Surgical Headband Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Surgical Headband Market Analysis
The surgical headband market studied is anticipated to grow with a CAGR of nearly 4.9%, during the forecast period.
The COVID-19 pandemic significantly impacted the surgical headband market due to the lockdown and delayed or canceled surgical cases by different countries around the world and partial or full closure of surgical clinics due to the high influx of COVID-19 patients. For instance, as per the article published in December 2021 in PubMed, most American hospitals' surgical care was severely impacted by delaying all essential and nonessential surgeries during the COVID-19 pandemic, and hospitals' overall revenue was significantly reduced as a result. Hence, COVID-19 had a significant impact on the surgical headband market. However, the studied market is anticipated to bounce back from the decline of COVID-19 throughout the projection period due to the rise in surgeries and declining COVID-19 instances.
Certain factors that are driving the market growth include the increasing number of surgeries, rising healthcare expenditure, and technological advancements. The growing burden of diseases and innovative medical treatments account for nearly two-thirds of the rise in spending. The volume of knee and hip replacement surgeries has increased worldwide in recent years, and persistent wound drainage is a well-known complication following these procedures, which commonly leads to the increased usage of surgical headbands. For instance, as of the June 2022 update by CIHI, in 2020-2021, 55,300 hip and 55,285 knee replacements were performed in Canada. The high number of surgical procedures is expected to drive the demand for the surgical headband market.
Furthermore, strategic initiatives like mergers, acquisitions, and expansions by the key players are expected to drive market growth. For instance, in August 2022, Wockhardt Hospital, Mumbai Central launched a diabetes surgery clinic. This clinic will provide preventive and therapeutic care in the treatment of diabetes. The surgery treats diabetes by reducing insulin resistance, which helps in controlling the sugar levels in the blood. After undergoing diabetic surgery, the effect on the blood sugar is seen immediately within a couple of days of the surgery. Thus, surgery requires surgical headbands and this can potentially increase the demand of the market studied.
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 over the forecast period. However, issues associated with the lights and heat are expected to restrain the market growth.
Surgical Headband Market Trends
Ambulatory Surgical Centers is Expected to Show Lucrative Opportunity in the Surgical Headband Market Over the Forecast Period
Ambulatory surgical centers are expected to witness significant market growth owing to the factors such as the rise in the prevalence of chronic diseases, the rapidly aging population, and the rise in surgery. Since, surgery addresses a broad spectrum of conditions that incur large social, economic, and health burdens, hence it is an indivisible and indispensable part of health systems. According to the article published in December 2021 in PubMed, throughout the past few decades, surgery were increasingly prioritized by the global health community or governments in various countries. As a result, the number of surgical procedures has risen significantly, to address the global disease burden, thus leading to a rise in the utilization and adoption of surgical headbands. For instance, according to the American Cancer Society 2023 Cancer report, around 1,958,310 people in the United States are estimated to be diagnosed with new cancer cases in 2023. This estimation includes 1,010,310 cases of males and 948,000 cases of females. The high burden of cancer is augmenting the demand for surgery and thereby boosting the growth of the studied market over the forecast period.
Moreover, an increase in surgical cases across the globe is likely to drive. For instance, the November 2022 update from the Australian Institute of Health and Welfare (AIHW) showed that there were 623,000 elective surgeries at public hospitals in the 2021/22 financial year. Thus, with the increasing number of surgeries, the surgical headband market is expected to increase in the future.
Therefore, due to the rise in surgery cases and the increase in the utilization of surgical headbands in ambulatory surgical center, the segment studied is expected to witness significant market growth over the forecast period.
North America Anticipated to Hold a Significant Market Share Over the Forecast Period
North America is expected to hold a significant market share in the studied market throughout the forecast period owing to the factors such as an increase in surgical procedures, a rise in product launches, and a surge in surgery clinic expansions. For instance, as per the ISAPS 2021 survey, the total number of cosmetic procedures conducted in the United States was 7,347,900 in 2021, of which 1,992,296 were surgical procedures. Cosmetic surgical procedures like ear surgery, eyelid surgery, etc, need very precise light settings and the utilization of surgical headbands is likely to increase due to the increase in cosmetic surgery across the country.
Furthermore, increase government initiatives to expand surgical facilities across the region are expected to drive market growth. For instance, in January 2023, the government of Ontario is planning to perform thousands more surgeries in private facilities in an effort to tackle the growing backlog. The first phase will focus on the expansion of cataract surgeries, followed by a second phase that expands into low-complex orthopedic surgeries like knee and hip replacements as well as diagnostic tests. Hence, such developments are expected to increase the utilization of surgical headbands across the region and thereby fueling the market growth.
Hence, with the increase in surgery cases and the surge in the utilization of surgical headbands in hospitals and clinics, North America is expected to witness significant market growth over the forecast period.
Surgical Headband Industry Overview
The surgical headband market is competitive and consists of a number of major players. Companies like Aspen Surgical, Carl Zeiss, Surgitel, HEINE Optotechnik GmbH & Co. KG, Integra LifeSciences Corporation, Orascoptic, SheerVision, Xenosys, among others, hold the substantial market share in the market.
Surgical Headband Market Leaders
HEINE Optotechnik GmbH & Co. KG
Integra LifeSciences Corporation
Surgitel
Aspen Surgical
Orascoptic
*Disclaimer: Major Players sorted in no particular order
Surgical Headband Market News
- In October 2022, SurgiTel launched its new Surgical Headband LED 2.0, with longer battery life than previous models. The new surgical light is designed to combine the power of traditional surgical headlights with the color balance and uniformity of advanced LED technology.
- In July 2022, Enovis launched ARVIS, an augmented reality surgical guidance system designed specifically to improve both total hip and knee replacement surgery. ARVIS is a self-contained, wearable surgical guidance device controlled by the surgeon that can either be worn on an ARVIS headband or compatible with the helmets already worn in surgery.
Surgical Headband Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Surgeries and Rising Healthcare Expenditure
4.2.2 Technological Advancements
4.3 Market Restraints
4.3.1 Issues Associated with Light and Heat
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Type
5.1.1 Disposable
5.1.2 Reusable
5.2 By End-User
5.2.1 Hospitals and Clinics
5.2.2 Ambulatory Surgical Centers
5.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aspen Surgical
6.1.2 Carl Zeiss
6.1.3 Surgitel
6.1.4 HEINE Optotechnik GmbH & Co. KG
6.1.5 Integra LifeSciences Corporation
6.1.6 Orascoptic
6.1.7 SheerVision
6.1.8 Xenosys
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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. There is a wide range of reusable as well as disposable professional surgical headlights in both halogen and LED configurations available in the market. The Surgical Headband Market is Segmented by Type (Disposable, Reusable), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
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| Hospitals and Clinics | |
| Ambulatory Surgical Centers | |
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Surgical Headband Market Research FAQs
What is the current Surgical Headband Market size?
The Surgical Headband Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Surgical Headband Market?
HEINE Optotechnik GmbH & Co. KG , Integra LifeSciences Corporation , Surgitel , Aspen Surgical and Orascoptic are the major companies operating in the Surgical Headband Market.
Which is the fastest growing region in Surgical Headband Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surgical Headband Market?
In 2024, the North America accounts for the largest market share in Surgical Headband Market.
What years does this Surgical Headband Market cover?
The report covers the Surgical Headband Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surgical Headband Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surgical Headband Industry Report
Statistics for the 2024 Surgical Headband market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Headband analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
