Ultrasonic Surgical Cutters Global Market 2024 - Key Drivers, Growth Factors, Technological Development And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Ultrasonic Surgical Cutters Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The ultrasonic surgical cutters market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the strong emphasis on patient safety, favorable reimbursement policies, an aging population, growing complications associated with traditional open surgeries, and the presence of a large number of players.

The ultrasonic surgical cutters market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to the early adoption of innovative medical technologies, rising demand for precision surgery, expanding applications of ultrasonic bone-cutting devices, and a shift from open to minimally invasive surgeries. Major trends in the forecast period include efficient ultrasonic surgical cutters, portable and easy-to-use ultrasonic cutters, the development of single-use, disposable ultrasonic cutters, the miniaturization of ultrasonic cutters, and advancements in blade and tip designs.

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Market Drivers and Trends:

Rising demand for minimally invasive surgeries is expected to propel the growth of the ultrasonic surgical cutters market going forward. Minimally invasive surgeries refer to surgical procedures that are performed through small incisions or natural body openings, using specialized instruments and techniques to minimize tissue damage. The rising demand for minimally invasive surgeries is driven by patient preferences for quicker recovery times, improved surgical outcomes, and considerations of healthcare costs. Ultrasonic surgical cutters enhance minimally invasive surgeries by enabling precise tissue cutting, minimal thermal damage, and reduced bleeding, thereby promoting faster recovery and improved patient outcomes. For instance, in January 2023, according to the data published by the American Society of Plastic Surgeons, a US-based association of plastic surgeons, in 2022, approximately 23,672,269 minimally invasive surgeries were performed in the USA, rising by 7% to reach 25,442,640 surgeries in 2023. Therefore, the rising demand for minimally invasive surgeries is driving the growth of the ultrasonic surgical cutters market.

Major companies operating in the ultrasonic surgical cutters market are focusing their efforts on developing technologically advanced products, such as ultrasonic bone scalpels, to enhance precision and efficacy in surgical procedures. Ultrasonic bone scalpels are surgical instruments that use ultrasonic vibrations to cut bone tissue with high precision and minimal damage to surrounding tissues. For instance, in July 2023, Chongqing Xishan Science & Technology Co. Ltd., a China-based medical technology and surgical equipment company, launched the UT-C-S1 Ultrasonic Bone Scalpel to reduce tissue damage and improve patient outcomes. This cutting-edge device utilizes ultrasonic vibration technology to provide surgeons with a more precise and efficient alternative to traditional bone-cutting tools commonly used in spinal procedures. The UT-C-S1 Ultrasonic Bone Scalpel demonstrates superior precision and efficiency in bone cutting for spinal surgery compared to conventional tools.

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Major Key Players of the Market:

Johnson & Johnson, Medtronic PLC, Stryker Corporation, Olympus Corporation, Integra LifeSciences Corporation, Meril Life Inc, Bioventus Surgical Inc, Symmetry Surgical Inc, Reach Surgical Inc, Chongqing Xishan Science & Technology Co Ltd, Miconvey Technologies, Surgnova Healthcare Technologies, Trimpeks Healthcare, Alan Electronic Systems Pvt Ltd, BOWA-electronic GmbH & Co. KG, Sonablate Corp, Söring GmbH, Axon Medical Solutions Private Ltd, Rex Medical Instrument Co. Ltd, Taktvoll Medien, Sunny Medical Equipment Limited, Shinova Medical Co Ltd

Ultrasonic Surgical Cutters Market 2024 Key Insights:

• The ultrasonic surgical cutters market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Driving Growth Ultrasonic Surgical Cutters In Minimally Invasive Surgery
• Innovative Ultrasonic Bone Scalpels Revolutionize Precision In Spinal Surgery
• North America was the largest region in the ultrasonic surgical cutters market in 2023

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