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How Laparotomy Sponges Market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2017-2025

06-13-2019 07:06 PM CET | Health & Medicine

Press release from: Allied Market Research

Laparotomy Sponges Market

Laparotomy Sponges Market

The global laparotomy sponges market size was valued at $697 million in 2017, and is projected to reach $1,230 million, registering a CAGR of 7.3% from 2018 to 2025.

The growth of the global laparotomy sponges market is majorly driven by increase in number of laparotomy surgeries carried out across the world. Other factors boosting the market growth include rise in prevalence of abdomen disorders, such as colon cancer, and upsurge in geriatric population. However, factors such as increase in demand for minimally invasive surgeries instead of invasive surgeries and side effects caused due to retained laparotomy sponges hamper the market growth. Conversely, the development of technologically advanced novel products by key vendors such as radio-frequency identification laparotomy sponges and high growth potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the market.

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Laparotomy is an open surgical operation of abdomen, in which incision is made for the treatment of various disorders of the abdominal cavity. During this treatment, patients are given general anesthesia. Laparotomy sponges are abdominal pads used for absorption of body fluids and viscera during surgeries. Moreover, they are used for protection, retraction, and general wound management. They are available in varying sizes and shapes, and are mostly made up of cotton.

The factors that drive the growth of the laparotomy sponges market include rise in prevalence of colorectal cancer, increase in cesarean births worldwide, surge in geriatric population, and easy affordability. However, increase in demand for minimally invasive procedures instead of open surgeries and issues related with retained sponges restrain the market growth. Conversely, the development of advanced laparotomy sponges and high growth potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the key players.

The radiopaque laparotomy sponges segment accounted for the largest share in 2017, owing to high usage & availability of radiopaque laparotomy sponges. Furthermore, the radio-frequency identification (RFID) laparotomy sponges segment is expected to grow at the highest CAGR from 2018 to 2025.

North America was the leading revenue contributor to the global laparotomy sponges market in 2017 and is expected to dominate the market during the forecast period. This is attributed to presence of majority of key players and rise in geriatric population. However, Asia-Pacific is expected to grow at the highest CAGR during the study period, due to increase in prevalence of colorectal cancer in countries such as Japan and China, surge in healthcare expenditure, and rise in awareness toward advanced laparotomy sponges.

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The key players operating in the global laparotomy market include

• Dynarex,
• Cardinal Health,
• Derma Sciences Inc.,
• Medical Action Industries Inc.,
• Stryker Corporation,
• ACTIMED,
• AllCare,
• BSN medical GmbH,
• DUKAL Corporation,
• Haldor Advanced Technologies.

Other players (these players are not profiled in the report, however, the same can be included on request) in the value chain include DeRoyal Industries, Hubei Qianjiang Kingphar Medical Material Co., Ltd., Yangzhou Super Union Import & Export Co., Ltd., and Patterson Companies.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Top Player Positioning, 2017
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rise in prevalence of colorectal cancer
3.4.1.2. Increase in cesarean births worldwide
3.4.1.3. Rise in geriatric population
3.4.1.4. Easy Affordability
3.4.2. Restraints
3.4.2.1. Increase in the number of events of retained surgical instruments
3.4.2.2. Rise in demand of minimally invasive surgeries
3.4.3. Opportunities
3.4.3.1. High market potential in untapped emerging economies
3.4.3.2. Development of technological advanced novel products
3.4.4. Impact Analyses

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About US:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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