Surgical Scalpel market growing at 5.6 % CAGR to 2025Posted by kartik joshi on October 3rd, 2022  Surgical scalpel market was valued at US$ 2,991.95 million in 2017 and is projected to gather US$ 4,572.78 million by 2025, expanding at 5.6% CAGR from 2018 to 2025. Technological developments in the field of surgical scalpel and increase in the number of surgical procedures are the key factors attributing to this expansion. In recent years, there has been a considerable development in the field of medicine. The growing of surgical procedures has increased the demand for surgical instruments. Surgical scalpel helps in performing surgical procedures with ease and accuracy. The advancements in the field of surgical procedures have also increased the development of surgical scalpels. This has a direct impact on the rising market. Sample Report Copy from Here https://www.theinsightpartners.com/sample/TIPHE100000988/ The rise of surgical procedures has also increased the use of surgical equipment. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals causes chronic diseases. Thus, growing surgical procedures and rise in the awareness are expected to boost the surgical scalpel market in the coming years. On the other hand, increase in the risk of injury due to scalpels and increased concerns over the safe disposal of used scalpels will likely hinder market augmentation over the forecast timeframe. Based on product type, the marketplace is split into disposable surgical scalpels and reusable surgical scalpels. Among these, the disposable surgical scalpels segment held 60.6% of the market share in 2017. The segment was evaluated at US$ 348.7 million in 2017 and is expected to grow at a CAGR of 3.8% over the analysis timeframe to reach US$ 471.6 million by 2025. Speaking of function, the market is divided into standard surgical scalpels and safety surgical scalpels. Among these, the standard surgical scalpels segment captured 66.6% of the market share in 2017. The segment was gauged at US$ 383.6 million in 2017 and is estimated to expand at 3.0% CAGR over 2018–2025 to accrue US$ 487.9 million by 2025. Contact Us Phone: +1-646-491-9876 Email Id: sales@theinsightpartners.com Like it? Share it! More by this author |