Number of pages: 100 | Report Format: PDF | Published date: November 04, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 316.82 million |
Revenue forecast in 2030 |
US$ 560.30 million |
Growth Rate |
CAGR of 6.54% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
by type, material, end user, and region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Global surgical scissors market was pegged at US$ 316.82 million in 2021 and is expected to witness a CAGR of 6.54 % during the forecast period.
Market Fundamentals
Surgical scissors are a type of medical instrument used in a variety of surgical procedures to cut tissues within the human body. Surgical scissors are available in both reusable and disposable versions, as well as a in variety of sizes and shapes. They have sharper blades, which makes incisions easier. The serrated edges of these scissors prevent tissue from slipping out of the blades. It is a helpful tool for cutting ligatures or slippery tissues.
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Market Dynamics
The global surgical scissors market is supported increasing demand for minimally invasive procedures which is identified as a significant growth factor for the market. Furthermore, availability of surgical scissors at reasonable rates, is anticipated to raise product demand and support expansion of the overall surgical scissors market in the years ahead. However, presence of substitutes can hamper the market growth to some extent.
Market Ecosystem
The global surgical scissors market has been analyzed from four perspectives: by type, material, end user, and region.
Surgical Scissors Market by Type
Based on type the market is divided into disposable and reusable. The market is driven by reusable segment. The growth of the segment is owing to factors such as it can be used multiple times on various patients. Furthermore, reusable scissors do not require frequent replacements. Disposable scissors segment is expected to show high growth in the forecast period. These are meant for single use and then are discarded this reduces the infection transmission rate. Additionally, low cost of disposable scissors further also increases the product demand.
Surgical Scissors Market by Material
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Based on material, the global surgical scissors market is grouped into tungsten, stainless steel, ceramic, titanium, and others. Stainless steel segment is highly used material in manufacturing of surgical scissors. The durability offered by stainless steel material is one of the major factors increasing the market growth. Furthermore, scissors made of stainless steel are budget friendly. The titanium segment is expected to show lucrative growth in the forecast period. Titanium based surgical scissors are 100% non-corrosive, nonmagnetic, and 40% lighter in weight then stainless steel. Furthermore, titanium is an ideal material for orthopedic implants because of its special ability to bind with bone and living tissue.
Surgical Scissors Market by End Use
The global surgical scissors market according to end use is grouped into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics segment dominated the market. Presence of operating rooms in hospitals and clinics has supported the market growth. Furthermore, high adoption of surgical procedures is further influencing the market growth.
Surgical Scissors Market by Region
Based on region, the global surgical scissors market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominates the global market. The growing number of surgical procedures and favorable government policies in nations like the US and Canada are anticipated to make North America the leading region in the global market for surgical scissors. The future expansion of the surgical scissors market is also expected to be fueled by the presence of advanced healthcare infrastructure in this region. Asia Pacific region is anticipated to present important revenue-generating potential for well-known surgical scissors market players in the upcoming years due to rising product demand at healthcare infrastructure facilities in nations like China and India.
Competitive Landscape
Some of the prominent players operating in the Surgical Scissors Market are
The global surgical scissors market is supported by factors such as increasing demand for minimally invasive procedures. Likely availability of surgical scissors at reasonable rates, is anticipated to raise product demand and support expansion of the overall market.
Some of the prominent players operating in the surgical scissors market Arthrex Inc., B. Braun Melsungen AG, Thermo Fischer Scientific, Purple Surgical International, Scanlan International, Stryker Corporation, Teleflex Incorporated Olympus Corporation, World Precision Instruments, and BD among others
The market is expected to witness a CAGR of 6.54 % during the forecast period
Presence of substitutes can hamper the market growth to some extent
*Insights on financial performance is subject to availability of information in public domain