Surgical Pledgets Market to Witness Comprehensive Growth by 2026
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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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