Global Surgical Knives, Scalpels Market - Opportunities, Challenges, Key Industry Players, Supply, Demand by 2021

The global surgical knives and scalpels market is projected to attain lucrative revenue by 2021, according to a report available on Radiant Insights, Inc. It is expected to exhibit a decent CAGR throughout the forecast period (2016 to 2021). Increasing cases of surgeries is the key market driver. Technological advancements and pervasion of cardiovascular and neurological disorders can positively impact market growth in the forthcoming years.

Surgical knives and scalpels are the sharp medical instruments used in surgical procedures. They come in two major types, namely, disposable and reusable. The blades are encased in sterile pouches to prevent infection from cuts. Double-edged scalpels are referred as lancets. Awareness of needlestick injuries has led to the development of safety scalpels and blade removers. These factors are anticipated to impel market expansion during the forecast period.

Manufacturers focus on improving the existing designs of knives and blades to reduce the need for incision force. In 2014, Waters Corporation, one of the pioneers in the medical field, acquired MediMass, the inventor of the iKnife. Intelligent Knife or iKnife is an essential tool created for pathologists to precisely distinguish tumor from healthy tissue. It can detect cancerous specimens in tissue samples in duration of 20 to 30 minutes by relying on the smoke made during incisions.

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The worldwide surgical knives and scalpels market is segmented on the basis of types, materials, applications, and regions. By types, the market is split into reusable and disposable knives and scalpels. The latter is expected to gain major market shares by the end of the forecast period. Awareness regarding surgical infections can boost the growth. Reusable scalpels find applications in ambulatory surgery centers as they save time and expenses.

As per materials, the market is categorized into stainless steel, high carbon steel, and others. ‘Others’ comprise diamond, zirconium, obsidian, and titanium. Diamond surgical knives are preferred in surgeries with high Magnetic Resonance Imaging (MRI) usage, as steel blades would be attracted to the magnet. Scalpel blades are coated with zirconium to enhance acuity and sharpness.

Key market applications encompass nursing homes, Ambulatory Surgical Centers (ASCs), clinics, hospitals, and others. Hospitals are projected to gain major revenue over the forecast period. Surgical knives are used in ophthalmic surgeries and more prominently in LASIK and cataract surgeries. Clinics are expected to generate impressive revenue in the near future with the rise in by plastic surgeries triggered by the emphasis on physical appearance or esthetics.

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By regional segmentation, the worldwide surgical knives and scalpels market is divided into Asia-Pacific (APAC), Middle East & Africa (MEA), North America, Europe, and China. North America is anticipated to lead the global market in the near future due to high prevalence of cardiovascular diseases. Preference for disposable instruments is expected to net the US market high revenues by 2021. Europe and APAC are expected to follow North America in terms of value. Rise in surgical procedures in Europe can attribute to the regional market growth, while collaborations of market leaders with local players can influence APAC over the forecast period.

Prominent market players are Becton, Dickinson and Company (BD), KAI Industries Co. Ltd., Aspen Medical, SteriLance Medical, and Alcon. Product innovations and acquisitions are some of the chief strategies adopted by most players to strengthen their product portfolio and expand their reach. Recently, the US based Misonix, Inc., entered a distribution agreement with Weigao Orthopedic, a Shanghai based medical equipment distributor to sell its products in People’s Republic of China. Introduction of electrosurgery, minimally invasive surgeries, and other surgical procedures can further boost the sales in the forthcoming years.

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