Increasing the number of surgery and geriatric population globally drive the market for surgical blade and also the increasing the incident of chronic disease have benefit for the surgical market. Surgical blade is sharp instrument used to make cut into the body and comes in various sizes for different type of cut and surgeries. Surgical blades may be single use disposable or re-usable. Technological development in surgery, laser surgery which make negative impact on growth of surgical blade market.
Global Surgical Blades Market - Drivers
The global surgical blades market is expected to increase, owing to rising number of surgeries during forecast period. For instance, according to data of Healthcare Cost and Utilization Project (HCUP). In 2014, 17.2 million hospital visits were done, which (ambulatory or inpatient) included invasive, therapeutic surgeries in U.S.
Increasing geriatric population, coupled with increasing chronic diseases and surgeries is also expected to benefit the global surgical blade market during the forecast period. For instance, according to the World Health Organization (WHO), world geriatric population will nearly double from 12% to 22% between 2015 and 2050.
Global Surgical blades market – Restraints
Due to increasing preference of laser surgery can reduce the market of surgical blade is the major factor restraining growth of surgical blade market during the forecast period. Recently, using a laser surgery to do cataract surgery allows the surgeon to make very precise incisions in less time. It can improve accuracy and consistency in surgical steps.
Global Surgical Blades Market - Regional Analysis
North America is expected hold dominant position the global surgical blade market during the forecast period, owning to increasing demand for the treatment of chronic diseases surgery such as diabetes surgery, chronic kidney surgery For instance, according to The National Institute of Diabetes and Digestive and Kidney Disease 2015, more than 661,000 have kidney failure disease in U.S.
Asia Pacific is expected to witness significant growth over the forecast period, owing to increasing medical infrastructure and increasing investment in health protection, medical centers. Moreover, rising number of surgeries such as diabetic surgery, chronic kidney surgery in emerging economies such as India is also driving Asia Pacific market. For instance, according to Indian Brand Equity Foundation, in 2018, Government of India approved Ayushman Bharat-National Health Protection Mission. Ayushman Bharat-National Health Protection Mission will have defined benefit cover of US$ 7,174 per family, annually.
Global Surgical Blades Market-Competitive landscape
Key players operating in the global surgical blades market include MYCO medical, Hu-Friedy, VOGT medical, Hill-Rom, Cincinnati surgical company Inc., Pl medical co., Surgical Specialties Corporation, and Havel’s Inc.
Global Surgical Blades Markets- Taxonomy
The global surgical blades market is segmented on the basis of product type, material type, end users, and region.
By Product Type
By Material Type
- Stainless steel
- High carbon steel
- Tempered steel
By End Users
- Clinical laboratories
- Nursing centers
- North America
- Latin America
- Asia Pacific
- Middle East