Surgical Scalpel Market Report, Analysis, Opportunities by 2031
The surgical scalpel market size is projected to reach US$ 985.3 million by 2031 from US$ 712 million in 2023. The market is expected to register a CAGR of 4.3% during 2023–2031. Use of novel surgical scalpel are likely to remain key trends in the market.
Surgical Scalpel Market Analysis
In recent years, there has been a considerable development in the field of surgical instrument. The growing of surgical procedures has increased the demand of surgical instruments. Surgical scalpel offers benefits such as, performing surgical procedures with ease, accuracy. Many researchers and companies have developed innovative type of scalpels for the performance of surgeries. For example, Dr. Steven Hacker, the founder of Hacker Dermatology and Nano Surgical, LLC, recognized the potential for improving the surgical process through AI and launched a new intelligent scalpel that utilizes electromagnetic resonance for learning and teaching purposes could enhance surgical outcomes for patients globally. The patented intelligent scalpel addresses many issues by providing an accurate, reproducible, digitized record of the scalpel's path and approach within the body on multiple planes, without relying on analog estimates or interpretations. The scalpel utilizes AI to learn and continuously adapt to the surgical techniques of the world's leading surgeons. The increase in the number of surgical scalpel developments and advancements is anticipated to increase the demand for surgical scalpel in the forecast period.
Surgical Scalpel Market Overview
Owing to factors such as technological developments in the field of surgical scalpels and increase in the number of surgical procedures. However, increase in the risk of injury due to scalpels and increased concerns over the safe disposal of used scalpels are expected to be the factors restraining the growth of the market during the forecast period. The surgical scalpel market is a mature market in European countries such as Germany, UK, France, and Russia. Factors such as increasing focus of market players; and rising number of conferences being conducted to increase awareness regarding the use of surgical scalpels are likely to boost the growth of the market in Europe during the forecast period.
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Surgical Scalpel Market: Strategic Insights
Market Size Value in US$ 554.8 Million in 2016 Market Size Value by US$ 759.4 Million by 2025 Growth rate CAGR of 3.5% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Surgical Scalpel Market: Strategic Insights
| Market Size Value in | US$ 554.8 Million in 2016 |
| Market Size Value by | US$ 759.4 Million by 2025 |
| Growth rate | CAGR of 3.5% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Surgical Scalpel Market Drivers and Opportunities
Increase in the Number of Surgical Procedures to Favor Market
The rise of the surgical procedures has also increased the use of surgical equipment to perform the surgery. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals among others, causes chronic diseases. Surgical scalpel procedures have been opted by men on a large scale in the past few years. Since men are more prone to baldness, they hold maximum share as the users of surgical scalpel procedures. According to American Society of Plastic Surgeons, the rise in several cosmetic surgeries have become one of the major factors for the market growth. For instance, According to the American Society of Plastic Surgeons, 26.2 million surgical and minimally invasive cosmetic procedures were performed in the US in 2022. Also, cosmetic surgery surgeries have increased by 19% compared to 2019. Thus growing surgical procedures are expected to boost the surgical scalpel market in the coming years.
Increasing Medical Tourism in Emerging Nations
Countries such as Brazil, South Korea, Turkey, India, Germany, Mexico, Spain, and Malaysia are becoming hotspots for medical tourism destinations. Brazil is known as a country that leads in plastic and cosmetic surgery. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the US performed the most procedures worldwide, with over 7.4 million procedures, accounting for 22% of the total. Brazil leads in surgical procedures, accounting for 8.9%, followed by Japan at 7.3%. The US and Brazil are estimated to have the most plastic surgeons, followed by Asian countries, with Japan in third place, China in fourth, and South Korea in fifth.
According to the Medical Tourism Index, Mexico has emerged as a top medical tourism destination, attracting patients from all over the world, especially from the US and Canada. Medical institutions in the country offer affordable, high-quality cosmetic operations. A few of the country's most skilled and experienced plastic surgeons practice with them to achieve positive results. The rising medical tourism in the region and advantage of medical facilities in the region is likely to boost surgical scalpel market and is anticipated to provide significant growth opportunities to the players operating in the market during the forecast period.
Surgical Scalpel Market Report Segmentation Analysis
Key segments that contributed to the derivation of the surgical scalpel market analysis are product, type, material, and end user.
- Based on product, the surgical scalpel market is divided into disposable surgical scalpels, reusable surgical scalpels, and accessories. The disposable surgical segment held a largest market share in 2023.
- By type, the market is segmented into scalpel handles and surgical blades. The surgical blades segment held the larger share of the market in 2023.
- In terms of material, the market is segmented into stainless steel, high grade carbon steel, and others. The stainless steel segment held a significant share of the market in 2023.
- By end user, the market is segmented into hospitals, ambulatory surgical centres, nursing centres, reference laboratories. The hospitals segment held the largest share of the market in 2023.
Surgical Scalpel Market Share Analysis by Geography
The geographic scope of the surgical scalpel market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. According to Regenexx, more than 7 million orthopedic surgeries were performed in 2021 in the US. According to the National Center for Health Statistics, more than 40 million surgeries are performed each year, and the number is expected to grow exponentially. Furthermore, according to the American Psychological Association, the geriatric population in the country is currently at 46 million and is supposed to double itself by 2060, which will increase the number of surgeries, coupled with advancements in technology, and drive the surgical scalpel market growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Surgical Scalpel Market Report Scope
Surgical Scalpel Market News and Recent Developments
The surgical scalpel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the surgical scalpel market are listed below:
- C2Dx a privately-held medical device company, announced the receipt of 510(k) clearance from the FDA for the next generation controller for its cutting-edge surgical technology, The Shaw Scalpel System. Providing a better user experience for everyone in the room, the Shaw Scalpel System enables precise anatomical dissection and immediate hemostasis with its surgically sharp scalpel blade. The result is a dry, clean surgical field which provides exceptional visualization for the safe dissection of nerves and critical anatomy. (Source: C2Dx, Press Release, March 2024)
- SouthMedic, a leading manufacturer of surgical blades, scalpels and innovative medical devices, announced their partnership with Nano Surgical to become the exclusive master distributor of Lumohs MD no. 3 Lighted Scalpel Handles in Canada. (Source: SouthMedic, a leading manufacturer of surgical blades, scalpels and innovative medical devices, announced their partnership with Nano Surgical to become the exclusive master distributor of Lumohs MD no., Press Release, May 2024)
Surgical Scalpel Market Report Coverage and Deliverables
The “Surgical Scalpel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Surgical scalpel market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Surgical scalpel market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Surgical scalpel market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the surgical scalpel market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Type ; Material ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The North America region held the largest share of in the surgical scalpel market 2023.
Factors such as technological developments in the field of surgical scalpel and increase in the number of surgical procedures propel the surgical scalpel market.
Use of novel surgical scalpel be the trend in the surgical scalpel market
The surgical scalpel market majorly consists of the players, including Swann Morton Limited (Swann-Morton), and Hill-Rom Services Inc. (Bard-Parker), B. Braun Melsungen AG (Aesculap), Ansell (Sandel), pfm medical ag (FEATHER), PL Medical Co., LLC, Swann-Morton (Swann-Morton), Southmedic (Southmedic), Cardan Medical, P.J. Dahlhausen & Co. GmbH, Kai Corporation and Kai Industries Co. Ltd. (Kai), VOGT MEDICAL (VM), Medicom (Paragon), and Cadence Inc., FEATHER Safety Razor Co., Ltd (FEATHER).
The surgical scalpel market is expected to be valued at US$ 985.3 million in 2031.
The surgical scalpel market is estimated to record a CAGR of 4.3% till 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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