Surgical Blade Market Size, Share, & Trends Analysis Report By Product (Stainless Steel, High-Grade Carbon Steel), By Material (Sterile, Non-Sterile), By End Use (Hospitals, Clinics), And Segment Forecasts, 2019 - 2026

Report Overview

The global surgical blade market size was estimated at USD 136.2 million in 2018 and is projected to grow at a CAGR of 3.6%. An increase in the number of surgeries and global geriatric population are considered as primary drivers of the market. Moreover, an increase in the prevalence of chronic diseases, such as diabetes, cancer, & cardiovascular diseases, is also expected to fuel growth over the forecast period.

The products used in surgical procedures are considered as low-risk instruments that do not require a stringent regulatory process for manufacturing or use. Furthermore, an increase in the number of chronic diseases has propelled the development of more hospitals, clinics, and ambulatory surgical centers, which, in turn, has created more job opportunities for surgeons. These factors are augmenting the growth of the surgical blade market.

Stainless steel surgical blades are widely used by surgeons, owing to their better anti-corrosion property, making them a suitable choice for procedures utilizing a large volume of saline solution. These blades are commonly used in surgical procedures in moist conditions for longer periods and involve multiple incisions.

Furthermore, the availability of these blades in various sizes and shapes specific to a procedure is propelling the demand. Surgical blades are available in a variety of shapes and forms, enabling surgeons and medical staff to choose the right blade for a medical procedure. Stainless steel blades are increasingly being used by physicians across the globe. Additional features such as acute sharp cutting edges for clean cuts & high-quality cutting and numbered scalpel handles are gaining popularity among surgeons.

Advancements in surgeries and novel product launches by manufacturers, which help surgeons perform surgeries efficiently, are also driving the market. According to the National Health Statistics report, on 28.6 million ambulatory visits, approximately 48.3 million surgical and nonsurgical procedures were performed in 2010 in ambulatory surgical centers and hospitals combined. Rising incidence of chronic disorders & acute diseases among the geriatric population and increasing demand for improved surgical care at all ages is further augmenting growth. Furthermore, innovations in marketing strategies of medical devices and growing medical tourism in developing countries are opportunities for manufacturers to expand their customer base in emerging economies.

Product Insights

By product, the market has been segmented into stainless steel and high-grade carbon steel blades. These blades are made of superior quality materials and provide surgeons with high effectiveness during a surgery. They are normally made of lighter materials, such as plastic, which makes them ideal for use in different surgeries.

Stainless steel blades segment is expected to lead the market over the forecast period, owing to its high preference by surgeons, worldwide. Besides use in medical surgeries, stainless steel blades are also used for body piercing and body modification or transplant procedures. These blades exhibit improved strength and durability as compared to high-grade carbon steel. These features, along with various applications such as their ability to resist rust and corrosion are augmenting the stainless-steel blades market.

Material Insights

Sterile blades segment is anticipated to grow considerably over the coming years, owing to features such as superior cutting and clean incisions. Sterile blades offer a razor-sharp cutting edge with high efficiency while performing surgery. Moreover, they are safe, hygienic, and offer better protection to medical staff against various infections, which is becoming a key feature for end-users in the medical industry.

Non-sterile blades segment is expected to grow at a CAGR of 3.1% over the forecast period, owing to increasing use by surgeons and availability in a variety of grades and sizes to suit different requirements according to the surgery.

End-use Insights

By end-use, the market is segmented into hospitals, clinics, and ambulatory surgical segments. Hospital segment is anticipated to lead over the forecast period, due to improving infrastructure and increasing healthcare expenditure in hospitals. Moreover, the increase in surgeries due to road accidents and disorders is expected to boost segment growth over the forecast period. An increase in the number of skilled professionals and several medical centers in the world, due to government initiatives, is also driving growth. Also, an increase in the number of operating rooms due to higher demand is propelling the market.

Ambulatory surgical centers segment is also anticipated to grow at a rapid pace over the coming years, owing to a reduced hospital stay, low cost of treatment, same-day surgical procedures, and improvements in ambulatory surgical centers in developing economies. Moreover, ambulatory surgical centers employ skilled professionals who can offer first aid to patients before they get full medical treatment. The number of surgical clinics is also expected to grow substantially over the forecast period, due to improving healthcare facilities. The clinic segment was valued at USD 32.3 million in 2018 and is expected to grow at a CAGR of 3.1% over the forecast period, owing to an increase in the number of professionals in clinics and the number of clinics globally.

Regional Insights

Regionally, the surgical blade market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is leading owing to its well-established healthcare sector. The increasing prevalence of obesity and cardiac disorders is also expected to drive the region, along with the growing adoption of advanced surgical tools & devices.

Europe is expected to capture a significant share over the forecast period, due to an increase in the geriatric population, which is prone to various illnesses. Moreover, improvements in its healthcare sector and implementation of advanced medical products are augmenting the demand for surgical blades in the region.

The Asia Pacific is projected to be a lucrative region for surgical blades. Improvements in healthcare facilities and reimbursement policies in developing economies are key factors aiding growth in this region. China spearheaded the APAC region in 2018 owing to its large geriatric population and rapid economic growth. Furthermore, an increase in awareness regarding modern surgical procedures is expected to impel demand during the forecast period.

Surgical Blade Market Share Insights

Some prominent players are Swann-Morton Limited; PL Medical Co.; Hill-Rom, LLC; Beaver-Visitec International; VOGT Medical; Hu-Friedy Mfg. Co., LLC; B. Braun Melsungen AG; Kai Industries Co., Ltd.; Huaiyin Medical Instruments Co., Ltd; Havel's, Inc.; MYCO Medical, Inc.; Medicom; Cincinnati Surgical Company, Inc.; SouthMedic; and Surgical Specialties Corporation. Major players are focusing on new product launches, acquisitions, advancements in existing products & technologies, and other strategies to expand their business portfolio & strengthen their presence. For instance, in February 2019, Swann-Morton Limited launched “Sharps Training Portal,” a two-hour training on safety while handling surgical blades and scalpels.

Surgical Blade Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Grand View Research has segmented the surgical blade market report based on product, material, end-use, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2026)

  • Stainless Steel

  • High-Grade Carbon Steel

  • Others 

• Material Outlook (Revenue, USD Million, 2015 - 2026)

  • Sterile

  • Non-sterile

• End-use Outlook (Revenue, USD Million, 2015 - 2026)

  • Hospitals

  • Clinics

  • Ambulatory Surgical Centers

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    •  The U.S.

    • Canada

  •  Europe

    •  Germany

    •  U.K.

    •  France

    •  Italy

    • Spain

  • Asia Pacific

    •  Japan

    •  China

    •  India

    •  Australia

    • South Korea

  • Latin America

    •  Brazil

    •  Mexico

    •  Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE