The Ultrasonic Scalpel Market size was estimated at $2.38 billion in 2020, projected to grow at a CAGR of 5.4% during the forecast period 2021-2026. Ultrasonic scalpels, also known as harmonic scalpels, are surgical devices that use ultrasonic pulses to severe and solidify or coagulate tissue at the same time. The scalpel vibrates at frequencies ranging from 15000 to 55000 hertz, the high frequency vibration of tissue molecules generates friction and stress in surrounding tissue, which generates heat and causes protein to denature. Since the harmonic scalpel uses the ultrasonic vibrations there is minimal energy transfer to the surrounding tissues, resulting in minimal tissue damage. The most important benefit of the Harmonic Scalpel is that it decreases bleeding and healing time for the patient in contrast to other operating devices such as the steel scalpel, co2 laser, and monopolar and bipolar electrosurgery devices. The other benefits include the potential for a surgeon to make more precise cuts and an overall reduction of lateral thermal tissue injury.
The global Ultrasonic Scalpel Market is being driven by an increased prevalence of chronic diseases that demand surgical procedures such as lung biopsy, thyroidectomy, and tonsillectomy. Moreover the increasing acceptance of minimally invasive surgeries for a variety of procedures combined will benefit from improved healthcare policies that offer medical coverage and reimbursements to patients all over the world are further predicted to drive the market. However, the high costs associated with surgery and stringent government regulation is also predicted to pose a threat to the market’s growth during the forecast.
Ultrasonic Scalpel Market Segment Analysis- By Product
The market is divided into lung biopsy, tonsillectomy, thyroidectomy, gynecologic cancer, and other applications dependent on application. The rising burden of cancer and the rising adoption of these devices are primarily responsible for the high growth of the gynecologic cancer segment. Gynecologic cancer is characterized by the uncontrolled growth and spread of cancerous cells in the reproductive organs. According to the American Cancer Society, there were 14,070 deaths and 22,240 new cases associated with ovarian cancer in the United States in 2018. Other factors, such as growing awareness and continuous advances in the medical device industry to treat gynecologic cancers, are also expected to contribute to market growth during the forecast period.
Ultrasonic Scalpel Market Segment Analysis – By Distribution channel
Based on Distribution Channel, the global market is segmented into Online Distribution Channel and Traditional Offline Retail. Traditional offline retail segment account for the highest market share in 2020 and is projected to grow at a CAGR of 4.7% during the forecast period 2021-2026. The dominance is due to higher owing to benefits such as the touch-and-feel experience before purchase, moreover the on-site guidance from a customer sales representative, and an immediate gratification instead of waiting for the delivery of the device are the major forces driving the traditional offline retail segment.
However, with evolving consumers and growing demand from tier I and II markets where ecommerce penetration is increasing rapidly the online distribution channel segment is set to grow at a faster CAGR. Along freedom they get to look at multiple options and compare for the best price & features, from the comfort of their home or on the go as per an individual’s preference is further poised to increase the online sale market of Ultrasonic Scalpel during the forecast period 2021-2026.
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Ultrasonic Scalpel Market Segment Analysis – By Geography
Based on geography, North America dominated the Ultrasonic Scalpel Market with a region share of 35.3% in 2020 followed by Europe and APAC. Rising geriatric population, chronic diseases and increasing acceptance of minimally invasive neurosurgeries are the major factor propelling the growth in this region. Moreover, the presence of large number of medical device company that invest heavily on the research along with the easy availability of technologically advanced instruments is predicted to drive the market growth in this region. However, Asia Pacific region is predicted to see the demand maturing in Ultrasonic Scalpel Market owing to the growing population, increased awareness about cancer and available treatment options, rising demand for a better healthcare structure and higher investment and funding by government during the forecast period 2021-2026.
Ultrasonic Scalpel Market Drivers
Increasing incidence of Chronic Disease
The global Ultrasonic Scalpel Market is being driven by an increase increased prevalence of chronic diseases such as lung biopsy, thyroidectomy, and tonsillectomy that demand surgical procedures. According to estimates suggesting that about 150,000 thyroidectomies are performed each year in the U.S alone and Over 500,000 tonsillectomy cases are performed annually in children less than 15 years of age. The increasing acceptance of minimally invasive neurosurgeries for a variety of procedures is further poised to propel the global growth of the Ultrasonic Scalpel Market.
Ultrasonic Scalpel Market Challenge
High Cost of the product
Despite the increased chronic diseases and increasing acceptance of minimally invasive surgeries, some factors are preventing product acceptance. The high costs associated with surgical product and procedure makes it difficult for the middle and lower class people to afford, which is limiting the adoption procedures. Moreover the rising stringency in the government regulation also poses a major threat thereby, acting as major impediment for market’s growth.
Due to the Covid-19 outbreak, the Ultrasonic Scalpel end-use companies are facing issues such as delays in receiving tools from the manufacturers, as the manufactures are themselves experiencing delays in receiving raw material and owing to restriction on import and export of commodities. In addition, the shipment orders are being heavily affected due to the non-availability of vessels and blank sailing, which is further which is further resulting in delayed shipments to the customer. With the decrease in production of tools, the demand for Ultrasonic Scalpel have significantly fallen, thereby acting as a major restrain to the market.
Ultrasonic Scalpel Market Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Ultrasonic Scalpel Market. Key companies of this market are Stryker Corporation, Lotus Ultrasonic Scalpel, Ethicon, Inc. (J&J), Lake Region Medical, Axon Medical Solutions Private Ltd., Wuhan BBT Medical Tech. Co. Ltd., EndoAfrique, MedWOW Ltd., Jinan Bakr Ultrasonic Technology Co., Ltd., and Tonglu Rex Medical Instrument Co., Ltd.
In September 2020, India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc has announced the launch of the Sonicision™ Curved Jaw Cordless Ultrasonic Dissection System.
Geographically, The North America region held 35.3% of the total market share in 2020 owing to the rising geriatric population and increasing acceptance of minimally invasive surgeries.
Increase in the increased prevalence of chronic diseases that demand surgical procedures is the major driving force for the Ultrasonic Scalpel Market during the forecast period 2021-2026.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Ultrasonic Scalpel Market
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