Surgical Drapes Market is Projected to Surpass USD 2.1 Billion by 2032 | Big Corps Trends and Strategy Analysis
Allied Market Research published a report, titled, “Surgical Drapes Market by Type (Reusable, Disposable), by Risk Type (Moderate (AAMI Level 3), High (AAMI Level 4), Others), by End User (Hospitals, Ambulatory Surgical Centers, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″.
According to the report, the global surgical drapes market valued for $1.5 billion in 2022 and is estimated to reach $2.1 billion by 2032, exhibiting a CAGR of 3.6% from 2023 to 2032.
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Report coverage & details:
Report Coverage |
Details |
Forecast Period |
2023–2032 |
Base Year |
2022 |
Market Size in 2022 |
$1.5 billion |
Market Size in 2032 |
$2.1 billion |
CAGR |
3.6 % |
No. of Pages in Report |
236 |
Segments covered |
Type, risk type, end user, and region |
Drivers |
Surge in number of surgeries. Technological advancements in manufacturing surgical drapes. Growth in government initiatives for infection prevention & control |
Opportunities |
Growth opportunities in emerging markets |
Restraints |
Competition among the key players Product recalls |
Economic Downturn Analysis: Impact of Recession in 2023 on the Surgical Drapes Market
- Recession can have significant impact on the healthcare industry, including surgical drapes.
- As medical supplies companies face financial constraints there can be disrupted supply chains, impacting the production of essential raw materials used in surgical drapes. However, surge in prevalence of chronic diseases and the growing need for surgical interventions for treatment is expected to drive the growth of the market.
Regional Analysis
In 2022, North America dominated the global surgical drapes market, holding the largest revenue share, which accounted for over two-fifths of the total. This was attributed to a robust healthcare infrastructure and substantial healthcare spending in the region. Moreover, the market benefited from stringent regulatory standards and guidelines, particularly those set by agencies like the FDA, underscoring the significance of infection control and safety in medical environments and contributing to market growth.
On the other hand, the Asia-Pacific region is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) of 4.4% throughout the forecast period. This growth is propelled by an increase in surgical procedures, the implementation of infection control measures, a rising incidence of hospital-acquired infections such as surgical site infections, and the availability of a diverse range of surgical drapes. These factors collectively drive the expansion of the market in the Asia-Pacific region during the forecast period.
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Leading Market Players: –
- 3M Company
- Cardinal Health
- Molnlycke Health Care AB
- Paul Hartmann AG
- Narang Medical Limited
- Standard Textile Co., Inc.
- Delta Med SpA
- Medline Industries Inc.
- Medica Europe BV
- Priontex
Key findings of the study
- On the basis of type, disposable segment dominated the market in terms of revenue in 2022 and is expected to grow at the fastest CAGR during the forecast period.
- On the basis of risk type, moderate (AAMI Level 3) segment dominated the market in terms of revenue in 2022. However, the high (AAMI Level 4) segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of end user, the hospital segment dominated the market in terms of revenue in 2022. However, the others segment is anticipated to grow at the fastest CAGR during the forecast period.
- Region wise, North America generated the largest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical drapes market analysis from 2022 to 2032 to identify the prevailing surgical drapes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the surgical drapes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global surgical drapes market trends, key players, market segments, application areas, and market growth strategies.
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