Global Surgical Blades Market to Witness Sluggish Growth as Preference for Minimally Invasive Surgeries Growing

A new exhaustive study titled “Global Market Study on Surgical Blades: Stainless Steel to Remain Most Preferred Material Type During 2017 - 2026” has recently been submitted to the vast database of Market Research Reports Search Engine (MRRSE). According to the report, the global surgical blades market is likely to reach a valuation of nearly US$ 180 Mn by 2026-end.

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The key factors driving the growth of the surgical blades market include increase in the prevalence of diseases that require surgical intervention and higher investments in healthcare development in developing countries. Rise in geriatric population is another key factor that has led to increased demand for surgical blades globally.

Although the outlook on surgical blades remains positive, growing preference for minimally invasive surgeries is likely to hinder growth of the market during the assessment period. Innovation in medical device technology has meant that a number of procedures can be carried out with extensive surgical intervention, and this has led to decline in demand for surgical blades. On account of these factors, the surgical blades market is likely to witness sluggish growth during the assessment period.

The report segments the global surgical blades market on the basis of material type, end user, product type and region. The material type segment is further divided into high grade carbon steel, stainless steel and others. The end user segment is sub-segmented into reference laboratories, nursing centers, ambulatory surgical centers, clinics and hospitals. The product type segment bifurcates the global market into sterile and non-sterile. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

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By product type, demand for sterile surgical blades is higher than non-sterile variants, and this segment is likely to grow at 3.4% CAGR during the assessment period. By end-use, hospitals account for the largest demand for surgical blades, and this segment is likely to grow at 2.6% CAGR throughout the assessment period. By material type, demand for stainless steel in the manufacture of surgical blades is the highest. The report projects this segment to grow at a CAGR of 3.2% during the assessment period. Asia Pacific excluding Japan (APEJ) is the largest market for surgical blades globally, and it is likely that status quo will remain unchanged during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are Kawamoto Corporation, PL Medical Company LLC, VOGT MEDICAL, Hu-Friedy Mfg. Co. LLC, Huaiyin Medical Instruments Co. Ltd, Beaver-Visitec International, Kai Industries Co. Ltd, Hill-Rom Holdings,Inc, Cincinnati Surgical Company Inc and Swann-Morton Limited.

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This release was published on openPR.