USD 145.2 billion
Report ID: SQSG35A2038 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 87 | Figures: 70
Global surgical blade market was valued at USD 145.2 billion in 2021, and it is expected to reach a value of USD 198.92 billion by 2028, at a CAGR of more than 4.6% over the forecast period (2022-2028).
During surgical operations, surgical blades, often known as scalpels, are used to cut skin and tissue. Depending on the technique, numerous types of blades are available. The size and form of surgical blades vary. The size and form of the blade are indicated by the blade's number. Stainless steel or carbon steel are frequently used in the production of surgical blades. Surgical blades are available in a range of shapes, allowing surgeons and medical professionals to choose the best blade for the job. Surgical blades and blade handles are often offered separately. Disposable scalpels with surgical blades are available (sterile and non-sterile). Single-use scalpels known as disposable scalpels frequently include a plastic handle attached to a surgical blade.
The demand is being driven by the availability of these blades in various sizes and forms that are specific to an operation. Because surgical blades come in a range of sizes and shapes, surgeons and other medical professionals may select the ideal blade for a certain surgery. Physicians all around the world are using stainless steel blades more and more. Added features such as numbered scalpel handles, acute sharp cutting edges for clean cuts, and high-quality cutting are becoming more and more popular among surgeons.
For example, every surgical blade has a unique number that serves as a shorthand identifier for describing its size and form. The origin of the numbering system may be traced back to Morgan Parker, who gave the surgical blades a number between 10 and 20 and numbered the handles from 1 to 9. The medical community began to adopt the approach generally. The optimum surgical blade handle for the treatment is chosen by the surgeon. To give the surgeon the best precision, balance, and visibility, surgical blade handles vary in size, weight, and length.
Global Market Size
USD 145.2 billion
more than 4.6% CAGR
To get more reports on the above market click here to Buy The Report
Global surgical blade market is segmented based on the product, end user, and region. Based on the product, the global surgical blade market is segmented into stainless steel, and high-grade carbon steel. Based on material the global surgical blade market is segmented into sterile, and non-sterile. Based on end use the global surgical blade market is segmented into hospitals and clinics. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Product
Due to the high preference of surgeons throughout the world, the stainless-steel blades segment led the market in 2022 and is predicted to continue to do so over the projected period. Stainless steel blades are used for body piercing, cosmetic surgery, and organ transplants in addition to medical treatments. Comparing these blades to high-grade carbon steel reveals that they are stronger and more durable. The market for stainless-steel blades is expanding as a result of these characteristics and a variety of uses, including their resistance to rust and corrosion. Given how disposable scalpels are packaged and frequently used in less controlled environments or for procedures involving large amounts of saline solution, which would cause an immediate rusting action when contacting the surface of a carbon blade, the stainless blade has better anti-corrosion properties, making it a more suitable blade for a disposable scalpel.
Analysis by Material
Due to qualities including excellent cutting and clean incisions, the sterile blades market is expected to expand significantly over the next years. When doing surgery, sterile blades provide a cutting edge that is extremely efficient and razor-sharp. Additionally, they are secure, clean, and provide superior defense against infections to medical workers, which is turning into a crucial aspect for end-users in the medical sector. Due to rising surgeon usage and availability in a range of grades and sizes to meet various needs depending on the surgery, the non-sterile blades sector is anticipated to increase at a CAGR of 4.2 percent over the projected period.
Analysis by End User
Given the predicted improvements in infrastructure and rising healthcare spending in hospitals, the hospital category is expected to take the lead throughout the projection period. For example, in India, according to the Economic Survey 2021–22 that was presented to the parliament, government spending on the health sector surged by 73 percent to 4.72 lakh crore in 2021–22 from 2.73 lakh crore in 2019–20. Although practically all social services were impacted by the epidemic, the health sector was the worst damaged. From 2.73 lakh crore in 2019–20 (pre–Covid–19) to 4.72 lakh crore in 2021–22 (BE), or an almost 73 percent increase, was spent on the health sector. During the fiscal year 2021–2022, the total spending of the federal government and the state governments on the social services sector rose to 71.61 lakh crore. 6.97 lakh crore, 4.72 lakh crore, and 7.37 lakh crore of the total were spent on education, health, and other sectoral categories, respectively. The expense for this year is 9.8% more than the revised estimate of 65.24 lakh crore for the fiscal year 2020–21. In the past year, 6.21 lakh crores were spent on education, 3.50 lakh crores on health, and 6.63 crores on other things.
Additionally, it is anticipated that during the course of the projected period, the number of operations related to illnesses and traffic accidents would rise. Growth is also being fueled by an expansion in the number of highly qualified workers and medical facilities worldwide as a result of government efforts. Additionally, the industry is being driven by an expansion of operating rooms as a result of greater demand.
Due to shorter hospital stays, affordable healthcare, same-day surgeries, and advancements in ambulatory surgical centers in developing countries, the category of ambulatory surgical centers is also predicted to expand quickly in the upcoming years. In addition, ambulatory surgery clinics employ qualified personnel who may provide first aid to patients before they get comprehensive medical care. Due to bettering healthcare facilities, the number of surgical clinics is also anticipated to increase significantly throughout the projection period.
To get detailed analysis on other segments, Request For Sample Report
North America is in the lead because of its mature healthcare industry. Along with the expanding use of cutting-edge surgical equipment & techniques, the area is also anticipated to be driven by the rising prevalence of obesity and heart problems. Adult obesity rates now exceed 35% in 16 states, according to the most current Behavioral Risk Factor Surveillance System (BRFSS) statistics. The lowest adult obesity rate is in Colorado with 24.2%, while Mississippi has the highest rate at 39.7%. In Alabama, California, and Iowa, the adult obesity rate rose between 2019 and 2020. In 26 states, the incidence of adult obesity has dramatically grown since 2015.
Due to a growth in the senior population, which is susceptible to numerous ailments, Europe is predicted to hold a sizable share over the projection period. The region's demand for surgical blades is also being boosted by advancements in the healthcare industry and the use of cutting-edge medical equipment. More over one fifth (20.8 percent) of EU citizens were 65 years of age or older in 2021. Between 2021 and 2100, there will be a predicted 2.5-fold rise in the proportion of individuals in the EU who are 80 or older, from 6.0 to 14.6%.
The Ayushman Bharat Yojana was created with Universal Health Coverage in mind. Ayushman Bharat strives to make India's fragmented healthcare system comprehensive. It is important to consider the health industry as a whole and make sure that Indians receive ongoing treatment. For example, Health and Wellness Centers (HWC) and Pradhan Mantri Jan Arogya Yojana are two elements of Ayushman Bharat (PM-JAY). To guarantee that individuals receive better healthcare, 150000 HWCs have been constructed. These HWCs are updated versions of older programs like Primary Health Centers and Sub Centers. For the impoverished, there is a health insurance program called PM-JAY. The yearly health coverage offered is Rs. 5 lakhs per family, with a monthly cost of Rs. 30. It is anticipated that the Asia Pacific would be a lucrative market for surgical blades. Growth in this region is mostly facilitated by improvements in healthcare infrastructure and reimbursement practices in developing nations. China led the APAC area because of its sizable elderly population and quick economic development. Additionally, throughout the projected period, a rise in the knowledge of contemporary surgical treatments is anticipated to drive demand.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global surgical blade market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Top Players in the Global Surgical Blade Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global surgical blade market analysis, in terms of product, the stainless-steel segment held the largest share in the market. Stainless steel blades are used for body piercing, cosmetic surgery, and organ transplants in addition to medical treatments. Based on material, the sterile blades held the largest share in the market. Due to qualities including excellent cutting and clean incisions, the sterile blades market is expected to expand significantly over the next years. Based on end user, the hospital segment held the largest share in the market. Given the predicted improvements in infrastructure and rising healthcare spending in hospitals., Based on region, the North American region held the largest share in the market. Along with the expanding use of cutting-edge surgical equipment & techniques, the area is also anticipated to be driven by the rising prevalence of obesity and heart problems.
|Market size value in 2021||USD 145.2 billion|
|Market size value in 2028||USD 198.92 billion|
|Growth Rate||more than 4.6%|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Surgical Blade Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Surgical Blade Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Surgical Blade Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Surgical Blade Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG35A2038