Global Ultrasonic Scalpels Market: Snapshot
The global ultrasonic scalpels market is envisaged to attain prominence in the coming years due to distinguishing advantages over electrosurgical equipment in terms of certain factors such as post-surgical operations and reduction of blood loss. This has also created newer applications of ultrasonic scalpels in the recent years, allowing the market to spread its prominence across other domains of the medical devices industry. Ultrasonic scalpels have emerged as a critical set of tools required by healthcare providers worldwide for performing different surgical procedures.
The global ultrasonic scalpels market is envisaged to expand to a valuation of US$4.6 bn by the end of 2025 after progressing from a US$2.3 bn valuation obtained in 2016. This growth of the market could be marked at an expected CAGR of 7.9% for the forecast tenure 2017-2025.
Increasing Per Capita Healthcare Spending Attributed for Higher Demand in Hospitals
According to the segmentation analysis of the report, the world ultrasonic scalpels market could be classified as per four categories, viz. end user, procedure, surgery, and product. With respect to the segmentation by end user, the market is anticipated to see a classification into three segments, i.e. specialty clinics, ambulatory surgical centers, and hospitals. Amongst these, the hospitals market could secure a colossal share in the near future. It is predicted to gain strength because of the increasing adoption of sophisticated products and techniques, rising per capita healthcare expenditure in India, Brazil, China, the United Arab Emirates (UAE), and Saudi Arabia, and improving hospital infrastructure in these countries.
By procedure, the world ultrasonic scalpels market is foretold to be segmented into plastic surgery, ear-nose-throat (ENT), urology and gynecology, and general surgery. The analysts are of the view that general surgery could secure a leading position in the market owing to the increased adoption of new and advanced ultrasonic scalpel products for conducting general surgeries. In terms of surgery, there could be segments such as open surgery and minimally invasive surgery taking shape in the market. By product, the market could be divided into accessories, handheld devices, and generators.
North America Placed Higher as Minimally Invasive Procedures Clock Major Count
The international ultrasonic scalpels market witnessed the dominance of North America in 2016 because of various growth factors supporting the region. However, the researchers prognosticate the region to continue its dominance even until the end of the forecast tenure. Canada and the U.S. boasting of a higher percentage of minimally invasive procedures performed and the increasing adoption of advanced energy surgical devices in the U.S. could significantly up the demand for ultrasonic scalpels in North America.
Europe is predicted to take the second position in the international ultrasonic scalpels market in terms of revenue growth. This could be owing to the rising focus on minimally invasive procedures and advent of new handheld devices. Promising reimbursements offered by government agencies for the application of ultrasonic scalpels could also offer opportunities in the Europe market. Asia Pacific, on the other hand, is expected to register a higher CAGR of 10.4% due to swelling investments from vendors, increasing disposable income, improving healthcare infrastructure, and robust economic growth. The high count of underserved patients in the region could also add to the rise of Asia Pacific.
The worldwide ultrasonic scalpels market could include leading industry names such as InnoSound Technologies, Inc., Reach Surgical, Medtronic, Misonix, and Ethicon, Inc.
Global Ultrasonic Scalpels Market: Overview
Ultrasonic scalpels are medical devices used to simultaneously cut and cauterize tissues. These devices are used in surgical procedures, preferably minimally invasive surgical procedures, to aid health care providers to dissect and seal tissues, leading to reduced blood loss, reduced surgery time, and improved outcomes. Ultrasonic devices have been able to demonstrate superiority in different medical aspects of surgeries as compared to electrosurgical devices, which also offer dissection and vessel sealing.
This report on the ultrasonic scalpels market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. The research is a combination of primary and secondary research. Detailed qualitative analysis of factors responsible for driving and restraining market growth and opportunities has been provided in the market overview section. Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2016 as the base year.
Global Ultrasonic Scalpels Market: Scope of the Study
Market related factors such as technological developments, product innovation, expansion of healthcare infrastructure facilities around the world, and historical year-on-year growth have been taken into consideration while estimating the market size. Growth rates for each segment within the ultrasonic scalpels market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, product development life cycle, and regulatory requirements. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.
Global Ultrasonic Scalpels Market: Segments
On the basis of products, the ultrasonic scalpels market is categorized into generators, handheld devices and accessories. On the basis of by type of surgery, the ultrasonic scalpels market is categorized into open surgery and minimally invasive surgery. In terms of type of procedures, the market is segmented into general surgery, urology, gynecology, ear- nose- throat (ENT), plastic surgery and others. In terms of end users, the ultrasonic scalpels market is segmented into hospitals, ambulatory surgical centers, specialty clinics and others.
On the basis of geography, the ultrasonic scalpels market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America comprises the U.S. and Canada. Europe comprises Germany, France, U.K., Spain, Italy and Rest of Europe. Asia-Pacific comprises China, India, Japan, Australia and New Zealand and Rest of Asia Pacific. Latin America comprises Brazil, Mexico and Rest of Latin America. Middle East & Africa comprises of GCC Countries, South Africa and Rest of Middle East & Africa.
Global Ultrasonic Scalpels Market: Competitive Outlook
The competition matrix section included in the report is likely to assist the existing players to increase their market shares and new companies to establish their presence in the ultrasonic scalpels market. The report also profiles major players in the ultrasonic scalpels market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Ethicon, Inc. , Olympus Corporation, Misonix, Inc., BOWA-electronic GmbH & Co. KG, Söring GmbH, Medtronic, Reach surgical and InnoSound Technologies, Inc.
The global ultrasonic scalpels market has been segmented as follows:
Global Ultrasonic scalpels Market, by Product
- Handheld Devices
Global Ultrasonic scalpels Market, by Type of Surgery
- Open Surgery
- Minimally Invasive Surgery
Global Ultrasonic scalpels Market, by Type of Procedures
- General Surgery
- Urology, Gynecology
- Ear- Nose- Throat (ENT)
- Plastic Surgery
Global Ultrasonic scalpels Market, by End User
- Home Care
Global Ultrasonic scalpels Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA