Global Surgical Apparel Market To Report Impressive Growth, Revenue To Surge To US$2,966.58 million By 2024
With the presence of a large pool of participants, the global surgical apparel market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). 3M, Medline Industries, Kimberly-Clark Health Care, DuPont Medical Fabrics, Surya Textech, Safetec Healthcare and Hygiene, Synergy Health, Priontex, PAUL HARTMANN, Cardinal Health, Inc., Pal Surgical Works, Molnlycke Health Care, Lac-Mac, and Medline are some of the key vendors of surgical apparel across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the global surgical apparel market study.
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Citing an instance, in May 2018, the U.S. FDA exempted surgical apparel from pre-market notification requirements. Earlier in 2015, FDA had strengthened definitional standards for surgical gowns as per the newly prescribed regulations.
As estimated in this report, the global surgical apparel market stood at US$ 2,015.60 million in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this surgical apparel market is expected to reach US$2,966.58 million by the end of the forecast period. The main product types available in this surgical apparel market are gown, scrubs, gloves, caps, shoes, and others. Among them, the demand for gowns is relatively higher and the trend is anticipated to remain so over the next few years, notes the surgical apparel market research report.
Massive Need For Protection Against Clinical Hazards To Steer Market Growth
“Escalating demand for body protection against clinical hazards along with massive product usage for medical purposes is anticipated to drive surgical apparel market trends,” says the author of this study. Apart from this, technological breakthroughs in the field of healthcare sector resulting in the significant increase in the number of surgeries is anticipated to boost the surgical apparel market demand in the years ahead. In addition, rising concern about patient health & protection is projected to impel the surgical apparel market earnings in the years to come.
Strict government regulations on the quality and the price of the products, however, may hinder the global surgical apparel market growth over the forecast period.
Increasing Healthcare Coverage For Surgeries To Support Regional Dominance
Regionally, North America has been leading the worldwide surgical apparel market and is anticipated to continue on the dominant position in the years to come, states the surgical apparel market study. Rising healthcare coverage for surgeries and massive occurrence of diseases is the main factor behind the dominance of the North America surgical apparel market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional market.
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