Investment Opportunities in Production of Surgical Blade
Manufacturing of Surgical Blade (Scalpel). Business Plan for Startups in Medical Scalpel Blade.
Scalpel blades are usually made of hardened and tempered steel, stainless steel, or high carbon steel; in addition, titanium, ceramic, diamond and even obsidian knives are not uncommon. For example, when performing surgery under MRI guidance, steel blades are unusable (the blades would be drawn to the magnets, or may cause image artifacts)
A Surgical Blade is a small and extremely sharp bladed instrument used for surgery, anatomical dissection, and podiatry. Scalpel blades are usually made of hardened and tempered steel, stainless steel, or high carbon steel.
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Surgical blades, or scalpels, are used for cutting skin and tissue during surgical procedures. There are different types of blades specific to the type of procedure. Surgical blades vary by size and shape. The number of the blade indicates the blade size and shape. Surgical blades are typically made with stainless steel or carbon steel.
Surgical blades come in a variety of forms giving surgeons and medical staff the right blade for the procedure. Surgical blades are typically sold separate from the blade handle. Surgical blades are available in disposable scalpels (sterile and non-sterile). Disposable scalpels are single-use scalpels that commonly use a plastic handle connected to a surgical blade. Safety scalpels are scalpels that have a covering around the blade that covers the blade until it is used. Safety scalpels help prevent accidental contact with the surgical blade.
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Market Outlook
The products used in surgical procedures are considered as low-risk instruments that do not require a stringent regulatory process for manufacturing or use. Furthermore, an increase in the number of chronic diseases has propelled the development of more hospitals, clinics, and ambulatory surgical centers, which, in turn, has created more job opportunities for surgeons. These factors are augmenting the growth of the surgical blade market. The global surgical scalpels market is expected to reach US$ 759.4 MN in 2025 from US$ 554.8 in 2016. The market is estimated to grow with a CAGR of 3.5% from 2016-2025.
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Global Surgical Blades Market: Trends and Opportunities
One of the most lucrative opportunities in mobile marketing could be created with the growing use of stainless steel surgical blades as it features razor-sharp cutting edges and clean incisions for superior cutting along with properly numbered scalpel handles. They are also sterile and have better shelf life. These products used for surgical purposes do not need to undergo stringent regulatory process as they are classified as low-risk devices. These factors are likely to increase new product launches, thus boosting the revenue growth of surgical blades in overall market.
Related Project:- Business Plan of Surgical Blades Production
Increase in the Risk of Injury Due to Scalpels
Surgical blades and scalpels are among the most common and simple surgical devices used for the surgery since ages. If the patient is opting for the surgery, it is necessary to obtain essential knowledge about the procedure and the technician who is going to perform the procedure, since the procedure is complicated in nature and requires utmost care post-surgery.
The incidence rate of scalpel blade injuries, is 662 per 100,000 scalpels removed. Scalpel injuries signify a multi-faceted risk as they cause mechanical injury and expose both the injured worker and the patient to the risk of contracting blood borne infection.
Related Project:- Business Plan of Surgical Blades Production
Advancements in surgeries and novel product launches by manufacturers, which help surgeons perform surgeries efficiently, are also driving the market. According to the National Health Statistics report, on 28.6 million ambulatory visits, approximately 48.3 million surgical and nonsurgical procedures were performed in 2010 in ambulatory surgical centers and hospitals combined. Rising incidence of chronic disorders & acute diseases among the geriatric population and increasing demand for improved surgical care at all ages is further augmenting growth. Furthermore, innovations in marketing strategies of medical devices and growing medical tourism in developing countries are opportunities for manufacturers to expand their customer base in emerging economies.
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Key Players:-
Alcon Laboratories (India) Pvt. Ltd.
Amkay Products Pvt. Ltd.
Axiom Medisurg Ltd.
B Braun Medical (India) Pvt. Ltd.
Biorad Medisys Pvt. Ltd.
Blue Neem Medical Devices Pvt. Ltd.
Boston Scientific India Pvt. Ltd.
Cadence A M S Design India Pvt. Ltd.
Centenial Surgical Suture Ltd.
Johnson & Johnson Pvt. Ltd.
K C K Dental Pvt. Ltd.
Manman Manufacturing Co. Pvt. Ltd.
Mediplus (India) Ltd.
Medtech Devices Ltd.
Primewear Hygine (India) Product Ltd.
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