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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

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

  • Sterile
  • Non - sterile

By Material Type

  • Stainless steel
  • High carbon steel
  • Tempered steel

By End Users

  • Hospital
  • Clinical laboratories
  • Nursing centers

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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