Ultrasonic Scalpel Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4215
Ultrasonic Scalpel Market will see remarkable growth from 2021 to 2027 owing to the rising technological advances for the development of novel devices. The increasing number of chronic diseases across the world has propelled the adoption of minimally invasive surgeries.
Ultrasonic scalpels or harmonic scalpels are used for simultaneously cutting as well as cauterizing the tissues whilst offering low collateral damages and reliable hemostasis. The robust need for higher accuracy rates along with the increasing emphasis on fewer infections and relatively reduced pain is anticipated to amplify the demand for ultrasonic scalpels.
Higher preference for enhanced healthcare policies and reimbursements coupled with the surging government support are some paramount factors contributing towards the market expansion.
With regards to type, the industry is segmented into silicone liner, thermoplastic elastomer, and polyurethane liner. Out of these, demand for silicone liners in the market will expand with the increasing need to offer soft contact for scope protection and amplified grip strength for several scope configurations.
On the basis of application, the gynecologic cancer segment is projected to foster the market share on account of the rising prevalence of the disease. According to estimates, gynecologic cancer occurs in over 100,000 women across the U.S. each year. The rising technological progression in medical devices is another prominent contributor towards the industry growth.
In terms of end-use, the acceptance of ultrasonic scalpels across hospitals is poised to witness exponential growth driven by the rising number of surgeries in these settings. Apart from rendering enhanced patient satisfaction and home care, hospitals also offer cost reduction benefits. Furthermore, the growing volume of patients in these healthcare facilities will drive the market progression.
Regionally, North America ultrasonic scalpel market will gain notable proceeds from 2021 to 2027 due to the elevating healthcare expenditure and the higher prevalence of chronic diseases. The Centers for Medicare & Medicaid Services had estimated that health care spending in the U.S. rose to 4.6% in 2019 while accounting for $11,582 per person. The rising obligation for minimally invasive surgical procedures and the spiraling R&D investments has led to the influx of modern medical devices. The mount in the number of technologically advanced instruments is further expected to contribute towards the regional product demand.
New product developments, along with marketing partnerships, such as mergers and acquisitions as well as capacity expansions and investments are the key initiatives adopted by major market players to boost their global footprint.
For instance, India Medtronic Private Ltd., in September 2020, introduced Sonicision™, its curved jaw, and cordless ultrasonic system. The novelty is a next-generation dissection device that offers combined advantages of enhanced precision to surgeons as well as convenience and safety in the operating rooms.
Stryker Corporation, Jinan Bakr Ultrasonic Technology Co. Ltd., Axon Medical Solutions Private Ltd., EndoAfrique, Lotus Ultrasonic Scalpel, Tonglu Rex Medical Instrument Co. Ltd., Ethicon Inc. (Johnson & Johnson), Wuhan BBT Medical Tech. Co. Ltd., MedWOW Ltd., and Lake Region Medical (Integer Holdings) are some of the well-known industry participants.
Effect of the COVID-19 crisis on the market trends
The present COVID-19 outbreak not only instigated major shifts in business operations and supply chains but also directed towards a global economic upheaval. It also posed numerous challenges to the industry on account of the import and export restrictions as well as the dearth of raw materials. The shipment delays and the stalled production of tools also added negative impetus to the product demand amidst the pandemic.
Ultrasonic scalpel market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
Market by Product,
- Ultrasonic scalpels Accessories
- Ultrasonic scalpels Generators
- Handheld Ultrasonic Scalpel Devices
Market by Type,
- Silicone Liner
- Thermoplastic Elastomer
- Polyurethane Liner
Market by End-use,
- Ambulatory Surgical Centers
- Home Care
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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