Medical and surgical knives have a large number of applications in medical procedures. Although many new technologies have been developed, knives used for surgeries have not experienced a major change. At the same time changes in the surgical instruments over the past 10 years or so have led to the development of new techniques for surgery. The surgical instrumentation market was valued at about $3.78 billion in 2002. The number of surgeries performed also affects the market for medical and surgical knives. For example, In 2005 about $1.1 billion was spent on neurosurgical surgical products in the United States alone. The market for surgical instruments is characterized by technological advances and is quite competitive in addition to being price sensitive.
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