Global surgical blade market is anticipated to show significant growth over the forecast period. Rise in number of surgeries on the global scale, growing number of medical centers & operating rooms are factors majorly influencing the growth of the market.
Surgical blades are the instruments used for cutting skin and tissue in surgical procedures. New product launches by manufacturers that help surgeons to perform surgeries at a faster rate and improvements in overall surgeries is propelling the surgical blades market. Growing geriatric population, increase in number of surgeons & specialists, and increasing number of surgeries is expected to further augment the demand for surgical blades over the forecast period. Furthermore, innovations in medical devices and their commercialization, and growing medical tourism in emerging economies is an opportunity for the manufacturers to expand their customer base in developing countries.
Growing cases of chronic disorders and acute diseases among elderly population and rising cancer incidence is driving the demand for the targeted products. Increasing importance of surgical care at all ages, increase in number of eye-related disorders, and improving healthcare infrastructure in the emerging economies is also influencing the market growth. According to the National Health Statistics report, approximately 48.3 million surgical and non-surgical procedures were performed in 2010, in Ambulatory Surgical Centers on the way to hospitals.
In terms of material type, surgical blade market is segmented into stainless steel and high grade carbon steel. On the basis of product type, surgical blades industry is divided into sterile and non-sterile. The sterile segment is anticipated to lead the market driven by increase in demand by physicians on the global scale. Moreover, increased efficacy offered by these blades is unmatched in comparison to others.
Regionally, surgical blade market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to witness strong growth in the near future owing to improving healthcare infrastructure, growing geriatric population in economies, such as China and India, and increase in number of patients with chronic disorders.
The players operating in the market include Swann-Morton Limited, PL Medical Co., LLC, VOGT Medical, Beaver-Visitec International, B. Braun Melsungen AG, Kai Industries Co., Ltd., Havel's Inc., MYCO Medical, Inc., Hu-Friedy Mfg. Co., LLC, Medicom, Hill-Rom, Cincinnati Surgical Company Inc., SouthMedic, Huaiyin Medical Instruments Co.,Ltd, and Surgical Specialties Corporation.
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