Eduardo suffered a double compund fracture of his left leg and will miss the rest of the season as well as Croatia's Euro 2008 campaign.
The Arsenal striker has accepted it was an accident after meeting Taylor in the Birmingham hospital where he underwent surgery, but Blatter clearly has other views.
Speaking at a meeting of the International FA board in Gleneagles, he added: "I told the International Board that a player who is deliberately attacking another player and tries to demolish a player should be banned.
"And not only for three matches but temporarily banned or a life ban depending on the severity of the attack.
"Why the hell should footballers demolish each other?"
Blatter's comments follow those of Cristiano Ronaldo, who complained at his lack of protection during Manchester United's surprise FA Cup defeat by Portsmouth on Saturday.
The Portuguese winger said he was "scared" to play his natural game due to some of the tackles he has to contend with in games.
"Sometimes I say that this is the best league in the world, but sometimes they don't protect the skilful players," he said.
"After what happened to the Arsenal player Eduardo da Silva, I am scared to do my skills.
"Sometimes they just protect the defenders and I am thinking about having to change my game because it is difficult to play like that."