Disposable Surgical Sheet Market is Estimated To Witness High Growth Owing To Increased Adoption Of Single-Use Products

Pharmaceuticals
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The Disposable Surgical Sheet Market is estimated to be valued at US$ 2.28 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Disposable surgical sheets are intended for one-time use during surgical procedures and include products like drapes, towels, gowns and other textile fabrics used in operating rooms. These sheets help create a sterile field during surgery and prevent infections and contamination. Their single-use nature eliminates risks of cross-contamination between patients.

Market key trends:

The Global Disposable Surgical Sheet Market Size is expected to witness high growth due to increased adoption of single-use products over reusable ones in hospitals and clinics. Single-use sheets reduce costs associated with cleaning, sterilization and maintenance of reusable linen. They also help improve sterility levels and eliminate risks of cross-infection. With heightening awareness about hospital-acquired infections (HAIs) and rising concerns over hygiene and sterility standards in healthcare settings, the demand for disposable surgical sheets is growing globally. Growing volume of surgeries along with stringent regulations surrounding product sterilization are also fueling the demand for disposable sheet products.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as high upfront investments in production, marketing and establishing distribution channels act as entry barriers for new players.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are several established players in the market providing similar products at competitive prices. However, need for sterilized, disposable surgical sheets gives some advantage to buyers.

Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of raw materials from many suppliers globally.

Threat of new substitutes: The threat of new substitutes is low as there are limited substitutes available for the functions provided by disposable surgical sheets.

Competitive rivalry: High due to presence of numerous established brands.

SWOT Analysis

Strength: Disposable surgical sheets offer advantages of sterility, convenience and cost-effectiveness over reusable fabrics. These sheets find wide usage in hospitals and healthcare facilities.

Weakness: Fluctuations in raw material prices can impact disposable surgical sheet manufacturers. Growing environmental concerns related to disposal of such sheets.

Opportunity: Rising geriatric population and number of surgeries performed globally is driving the demand. Growth opportunities exist in developing markets of Asia Pacific and Middle East & Africa.

Threats: Strict regulations pertaining to usage of plastic-based materials. Increased preference for eco-friendly, biodegradable alternatives.

Key Takeaways

The global disposable surgical sheet market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing number of surgeries performed worldwide. North America dominated the market in 2023 with over 35% share, due high healthcare spending and availability of advanced facilities in the region.

Regional analysis -Asia Pacific is projected to be the fastest growing regional market for disposable surgical sheets between 2023 - 2030. This can be attributed to rising medical tourism, healthcare infrastructure development and growing middle class population in countries such as India and China .

Key players operating in the disposable surgical sheet market are Medline Industries Inc., Cardinal Health, Molnlycke Health Care AB, 3M Healthcare, Ahlstrom-Munksjo, Winner Medical Co. Ltd., Kimberly-Clark Health Care, DuPont Medical Fabrics, Johnson & Johnson, B. Braun Melsungen AG.

For More Insights, Read- https://www.newsstatix.com/disposable-surgical-sheet-market-size-share-analysis-2023-2030/b