Surgical Blades Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Surgical Blades Market in 2021?

The global market size of the surgical blades market in 2021 was valued at USD 2.5 billion. The market is expected to grow at a CAGR of 5.8% from 2021 to 2026, reaching a value of USD 3.8 billion by the end of the forecast period. The increasing number of surgeries, advancements in surgical techniques, and the rising prevalence of chronic diseases are driving the growth of the surgical blades market.

COVID-19 Impact on the Surgical Blades Market

The COVID-19 pandemic had a significant impact on the surgical blades market. Many hospitals canceled elective surgeries to focus on treating COVID-19 patients, leading to a temporary decline in the demand for surgical blades. However, as healthcare systems adapted to the new normal and resumed elective procedures, the market witnessed a gradual recovery. The demand for surgical blades is expected to increase further as the backlog of surgeries is cleared.

Surgical Blades Dynamics

The surgical blades market is driven by factors such as the increasing number of surgical procedures, technological advancements in surgical instruments, and the growing prevalence of chronic diseases. The market is also influenced by the rise in geriatric population, which is more prone to age-related diseases that require surgical interventions. Furthermore, the development of minimally invasive surgeries is expected to drive the demand for specialized surgical blades.

Segments and Related Analysis

The surgical blades market is segmented based on product type, material, end-user, and region. The product type segment includes disposable scalpels, reusable scalpels, and specialty blades. By material, the market is categorized into stainless steel, high-grade carbon steel, and others. End-users of surgical blades include hospitals, ambulatory surgical centers, and clinics.

By Region Analysis

The surgical blades market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2021 due to the presence of well-established healthcare infrastructure and the high number of surgical procedures performed in the region. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, driven by the increasing healthcare expenditure and the rising adoption of advanced surgical techniques.

Key Market Players and Competitive Landscape

Some of the key players in the surgical blades market include Swann-Morton Limited, Hill-Rom Holdings Inc., Hu-Friedy Mfg. Co. LLC, Feather Safety Razor Co. Ltd., and KAI Industries Co. Ltd. These companies are focusing on product innovation, strategic partnerships, and acquisitions to strengthen their market position. The competitive landscape of the surgical blades market is characterized by intense competition and the presence of several multinational and regional players.

Recent Happenings in the Surgical Blades Market

- In January 2022, Swann-Morton Limited launched a new line of stainless steel surgical blades with enhanced cutting performance. - In March 2022, Hill-Rom Holdings Inc. announced the acquisition of a leading manufacturer of surgical instruments to expand its product portfolio. - In May 2022, Hu-Friedy Mfg. Co. LLC introduced a new range of disposable scalpels with ergonomic handles for improved precision and control.