Surgical Blades Market Price, Scope, Competitor Analysis and Forecast 2021 to 2030

(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Surgical Blades Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Surgical Blades Market products.

The Global Surgical Blades market is expected to register a CAGR of 7.4% during the forecast period of 2019 to 2025 and will achieve USD 535 Million in 2025 with a market value of USD 346 Million in 2018.Surgical blade is a sharp, small and bladed instrument used for cutting skin and tissue at the time of surgery. Surgical scalpel can be one time usable or reusable. One-time usable scalpels called as disposable scalpel generally come with a plastic handle attached to a surgical blade. Surgical blades are generally made from stainless steel or carbon steel. There are several types of blades depending upon the type of surgical procedures. Surgical blades are generally available in sterile and non-sterile form of packaging. Majorly, disposable scalpels are widely used as they help to prevent the cross contamination at the time of surgery. Reusable scalpels usually come with permanently attached blades.

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Segmentation

The global surgical blades market has been segmented based on product type, material and end user.The market based on product type has been bifurcated into sterile and non-sterile surgical blades. The sterile sub segment is expected to be the largest product type market as there is increase in demand by the physicians universally. Besides these blades have more potency as compared to other blades.The market, by material has been classified into Stainless steel, High Grade carbon steel. Among this, stainless-steel sub segment is the largest in terms of value and is predicted to achieve more revenue in the upcoming market.The market, based on end user has been bifurcated into hospital, Clinics, Nursing Centre, Ambulatory Surgical Centre. Among this, hospital segment is the largest end users of surgical blades and is expected to hold a major market share. This is due to increase in number of hospitals day by day. Also, majority of surgical procedures are been performed in hospitals.

The market has been classified into region, such as Americas, Europe, Asia-Pacific, and the Middle East & Africa. The surgical blades market in the Americas has further been divided into North America. Within North American, market is been further bifurcated into the US and Canada. The European surgical blades market has been sub-classified into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, Italy, Spain, UK, and the rest of Western Europe. The surgical blades market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and Rest of Asia-Pacific. The surgical blades market in the Middle East & Africa has been classified into the Middle East and Africa.

Key Players

Hillrom Services Inc

Swann Morton Limited

Kai Corporation

Huaiyin Medical Instruments Co., Ltd

Mani

Shanghai Medical Instruments (Group) Ltd.,

Surgical Specialties Corporation

Hu- Friedy

GEISTER MEDIZINTECHNIK GmbH

PL Medical Co., LLC

KAWAMOTO CORPORATION

Regional Market Summary

Global Surgical blades Market Share (%), by Region, 2018

 Source: World Health Organization (WHO), Institute of Medicine (IOM)

The market in America is projected to have the highest surgical blades market during the forecast period owing to the increasing number of patients with chronic diseases and government initiatives for healthcare reforms. For instance, according to National Health Statistics approximately 31.6 million surgeries for cancer patients were conducted in this region in 2018, and this will eventually boost the market for surgical blades.

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The market in Europe showed a substantial amount of growth. The market growth in this region can be attributed to the presence of a well-established healthcare system, increase in chronic diseases and the involvement of key companies. For instance, according to latest data from Centres for Disease Control and Prevention 11.3 million cardiovascular surgeries were carried out in this region in 2018.

The market in Asia Pacific is expected to have the fastest growth rate in surgical blades market due to the increase in development of healthcare infrastructures. Moreover, there is increase in number of patients suffering from chronic disease. Although India and China are now making their way to construct more and more number of Medical and Hospital Centres.The market in Middle east and Africa is expected to grow at a substantial rate due to the increase in demand of surgical treatment in the region.

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Global Surgical blades Market, by Product type

Sterile

Non Sterile

Global Surgical blades Market, by Material

Stainless Steel

High Grade Carbon Steel

Global Surgical blades Market, by End User

Hospital

Clinics

Nursing Centres

Ambulatory Surgical Centre

Global Surgical blades Market, by Region

Americas

North America

US

Canada

Europe

Western Europe

Germany

France

Italy

Spain

UK

Rest of Western Europe

Eastern Europe

Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East

Africa

Intended Audience

Medical Device Companies

Research and Development (R&D) Companies

Government Research Institutes

Academic Institutes and Universities

Venture Capitalists

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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