Ultrasonic Scissors Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4216
Ultrasonic Scissors Market size is projected to experience significant growth from 2019 to 2025.
Increasing number of surgeries related to cancer, fat removal, dental etc. globally will drive the market growth for ultrasonic scissors. Growing burden of colorectal cancer across the world will positively impact market growth. As per the American Cancer Society, colon cancer is the third most common cancer in the U.S. that affects more than 1 million Americans every year. With growing cases of colon cancer, the demand for minimally invasive surgeries including laparoscopy will increase, thus boosting ultrasonic scissors business growth in the forthcoming period.
Increasing number of bariatric surgeries owing to growing prevalence of obesity among the population will positively impact the growth of ultrasonic scissors market. As per, the American Society for Metabolic and Bariatric Surgery, in 2017, approximately 2,28,000 bariatric surgeries were performed in the U.S. Hence, with growing rate of bariatric surgical procedures, the demand for ultrasonic scissors will increase across the projected timeframe.
However, high cost associated with ultrasonic scissors is a major growth limiting factor. Moreover, stringent government regulations for approval of these products will further impede ultrasonic scissors market growth.
Use of ultrasonic scissors in surgeries will dominate the market over the forecasted timeframe. This can be attributed to the growing number of laparoscopic and bariatric surgeries across the globe. Increasing preference for ultrasonic scissors over conventional cutting instruments owing to advantages such as, effective cutting, sealing and less surgery time will further assist the market growth. Moreover, growing demand for minimally invasive procedures coupled with presence of major players operating in the ultrasonic scissors market will propel segmental growth.
Hospital as an end-use segment will hold significant revenue share over the projected years owing to rise in surgical procedures. Major surgeries such as gastric bypass, sleeve gastrectomy, and laparoscopy are performed in the hospital settings due to feasibility and safety. Moreover, presence of skilled professionals and increasing preference among the population for hospitals over other medical settings is estimated to show a positive growth trajectory.
U.S. ultrasonic scissors market will foresee significant growth owing to the presence of well-established healthcare infrastructure and regulatory framework. Presence of major players operating in the ultrasonic scissors market is one of the major growth augmenting factors. Also, increasing prevalence of obesity among the population of U.S. owing to rise in adoption of sedentary lifestyle and increasing habit of alcohol intake will propel U.S. ultrasonic scissors market growth over the forecast timeframe. Additionally, rising awareness and increasing preference for minimally invasive procedures will further pose a lucrative business growth opportunity in the foreseeable future.
Mexico ultrasonic scissors market is expected to grow at a significant pace. High growth is attributed to growing medical tourism industry. Furthermore, increasing burden of obesity in the country will upsurge the demand for minimally invasive procedures for weight-loss, thereby boosting the demand for ultrasonic scissors over forthcoming years.
Some of the major market players involved in the global ultrasonic scissors market are Ethicon, New Surgical Instruments Co., Olympus America, Soring GmbH, Medtronic, Sword Medical and Roboz Surgical Instrument Co. These companies venture into merger, acquisitions, collaborations and partnerships in order to expand its market reach.
Ultrasonic Scissors Market by Procedure, 2014-2025 (USD Million)
Ultrasonic Scissors Market by End-Use, 2014-2025 (USD Million)
- Ambulatory surgical centers
- Dental clinics
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- New Surgical Instruments Co.
- Olympus America
- Soring GmbH
- Sword Medical
- Roboz Surgical Instrument Co.
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