Global Surgical Drapes Market is anticipated to grow at a 4.2% CAGR from 2023 to 2033, driven by the demand for treating chronic diseases | FMI

According to a recently released Future Market Insights study, the global surgical drapes market is expected to generate sales of US$ 1.4 billion in 2023 and expand at a CAGR of 4.2% from 2023 to 2033. The market is anticipated to reach US$ 2.1 billion by the end of 2033. From 2023 to 2033, the market revenue from disposable surgical drapes is anticipated to increase at a CAGR of 4.8%.

One of the main factors advancing the market is the rise in chronic diseases on a global scale. The American Heart Association estimates that by 2035, more than 130 million Americans, or 45.1% of the adult population, could have a CVD of some kind. About 655,000 Americans per year pass away from heart disease, which accounts for one out of every four fatalities, according to the Centres for Disease Control and Prevention.

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The CDC estimates that 4 out of 10 Americans have two or more chronic diseases, and that 6 out of 10 Americans have one or more chronic illnesses. The number of surgeries and hospital stays increase as a result of the growing patient population, which raises the demand for surgical drapes.

The market in North America is anticipated to grow significantly over the anticipated period. The market is growing as a result of the well-developed infrastructure, an increase in surgical operations, and an increase in surgical site infections. Around 27 million surgical procedures are performed annually in the U.S., with surgical site infections developing in up to 5% of these operations, according to the Journal of Infectious Disease Advisor. The rise of the market is also fueled by rising healthcare prices.

Competitive Landscape:

The key players in the global Surgical Drapes market are 3M, Steris, Cardinal Health, Paul Hartmann AG, and Mölnlycke Health Care.

• In July 2021, Thermo Fisher Scientific, a global leader in science services, entered into an alliance with Ortho Clinical Diagnostics to develop and distribute LabLink xL Quality Control Software and Thermo Scientific MAS Quality Standards which can be used with VITROS analyzers.
• In July 2020, EDM Medical Solutions introduced CT scanner drapes, with the goal of decreasing infection spread in the medical setting.
• In April 2020, Medline Europe issued its COVID-19 inventory update, stating that they are committed to maintaining the supply of PPE and other important medical apparel and supplies for its clients as much as possible, as well as ensuring that they are distributed fairly.

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Market Segments Covered in Surgical Drapes Market Analysis:

By Type:

• Reusable
• Disposable

By Risk Type:

• Minimal (AAMI Level 1)
• Low (AAMI Level 2)
• Moderate (AAMI Level 3)
• High (AAMI Level 4)

By End-Use:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Other End-uses

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