by Type, Application, End Use, and Region:

  • The market, on the basis of type, can be divided into reusable and disposable.
  • Based on application, the industry can be divided into orthopaedics, cardiology, neurology, oral and throat, gastroenterology, and dermatology, among others.
  • The end uses of surgical scissors include hospitals, and ambulatory surgical centres, among others.
  • The regional markets for surgical scissors include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The development of surgical scissors with durable and versatile materials to improve their functionality is aiding the market growth.
  • The market is being driven by surging demand for surgical scissors, which can withstand high loads while staying sharp for many years owing to the rising popularity of plastic surgeries.
  • The integration of the latest technologies such as the radio frequency identification technology (RFID) technology to prevent medical errors, automate tracking and tracing, is propelling the growth of the surgical scissors industry.
  • The deployment of cost-effective manufacturing technologies to increase the production and quality of surgical scissors is augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global surgical scissors market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, end uses, and regions of surgical scissors.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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