Surgical Drapes Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (Reusable, Disposable); Risk Type (Minimal (AAMI level 1), Low (AAMI level 2), Moderate (AAMI level 3), and High (AAMI level 4)); End-Users (Hospitals, Ambulatory Surgical Centers, and Others); Region/Country
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.
Healthcare-Associated Infections: The Unknown Killer
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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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.2||Objective of the Study|
|1.5||Currency Used in Report|
|1.6||Scope of the Global Surgical Drapes Study|
|2.1||Research Methodology for the Global Surgical Drapes Market|
|2.1.1||Main Objective of the Global Surgical Drapes Market|
|6||GLOBAL SURGICAL DRAPES MARKET REVENUE|
|8.1||Minimal (AAMI Level 1)|
|8.2||Low (AAMI Level 2)|
|8.3||Moderate (AAMI Level 3)|
|8.4||High (AAMI Level 4)|
|9.2||Ambulatory Surgical Centers|
|10.1||NORTH AMERICA SURGICAL DRAPES MARKET|
|10.1.3||Rest of North America|
|10.2||EUROPE SURGICAL DRAPES MARKET|
|10.2.6||Rest of Europe|
|10.3||ASIA PACIFIC SURGICAL DRAPES MARKET|
|10.3.5||Rest of Asia Pacific|
|10.4||REST OF THE WORLD SURGICAL DRAPES MARKET|
|12||SURGICAL DRAPES MARKET OPPORTUNITIES|
|13||SURGICAL DRAPES MARKET TRENDS & INSIGHTS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1||Demand Side Analysis|
|15.2||Supply Side Analysis|
|15.2.1||Top Product Launches|
|15.2.2||Top Business Partnerships|
|15.2.3||Top Merger & Acquisitions|
|15.2.4||Top Business Expansions, Investments and Divestitures|
|16||VALUE CHAIN ANALYSIS|
|17.1||Porter’s Five forces analysis|
|17.1.1||Bargaining power of Supplier|
|17.1.2||Bargaining power of Buyer|
|17.1.4||Availability of Substitute|
|17.1.5||Threat of new Entrants|
18.1.1 Key Facts
18.1.2 Business Description
18.1.3 Key Product/Services Offerings
18.1.4 Growth Strategy
18.1.5 SWOT Analysis
18.1.6 Key Financials
18.1.7 Recent Developments
18.2 Cardinal Health
18.3 Molnlycke Health Care AB
18.4 Medica Europe BV
18.5 Paul Hartmann AG
18.6 Steris plc
18.7 Medline Industries, Inc.
18.9 Halyard Health
18.10 Thermo Fisher Scientific
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global surgical drapes market were the three major steps undertaken to create and analyze the adoption of surgical drapes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global surgical drapes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the surgical drapes through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the surgical drapes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, risk type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of surgical drapes across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the surgical drapes. Further, we conducted factor analysis using dependent and independent variables such as growing advancement in technology and increasing prevalence of surgical site infections. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the surgical drapes sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the surgical drapes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of surgical drapes across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the surgical drapes market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the surgical drapes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, risk type, and end-users of the surgical drapes market.
The main objective of the Surgical Drapes Market Study
The current & future market trends of surgical drapes were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of surgical drapes in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, risk type, and end-users
- Define and analysis of the regulatory framework for the surgical drapes industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the surgical drapes market for the major region
- Major regions studied in the report include North America, Europe, Asia-Pacific, and Rest of the world
- Company profiles of the surgical drapes market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry