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Surgical Headband Market - Forecasts from 2022 to 2027

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  • 136 Pages
  • October 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5682012
The global surgical headband market is projected to accelerate at a CAGR of 4.39%, from a market size of US$470.161 million in 2020 to a market size of US$635.119 million by the end of 2027.

The surgical headband industry is predicted to increase during the forecast period owing to the increasing number of surgeries at the international level and growing cosmetic surgical procedures. The increasing health expenditure globally is further augmenting the market growth over the next five years. The growing number of Centers of Excellence (CoE) worldwide for complex surgeries is propagating the growth of the global surgical headband market in the forecast period. The rising ageing population at the global level is demanding improved and dedicated healthcare infrastructure along with sophisticated treatment procedures, including advanced surgical procedures in order to treat age-associated chronic diseases, providing an immense opportunity for the market to proliferate during the forecast period.

However, the presence of stringent regulations for the development and approval of medical devices is projected to impede the market growth having a moderate impact during the forecast period. Furthermore, the presence of chronic diseases, including cardiovascular diseases, will significantly impact the market growth positively with the growing number of cardiovascular disorders along with other chronic diseases requiring surgeries around the globe.

Geographical Analysis

On the basis of geography, North America and Europe are projected to hold a significant market share, followed by the Asia Pacific region to grow at a significant CAGR during the forecast period. The highest health expenditure, along with the advanced medical facilities and state-of-the-art healthcare infrastructure, further gives an impetus to fueling the market growth of the North American (NA) region in the forecast period. Also, a burgeoning older population, in addition to a high prevalence of chronic conditions among a range of individuals, will further augment the market demand in the NA region.

Moreover, the ongoing organ donation and transplantation activities at the global level are further bolstering the growth prospects of the global surgical headband market in the forecast period, further strengthening the market demand over the next five years. Also, the increasing adoption of minimally invasive surgeries worldwide is providing an opportunity for the market to grow at a significant pace during the tenure of the forecast period.

Given the current COVID-19 scenario, the market for surgical headbands will significantly get affected in 2020 due to adverse effects on the production and demand for surgical headbands. This is mainly due to the shift of focus towards the production and supply of COVID-19-related medical products for the prevention of disease spread and essential medical supplies.

The escalating number of surgeries globally, along with the growing demand for surgical care, is predicted to enhance market growth during the forecast period.

The number of surgeries is soaring internationally; hence, this is projected to drive the market demand over the next five years. Additionally, with the increasing adoption of minimally-invasive surgical procedures, the market is estimated to propagate in the forecast period.

An increase in road accidents and fatalities has increased the market demand

The increasing road traffic injuries, especially in low and middle-income countries, are further providing an impetus in surging the market growth in the forecast period offering solid prospects for surgeries. As per the WHO estimates, close to 1.35 million individuals die every year due to road traffic accidents.

These injuries are reported to be the leading cause of death for children and young adults aged between 5 to 29 years of age. Road traffic accidents cost around 3% of the country's GDP. It has been predicted that over 50% of all road traffic accident deaths occur among pedestrians, cyclists, and motorcyclists. Additionally, more than 90% of the global fatalities on roads take place in low and middle-income nations. In the developed regions of the world, individuals from lower socioeconomic status are prone to road traffic accidents.

Furthermore, the growing number of non-fatal traffic injuries provides robust market growth opportunities in the forecast period. According to the WHO prediction, around 20 to 50 million people suffer due to non-fatal road traffic injuries, resulting in disability due to injury.

Moreover, surgical care plays an essential role where the growing population of the world requires facility-based treatments for acute and chronic diseases. It has been observed that the movement towards accessing universal healthcare will fail to attain its sustainable development goals without including surgical services. Hence, with the growing surgical need, which may vary from region to region, and according to the disease prevalence, the market for surgical headbands holds strong growth prospects in the forecast period.

Increase in the geriatric population to drive the market demand

With the growing geriatric population worldwide, the market is further poised to strengthen in the forecast period. For example, the population in the United States is projected to surge from 7.9% in 2010 to 17% in 2020 (source: US Census Bureau). Elderly individuals are the fastest-growing population, and their population size was estimated to increase to 53.2% in 2020 from 13.3% in 2010.

The surge in the elderly population is mainly attributed to the increase in life expectancy. Hence, this population has a substantial impact on the increasing demand for better healthcare facilities which include better surgical procedures as well. This is because the older population requires more medical services than the younger population.

The growing Center of Excellence (CoE) model of care is further augmenting the market demand in the forecast period.

The burgeoning concept of the Center of Excellence (COE) is considered an intelligent approach to the increasing need for disease-based medical management of varied chronic conditions. The COE's multidisciplinary and dedicated approach with demonstrated efficacy and better treatment outcomes are providing an opportunity for the market to grow at a significant pace in the forecast period owing to the growing need for surgical headbands as part of the routine medical supply to be utilized for various surgical procedures requiring innovative surgical headbands for better illumination.

As of now, there is no single definition of COE, but the centres consist of high-level experts who are skilled in a specific treatment area and are well-aware of cutting-edge technologies in their respective fields. Centers of Excellence are healthcare systems and hospitals offering highly specialized and sophisticated treatments and procedures and providing complicated surgical procedures. Also, these centres are involved in clinical trials and biomedical research for various diseases.

Key Developments

March 2021: Aspen Surgical Products Inc. announced the acquisition of BlueMed Medical Supplies Inc., a manufacturer of surgical disposables. Aspen plans to broaden its manufacturing and development facilities for safety products with this acquisition.

November 2020: Aspen Surgical Products Inc., a manufacturer of surgical headbands and disposable products, reported the acquisition of Protek Medical Products, Inc., another producer of disposable medical products. This acquisition was done to strengthen the production capacity and develop better technologies for Aspen.

Impact of the COVID-19 pandemic

The COVID-19 pandemic had an everlasting effect on major industry functions. The suspension of vital industrial processes led to a decrease in economy and productivity. The surgical headband market was also significantly affected by the pandemic. The suspension of non-essential medical procedures and surgeries led to a decrease in demand for surgical headbands. The World Economic Forum estimates that about 28 million elective surgeries may have been delayed or cancelled globally during the 12 weeks of the COVID-19 pandemic's peak disruption. Around the world, 38% of cancer procedures had to be postponed or abandoned. Hence, the market demand and revenue decreased substantially as a result. But as medical procedures soon resumed, the industry experienced a rise in demand. Additionally, the market is anticipated to grow considerably in the anticipated period as the majority of nations have begun to relax their COVID-19 restrictions.


By Type

  • Disposable Surgical Headband
  • Reusable Surgical Headband

By End-User

  • Hospitals
  • Ambulatory Surgery Centers
  • Clinics

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Europe
  • UK
  • Germany
  • Italy
  • France
  • Middle East and Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Surgical Headband Market Analysis, by Type
5.1. Introduction
5.2. Disposable Surgical Headband
5.3. Reusable Surgical Headband
6. Surgical Headband Market Analysis, by End-User
6.1. Introduction
6.2. Hospitals
6.3. Ambulatory Surgery Centers
6.4. Clinics
7. Surgical Headband Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa
7.5.1. United Arab Emirates
7.5.2. Israel
7.5.3. Saudi Arabia
7.5.4. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. HEINE Optotechnik GmbH & Co. KG
9.2. FABCO
9.3. Aspen Surgical
9.4. BFW Inc.
9.5. Integra LifeSciences
9.6. SurgiTel (Division of General Scientific Corporation)
9.7. Orascoptic

Companies Mentioned

  • HEINE Optotechnik GmbH & Co. KG
  • Aspen Surgical
  • BFW Inc.
  • Integra LifeSciences
  • SurgiTel (Division of General Scientific Corporation)
  • Orascoptic



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