A latest report from Absolute Markets Insights covers insights into the global Surgical Sponge market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Surgical Sponge market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Surgical Sponge report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Surgical Sponge report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Surgical Sponge market include: BSN medical, CARWILD CORP, McKesson Medical-Surgical Inc., Medline Industries, Inc., Mölnlycke Health Care AB., Owens & Minor, Inc., PAUL HARTMANN Middle East FZE and Winner Medical Group Inc. amongst others.
In terms of revenue, global surgical sponge market was valued at US$ 2307.73 million in 2022 and is expected to reach US$ 3119.27 million by 2030, growing at an estimated CAGR of 3.8% over the next seven years.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Surgical Sponge Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Surgical Sponge Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Surgical Sponge Market before evaluating its feasibility.
Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Surgical Sponge Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Surgical Sponge Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Surgical Sponge market?
Increasing global burden of diseases has inflated demand of medical procedures for treatment of the sick population. The broad spectrum of medical conditions being treated with surgical care has contributed towards high demand in surgical sponge market across the globe.
World Health Organization states that prevalence of chronic diseases contributes almost 43% of global burden of diseases and accounts for more than 60% of all the deaths around the world. This high prevalence of diseases such as chronic obstructive pulmonary disease (COPD), cardiovascular diseases, diabetes, obesity and overweight, visual impairment, cancer and others has created high demand for medical treatments. Surgical care is an essential form of medical treatment for managing these diverse chronic health conditions. The ability of surgical care procedures to effectively treat these chronic diseases has inflated the total number of surgeries performed across the globe to more than 322 million per year, states World Health Organization. Surgical care requires skilled human resources and specialized supplies. A surgical sponge is a specialized sponge or pad used in surgery. It is used to absorb liquids from a surgical site including blood and other bodily fluids to reduce the mess at operation table. The surgical sponge also absorbs the blood flow from incision made on human body during surgery and the used sponge can be later weighted to measure the amount of blood loss. Precise estimation of blood loss is crucial for medical professionals to estimate accurate amount of blood transfusion. Thus, surgical sponges are a crucial element in surgical procedures and the global surgical sponge market is witnessing high demand owing to rise in surgical procedures for treating the sick population worldwide.
Apart from the growing burden of chronic diseases, the rise in number of general treatments and medical procedures has further created an upsurge in the demand for surgical sponges. The rising number of cosmetic surgeries have contributed towards excessive demand of surgical sponges. The American Society of Plastic Surgeons (ASPS) states that more than 17.7 million cosmetic surgical procedures were performed across U.S in 2018. This number rose from the previous year with a difference of quarter million more procedures. Along with cosmetic surgeries, dental surgeries are also gaining momentum and hence inflating the demand for surgical sponges. The FDI World Dental Federation states that oral diseases affect more than 3.9 billion people which in-turn increases the number of dental surgeries performed. Industrial players in surgical sponge market are providing surgical sponges designed specifically for dental procedures. For instance, the Gelfoam Dental Sponges of Pfizer Inc. are sterile surgical sponges used in providing hemostasis (cessation of bleeding). These sponges are prepared from specially treated gelatin solution which enhances its absorption capacity. Thus, the on-going inflation in number of cosmetic and dental surgeries has heightened the demand for global surgical sponge market.
Experts at the University of Birmingham have stated that patients undergoing surgery after getting affected by coronavirus are at high risk of postoperative death. This has created resilience amongst healthcare professionals and patients to undertake surgical treatment during the on-going COVID-19 crisis. Also, the high flow of COVID-19 patients has forced medical facilities to postpone elective surgeries and concentrate their workforce and resources on the treatment of active COVID-19 patients. For instance, the Government of India issued a directive to all the hospitals and medical institutions in March 2020 to postpone all the elective and non-essential surgical procedures which has resulted in a hold-up of about 5.8 lakh surgeries in India. Thus, the decreasing amount of surgeries amidst coronavirus outbreak is inhibiting the demand in global surgical sponge market.
Global Surgical Sponge Market Segmentation:
Global Surgical Sponge Market By Material (Cellulose, Cotton/Gauze, Cotton, PVA (Polyvinyl Acetal), PVA (Polyvinyl Acetate), Rayon, Nonwoven, Polyurethane, Polyesters, PVAc, Others (Lint Free Fabric, Cotton Twill, Etc.)); By Shape (Cylindrical, Pattie, Rectangle, Round, Square, Triangle, Triangle/Rectangle, Triangle/Round, Others); By Sterility (Sterile, Non-Sterile); By Type (X-Ray Detectable, Double Strung, Fenestrated, Fenestrated/Pediatric, Others); By Application (LASIK And Refractive, Surgery, Neuro, Laparotomy, Endoscopic Sponge, Dissecting Sponges, Tonsil And Ear, Cherry Dissector Sponge, Others); By End User (Hospitals, Clinics, Pharmacy, Ambulatory Surgical Centers, Others) By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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