Scalpels are a highly important part of most surgery kits and collection of tools used for complex operations. With rapid developments taking place in the medical domain, newer varieties of scalpels are being introduced by chief players. Ultrasonic scalpels are one such type of device that use ultrasonic vibrations instead of electric currents to cut and cauterize tissues.
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Advantages Associated With Ultrasonic Scalpels Increases Their Demand
The global ultrasonic scalpels market is foretold to witness tremendous growth during the upcoming years mainly due to its advantages over electrosurgical equipment. Such advantages majorly are responsible for creating ease in post-surgical operations and achieving minimal blood loss. With numerous companies pouring extensive investments to create improved scalpel devices, the global ultrasonic scalpels market is expected to grow with leaps and bounds in the next few years. From an overall perspective, ultrasonic scalpels form a crucial portion of surgical tools required by healthcare providers worldwide for performing different surgical procedures.
As per expert analysts, the global ultrasonic scalpels market is expected to fetch a valuation of US$4.6 bn by the end of 2025, which is a decent increase from US$2.3 bn worth revenue clocked in 2016. This growth is projected to occur at a fantastic CAGR of 7.9% during the forecast period from 2017 to 2025.
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Regular Entry of New Players to Fuel Expansion of vendor Landscape
The global ultrasonic scalpels market is substantially consolidated owing to the presence of a handful of players. However, with new companies expected to enter the market on a regular basis, the vendor landscape is expected to depict an intensified competition in future. Most companies are expected to achieve improved geographical reach, enhance products and technologies, and facilitate better client services. InnoSound Technologies, Inc., Reach Surgical, Medtronic, Misonix, and Ethicon, Inc., are key players operating in the global ultrasonic scalpels market.