USD 143.33 million
Surgical Blade Market Size, Share, Growth Analysis, By Product(Stainless Steel, High-Grade Carbon Steel), By Material(Sterile, Non-Sterile), By End User(Hospitals, Clinics), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35A2038 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
87
|Figures:
76
Surgical Blade Market Insights
Global Surgical Blade Market size was valued at USD 191.90 million in 2022 and is poised to grow from USD 202.66 million in 2023 to USD 306.57 million by 2031, growing at a CAGR of 5.31% in the forecast period (2024-2031).
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.
US Surgical Blade Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
stainless steel
Fastest Growth
stainless steel
Growth Rate
4.54% CAGR
Global Surgical Blade Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Surgical Blade Market Segmental Analysis
Global Surgical Blade Market is segmented by Product, Size, Type, End User, and region. Based on Product, the market can be segmented into Stainless steel, High-grade carbon steel and Others. Based on Size, the market can be segmented into 10 Scalpel Blade, 20 Scalpel Blade, 15 Scalpel Blade, 22 and 23 Scalpel Blades and Others. Based on Type, the market is segmented into Sterile and Non-sterile. Based on End User, the market can be segmented into Hospitals, Clinics and Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Surgical Blade Market 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.
Surgical Blade Market 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.
Surgical Blade Market 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.
Global Surgical Blade Market By product type, 2021 (%)
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Surgical Blade Market Regional Insights
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.
Global Surgical Blade Market By Geography, 2021-2028
- Largest
- Fastest
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Surgical Blade Market Dynamics
Surgical Blade Market Driver
- Hospitals, clinics, and ambulatory surgical centers are now more prevalent. Medical professionals now have additional career options available to them as a consequence. These worries have caused the surgical blade industry to grow. Demand is rising as a result of these blades' accessibility in a range of diameters and process-specific shapes. Surgical blades are available in a variety of forms and profiles, making it possible for teams and medical professionals to choose the best blade for the task.
- The increasing usage of surgical blades made of stainless steel, which have clean incisions for excellent cutting and are numbered appropriately, may present one of the most profitable prospects in mobile marketing. They have a longer shelf life and are sterile as well. These surgical goods are categorized as low-risk devices; therefore, they do not need to go through a rigorous approval process. These elements are probably going to lead to more product introductions, which will accelerate the market expansion of surgical blades in terms of revenue.
- In general, surgical blades are used for tissue dissection, skin incisions, and a range of surgical procedures. In procedures to address chronic conditions including cesarean sections, appendicitis, and others, these advantages are frequently exploited. The World Health Organization (WHO) estimates that in 2021, more than 1 in 5 (21%) childbirths will be performed through Caesarean section. The greatest rates are projected to be in Eastern Asia (63%) by 2030, followed by Latin America and the Caribbean (54%) and Western Asia (50%) and then Northern Africa (48%) and Southern Europe (47%), Australia, and New Zealand (45 percent).
Surgical Blade Market Restraint
- The expansion of the market is anticipated to be hampered by expensive research and development skills, limited infrastructure, expensive sports medicine, and a lack of awareness in underdeveloped countries. In addition, the market is anticipated to face challenges from 2022 to 2028 due to a lack of favorable reimbursement scenarios, a lack of technology penetration in developing economies, high customs duties on medical devices, and an absence of adequate infrastructure in low- and middle-income nations.
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Surgical Blade Market Competitive Landscape
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
- Swann-Morton Limited
- Hill-Rom Holdings, Inc.
- Medline Industries, Inc.
- Hu-Friedy Mfg. Co., LLC
- Feather Safety Razor Co., Ltd.
- Havel's Inc.
- HENRY SCHEIN INC.
- NIPRO Medical Corporation
- Aspen Surgical Products, Inc.
- MYCO Medical Supplies, Inc.
- PFM Medical, Inc.
- Southmedic Inc.
- Stericom Ltd.
- Surgical Specialties Corporation
- Trinity Sterile, Inc.
- Deroyal Industries, Inc.
- Geister Medizintechnik GmbH
- Personna Medical
- Surtex Instruments Ltd.
- Vantage Surgical Systems, Inc.
Surgical Blade Market Recent Developments
- In June 2021, Briggs' Stork division has been acquired by Aspen Surgical Products. With this purchase, the business's selection of disposable sterile items is expanded.
- In June 2021, Cantel Medical is a global provider of infection control products and services to endoscopy, dental dialysis, and life science customers, according to a statement from Steris Plc.
Surgical Blade Key Market Trends
- One of the most lucrative opportunities in mobile marketing might result from the rising use of stainless-steel surgical blades, which include razor-sharp cutting edges, clean incisions for improved cutting, and precisely numbered scalpel handles. They also have a longer shelf life and are sterile. These surgical supplies do not need to go through a lengthy regulatory process since they are categorized as low-risk devices. These elements are predicted to lead to more new product debuts, boosting the market's overall surgical blade revenue growth.
Surgical Blade Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 191.90 million |
| Market size value in 2031 | USD 306.57 million |
| Growth Rate | 5.31% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Surgical Blade Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Surgical Blade Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Blade Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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