The global skin excision market consists of products that are used for complete or partial removal of a skin lesion or tumor during surgical procedures. Common skin excision products include shaving instruments, biopsy punches, curettes, forceps, and scalpels. These products are useful for eliminating skin cancers, moles, cysts, lipomas, and other abnormalities of the integumentary system in a minimally invasive manner. Skin excision procedures have benefits like limited blood loss, reduced pain, and scarring compared to traditional incisions. They are considered a cost-effective treatment option and allow for rapid recovery.
The global skin excision market is estimated to be valued at US$ 29.90 billion in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period of 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.
The rising incidence of skin cancers such as melanoma, basal cell carcinoma, and squamous cell carcinoma is driving the demand for Global Skin Excision Market Growth. According to the World Health Organization, over 3 million non-melanoma and 132,000 melanoma skin cancer cases occur globally each year. Early detection and treatment of these cancers help improve clinical outcomes.
North America dominated the global market in 2020, attributed to the presence of major players, a developed healthcare system, and increasing awareness about minimally invasive procedures. However, Asia Pacific is expected to witness the fastest growth during the forecast period due to growing medical tourism, improving access to healthcare, and rising disposable incomes in developing nations.
Market Key Trends
One of the key trends in the skin excision market is the development of advanced bipolar electrosurgery devices that involve coagulation and cauterization in a single step. These devices enhance precision and control during excisions while minimizing damage to surrounding tissues. Researchers are also working on robot-assisted skin excision systems integrated with 3D imaging and machine learning capabilities for accurate detection and removal of lesions. This may transform diagnostics and treatment outcomes in dermatology.
Porter’s Analysis
Threat of new entrants: High capital requirements for entry and stringent regulatory norms create barriers.
Bargaining power of buyers: Growing availability of substitutes increases buyers’ bargaining power.
Bargaining power of suppliers: Differentials in supplier offerings influence bargaining power.
Threat of new substitutes: Advanced non-invasive procedures pose substitution threat.
Competitive rivalry: Presence of many established brands leads to intense competition.
Geographical Regions
North America holds the major Global Skin Excision Market Regional Analysis share currently due to high adoption of advanced surgical procedures. Asia Pacific is expected to grow at the fastest rate owing to improving healthcare infrastructure and increasing medical tourism.
Europe has significant concentration of value currently supported by favourable reimbursement policies and growing geriatric population demanding quality care. Brazil, Russia, India, and China collectively contribute the largest share in the emerging regions segment, driven by rising disposable incomes and expanding healthcare coverage. Japan and South Korea remain major high-potential markets in other developed Asian economies.
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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