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Surgical Pledgets Market to Witness Comprehensive Growth by 2026

09-06-2018 05:23 PM CET | Health & Medicine

Press release from: Transparency Market Research

Surgical Pledgets Market to Witness Comprehensive Growth

Surgical pledgets are non-absorbable synthetic patches made of poly-tetra fluoro ethylene (PTFE) that reduce the possibility of tearing of sutures through tissue. They are indicated for use as suture supports. Pledgets protect the tissues from thread tension and distribute the tension evenly across the pledget, which enables better tightening of the sutures. Pledgets are used as a buttress for non?absorbable sutures in various surgical procedures such as septal repair, vascular closure, valvular suturing, myocardial closure, etc. Like various non? absorbable suturing materials, surgical pledgets initially cause a foreign body reaction in the body and become encapsulated in the connective tissues over time.

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Increase in prevalence of musculoskeletal disorders, benefits of pledgets such as low risk of wound infection, and significant usage of non-absorbable sutures in cardiovascular disorders are the key factors expected to boost the surgical pledgets market during the forecast period. However, lack of awareness about technological advancements in wound closure systems and high price of pledgets are anticipated to restrain the expansion of the surgical pledgets between 2018 and 2026. Rise in demand for wound closure devices such as surgical staplers is projected to hamper the expansion rate of the surgical pledgets market in the coming years.

The global surgical pledgets market can be segmented based on application, end-user, and region. Based on application, the global surgical pledgets market can be divided into cardiovascular surgery, thoracic surgery, and general surgery. The cardiovascular surgery segment accounted for a significant market share in 2017, which is attributable to increased prevalence of lifestyle disorders such as diabetes and cardiovascular diseases across the globe and increasing geriatric population. The cardiovascular surgery segment is anticipated to remain dominant throughout the forecast period, owing to rise in awareness about surgical pledgets in developed countries. Increase in number of surgical procedures across the globe and quick adoption of technological advancements in wound closure techniques are projected to augment the general surgery segment in the near future. In terms of end-user, the global surgical pledgets market can be categorized into hospitals, ambulatory surgical centers, clinics, and others. The hospitals accounted segment for significant revenue in 2017, owing to the emergence of multispecialty hospitals in the world and favorable reimbursement policies of hospitals. Rise in hospital admissions for accidental injuries is expected to propel the hospitals segment growth during the forecast period. Increase in demand for wound closure systems that reduces the possibility of post-surgical complications is a key factor for the estimated expansion of the clinics segment of the global surgical pledgets market during the forecast period.

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Based on region, the surgical pledgets market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a dominant market share in 2017, which is attributed to increase in investments in the health care sector and rise in burden of cardiovascular diseases in the U.S. The region is anticipated to lead the market during the forecast period, due to the strategic presence of key companies in the U.S. and Canada. Europe is anticipated to be a prominent region of the market, owing to the emergence of local manufacturers in key countries of Europe. Improved distribution of surgical pledgets by key manufacturers in the emerging countries of Asia Pacific and thriving medical tourism in China and India are expected to boost the market in Asia Pacific between 2018 and 2026.

Prominent players operating in surgical pledgets market include Péters Surgical, Dolphin Sutures, Medline Industries, Inc., Aesculap, Inc., Medtronic, C. R. Bard, Inc., ADHE-ELS, DeRoyal Industries, Inc., Henry Schein, Inc., Santec Medicalprodukte GmbH, and Lamed.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

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