Market Overview:
The global surgical cutting tool market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for minimally invasive surgeries and rising number of surgical procedures across the globe. In addition, technological advancements in surgical cutting tools are also contributing to the growth of this market. Based on type, cobalt carbide is expected to hold a dominant position in the global surgical cutting tool market during the forecast period from 2018 to 2030. This can be attributed to its superior properties such as hardness, wear resistance and toughness as compared with other types of carbides such as niobium carbide and titanium carbide. Niobium Carbide is projectedto be one ofthe fastest-growing segments in this market due its excellent wear resistance property when compared with other types of carbides available in the market.
Product Definition:
A surgical cutting tool is a medical device used to cut and remove tissue during surgery. They are typically made of metal and come in a variety of shapes and sizes. Surgical cutting tools are important because they allow surgeons to safely and effectively remove tumors, damaged tissue, or other problematic areas from the body.
Cobalt Carbide:
Cobalt (Co) is a chemical element that occurs in nature as the mineral bauxite. Cobalt metal has high corrosion resistance and is found in several minerals, including baddeleyite and colemanite. The primary source of cobalt is the ore body called kenyanites, which are ores of iron-cobalt silicate minerals.
Niobium Carbide:
Niobium carbide is a chemical compound of niobium and carbon. It has high thermal stability, which makes it useful in manufacturing cutting tools for surgical procedures. Niobium carbide possesses properties such as high hardness, temperature tolerance, wear resistance along with low coke production and consumption during the tooling process making it suitable to be used as a cutting tool in endodontic surgeries.
Application Insights:
The others segment held the largest share of the global surgical cutting tool market in 2017. This segment includes ceramic blades, diamond blades and glass blades. Ceramic blades are gaining popularity due to their ability to cut through tough tissue with minimal trauma while reducing blood loss and infection rates. The use of surgical steel plates for complex operations is also increasing due to their high strength-to-weight ratio, which makes them ideal for heavy duty surgeries such as heart valve replacement or spinal fusion surgery.
Tungsten steel plate is one of the most commonly used types in various applications including orthopedic procedures and neurosurgeries owing to its properties such as biocompatibility & low allergic reaction along with high mechanical strength & hardness making it an ideal material for implants surgeries.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by companies and rising adoption of technologically advanced products for surgical procedures. In addition, high prevalence of orthopedic, cardiovascular and neurological disorders in this region is anticipated to fuel demand for minimally invasive surgeries, thereby driving product demand over the forecast period.
Asia Pacific is expected to witness lucrative growth over the coming years owing to factors such as improving healthcare infrastructure & availability of skilled professionals along with growing medical tourism industry in emerging countries such as India & China & Japan are anticipated boost regional growth during 2018-2030 periods respectively.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical cutting tool market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the growth of the surgical cutting tool market.
- Technological advancements: The surgical cutting tool market is witnessing technological advancements with companies introducing new products with enhanced features such as precision, accuracy, and safety. This is helping to drive the growth of the market.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is leading to an increase in age-related diseases such as cancer, which requires surgery for treatment. This is driving the growth of the surgical cutting tool market as these tools are used during surgery procedures for removing tumors or other diseased tissues from patients’ bodies..
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Cutting Tool Market Research Report
By Type
Cobalt Carbide, Niobium Carbide, Titanium Carbide
By Application
Tungsten Steel Plate, Cutting Tools, Others
By Companies
Kennametal, Baosteel, Sumitomo, FUJI Heavy Industries, MTS, Heheng Metallurgy Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Cutting Tool Market Report Segments:
The global Surgical Cutting Tool market is segmented on the basis of:
Types
Cobalt Carbide, Niobium Carbide, Titanium Carbide
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tungsten Steel Plate, Cutting Tools, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kennametal
- Baosteel
- Sumitomo
- FUJI Heavy Industries
- MTS
- Heheng Metallurgy Machinery
Highlights of The Surgical Cutting Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt Carbide
- Niobium Carbide
- Titanium Carbide
- By Application:
- Tungsten Steel Plate
- Cutting Tools
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical Cutting Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A surgical cutting tool is a device used in surgery to make precise cuts.
Some of the major companies in the surgical cutting tool market are Kennametal, Baosteel, Sumitomo, FUJI Heavy Industries, MTS, Heheng Metallurgy Machinery.
The surgical cutting tool market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surgical Cutting Tool Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surgical Cutting Tool Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Cutting Tool Market - Supply Chain
4.5. Global Surgical Cutting Tool Market Forecast
4.5.1. Surgical Cutting Tool Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Cutting Tool Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Cutting Tool Market Absolute $ Opportunity
5. Global Surgical Cutting Tool Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surgical Cutting Tool Market Size and Volume Forecast by Type
5.3.1. Cobalt Carbide
5.3.2. Niobium Carbide
5.3.3. Titanium Carbide
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Cutting Tool Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surgical Cutting Tool Market Size and Volume Forecast by Application
6.3.1. Tungsten Steel Plate
6.3.2. Cutting Tools
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Cutting Tool Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surgical Cutting Tool Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surgical Cutting Tool Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surgical Cutting Tool Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surgical Cutting Tool Demand Share Forecast, 2019-2026
9. North America Surgical Cutting Tool Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surgical Cutting Tool Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surgical Cutting Tool Market Size and Volume Forecast by Application
9.4.1. Tungsten Steel Plate
9.4.2. Cutting Tools
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Cutting Tool Market Size and Volume Forecast by Type
9.7.1. Cobalt Carbide
9.7.2. Niobium Carbide
9.7.3. Titanium Carbide
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surgical Cutting Tool Demand Share Forecast, 2019-2026
10. Latin America Surgical Cutting Tool Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surgical Cutting Tool Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surgical Cutting Tool Market Size and Volume Forecast by Application
10.4.1. Tungsten Steel Plate
10.4.2. Cutting Tools
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Cutting Tool Market Size and Volume Forecast by Type
10.7.1. Cobalt Carbide
10.7.2. Niobium Carbide
10.7.3. Titanium Carbide
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surgical Cutting Tool Demand Share Forecast, 2019-2026
11. Europe Surgical Cutting Tool Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surgical Cutting Tool Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surgical Cutting Tool Market Size and Volume Forecast by Application
11.4.1. Tungsten Steel Plate
11.4.2. Cutting Tools
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Cutting Tool Market Size and Volume Forecast by Type
11.7.1. Cobalt Carbide
11.7.2. Niobium Carbide
11.7.3. Titanium Carbide
11.8. Basis Point Share (BPS) Analysis by Type
119. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surgical Cutting Tool Demand Share, 2019-2026
12. Asia Pacific Surgical Cutting Tool Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surgical Cutting Tool Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surgical Cutting Tool Market Size and Volume Forecast by Application
12.4.1. Tungsten Steel Plate
12.4.2. Cutting Tools
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Cutting Tool Market Size and Volume Forecast by Type
12.7.1. Cobalt Carbide
12.7.2. Niobium Carbide
12.7.3. Titanium Carbide
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surgical Cutting Tool Demand Share, 2019-2026
13. Middle East & Africa Surgical Cutting Tool Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surgical Cutting Tool Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surgical Cutting Tool Market Size and Volume Forecast by Application
13.4.1. Tungsten Steel Plate
13.4.2. Cutting Tools
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Cutting Tool Market Size and Volume Forecast by Type
13.7.1. Cobalt Carbide
13.7.2. Niobium Carbide
13.7.3. Titanium Carbide
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surgical Cutting Tool Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Cutting Tool Market: Market Share Analysis
14.2. Surgical Cutting Tool Distributors and Customers
14.3. Surgical Cutting Tool Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kennametal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baosteel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sumitomo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FUJI Heavy Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MTS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Heheng Metallurgy Machinery
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
