The global Surgical Safety Glasses Market is estimated to be valued at US$ 1.27 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Surgical safety glasses help protect eyes from biological hazards like blood, bodily fluids, chemical splashes and airborne particulates generated during medical and surgical procedures. They are equipped with side shields and meet industry standards for impact resistance, optical clarity and fit. Growing incidence of workplace injuries, stringent regulations pertaining to implementation of PPE and increasing awareness about importance of eye safety are some of the key factors augmenting the demand for surgical safety glasses across healthcare facilities.
Market key trends:
One of the key trends witnessed in the surgical safety glasses market size is growing adoption of prescription safety eyewear. As majority of surgeons require prescription lenses, manufacturers are focusing on developing customized prescription safety glasses and goggles equipped with corrective optical lenses. Rising preference for hi-tech surgical loupes integrated with advanced optical devices is another notable trend. These provide enhanced luminous transmission and variable magnification along with complete fog and scratch resistance. Furthermore, growing demand for technologically advanced anti-fog, anti-scratch and anti-reflective coated safety eyewear is expected to drive the market growth over the forecast period.
Threat of new entrants: The threat of new entrants in the surgical safety glasses market is moderate. Requirement of high initial investments for manufacturing and certified production processes restrict new players from entering the market easily.
Bargaining power of buyers: Bargaining power of buyers is moderate to high. Buyers can bargain on price as there exist various manufacturers and suppliers providing surgical safety glasses.
Bargaining power of suppliers: Bargaining power of suppliers is low to moderate. Suppliers do not have pressure on pricing and are dependent on manufacturers for their business.
Threat of new substitutes: Threat from substitutes is low as there are no close substitutes available for surgical safety glasses providing similar protection against various risks in healthcare facilities.
Competitive rivalry: The surgical safety glasses market witnesses high competition amongst existing players. Players compete on parameters like product quality, innovation, pricing and brand recognition.
The global surgical safety glasses market is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing safety rules and regulations in healthcare industry globally.
North America dominates the surgical safety glasses market currently and is expected to continue its dominance over the forecast period. Strict norms regarding eye safety in healthcare industry and presence of major players are some factors attributing to the high market share of the region. Asia Pacific is anticipated to be the fastest growing market for surgical safety glasses owing to rapidly growing medical tourism and private healthcare sector in the region.
Key players operating in the surgical safety glasses market are 3M, Uvex Safety, Bolle Safety, Honeywell Safety Products, MSA Safety, Ansell, Kimberly-Clark, Delta Plus, Protective Industrial Products, COFRA. 3M and Honeywell Safety Products capture major market share due to their well recognized brands and wide distribution network globally