“Surgical Apparel Market to Reach Valuation of USD 4.91 Billion by 2028 - Rising Number of Surgeries & Stringent Regulations on Healthcare Sector is Likely to Boost the Generate Revenue for Surgical Apparel Market

Vantage Market Research

Jul 04, 2022

In terms of revenue, the Global Surgical Apparel Market is expected to reach USD 4.91 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2022 to 2028.

The rise in the number of surgical operations on account of growing chronic diseases, accidents, and critical operations is positively influencing the demand for Surgical Apparels. Research shows that key payers and healthcare organizations are expected to spend more than USD 150 billion on Surgical Apparels in the coming years.

Key Findings:

  • The gowns sub-segment is anticipated to dominate the segment for Surgical Apparel Market and growing at a substantial Compound Annual Growth Rate (CAGR). The rise in adoption is due to its increasing number of surgeries and stringent regulations of hospitals for using it for safety.
  • The hospitals sub-segment held a market significant share in 2021. This is due to the growing use of Surgical Apparels in healthcare facilities.
  • North America is the largest regional segment. This surge is attributed to the rising demand of Surgical Apparels in the healthcare sector of developing economies like China and India.

Some of key players in Surgical Apparel Market include - Johnson & Johnson (US), Baxter International Inc. (US), Medtronic plc (US), Boston Scientific Corporation (US), GE Healthcare (US), Smith & Nephew plc (UK), Stryker Corporation (US), B Braun (US), Thermo Fisher Scientific (US), Covidien (Ireland), The 3M Company (US)..

In recent years, major companies are investing huge funds in the manufacturing of Surgical Apparels in healthcare organizations. Due to the COVID-19 pandemic, the demand for Surgical Apparels has increased. Government organizations have passed stringent regulations for the use of Surgical Apparels which is another factor driving the market growth. The competitive nature of key manufacturing players among vendors is also playing a key role in ensuring an improved outcome to drive the market demand. The rise in the number of surgeries in major cities is another reason for the growth of the market in the coming years. For instance, the American Academy of Orthopedic Surgeons (AAOS) has projected that 3 million total knee arthroplasty procedures would be performed by 2030 in the U.S. alone.

Additionally, spinal surgeries are becoming increasingly popular, and approximately 432,000 spinal fusions are performed each year in the U.S. In addition, numerous accidents and infectious diseases are fuelling the growth of the Global Surgical Apparel Market. However, unstable raw material costs and environmental sustainability on disposal Surgical Apparels are some of the major factors restraining the growth of the global Surgical Apparel market.

North America is expected to dominate the Global Surgical Apparel Market in 2021 and is likely to continue the same trend during the forecast period. The growing need for Surgical Apparels in this region is due to increasing number of patients and easing population. Countries such as India and China have high percentage of patients who require surgeries. The demand for Surgical Apparels has increased considerably in recent years.

COVID-19 Impact Analysis

COVID-19 has demonstrated the capability to spread rapidly, leading to significant impacts on healthcare systems and causing societal disruption. The outbreak of virus continues to expand globally and the supply chain for Surgical Apparel is expected to surpass the demand. The coronavirus pandemic has thrown a spotlight on Surgical Apparel Market. Lots of healthcare organisations across the globe have benefited by Surgical Apparels due to COVID-19 pandemic. This product has shown stunning results by protecting against this deadly virus during the pandemic period.

The Surgical Apparel Market is segmented as follows: