Surgical Drapes Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global surgical drapes market is anticipated to witness an uptick owing to the change in lifestyle and growing prevalence of chronic diseases such as cardiovascular disease coupled with the increase in the number of patients as well as surgical procedures. For instance, as per the OECD stats, the total number of surgical procedures in Canada was 4,11,668 in 2019, up from 3,96,218 in 2017. Owing to this and the growing demand for the protection of patients and healthcare staff is leading to the surge in demand for surgical drapes in hospitals as well as in other surgical centers. Furthermore, technological advancements in the healthcare sector and rising healthcare expenditure in different countries are some of the prominent factors supporting the growth of the market across the globe.

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The recent COVID-19 pandemic has disrupted the healthcare industry with the emergence of SARS-COV-2. As of March 16, 2021, there have been almost 121 million cases of COVID-19 worldwide. The disease has impacted more than 210 countries and territories, with the United States confirming around one-fifth of all global cases. Owing to this huge surge in the covid cases the demand for surgical drapes has been significantly increased. Thereby, boosting the surgical drapes market. 

According to UnivDatos Market Insights (UMI)’ research report “Global Surgical Drapes Analysis, 2020”, the surgical drapes market is projected to grow at a CAGR of around 4% during 2021-27F. The rapidly growing medical tourism industry and growing compliance towards an international standard for surgical procedures are some of the prominent factors contributing to the growth of the market globally.

Based on the risk type, the market is fragmented into minimal (AAMI level 1), low (AAMI level 2), moderate (AAMI level 3), and high (AAMI level 4). The moderate (AAMI level 3) segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period owing to the growing need to protect patients and surgical staff from any type of liquid, cost-effectiveness, and safety assurance of these drapes. However, in 2020, high (AAMI Level 4) risk surgical drapes held a considerable market share.

Hospitals Segment to Witness Robust growth

Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment had the highest revenue and CAGR growth in the analyzed period as hospitals are the largest consumer of surgical drapes. Also, the increasing construction of hospitals and surge in the number of surgeries in the hospital setting is leading to high demand for surgical drapes. However, ambulatory surgical centers are also likely to witness the fastest growth during the forecast period.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global surgical drapes market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and the growing prevalence of surgical site infections in the region.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Surgical Drapes Market include 3M, Cardinal Health, Molnlycke Health Care AB, Medica Europe BV, Paul Hartmann AG, Steris plc, Medline Industries, Inc., OneMed, Halyard Health, Thermo Fisher Scientific, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry. 

“Global Surgical Drapes Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for surgical drapes providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Type (Reusable and Disposable)
2. By Risk Type (Minimal (AAMI level 1), Low (AAMI level 2), Moderate (AAMI level 3), and High (AAMI level 4))
3. By End-Users (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (3M, Cardinal Health, Molnlycke Health Care AB, Medica Europe BV, Paul Hartmann AG, Steris plc, Medline Industries, Inc., OneMed, Halyard Health, Thermo Fisher Scientific, )

Key questions answered in the study:

1. What are the current and future trends of the surgical drapes industry?
2. How the industry has been evolving in terms of type, risk type, and end-users?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the surgical drapes industry?
5. What is the customer orientation, purchase behavior, and expectations from surgical drapes firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL SURGICAL DRAPES MARKET REVENUE

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY RISK TYPE

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 SURGICAL DRAPES MARKET DYNAMICS

12 SURGICAL DRAPES MARKET OPPORTUNITIES

13 SURGICAL DRAPES MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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