Global Surgical Blade Market, By Product (Stainless Steel, High-Grade Carbon Steel), Material (Sterile, Non-Sterile), End-User (Hospitals, Clinics, and Ambulatory surgical centers) – Industry Trends and Forecast to 2029
Market Analysis and Size
The expanding elderly population around the world is expected to benefit the surgical-based market in the long run. To meet the growing number of patients, medical centers are being created with an increasing number of operating rooms. To meet the demands of these patients, a variety of surgeons with a variety of expertise are being used.
Data Bridge Market Research analyses that the surgical blade market was valued USD 143.33 million in 2021, would rocket up to USD 204.45 million by 2029, and is expected to undergo a CAGR of 4.54% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Surgical blades are the tools used to dissect tissue and cut skin during a surgical procedure. Surgical blades are available in both non-sterile and sterile packing options. These blades can either be re-usable or non-reusable. Re-usable blades have sharp edges that can be polished for the duration of the surgical procedure. Blades that are not re-usable are used only once at a time and are kept in a plastic holder.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Stainless Steel, High-Grade Carbon Steel), Material (Sterile, Non-Sterile), End-User (Hospitals, Clinics, and Ambulatory surgical centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Cincinnati Surgical Company Inc. (U.S), MYCO Medical (U.S), Huaiyin Medical Instruments Co., Ltd (China), B. Braun Melsungen AG (Germany), VOGT MEDICAL (Germany), Hill-Rom Services, Inc. (U.S), Swann-Morton Limited (U.K), Southmedic Inc. (Canada), Kai corporation (Japan), Hu-Friedy Mfg. Co.LLC (U.S), BVI (U.S), PL Medical Co. LLC (U.S), Kawamoto Corporation (Japan), Corza Medical (U.S)
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Market Opportunities
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Surgical Blade Market Dynamics
Drivers
- Growth in the global elderly populace
The number of surgical treatments determines the market's primary motivators. Furthermore, an increase in chronic illnesses such as cardiovascular diseases, diabetes, and cancer is expected to propel the worldwide surgical blades business forward during the forecast period of 2022 to 2029.
- Growth in the amount of lingering illnesses
The number of ambulatory surgery centres, hospitals, and clinics has increased. As a result, more professional opportunities for medical practitioners have arisen. The surgical blade market is expanding as a result of these concerns. The availability of these blades in various diameters and forms specific to the process is increasing demand. Surgical blades come in different shapes and profiles, allowing medical experts and teams to select the most appropriate blade for the job.
Opportunities
The increased usage of stainless steel surgical blades, which include razor-sharp cutting edges and clean incisions for superior cutting and precisely numbered scalpel handles, could generate one of the most profitable opportunities in mobile marketing. In addition, they are sterile and have a longer shelf life. Because these surgical goods are classified as low-risk devices, they do not need to undergo a rigorous regulatory process. These factors are anticipated to result in more new product introductions, enhancing surgical blade revenue growth in the overall market.
Restraints/Challenges
Market expansion is likely to be troubled by high costs of research and development capabilities, inadequate infrastructural facilities, high costs associated with sports medicine, and a lack of awareness in backward nations. In addition, in the forecast period of 2022 to 2029, the market is expected to be challenged by a lack of favorable reimbursement scenarios and technology penetration in developing economies, as well as a heavy custom duty imposed on medical devices and a lack of suitable infrastructure in low and middle-income countries.
This surgical blade market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical blade market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Surgical Blade Market
The COVID-19 had a short-term negative influence on the market due to the abrupt arrival of the pandemic, which caused many surgeries to be canceled. According to the World Economic Forum, 38% of global cancer surgery is expected to be postponed or canceled by 2020. However, during the post-pandemic period, previously postponed surgeries were resumed, boosting the market's development.
Global Surgical Blade Market Scope
The surgical blade market is segmented on the basis of product, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Product
- Stainless Steel
- High-Grade Carbon Steel
Material
- Sterile
- Non-Sterile
End-user
- Hospital
- Clinics
- Ambulatory Surgical Centers
Surgical Blade Market Regional Analysis/Insights
The surgical blade market is analysed and market size insights and trends are provided by country, product, material and end-user as referenced above.
The countries covered in the surgical blade market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Surgical blades are predicted to be profitable in the Asia Pacific region. Developments in healthcare and repayment schemes in emerging economies are two significant factors that are assisting this province's development.
North America is expected to dominate the global market throughout the projected period. The United States has the highest market share in the North American area, owing to stronger surgical device regulations and growing awareness to approach procedures in cases of injuries and chronic medical problems.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The surgical blade market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical blade market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical blade market. The data is available for historic period 2010-2020.
Competitive Landscape and Surgical Blade Market Share Analysis
The surgical blade market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical blade market.
Some of the major players operating in the surgical blade market are:
- Cincinnati Surgical Company Inc. (U.S)
- MYCO Medical (U.S)
- Huaiyin Medical Instruments Co., Ltd (China)
- B. Braun Melsungen AG (Germany)
- VOGT MEDICAL (Germany)
- Hill-Rom Services, Inc. (U.S)
- Swann-Morton Limited (U.K)
- Southmedic Inc. (Canada)
- Kai corporation (Japan)
- Hu-Friedy Mfg. Co.LLC (U.S)
- BVI (U.S)
- PL Medical Co. LLC (U.S)
- Kawamoto Corporation (Japan)
- Corza Medical (U.S)
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