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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Surgical Cutting Devices Market Outlook
The global surgical cutting devices market is projected to grow at a CAGR of almost 5.4% in the forecast period of 2024-2032.
The global surgical cutting devices market is being driven by the growing number of surgical procedures around the globe with the rising prevalence of chronic conditions such as diabetes, cardiac conditions, and cancer cases.
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Properties and Applications
Surgical cutting devices are the medical equipment used to coagulate, cut, or desiccate the body tissues during surgical procedures.
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The global surgical cutting devices market can be divided on the basis of segments like products and regions:
- Products:
- Trocars
- Scissors
- Scalpel and Blades
The EMR report looks into the regional surgical cutting devices markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
With the growing instances of surgeries, the demand for surgical cutting devices is continuously growing, which is aiding the surgical cutting devices market growth globally. Further, the factors like the increase in incidences of chronic diseases, the growing geriatric population, the rising expenditure in the healthcare sector, the enhanced demand for plastic and reconstructive surgery, rapid technological advancements, and the increasing demand for minimally invasive surgical procedures are anticipated to contribute significantly to the surgical cutting devices market growth. However, the lack of reimbursement policies, along with the stringent government regulations for surgical equipment, may restrain the industry growth over the forecast period.
The trocars segment, among other product-types, leads the global surgical cutting devices industry, accounting for the highest share in the market. The segment is expected to dominate the market in the forecast period as well owing to the rising demand for minimally invasive surgical procedures. Further, North America is expected to dominate the surgical cutting devices industry, accounting for the highest share in the market over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global surgical cutting devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- B. Braun Melsungen AG
- CONMED Corporation [CNMD (NASDAQ)]
- Johnson & Johnson Services, Inc.
- Medtronic [MDT (NYSE)]
- The Cooper Companies Inc.
- Others
The EMR report gives an in-depth insight into the surgical cutting devices market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global surgical cutting devices market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The major drivers of the market include the growing geriatric population, rising expenditure in the healthcare sector, enhanced demand for plastic and reconstructive surgery, rapid technological advancements, and increasing demand for minimally invasive surgical procedures.
The growing number of surgical procedures and the rising prevalence of chronic conditions such as diabetes, cardiac conditions, and cancer cases are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products are trocars, scissors, scalpel and blades.
The major players in the industry are B. Braun Melsungen AG , CONMED Corporation, Johnson & Johnson Services, Inc. , Medtronic, and The Cooper Companies Inc., among others.
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