Global Surgical Blade Market Report and Forecast 2024-2032

Global Surgical Blade Market Outlook

The global surgical blade market size reached a value of around USD 166.54 million in 2023. The market is projected to grow at a CAGR of 4.4% between 2024 and 2032 to attain a value of nearly USD 245.12 million by 2032.

Key Trends in the Market

Surgical blades are used to make incisions during surgical procedures. Depending on the technique, numerous types of blades are available, and the size and shape of surgical blades may vary. The size and shape of the blade are indicated by the blade's number. Stainless steel is the most frequently used material in the production of surgical blades.

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• Stainless steel surgical blades are widely used by surgeons and are a good option for procedures involving a significant amount of saline solution. These blades are frequently employed during lengthy, wet surgical operations that need several incisions, due to their razor-sharp cutting edges, clean incisions for superior cutting, and precisely numbered scalpel handles.

• An increase in the number of surgical operations for diseases and accidents is one of the key surgical blade market trends. Also, growing elderly population and a rise in chronic disorders, including cancer, diabetes, and cardiovascular conditions, are anticipated to lead to a rise in the number of surgical procedures.

• The number of hospitals, clinics, and ambulatory surgery centres is significantly expanding, due to which the demand for surgical blades in different sizes and process-specific shapes and handles is rising. Moreover, surgical blades are available in a variety of types for precise and consistent incision results, making it possible for medical groups and professionals to choose the best blade for specific tasks.

Market Analysis

Based on product, the surgical blade market can be bifurcated into stainless steel blade and high-grade carbon blade. By type, it can be categorised into sterile and non-sterile. On the basis of end-uses, the market can be divided into hospitals and clinics, and ambulatory surgical centres, among others. The major regional markets for surgical blade include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global surgical blade market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Swann-Morton Limited

• Aspen Surgical

• PL Medical Co., LLC

• Hu-Friedy Mfg. Co., LLC.

• B. Braun Melsungen AG

• Kai Corporation

• McKesson Medical-Surgical Inc.

• Myco Medical

• Medicom

• Southmedic Inc. 

• Others

Market Share by Product

Stainless-steel blades are anticipated to witness a healthy demand during the forecast period owing to the rising utilisation of stainless steel surgical blades by medical professionals due to their various advantages. Steel materials are a preferred option for scalpels because of their affordability and rust-resistant property. In addition to medical treatments, they are also ideal for body piercing, cosmetic surgery, and organ transplants. Comparing these blades to high-grade carbon steel reveals that they are stronger and more durable.

Market Share by End-Use

Hospitals, among other end-use sectors of surgical blades, are expected to hold a considerable share of the market. The increasing hospital admissions and a rise in the number of surgeries due to illness and accidents are likely to fuel the surgical blade market demand from hospitals. Also, the segment is likely to benefit from an increase in the number of skilled medical staff and advanced healthcare facilities worldwide, supported by favourable government initiatives.

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Market Share by Region

North America holds a significant share of the surgical blade market due to the robust healthcare sector in countries like the United States and Canada. The expanding use of cutting-edge surgical equipment and techniques and the rising prevalence of obesity and cardiac problems have been bolstering the demand for surgical blades. Further, due to improved surgical device regulations and the rising number of surgical procedures in North America, the region is expected to hold a sizable share of the market in the coming years.

However, the market growth for surgical blades may be hindered by challenges such as the lack of awareness of the latest developments in the market in remote and less developed regions. Furthermore, the surgical blade market can also experience setbacks due to a lack of skilled professionals and stringent regulatory orders.

Competitive Landscape

Swann-Morton Limited is one of the global leaders in the manufacturing of scalpel blades, scalpels, and handles. It is based in the United Kingdom, and the company has been operating in the field of medical device manufacturing since 1932. The company has built its reputation based on its ability to combine traditional manufacturing skills with the latest technology and create precise, consistent, and high-quality products.

Aspen Surgical is a major player in the medical equipment manufacturing sector. The company was founded in 1999, and it is headquartered in Michigan, the United States. It has developed expertise in various fields including manufacturing, new product development, quality assurance, operations, and supply chain, among others. Through its wide portfolio, the company aims to enhance efficiency and safety in healthcare settings, including operating rooms.

PL Medical Co., LLC is a company operating in the medical sector since its foundation in 1988. The company has been aiding medical professionals by providing high-quality and cost-effective medical devices. The company is focused on monitoring medical trends and developing unique solutions for the medical sector.

Other players in the surgical blade market include Hu-Friedy Mfg. Co., LLC., B. Braun Melsungen AG, Kai Corporation, McKesson Medical-Surgical Inc., Myco Medical, Medicom, and Southmedic Inc., among others.

Key Highlights of the Report