Market Size of Surgical Headband Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 355.30 Million |
Market Size (2029) | USD 447 Million |
CAGR (2024 - 2029) | 4.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Surgical Headband Market Analysis
The Surgical Headband Market size is estimated at USD 355.30 million in 2024, and is expected to reach USD 447 million by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
Factors such as the increasing number of surgeries, rising healthcare expenditure, and technological advancements are expected to boost the market's growth during the forecast period.
The growing burden of chronic diseases among the population raises the need for surgical procedures, which is expected to fuel the growth of surgical headbands in the market. For instance, an article published in the Journal of Orthopaedic Science, in June 2022, about 4,052 knee arthroplasties are expected to be performed on men between the ages of 40 and 64 years, 6,942 on men between the ages of 65 and 74 years, 14,986 on men over 75 years in Japan by 2030. Thus, the expected increase in knee surgeries among the population increases the demand for surgical headbands while performing surgeries, propelling the market's growth.
Additionally, the rising burden of heart surgeries, including coronary artery bypass surgeries, is further expected to fuel the demand for surgical headbands, hence anticipated to propel the segment's growth. For instance, according to the German Heart Surgery Report 2022, about 356 isolated heart transplantations, 228 isolated lung transplantations, and five combined heart-lung transplantations were performed in Germany in 2022. Thus, with the high number of cardiac surgeries performed, the demand for technologically advanced surgical headbands is anticipated to increase in the market, bolstering the market's growth.
Furthermore, strategic initiatives like mergers, acquisitions, and expansions by key players are expected to drive the market's growth. For instance, in August 2022, Wockhardt Hospital, Mumbai Central, launched a diabetes surgery clinic. This clinic is designed to offer both preventive and therapeutic interventions for diabetes management. The surgical procedure primarily targets insulin resistance, aiding in the regulation of blood sugar levels. Patients often witness an immediate impact on their blood sugar levels within days post-surgery. Consequently, the rising demand for surgical headbands, a key component in these procedures, could significantly influence the market under examination.
Moreover, the new product launches by the companies are anticipated to fuel the availability of advanced surgical headbands in the market. For instance, in October 2022, SurgiTel launched its new Surgical Headband LED 2.0, with an extended battery life compared to its predecessors. This cutting-edge surgical light merges the potency of conventional surgical headlights with the color precision and consistency of state-of-the-art LED technology.
Hence, due to the rise in surgery cases and the increase in the utilization of surgical headbands in surgery clinics, the market studied is expected to witness significant market growth during the forecast period. However, issues associated with lights and heat are expected to restrain the market's growth.
Surgical Headband Industry Segmentation
As per the scope of the report, surgical headbands provide necessary lighting to the operative field, thus making them a vital component of various surgical procedures. A wide range of reusable and disposable professional surgical headlights in halogen and LED configurations are available on the market.
The surgical headband market is segmented by type, end user, and geography. By type, the market is segmented into disposable and reusable. By end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (USD) for the above segments.
By Type | |
Disposable | |
Reusable |
By End User | |
Hospitals and Clinics | |
Ambulatory Surgical Centers | |
Other End Users |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Surgical Headband Market Size Summary
The surgical headband market is poised for growth, driven by an increase in surgical procedures and advancements in healthcare technology. The market experienced a setback during the COVID-19 pandemic due to postponed surgeries and the temporary closure of surgical clinics. However, it is expected to recover as the frequency of surgeries rises and COVID-19 cases decline. Factors such as the growing prevalence of chronic diseases, an aging population, and rising healthcare expenditure are contributing to the demand for surgical headbands. The market is further bolstered by strategic initiatives like mergers and expansions by key players, which are enhancing the availability and adoption of these devices in surgical settings.
North America is anticipated to maintain a significant share of the surgical headband market, supported by an increase in surgical procedures and product launches. The region's market growth is also fueled by government initiatives to expand surgical facilities, addressing the backlog of surgeries. The demand for surgical headbands is expected to rise with the growing number of cosmetic and orthopedic surgeries. The competitive landscape features major players such as Aspen Surgical, Carl Zeiss, and Surgitel, who are innovating with new products like the Surgical Headband LED 2.0 to meet market needs. Overall, the market is set to experience substantial growth, driven by the increasing utilization of surgical headbands in hospitals and clinics.
Surgical Headband Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Number of Surgeries and Rising Healthcare Expenditure
-
1.2.2 Technological Advancements
-
-
1.3 Market Restraints
-
1.3.1 Issues Associated with Light and Heat
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD)
-
2.1 By Type
-
2.1.1 Disposable
-
2.1.2 Reusable
-
-
2.2 By End User
-
2.2.1 Hospitals and Clinics
-
2.2.2 Ambulatory Surgical Centers
-
2.2.3 Other End Users
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 South Korea
-
2.3.3.6 Rest of Asia-Pacific
-
-
2.3.4 Middle East and Africa
-
2.3.4.1 GCC
-
2.3.4.2 South Africa
-
2.3.4.3 Rest of Middle East and Africa
-
-
2.3.5 South America
-
2.3.5.1 Brazil
-
2.3.5.2 Argentina
-
2.3.5.3 Rest of South America
-
-
-
Surgical Headband Market Size FAQs
How big is the Surgical Headband Market?
The Surgical Headband Market size is expected to reach USD 355.30 million in 2024 and grow at a CAGR of 4.70% to reach USD 447 million by 2029.
What is the current Surgical Headband Market size?
In 2024, the Surgical Headband Market size is expected to reach USD 355.30 million.