The Medical Ultrasonic Cutter Market Size was valued at USD 1.70 Bn in 2023 and is predicted to reach USD 2.72 Bn by 2031 at a 6.2% CAGR during the forecast period for 2024-2031.
A medical ultrasonic cutter is a clinical instrument for accurately cutting tissue by high-frequency sound waves. Factors such as the increasing number of long-term illnesses, technological advancements, and the need for less invasive technology propel the medical ultrasonic cutter market growth in the coming years. The rising demand for medical ultrasonic cutter technology is being driven by a rising tide of knowledge among healthcare professionals on its numerous benefits. Medical ultrasonic cutters are becoming more popular due to the growing demand for less invasive surgical procedures that require less downtime for patients. New developments in medical ultrasonic cutter technology have increased their attractiveness for intricate surgical operations by making them more precise and efficient. Rising healthcare technology investments and supportive government policies also bode well for future market expansion.
However, the market growth is hampered by the high cost of medical ultrasonic cutters, which can be hindered by a lack of knowledge, manufacturing technical hurdles, and strict regulations. Furthermore, the medical ultrasonic cutter market saw a surge in demand during the COVID-19 pandemic, mainly due to the greater need for critical care and diagnostics. However, it wreaked disaster on production timelines and supply chains, slowing market growth. In addition, the demand for medical ultrasonic cutters is propelled by the expanding surgical sectors, increased healthcare expenditure, and an ever-increasing emphasis on health promotion and disease prevention.
The global medical ultrasonic cutter market is segmented based on type and application. Based on type, the market is divided into contact and non-contact. By application, it is divided into public and private hospitals.
The contact segment is expected to hold a significant global market share in 2023. This is because many surgical procedures benefit from its precision and low tissue injury rate. Contact medical ultrasonic cutters are favored because they can improve surgical efficiency and patient outcomes by providing controlled cutting and coagulation concurrently. They are also in high demand because of their adaptability in difficult operations like neurosurgery and orthopedic surgeries.
The private hospital segment in the medical ultrasonic cutter market is growing due to more funding for cutting-edge healthcare tech that improves patient care and health outcomes. To entice patients looking for top-notch care, these facilities are frequently the first to use revolutionary medical ultrasonic cutters. Furthermore, medical ultrasonic cutter precision tools are in high demand because private hospitals prioritize minimally invasive operations.
The North American global medical ultrasonic cutter market is anticipated to register the highest market share in revenue in the near future. This is because of the abundant supply of qualified medical personnel, the widespread use of cutting-edge surgical tools, substantial medical research and development funding, and well-developed healthcare infrastructure. In addition, the Asia Pacific is anticipated to increase in the global medical ultrasonic cutter market because healthcare spending is on the rise, more and more people are travelling for medical treatment, and hospitals are using cutting-edge technology to enhance surgical results, which is growing the demand of the Asia-Pacific region.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 1.70 Bn |
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Revenue Forecast In 2031 |
USD 2.72 Bn |
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Growth Rate CAGR |
CAGR of 6.2% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Johnson & Johnson, Söring GmbH, Bowa Medical, Olympus, Misonix, Integra LifeSciences, Medtronic, Stryker, SonicMed, BBT Medical, SONIMAT, HONDA ELECTRONICS, Hangzhou Rex Medical Instrument, AXON Medical Solutions |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Medical Ultrasonic Cutter Market Snapshot
Chapter 4. Global Medical Ultrasonic Cutter Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Contact Ultrasonic Cutters
5.2.2. Non-contact Ultrasonic Cutters
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Public Hospitals
6.2.2. Private Hospitals
Chapter 7. Medical Ultrasonic Cutter Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Latin America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Medical Ultrasonic Cutter Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Johnson & Johnson
8.2.2. Söring GmbH
8.2.3. Bowa Medical
8.2.4. Olympus
8.2.5. Misonix
8.2.6. Integra LifeSciences
8.2.7. Medtronic
8.2.8. Stryker
8.2.9. SonicMed
8.2.10. SONIMAT
8.2.11. BBT Medical
8.2.12. HONDA ELECTRONICS
8.2.13. Hangzhou Rex Medical Instrument
8.2.14. AXON Medical Solutions
8.2.15. Other Prominent Players
Medical Ultrasonic Cutter Market- By Type
Medical Ultrasonic Cutter Market- By Application-
Medical Ultrasonic Cutter Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
