Surgical Blades Market Size (2024 - 2029)

The surgical blades market is anticipated to experience growth over the forecast period, driven by an increase in surgical procedures and healthcare expenditures. The market's expansion is recovering from the initial decline caused by the COVID-19 pandemic, as postponed surgeries resume and the demand for surgical blades rises. Key market players are contributing to this growth through strategic initiatives such as product launches and mergers. Despite these positive trends, the market's growth may be hindered by a shortage of skilled professionals.

Market Size of Surgical Blades Industry

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Surgical Blades Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.30 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Surgical Blades Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Surgical Blades Market Analysis

Over the next few years, the market for surgical blades is expected to register a CAGR of 4.3%.

The COVID-19 pandemic was an unprecedented health concern and adversely affected various surgical procedures. Due to the regulatory authorities' strict guidance to prevent any non-emergent surgeries, the volume of surgeries drastically decreased throughout the pandemic. According to the study published in October 2021 by the National Library of Medicine worldwide, there has been a 42.8% decrease in general surgery admissions. Thus, the reduction in the number of surgical procedures during the COVID-19 pandemic affected the market's growth. However, the postponed surgeries resumed worldwide, driving the market's growth during the post-pandemic period. The number of surgical procedures due to trauma, hip and knee replacements, and chronic diseases such as cardiovascular diseases where surgery is mandatory is growing. For instance, as per the research study published in June 2021 by the Journal of Thoracic and Cardiovascular Surgery, a total of 92,809 operations were classified as "heart surgery procedures" in the classical sense, of which 29,444 were isolated coronary artery bypass grafting procedures, 35,469 were isolated heart valve procedures, and the number of isolated heart transplantations increased by 2% to 340. The restrictions caused by the pandemic in its initial phase led to a decrease in surgical cases, reducing the demand for surgical blades. However, the market is gradually stabilizing as COVID-19 cases decline and the number of heart procedures and operations is increasing, thus boosting the growth of the surgical blades market.

Factors driving the market's growth include an increasing number of surgeries and rising healthcare expenditures. According to the data published by the HSRA in March 2022, about 40,000 organ transplants were performed in the United States in 2021. In addition, 26,670 kidney transplants and 9,236 live transplants were performed in the United States in 2021. Furthermore, according to a National Library of Medicine article, nearly nine major surgeries were performed annually for every 100 older people in the United States in July 2021, and more than one in every seven Medicare beneficiaries underwent a major surgery over five years, representing nearly 5 million unique older people.Thus, an increase in surgical cases is expected to increase the demand for surgical blades, hence driving the market.

Various initiatives taken by the key market players, such as product launches, mergers, acquisitions, and partnerships, are expected to boost the market's growth during the forecast period. For instance, in June 2021, Aspen Surgical Products Inc., a provider of surgical disposable products, announced the acquisition of Stork, a division of Briggs Healthcare. Over the next few years, these kinds of changes are likely to make the market grow.

The above-mentioned factors are expected to drive the market's growth across the world. However, a lack of skilled professionals is expected to hamper the growth of the surgical blade market during the forecast period.

Surgical Blades Industry Segmentation

As per the report's scope, surgical blades, or scalpels, are used for cutting skin and tissue during surgical procedures. Surgical blades vary in size and shape. These are typically made with stainless steel or carbon steel. The surgical blades market is segmented by product (stainless steel blades and high-grade carbon blades), type (sterile and non-sterile), end user (hospitals and clinics, ambulatory surgical centers, and others), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD million) for the above segments.

By Product
Stainless Blade
High-grade Carbon Blade
By Type
Sterile
Non-Sterile
By End-User
Hospitals and Clinics
Ambulatory Surgical Centers
Other End-Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Surgical Blades Market Size Summary

The surgical blades market is poised for steady growth over the coming years, driven by an increasing number of surgical procedures and rising healthcare expenditures. The market experienced a temporary setback during the COVID-19 pandemic due to a significant reduction in non-emergent surgeries, which led to a decreased demand for surgical blades. However, as surgeries resumed globally, particularly those related to trauma, hip and knee replacements, and chronic conditions like cardiovascular diseases, the market began to recover. The demand for surgical blades is further bolstered by the rising prevalence of chronic and lifestyle diseases, which necessitate surgical interventions. Key market players are actively engaging in product launches, mergers, acquisitions, and partnerships to enhance their market presence and drive growth.

North America is expected to maintain a significant share of the surgical blades market, supported by stringent regulations and increased awareness of surgical needs for chronic disease management and injury treatment. The region's growth is attributed to the high prevalence of cardiovascular disorders and obesity, leading to a rise in surgical procedures. The competitive landscape of the market is moderate, with both global and regional companies like Aspen Surgical, B. Braun SE, and Hu-Friedy Mfg. Co., LLC, holding substantial market shares. Innovations such as the acquisition of advanced surgical technologies and the introduction of augmented reality platforms are anticipated to further propel market growth in the coming years.

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Surgical Blades Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Surgeries

      2. 1.2.2 Rising Healthcare Expenditure

    3. 1.3 Market Restraints

      1. 1.3.1 Lack Of Skilled Professionals

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Stainless Blade

      2. 2.1.2 High-grade Carbon Blade

    2. 2.2 By Type

      1. 2.2.1 Sterile

      2. 2.2.2 Non-Sterile

    3. 2.3 By End-User

      1. 2.3.1 Hospitals and Clinics

      2. 2.3.2 Ambulatory Surgical Centers

      3. 2.3.3 Other End-Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Surgical Blades Market Size FAQs

The Surgical Blades Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)

Swann-Morton Limited , Aspen Surgical , PL Medical Co., LLC. , VOGT Medical and Hu-Friedy Mfg. Co., LLC are the major companies operating in the Surgical Blades Market.

Surgical Blades Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)