The basic surgical knife market is expected to witness growth during the forecast period owing to several factors. Minimally invasive surgeries are increasingly becoming popular due to their benefits like faster recovery rate, reduced pain, and lower risk of complications. The demand for basic surgical knives in minimally invasive surgeries has therefore risen. The growing geriatric population, coupled with an increase in the prevalence of chronic diseases may also drive the market. According to WHO, the geriatric population may double during the next few decades. This, along with the prevalence of diseases like cancer, cardiovascular diseases, and diabetes has led to an increase in surgical procedures. As demand for these procedures increases, the demand for affordable and effective surgical knives will also increase. So, the growing incidences of surgical procedures and an aging population are the main drivers for this market.
The basic surgical knife market may face some challenges. Since surgical knives are seen as a commodity, manufacturers are needed to keep their costs low. This has made it difficult for various organizations to invest in R&D, thus limiting innovations. Along with this, there is a lack of infrastructure facilities in various developing countries. Another challenge may be the advancement in alternative surgical tools. The use of laser surgery has become very common in recent years due to its precision and efficiency in lesser time. Basic surgical knives can pose some risks if not used properly. This may cause infections, bleeding, and damage to the surrounding tissues.
Increasing demand for surgical procedures is expected to provide lucrative opportunities for players to increase their market share in the basic surgical knife market. As there is an increase in the geriatric population, along with several chronic diseases associated with age, there is likely to be an increased demand for basic surgical knives all over the global. An increase in the investments in healthcare infrastructure by various government and private healthcare providers may also offer new opportunities to this market. Also, surgical knives are simple medical devices and do not require any strict regulatory duties that are usually applied to medical instruments.
New product launches to flourish in the market.
In March 2022, Hemostatix Medical Technologies was acquired by C2Dx, with the gain of a thermal scalpel system. This scalpel system will become the third product line for this organization. The Hemostatix Thermal Scalpel works by cutting and clotting the blood vessels at the same time. It seals off blood arteries as it cuts them. It minimizes patient blood loss and injury by achieving hemostasis with the highest level of surgical control, precision, and visualization.
By product: The surgical knife market is segmented into stainless blade and high-grade carbon blade. The stainless steel market is expected to grow significantly during the forecast period. Stainless steel blade is made from an alloy of steel and carbon. It is highly resistant to corrosion and rust. High-grade carbon blade are made from a high-quality carbon steel. In comparison, carbon blades are less resistant to corrosion. These blades have better sharpness and more durability.
By type: The surgical knife market is categorized into sterile and non-sterile. Sterile surgical knives are used in surgeries involving risk of infection. These knives are designed for single use only. They are used in various surgeries, biopsies, and other invasive procedures. Non-sterile knives are used in nonsurgical procedures like cutting sutures. They can be reused after proper cleaning and sterilizing.
By end-user: The surgical knife market is divided as hospitals and clinics, ambulatory surgical centers, and others. Hospital are the largest end users of surgical knives. They use these knives for a wide range of procedures, including orthopedic, cardiovascular, and neurosurgery. Ambulatory surgical centers are outpatient surgical facilities that require a variety of surgical knives for surgical procedures.
By region: The surgical knife market is classified as North America, Europe, Asia-Pacific, and LAMEA. The North American segment showed the highest market share in the previous years owing to an increase in the geriatric population and the prevalence of chronic diseases. Along with this, the presence of various key players in this region may fuel market growth. Asia-Pacific region is expected to witness significant growth in this market, due to increasing investment in healthcare infrastructure.
Competitive analysis and profiles of the major players in the surgical knife market like Aspen Surgical, B. Braun SE, Beye LLC, Entrepix Medical, Hill-Rom Holdings, Inc., Hu-Friedy Mfg. Co. LLC, Kai Industries Co. Ltd., PL Medical Co. LLC., Swann-Morton Ltd, and VOGT Medical are provided in this report.
Basic Surgical Knife Market Report Highlights
Key Market Players
Entrepix Medical, VOGT Medical, Hu-Friedy Mfg. Co., LLC, Kai Industries Co., Ltd., aspen surgical, Beye LLC, Swann-Morton Limited, PL Medical Co., LLC., Hill-Rom Holdings, Inc., B. Braun SE