The global Surgical Blades Market is expected to grow at a stupendous rate In Upcoming Years. Today calls for prediction tools that are powered by AI to optimize the usage of the resources available. This could also help in crisis management. As such, key market participants are likely to invest in predictive analytics for condoning unforeseen circumstances. These would be preventive steps taken by the enterprises on the whole.
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Due to the increasing number of surgeries being conducted throughout the world owing to a rising burden of diseases, increase in the number of trauma cases and an increasing geriatric population, the market for surgical blades is receiving a major boost. Also, with the improved access to healthcare throughout the world, the number of surgeries being performed is also rising, leading to the growth in the market for surgical blades. Also, there are no stringent regulatory conditions imposed on the production and introduction of surgical blades in the market, and this factor is also responsible for the growth in the market for surgical blades.
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Global Surgical Blades Market: Forecast Analysis
Persistence Market Research presents a new research report on the global surgical blades market and this report studies all the major segments of the global surgical blades market in detail. In addition, this report covers all the major regional markets spread across different regions of the world and brings forth a detailed study that covers all the facets of the global surgical blades market. As per the assessment of Persistence Market Research, the global surgical blades market is anticipated to exhibit a sluggish CAGR during the period of assessment and is poised to reach a valuation of nearly US$ 180 Mn by the end of the assessment period in the year 2026. The global surgical blades market has been segmented on the basis of product type, end user, material type and region.
Global Surgical Blades Market: Forecast by Product Type
By product type, the global market has been segmented into sterile and non-sterile surgical blades. The sterile sub-segment is the largest product type in terms of value, and was estimated to be valued at US$ 96 Mn in 2017. This segment is anticipated to exhibit a CAGR of 3.4% during the period of assessment.
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Global Surgical Blades Market: Forecast by End User
The different end users in the global surgical blades market include hospitals, clinics, ambulatory surgical centers, nursing centers, and reference laboratories. Hospitals are currently the largest end users of surgical blades and this segment is estimated to be valued at nearly US$ 74 Mn at the end of the assessment period in the year 2026, with a growth rate of 2.6% during 2017 – 2026.
Global Surgical Blades Market: Forecast by Material Type
The two main material types used to manufacture surgical blades are stainless steel and high grade carbon steel. The stainless steel sub-segment is the largest in terms of value, with an estimated market valuation of nearly US$ 73 Mn by 2026 end, displaying a CAGR of 3.2% during the period of assessment.
Global Surgical Blades Market: Regional Forecast
The global surgical blades market has been studied across North America, Latin America, Europe, Japan, APEJ, and MEA. APEJ is currently the biggest market for surgical blades with a valuation of US$ 36 Mn in 2017. The APEJ surgical blades market is expected to register a growth rate of 4.2% during the period of assessment.
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