Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSThe global surgical blades & scalpels market attained revenue of USD 344.7 Million in 2017 and is estimated to garner USD 629.1 Million by the end of 2025 by growing at a CAGR of 9.31% over the forecast period i.e., 2020-2025. The growth of the market can be primarily attributed to the rising adoption of interventional surgeries. Moreover, the growing prevalence of cardiovascular diseases worldwide is anticipated to raise the need for surgeries, and in turn drive the market growth in the coming years. According to the statistics by the World Health Organization (WHO), each year noncommunicable diseases (NCDs) is known to kill 41 Million people. Additionally, it has been estimated that more than 15 million people between the ages of 30 and 69 years die from a NCD each year. With the growing burden of chronic diseases, surgical procedures are becoming vital for recovering crucial problems, which in turn is estimated to drive the market growth. Further, the ever-increasing healthcare expenditure in various countries is also expected to bolster the market's growth in the upcoming years.
Regionally, the global market is segmented into five major regions comprising North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the markets in these regions, the North America surgical blades & scalpels market is estimated to hold leading market share of 34% by the end of 2025. In the year 2017, the market in the region gained a revenue of USD 116.8 Million, and by the end of 2025, the market is expected to reach USD 210.5 Million by growing at a CAGR of 9.20% during the forecast period. The market in the region is segmented by country into the U.S., Canada, and Mexico, out of which, the market in the U.S. is expected to hold the largest market revenue of USD 103.8 Million and the highest share of 49.31% by the end of 2025. On the other hand, the market in Europe is projected to hold second leading stance by garnering a revenue of USD 178.6 Million by the end of 2025 owing to the rising healthcare expenditure in some of the major countries of Europe such as Germany, UK, Spain, and Russia. Additionally, with the increasing aging population in Europe, chronic diseases have become more prevalent, and is raising the need amongst the individuals to undergo treatment of the disease, which in turn is anticipated to drive the market growth in the region. According to the European Union, every 9 out of 10 people die of chronic disease in Europe. CLICK TO DOWNLOAD SAMPLE REPORT
The global surgical blades & scalpels market is segmented by material into stainless steel, high grade carbon steel and others. Out of these, the stainless steel segment is expected to hold the largest market share and further gain the largest revenue of USD 288.8 Million by the end of 2025. The segment is also expected to grow with the highest CAGR of 9.63% during the forecast period. Stainless steel blades are usually rust resistant and are also cost-effective in nature. Surgeons have reported that stainless steel blades provide the most durability and precision. As a result, stainless steel blades are highly preferred by surgeons in the healthcare industry. The market is further segmented by end user into hospitals, clinics, and others, out of which, the hospital segment is expected to grow with the highest CAGR of 9.67% during the forecast period. The segment is also expected to hold the largest market share and further attain a revenue of USD 417.2 Million by the end of 2025. Based on product type, the market is segmented into disposable, and re-usable, out of which, the disposable segment is projected to grow with the highest CAGR of 9.65% during the forecast period.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global surgical blades & scalpels media market that are included in our report are FEATHER Safety Razor Co., Ltd., KAI Group, Aspen Surgical, B. Braun Melsungen AG, Shanghai Fosun Pharmaceutical (Group) Co., Ltd., Hu-Friedy Mfg. Co., LLC, SteriLance Medical (Suzhou) Inc., Merit Medical Systems, Inc., Shanghai Medical Corporation, Swann-Morton Limited and others.
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FREQUENTLY ASKED QUESTIONS
The growing preferences for surgeries, rise in number of chronic diseases and increasing healthcare expenditure are the major factors responsible for the growth of the market.
The market is anticipated to attain a CAGR of 9.31% over the forecast period i.e., 2020-2025.
Risks regarding the use of surgical blades is one of the major factors estimated to act as a barrier to the market growth.
The market in North America is estimated to create notable growth opportunities over the forecast period.
The major players in the market are FEATHER Safety Razor Co., Ltd., KAI Group, Aspen Surgical, B. Braun Melsungen AG, Shanghai Fosun Pharmaceutical (Group) Co., Ltd., Hu-Friedy Mfg. Co., LLC, SteriLance Medical (Suzhou) Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by material, product type, end user, and by region.
The hospital segment is anticipated to hold largest market size in value and is estimated to display significant growth opportunities.
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