April 17, 2024
Surgical Safety Glasses Market

Surgical Safety Glasses Market is Estimated to Witness High Growth Owing to Growing Concerns Regarding Healthcare Staff Safety

Surgical safety glasses, also known as medical protective eyewear, are specialized glasses or goggles used for eye protection in healthcare and laboratory settings. They are designed to protect eyes from impact injuries and exposure to fluids, chemicals, and airborne particulates. Factors such as introduction of stringent workplace safety regulations in hospitals and laboratories, growing number of surgeries performed worldwide, and increasing cases of healthcare-associated infections are expected to drive the demand for surgical safety glasses.

The global surgical safety glasses market is estimated to be valued at US$ 1.47 trillion in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the surgical safety glasses market are Monadnock, Safariland, ASP, Armament Systems and Procedures, Nightstick, and Guardian Protective Devices.

The market provides key opportunities such as growing focus on workplace safety and rising healthcare expenditures in developing regions. Many players are expanding their businesses globally, especially in Asia Pacific and Latin America, due to high untapped growth potential in these regions.

Growing awareness about healthcare-associated infections and strict safety regulations impose the use of protective equipment across hospitals and laboratories. This is resulting in the global expansion of the surgical safety glasses market.

Market Drivers

The rising number of surgeries performed worldwide annually is one of the major drivers of this market. As per estimates, over 312 million surgeries were performed globally in 2020. This is expected to significantly increase the demand for surgical protective equipment like surgical safety glasses. Moreover, introduction of stringent workplace safety standards by organizations such as Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH) have made use of these glasses mandatory for healthcare workers during procedures. This is anticipated to fuel the market growth over the forecast period.

PEST Analysis

Political: Government regulations for ensuring workplace safety are driving demand for surgical safety glasses. Regulations prescribing use of safety glasses for surgical procedures are expected to boost market growth.

Economic: Rising healthcare spending coupled with increasing surgical procedures are fueling demand for surgical safety glasses. Growth in disposable income is also increasing procurement of safety glasses by hospitals and healthcare facilities.

Social: Increasing awareness about importance of eye protection among surgeons and operating room staff is propelling sales of surgical safety glasses. Rapid adoption of international safety standards is another key factor bolstering market revenues.

Technological: Leading players are launching innovative glasses with anti-fog and anti-scratch coatings. Some players are integrating advanced lenses with corrective prescriptions to gain advantages.

Geographical Regions with High Market Concentration

North America currently dominates the Global Surgical Safety Glasses Market Size, both in terms of value and volume. This is attributed to well-established healthcare infrastructure, stringent workplace safety regulations, and large surgical procedural volume in the region. The U.S. accounts for the major share of the North American as well as global market.

Fastest Growing Regional Market

The Asia Pacific region is poised to witness the fastest growth during the forecast period. Factors such as growing medical tourism, rising healthcare expenditure, increasing number of surgeries, and rapid economic development are fueling the surgical safety glasses market in Asia Pacific. Moreover, growing awareness about importance of protective eyewear and emergence of low-cost manufacturers are aiding the market growth in the region. China, India and other Asian countries are expected to offer immense opportunities for players operating in the surgical safety glasses market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it