Surgical Marking Pens: Introduction
- Surgical marking pens are widely used during surgical procedures, as these are sterile, convenient due to single use, and help reduce surgical errors. Moreover, they enable precise marking on the skin prior to and during surgery.
Key Drivers of Global Surgical Marking Pens Market
- The global surgical marking pens market is driven by a rise in the number of surgical procedures, increase in prevalence of chronic diseases, and an increase in the geriatric population
- Technological advancement in the field of surgical marking pens and rise in healthcare expenditure and government funding for the development of the medical field are expected to further boost the global surgical marking pens market during the forecast period
- A rise in demand from patients for minimally invasive surgeries is also estimated to propel the global surgical marking pens market
- However, stringent government regulations and lack of proper reimbursement for surgical marking pens are likely to hamper the market during the forecast period
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Dual Ink to be Highly Attractive Segment
- In terms of type, the global surgical marking pens market can be classified into single ink and dual ink
- The dual ink segment is expected to account for a major share of the global surgical marking pens market by 2030 owing to high usage of dual ink surgical marking pen in surgeries due to compatibility and ease of usage
Hospitals to be Highly Lucrative Segment
- Based on end-user, the global surgical marking pens market can be categorized into hospitals, clinics, ambulatory surgical centers, and others
- The hospitals segment is anticipated to account for a major share of the market in the next few years due to a rise in the demand for surgical devices in hospitals, which offer favorable reimbursement and developed infrastructure
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North America to Offer Significant Opportunities in Surgical Marking Pens Market
- In terms of region, the global surgical marking pen market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America accounted for a significant share of the global market in 2019 owing to favorable healthcare infrastructure, high per capita income, and high rate of adoption of advanced surgeries.
- The market in Asia Pacific is expected to expand at a rapid pace due to an increase in awareness and rise in patient affordability of surgeries, which in turn is expected to boost the number of procedures conducted in emerging countries during the forecast period
Key Players Operating in Global Surgical Marking Pens Market
The global surgical marking pens market is semi-consolidated, with the presence of international and local players. Key players operating in the global surgical marking pens market are:
- Johnson & Johnson Services, Inc.
- Conmed Corporation
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Smith & Nephew
Global Surgical Marking Pens Market: Research Scope
Global Surgical Marking Pens Market, by Type
- Single Ink
- Dual Ink
Global Surgical Marking Pens Market, by End-user
- Ambulatory Surgical Centers
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.