Surgical Blades Market - Growth, Trends, and Forecasts (2023-2028)

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 Market Trends

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.

Surgical Blades Market Competitor Analysis

The surgical blade market is moderate due to the presence of companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well-known, including Aspen Surgical, B. Braun SE, Beye LLC, Hu-Friedy Mfg. Co., LLC, and Kai Industries Co., Ltd., among others.

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• The market estimate (ME) sheet in Excel format
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