Global Skin Excision Market is driven by Technological Advancements

Author : naufan cmi | Published On : 28 Mar 2024

The Global Skin Excision Market involves the removal of skin lumps, lesions, or tumors by making an incision in the skin. Devices used in skin excision procedures include scalpel blades, curettes, and shave biopsy devices. Scalpel blades are primarily used for excising skin lesions, while curettes and shave biopsy devices are effective in removing flat, thin lesions located close to the skin surface. Devices with advanced features such as precision cutting capabilities, integrated lighting, and blades made of durable materials help surgeons perform smooth, quick, and effective excisions with minimal scarring.

The Global Skin Excision Market is estimated to be valued at US$ 29.9 BN in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in The Global Skin Excision Market are Ethicon Inc., Richard Wolf GMBH, Becton, Dickinson and Company, Integra LifeSciences, Exsurco Medical, Limbs & Things LTD, KARL STORZ GmbH & Co. KG, Aesculap, Inc., Medtronic, Zimmer Biomet, B. Braun SE, Conmed Corporation, Symmetry Surgical Inc., and Surtex Instruments Limited. These players are focusing on developing technologically advanced skin excision devices to perform minimally invasive excisions.

The growing prevalence of skin cancer and other lesions globally is driving the demand for skin excision procedures. According to the Skin Cancer Foundation, over 5.4 million skin cancer treatments are performed in the United States every year. Non-melanoma skin cancer is one of the most common cancers in the United States, with basal cell carcinoma and squamous cell carcinoma accounting for most cases.

Owing to the increasing occurrence of skin conditions worldwide, players in the Global Skin Excision Market are expanding their operations geographically. For instance, in 2021, Becton, Dickinson and Company established a new manufacturing plant in India to support the growing medical technology needs in the Asia Pacific region. The company aims to cater to the rising skin excision procedure demand through this expansion.

Market drivers

The technological advancements in skin excision devices are a major driver for this market. Devices with features like electrosurgical capabilities, integrated cameras, and advanced lighting enable precise and minimally invasive excisions. This reduces procedure time and postoperative scarring for patients. Materials used for blades and scalpels have also improved, making incisions smoother. Such innovations are spurring the demand for technologically advanced skin excision solutions.

Global Skin Excision Market- Impact of Geopolitical Situation

The ongoing geopolitical conflicts and tensions globally are negatively impacting the growth of the global skin excision market. Various sanctions imposed on certain countries limit the availability of advanced medical devices required for skin excision procedures. Moreover, diversion of healthcare resources towards emergencies arising due to conflicts also restricts planned medical procedures and investments in this market. Rising nationalism and protectionist measures adopted by many countries promote localization of supply chains. This reduces the collaborations between international medical technology companies and healthcare providers globally. Although geopolitical risks remain, the market players should focus on expanding into relatively stable emerging economies in Asia Pacific and Latin America to counter uncertainties in other regions. Local manufacturing and partnerships can help companies to continue serving customers facing curbs on imports and ensure business continuity even during heightened political tensions.

Global Skin Excision Market - Geographical Concentration

In terms of value, North America accounts for the largest share of over 35% of the global skin excision market owing to well-established healthcare infrastructure and higher medical spending in the US and Canada. The presence of leading market players and frequent new product launches further boosts the market in the region. Europe is the second largest regional market supported by rising cosmetic surgeries and availability of public funding for various skin conditions in several countries. Asia Pacific is witnessing fastest growth and increasingly contributing to the global market value led by expanding medical tourism industry, growing private healthcare expenditure and large patient population in China and India.

Global Skin Excision Market - Fastest Growing Region

The Asia Pacific region is expected to register the fastest growth in the global skin excision market during the forecast period of 2024 to 2031. This can be attributed to increasing healthcare access and expenditures, especially in China, India and Southeast Asian countries. Rising medical tourism, presence of low-cost skilled professionals and availability of advanced products at competitive prices are some key factors attracting patients from other regions to Asia for various skin procedures. Favorable government initiatives to modernize healthcare infrastructure also support market growth. Additionally, growing public awareness about aesthetic procedures, improving cosmetic standards and rising disposable incomes in emerging Asian economies will continue driving the demand in the region.

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