According to a new report published by Allied Market Research, titled, Laparotomy Sponges Market, by Product, Sterility, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025,” the market was valued at $697 million in 2017, and is projected to reach $1,230 million in 2025, registering a CAGR of 7.3% from 2018 to 2025.
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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.
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- The traditional laparotomy sponges segment accounted for more than one-fourth share of the global laparotomy sponges market in 2017.
- The sterile laparotomy sponges segment is expected to grow at highest CAGR from 2018 to 2025.
- The non-sterile laparotomy sponges segment accounted for around one-fifth share of the global laparotomy sponges market in 2017.
- Europe accounted for around one-third share of the global market in 2017.
- LAMEA is expected to provide lucrative market growth opportunities from 2018 to 2025.
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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.
On the basis of sterility, the sterile laparotomy sponges segment occupied the largest share in 2017 and is expected to provide lucrative market opportunities during the forecast period.
The utilization rate of laparotomy sponges in hospitals is high. However, laparoscopic sponges market in surgery centers is expected to grow at a highest CAGR during the forecast period, due to increase in number of surgical centers across the world.
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