Single-use Medical Equipment Drapes Market Size, Share | 2031

Report Description

Market Outlook:

The Global Single-use Medical Equipment Drapes market was estimated at USD 758.8 Million in 2022 and is anticipated to reach USD 1,070.8 Million by 2031, expanding at a CAGR of 4.0% during the forecast period.

Single-use medical equipment drapes are sterile, disposable covers designed to be placed over medical equipment during procedures to prevent the spread of infection. These drapes are made of materials that are non-absorbent, non-allergenic, and easy to clean, such as polyethylene or polyvinyl chloride (PVC).

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These drapes come in various shapes and sizes to fit specific medical equipment, such as surgical tables, operating lights, and X-ray machines. Single-use medical equipment drapes are an essential part of infection control measures in healthcare facilities to minimize the risk of transmission of pathogens between patients and healthcare workers.

Macro-economic Factors

Rising GDPs of Emerging Economies

Economic growth of a country refers to an increase in the level of economic activities in a country or region over time, which is measured by growth in GDP. Countries in Asia Pacific, such as Brazil, Russia, India, and China, Southeast Asia, and others in Latin America are considered key developing economies. The economic growth of emerging countries is growing by about 6% to 7% annually, whereas countries with already well-established economies report growth rates below 3%. Therefore, the GDP growth rate for emerging economies is outperforming those of developed countries. For instance, in 2021, the total contribution of the healthcare industry to global GDP was 10%. Thus, the rising GDP of emerging economies plays a crucial role in boosting the market.

Governmental Spending

Funding for healthcare infrastructure:

Government spending on healthcare infrastructure, such as hospitals and clinics, influences the demand for Single-use medical equipment drapes. Healthcare facilities are expanding and modernizing, which increases the need for Single-use medical equipment drapes to prevent the spread of infection and maintain hygiene.

Investment in medical research:

Government funding in medical research leads to the development of medical technologies, such as advanced surgical techniques. This increases the demand for Single-use medical equipment drapes, as healthcare facilities are adopting new technologies and procedures.

Market Dynamics

Market Driver- Increasing Global Demand for Diagnostic Procedures

Increasing global demand for diagnostic procedures is impacting the global single-use medical equipment drapes market. There has been a corresponding increase in the number of diagnostic procedures being performed across the globe. due to the rising prevalence of chronic diseases at a rapid pace. Rising aging population, healthcare expenditure, and advancements in medical technology are contributing to the market growth. For instance, in 2019, the American College of Radiology (ACR) reported that there were over 80 million diagnostic imaging procedures performed in the US alone. This number is expected to increase, as an increasing number of people seek early diagnosis and treatment for various medical conditions. Thus, the demand for Single-use medical equipment drapes is expected to increase to prevent infection during these procedures.

Market Driver- Technological Advancements in Medical Equipment Drapes

Some companies are developing smart drapes that incorporate sensors and other technologies to monitor patient vital signs, such as temperature, heart rate, and respiration rate. These drapes provide real-time data to healthcare providers, allowing for accurate and timely diagnosis. Antimicrobial agents are being incorporated into single-use medical equipment drapes to provide additional protection to medical equipment against bacteria and viruses. These agents prevent the spread of infection by killing or inhibiting the growth of microorganisms on the surface of the drape. In March 2021, Medtronic announced the launch of its new SteriCloth Surgical Drape and Gown System, which features a patented antimicrobial barrier technology that provides superior protection against bacteria and viruses. The system is designed to reduce the risk of healthcare-associated infections (HAIs) by up to 99.9% and has received regulatory approval in several countries, including the US and Europe. Moreover, In September 2021, B. Braun announced the launch of its new SteriTouch Antimicrobial Drape and Gown System, which incorporates silver ion technology to provide long-lasting antimicrobial protection against bacteria and viruses. The system is designed to be used in a variety of medical procedures, including surgical procedures, wound care, and diagnostic imaging procedures.

Market Restraint- Regulatory compliance affects the Market

Regulatory compliance affects the global single-use medical equipment drapes market. For instance, the European Union's (EU) Medical Devices Regulation (MDR), which came into effect in May 2021. The MDR requires all medical devices, including single-use medical equipment drapes, to meet higher safety and performance standards than the previous regulation. For instance, in 2017, the FDA issued a final guidance document on sterilization of medical devices. The document included new requirements for validation and verification of sterilization processes, which increased costs for manufacturers of Single-use medical equipment drapes. However, regulatory requirements drive innovation and improve product safety and effectiveness, which benefit manufacturers and healthcare providers in the long run.

Market Opportunity- Increase in Healthcare Expenditure Globally

The elevated costs associated with high-quality drapes hamper the global Single-use medical equipment drapes market. In 2018, Becton, Dickinson and Company (BD), a major manufacturer of Single-use medical equipment drapes, announced a price increase in its products. The company stated that products cost has increased, due to the hike in the price of raw materials. High costs of high-quality Single-use medical equipment drapes are limiting access to these products in low- and middle-income countries (LMICs). In many LMICs, healthcare resources are already limited, and the high cost of these drapes makes it difficult for healthcare facilities to afford these products. Thus, healthcare workers are reusing these drapes, which increases the risk of infection and compromises patient safety. This significantly increases healthcare costs, due to the need for additional treatments and hospitalizations related to infections.

Market Key Developments

In October 2022, Ecolab, Inc., and Siemens announced a strategic partnership that help customers accelerate their progress toward sustainability and productivity goals. Together, the companies launched Climate Intelligence, powered by ECOLAB3D and Siemens gPROMS, which is a new innovative solution that allows customers to virtually model different scenarios across their water and energy systems to identify opportunities to conserve water and power while also lowering their greenhouse gas emissions.

In August 2021, Ecolab Inc., opened the Ecolab Healthcare Advanced Design Center in Eagan, Minn. The state-of-the art, 22,000-square-foot innovation center enable Ecolab Healthcare to partner with medical device industry customers on infection prevention solutions for their cutting-edge surgical equipment and develop new solutions for hospitals and surgery centers.

In September 2020, TIDI Products, LLC entered into a partnership with Amazon to provide personal protective equipment, including eyewear, face shields, and other necessary products to healthcare providers on the front lines.

In November, 2023, GE HealthCare announced the launch of a new AI suite designed to simplify workflows of radiologists when reading mammograms and help them detect breast cancer in patients.

In June 2020, Winner Medical Co., Ltd acquired a majority stake in Pingan Medical for high growth. Specifically, the company plans to roll out medical sets that comprise needle-type products from Pingan Medical and wound care supplies from Winner Medical, providing one-stop customized solutions for hospitals and large medical centers.

Scope of the Report  

The report on the Global Single-use Medical Equipment Drapes Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Segmental Outlook

Based on Product, the global Single-use medical equipment drapes market is segmented into ultrasound probe drapes, endoscopic camera drapes, C-Arm imaging drapes, microscope drapes, and others.

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On the basis of sterility, the global Single-use medical equipment drapes market is bifurcated into sterile and non-sterile. The sterile segment is projected to expand at a considerable pace during the forecast period, as sterile drapes are providing to reduce the number of microbes present to as few as possible.

Based on end-use, the global Single-use medical equipment drapes market is segmented into hospitals, clinics, and ambulatory surgical centers. End-use, in the context of business and technology, refers to the organization or individual that ultimately uses a product or service to fulfill their specific needs or requirements.

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On the basis of distribution channel, the global Single-use medical equipment drapes market is bifurcated into online and offline. The online segment is projected to expand at a considerable pace during the forecast period, as it allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app.

Regional Outlook

On the basis of region, the global single-use medical equipment drapes market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

On the basis of countries, the single-use medical equipment drapes market in North America is bifurcated into the US and Canada. The market in the US is projected to expand at a significant CAGR during the forecast period.

In terms of countries and sub-regions, the Single-use medical equipment drapes market in Europe is segregated into Italy, Germany, France, the UK, Spain, Russia, and the Rest of Europe. The UK and Germany are anticipated to account for a significant share of the market in the region during the forecast period.

The North America Single-use medical equipment drapes market is the largest in terms of revenue share, due to advancements in healthcare infrastructure, increased healthcare spending, and high demand for medical equipment surgical drapes in the region. The US dominates the market in the region, followed by Canada and US.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Single-use Medical Equipment Drapes market

• Historical, Current, and Projected Market Size in terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Single-use Medical Equipment Drapes Market performance