Published on: May 2022
Highlights of the Global Surgical Blades and Scalpels Market from 2017 to 2025
The global surgical blades and scalpels market generated USD 344.7 million in revenue in 2017 and is expected to reach USD 629.1 million by the end of 2025, increasing at a CAGR of 9.31% over the forecast period of 2020-2025. The increased adoption of interventional surgeries is primarily responsible for the market's growth. Furthermore, the rising prevalence of cardiovascular disorders globally is expected to increase the demand for operations, driving market growth in the approaching years. Noncommunicable diseases (NCDs) are known to kill 41 million people per year, according to World Health Organisation (WHO) statistics. Furthermore, it is predicted that more than 15 million people between the ages of 30 and 69 die each year as a result of an NCD. With the rising prevalence of chronic diseases, surgical treatments are becoming increasingly important for resolving critical issues, which is expected to fuel market expansion. In addition, rising healthcare expenditures in various nations are likely to support market expansion in the future years.
The Growth Drivers and Challenges Affecting the Global Surgical Blades and Scalpels Market
Growth Drivers
Challenges
Synopsis of the Global Surgical Blades and Scalpels Market
Stainless steel, high-grade carbon steel, and other materials are used to segment the global surgical blades and scalpels market. By the end of 2025, the stainless steel category is predicted to have the biggest market share and generate the most revenue of USD 288.8 million. During the projected period, the segment is also expected to increase at the fastest rate, with a CAGR of 9.63 percent. Stainless steel blades are typically rust resistant as well as cost-effective. Stainless steel blades, according to surgeons, provide the best durability and precision. As a result, surgeons in the healthcare profession prefer to use stainless steel blades. The market is further divided by end user into hospitals, clinics, and others, with the hospital segment growing at the fastest rate of 9.67 percent throughout the projection period. By the end of 2025, the category is predicted to have the biggest market share and generate USD 417.2 million in sales. The market is divided into disposable and reusable segments based on product type, with the disposable segment expected to grow at the fastest rate of 9.65 percent over the forecast period.
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