Surgical Drapes Market: Current Analysis and Forecast (2021-2027)
Global Surgical Drapes Market is anticipated to grow with an elevated CAGR of around 4% over the forecast period (2021-2027). Surgical drapes are used to provide a physical barrier that protects the surgical field from any source of contamination. The key purpose of draping the surgical patient is to isolate the surgical site from the other areas of the patient's body and nonsterile areas.
The growing adoption of surgical drapes can be attributed to the rise in the number of surgical procedures due to sport injuries, accidents, heart surgeries owing to a high prevalence of cardiovascular diseases and other chronic illnesses where the surgery is being suggested. For instance, according to the OECD stats, in the United Kingdom, the total number of surgical procedures performed was 4,82,938 during 2017 and it was increased to 5,40,947 in 2019. Additionally, the growing demand for surgical drapes is also because of the rising awareness regarding the protection of patients & other healthcare workers and the increasing prevalence of surgical site infections. In France, the total incidence rate of surgical site infection (SSI) was 20% of total operations, according to the surveillance report of the European Centre for Disease Prevention and Control.
Furthermore, the surgical drapes market is anticipated to grow on account of the growing technological advancement in the healthcare sector, increase in healthcare expenditure, and rapidly growing medical tourism industry across the globe. For instance, according to the Medical Tourism Association, nearly 14 million people around the globe travel to different countries in search of medical care per year. It is an activity worth between 50 and 70 thousand million dollars. Owing to these facts and growing compliance towards an international standard for surgical procedures the surgical drapes market is also expected to grow during the forecast period.
3M, Cardinal Health, Molnlycke Health Care AB, Medica Europe BV, Paul Hartmann AG, Steris plc, Medline Industries, Inc., OneMed, Halyard Health, Thermo Fisher Scientific, are some of the prominent players operating in the surgical drapes market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with surgical drapes.
Insights Presented in the Report
“Amongst Type, Reusable segment holds the major share”
Based on type, the surgical drapes market is divided into reusable and disposable. The reusable segment accounted for a significant market share in 2020 and it is estimated that it will exhibit considerable growth during the forecast period as they are made up of robust and high-performance materials. Also, these drapes are considered better than the disposable drapes in terms of resource efficiency as they use almost 62% less water and 38% less energy. on the other hand, the high chances of contracting infections due to the reuse of surgical drape is hampering the growth of this segment. This has created an opportunity for disposable surgical drapes which is anticipated to expand at the fastest growth rate in the upcoming years.
“Amongst Risk Type, Moderate (AAMI Level 3) segment holds the major share”
Based on risk type, the surgical drapes 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 occupied the major share of the surgical drapes market in 2020 and it is expected to grow with substantial CAGR in the upcoming years. The growth of this segment is attributed to the use of these drapes in a wide range of surgical procedures. Also, the growing need to protect patients and surgical staff from any type of liquid, cost-effectiveness, and safety assurance of these drapes are some other factors driving the growth of this segment. However, in 2020, high (AAMI Level 4) risk surgical drapes held a considerable market share.
“Amongst End-Users, Hospitals segment holds the major share”
Based on end-user, the market is fragmented into hospitals, ambulatory surgical centers, and others. In 2020, hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast 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.
“North America represents one of the largest markets of surgical drapes market”
For a better understanding of the market dynamics of the surgical drapes market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the surgical drapes market industry and generated revenue of USD XX Million in 2020 owing to strong healthcare infrastructure and growing adoption of surgical drapes in the region.
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