Ultrasonic Scissors Market Size is set to grow at a notable from 2022 to 2028 with the growing proclivity towards the deployment of innovative medical equipment across the healthcare sector. In addition, the increasing investments by the government bodies in the healthcare infrastructure will enhance the industry statistics further. For instance, in 2020, the UK government announced investing £3.7 billion to build 40 new hospitals across the country by 2030.
The market expansion will proliferate over the foreseeable future with the increasing number of surgeries related to fat removal, cancer, dental care, etc. The increasing cases of colorectal cancer will instigate the product demand and expedite the business expansion further. According to the American Cancer Society, it was estimated that around 104,270 new cases of colon cancer will be recorded in the U.S. in 2021.
Based on procedure, ultrasonic scissors market is estimated to observe an appreciable growth rate from the surgery segment over 2022-2028. This is majorly due to the mounting product adoption stimulated by the increasing number of bariatric and laparoscopic surgeries across the globe. The American Society for Metabolic and Bariatric Surgery (ASMBS) had estimated that the average number of bariatric surgeries in the U.S. will reach 297,000 in 2020.
With regards to the end-use, ambulatory surgical centers segment is anticipated to hold a considerable share over the projected timeframe of 2022-2028. This can be largely ascribed to the growing patient preference for these healthcare settings driven by the ongoing technological advancements enabling various procedures to be performed on an outpatient basis. In addition, minimal recovery time and less invasive techniques available at ambulatory surgical centers is also favoring their adoption to a greater extent which will positively influence the segmental growth in future.
On the regional terrain, North America is poised to witness commendable growth by the end of 2028 with heightened product adoption driven by the rising cases of obesity in the region. According to the Harvard report of 2020, one in every 3 adults in the U.S. suffers from obesity. Besides, the presence of mature healthcare infrastructure coupled with the growing preference for advanced surgical equipment in the region will support the market expansion further.
The major companies operating in ultrasonic scissors market include New Surgical Instruments Co., Ethicon (Johnson and Johnson), Soring GmbH, Olympus America (Olympus Corporation), Medtronic, Roboz Surgical Instrument Co., and Sword Medical. These companies are focusing on various strategic initiatives such as mergers, acquisitions, partnerships, and new product launches to gain a competitive edge in the market.
The COVID-19 pandemic had made a significant impact on the medical device demand in 2020. The demand for surgery devices was affected as the elective procedures were being postponed or canceled to curb the spread of coronavirus and reallocate resources for the COVID-19 patients. However, with the gradual improvement in the pandemic situation and growing need for surgical procedures, product adoption is expected to increase considerably, creating lucrative growth opportunities for the market.
Market, by Procedure
Market, by End-Use
The above information is provided for the following regions and countries: