Market Trends of Surgical Blades Industry
This section covers the major market trends shaping the Surgical Blades Market according to our research experts:
Stainless Blades segment is expected to hold a Significant Share in the Surgical Blades Market
Surgical blades can be manufactured from either carbon steel or stainless steel. A marginally softer stainless blade tends to be more flexible. Surgical blades are essentially used for making skin incisions, tissue dissections, and a variety of surgical approaches. These benefits are extensively used in surgeries to treat chronic disorders, such as cesarean sections, appendicitis, and others. The stainless steel blade has better anti-corrosion properties, which make it a more suitable blade for a disposable scalpel given the way it is packaged and typically used in more uncontrolled environments or for procedures that use copious amounts of saline solution, which would cause an immediate rusting action when contacting the surface of a carbon blade. An increase in surgical cases is expected to drive segmental growth. According to WHO updates from June 2021, cesarean section use continues to rise globally, accounting for more than 1 in 5 (21%) childbirths. If this trend continues, by 2030, the highest rates are likely to be in Eastern Asia (63%), Latin America and the Caribbean (54%), Western Asia (50%), Northern Africa (48%), Southern Europe (47%), and Australia and New Zealand (45%).
Several countries are also experiencing a rise in surgical procedures owing to the rising burden of non-communicable diseases and injuries. For instance, according to the journal published in the Lancet in August 2021, the number of adults aged 30-79 years with hypertension has increased from 650 million to 1.28 billion in the last 30 years. The rising prevalence of chronic and lifestyle diseases, as well as the high volume of injuries, create a high demand for surgical procedures.Additionally, the data published by the European Heart Network in 2021 reported that in the European Union, more than 60 million people live with cardiovascular disease, and nearly 13 million new cases of cardiovascular diseases are diagnosed every year. Such an increasing prevalence of cardiovascular diseases, which led to a growing need for surgical procedures and treatment, is expected to drive the growth of the surgical blade market.
Because of these things, the segment is expected to grow a lot over the next few years.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
North America is expected to show a significant share of the overall market throughout the forecast period, due to better regulations of surgical devices and growing awareness among the population about the need to approach surgeries in cases of injuries and chronic disease problems. According to data from the University of Alabama at Birmingham from April 2021, 350,000 CABG surgeries are performed in the United States each year.The rising prevalence of cardiovascular disorders and obesity rates is attributed to the market's growth in this region. Furthermore, according to the CDC's 2022 update, 18.2 million adults had coronary artery disease, and approximately 70% of these patients underwent surgery. The United States records nearly 35 million hospital stays each year. Hence, this rise in hospital stays and surgeries is expected to drive the market's growth. The increasing number of injuries due to road accidents in the United States resulted in increased surgical procedures, thereby increasing the usage of surgical blades. According to the data published in March 2022 by ASIRT, annually, 4.4 million Americans are injured seriously enough to require medical attention in the United States.
According to a study published in November 2021 by Surgical Endoscopy, laparoscopic cholecystectomy is the most common abdominal surgical treatment in the United States, with over 750,000 procedures performed annually. These procedures use surgical blades, which is expected to boost the market's growth in the country.
So, the growth of the market in North America should be helped by the above factors over the next few years.
