Asia Pacific Blade Removers Market is expected to reach US$ 30,093.90 thousand by 2028


PRESS RELEASE BY The Insight Partners 10 Mar 2022

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The single use blade removers segment by product type is estimated to lead the market growth during the forecast period.

According to The Insight Partners market research study of “Asia Pacific Blade Removers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type, End User and Country.” The Asia Pacific blade remover market is expected to reach US$ 30,093.90 thousand by 2028 from US$ 22,260.00 thousand in 2021; it is estimated to grow at a CAGR of 4.4% from 2021-2028. The report highlights trends prevailing in the Asia Pacific blade remover market and the factors driving market along with those that act as hindrances.

Surgeons and medical professionals rely on the consistent quality, precision, and performance of surgical blades. Its functionality helps the nurse attach and remove the blade safely and efficiently, while the decontamination department welcomes easy disassembly for cleaning. The Occupational Safety and Health Administration (OSHA) supports and promotes existing sharps' safe usage and disposal protocols in various user environments. The rapid development of the healthcare industry and technological advancements in this field will likely increase the market growth during the forecast period. The increasing number of players entering the global market and the rising focus on new product development are expected to drive the market over the next few years. The surge in the usage of surgical scalpels due to the rising incidences of neurological and cardiovascular diseases is also expected to boost the market’s growth. Furthermore, the technological developments and the augmenting demand for minimally invasive procedures are anticipated as potential growth opportunities for the market players. The growing need for surgical instruments due to the rising number of surgical procedures is expected to boost the Asia Pacific blade removers market in the coming years. Moreover, the increasing awareness in the healthcare sector regarding the safety of healthcare workers (HCWs) is also expected to boost the market’s growth.

The supply chain disturbances and tremendous demand for efficient treatments of COVID-19 patients have put the healthcare research industry in a critical position in Asia Pacific. Prohibitive measures have been taken to control the spread of COVID-19 infection.

The COVID-19 outbreak has severely affected the medical tourism industry in Asia Pacific. Moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure, restrictions imposed by hospitals to the suppliers, and decreasing demand for cardiovascular surgical instruments. Restrictive measures have been taken in South Korea, Malaysia, Singapore, the Philippines, and India to prevent the transmission of SARS-CoV-2. These restrictive measures negatively impacted the supply chain and the availability of medical devices in these countries. It has also affected disposable incomes and resulted in unemployment. Furthermore, business strategies, such as acquisitions, mergers, and partnerships, are adversely affected by the imposition of complete lockdown. However, increasing vaccination drives across the region and availability of government reimbursement policies for various diseases is expected to normalize the situation in Asia Pacific; this will gradually increase the demand for blade remover.

The Asia Pacific blade removers market, by product type, is bifurcated into single use blade removers and multiple use blade removers. Based on end-user, the Asia Pacific blade removers market is segmented into hospitals, ambulatory surgical centers, and others. Geographically, the Asia Pacific blade removers market is sub-segmented into China, Japan, India, South Korea, Australia and RoAPAC.

Swann Morton Limited, Sklar Surgical Instruments, Mortech Manufacturing, Hu-Friedy Mfg. Co., LLC. (Cantel Medical Corporation), Ribbel International Limited DeRoyal Industries, Inc. and Fine Science Tools, Inc.are among the leading companies operating in the Asia Pacific blade removers market.

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