Market Trends of Surgical Headband Industry
The Ambulatory Surgical Centers Segment is Expected to Witness Lucrative Growth During the Forecast Period
Ambulatory care centers (ACCs) or ambulatory surgical centers (ASCs) are modern medical facilities providing same-day surgical care, including diagnostic, preventive, and treatment procedures. They are also known as outpatient surgical centers, where procedures do not require admission to healthcare facilities.
Ambulatory surgical centers are expected to witness significant market growth owing to 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, it is an indivisible and indispensable part of health systems.
The increasing number of chronic diseases such as cancer, cardiovascular, and neurological disorders is anticipated to raise the demand for surgical headbands owing to the increasing number of surgeries. For instance, according to 2024 data published by the American Cancer Society, around 2 million people in the United States are expected to be diagnosed with cancer in 2024, compared to 1.9 million in 2023. The high burden of cancer is augmenting the demand for surgery and thereby boosting the growth of the studied segment during the forecast period.
Furthermore, the rising launches of ambulatory surgical centers raise the need for surgical headbands during surgeries, augmenting the segment's growth. For instance, in May 2024, Panoramic Health launched five operating rooms in ambulatory surgery centers (ASC) in Tampa, United States. With this launch, the center enhances the delivery of outpatient care and improves the overall patient and provider experience.
Therefore, due to the rise in surgery cases and the increase in the utilization of surgical headbands in ambulatory surgical centers, the segment studied is expected to witness significant market growth during 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 factors such as an increase in surgical procedures, a rise in product launches, and a surge in surgery clinic expansions.
The high number of surgical procedures performed across healthcare facilities is anticipated to fuel the growth of the surgical headbands market over the forecast period. For instance, as per 2024 updated data published by the American Academy of Orthopaedic Surgeons, approximately 700,000 total knee replacement procedures are performed by surgeons in the United States every year.
Additionally, the number of surgical procedures in hospitals is increasing owing to the rising burden of chronic diseases among the population, hence boosting the market growth. For instance, in August 2022, the American Surgery Center and the CEO of United Medical stated that surgeries are projected to grow 18% at both hospital outpatient departments and physician clinics, over the next 10 years. As a result, the demand for surgical headbands is likely to expand along with the anticipated increase in surgical procedures over the forecast period.
Furthermore, increased government initiatives to expand surgical facilities across the region are expected to drive market growth. For instance, in January 2023, the government of Ontario planned to perform thousands more surgeries in private facilities to tackle the growing backlog. The first phase focuses 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.
Similarly, in November 2022, USA Health gained approval to construct a multi-specialty ambulatory surgery center on its West Mobile Campus. The center will have six operating rooms and two procedure rooms for several outpatient treatments in the fields of orthopedics, ENT, obstetrics and gynecology, urology, neurology, gastrointestinal, pediatric surgery, and general surgery. 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, the studied market in North America region is expected to witness significant market growth over the forecast period.
