According to TMR, the global surgical drapes market is likely to remain steady during 2017 and 2025, exhibiting a CAGR of 3.3% during the time-frame. At this pace, the market is expected to value US$3.8 bn by the end of 2025. Among end users, the market is expected to witness significantly high demand from the hospital segment. Besides this, the market is forecast to be led by North America among its key regional segments.
The global surgical drapes market exhibit the presence of several tier 1, tier 2, and tier 3 companies. This is indicative of a highly competitive vendor landscape. According to a new study by Transparency Market Research (TMR), some of the prominent companies operating in the global surgical drapes market have resorted to strategies such as product differentiation, aggressive pricing, and product upgrades to buoy competitive strength. Besides these, several companies are forging distribution partnerships aimed at reached wider audiences, thereby expanding their regional and global footprint.
Over the years, the adoption of surgical drapes has increased in the Americas. The region witnesses a significantly high number of surgeries conducted in a given year as a result of the rising incidence of chronic ailments and other factors. Incise surgical drapes are mostly used during complex surgeries such as limb amputation due to diabetes, trauma, cardiac surgeries, or maxillofacial surgeries. Against this backdrop, experts have identified the market’s potential to keep exhibiting positive trajectory through the course of the forecast period. “To the market’s advantage, government initiatives aimed at spreading awareness regarding HAI’s will lead to the increased adoption of disposable surgical sterile drapes,” said a lead TMR analyst. Given the scenario, the global surgical drapes market is expected to remain steady through the course of the forecast period.
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