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

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.