Surgical Drapes Market Size to Grow by $ 475.15 mn through 2021-2025

The surgical drapes market is expected to grow by $ 475.15 mn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Surgical Drapes Market: Segmentation by Type

This report provides a detailed analysis of the market by Type (Disposable surgical drapes and Reusable surgical drapes) and Geography (North America, Europe, Asia, and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Surgical Drapes Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Cardinal Health Inc., Guardian, Medica Europe BV, Molnlycke Health Care AB, Owens & Minor Inc., Paul Hartmann AG, Priontex, STERIS Plc, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the global surgical drapes market and it is expected to grow by $ 475.15 million, accelerating at a CAGR of about 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Market Driver:  Growing prevalence of hospital-acquired infection (HAI) to drive growth

The growing prevalence of hospital-acquired infection (HAI) will be one of the major factors driving surgical drapes market growth. The probability of HAIs and surgical site infection (SSIs) increases due to the application of unsterilized equipment during surgeries. The adoption of various preventive measures such as surgical drapes by healthcare facilities and healthcare providers is expected to reduce the prevalence of HAI by more than 70%. This will thus boost the demand for surgical drapes, which are extensively being used during surgeries to prevent HAIs in the ICUs.

Leading Product Segment: Disposable surgical drapes and Reusable surgical drapes

Better resistance toward infection-causing pathogens, lower risk of contamination, and better sterilization are factors that are driving  the demand for disposable surgical drapes. The adoption of disposable surgical drapes is expected to grow in the US and Canada due to hospitals preferring single-use drapes to prevent or minimize infections. The surgical drapes market share growth by the disposable surgical drapes segment will be faster than the reusable surgical drapes segment.   This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical drapes market size.

Key Emerging Trend: Preference for incise surgical drapes

The adoption of surgical drapes is increasing in developed countries due to the rising number of surgeries in the region. Incise surgical drapes are preferred during complex surgeries such as trauma, limb amputation, maxillofacial surgeries, and cardiac surgeries. The market will continue to grow in developed countries during the estimated period due to the growing awareness about HAIs and government initiatives to adopt disposable surgical sterile drapes.

Surgical Drapes Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Cardinal Health Inc., Guardian, Medica Europe BV, Molnlycke Health Care AB, Owens & Minor Inc., Paul Hartmann AG, Priontex, STERIS Plc, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio also provides three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download Free Sample Report